UPDATE ON THE CA$7M FLOW-THROUGH-SHARE PRIVATE PLACEMENT

QUEBEC, FEBRUARY 11, 2014 (TSX:VGQ) ---

(VGQ:TSX) Virginia conducts its exploration activities over the vast, unexplored territories of Northern Quebec in order to create value for its shareholders while protecting the quality of life for both present and future generations. With a working capital position of $40.4 million as at November 30, 2013, and a large area of mining claims in Quebec North, Virginia is among the most active mining exploration companies in Qu?bec. Strengthened by the discovery of the ?l?onore project and more than 20 years expertise on the territory, Virginia?s exploration team is recognized as one of the best in Canada. Virginia also holds a 2% to 3.5% royalty in the ?l?onore property.

For information please contact:
Andr? Gaumond, President, or Robin Villeneuve, Chief Financial Officier

Virginia Mines Inc.
200-300 St. Paul Street, Quebec, QC G1K 7R1
www.minesvirginia.com   |   info@minesvirginia.com   
Phone: (800) 476-1853 or (418) 694-9832 | Fax: (418) 694-9120

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described from time to time in Virginia's periodic reports filed with the security commissions of Quebec, Ontario and Alberta, and in the annual report on Form 40-F filed with the U.S. Securities and Exchange Commission. Virginia undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of unanticipated events.