Virginia Grants 142,750 Stock Options: Financial News

QUEBEC CITY, QUEBEC--(Marketwire - July 10, 2009) - Virginia Mines Inc. ("Virginia")(TSX:VGQ - News) announces that today it has granted 142,750 stock options to its directors, officers, employees and services providers.

Of this number, 49,000 have been granted to its directors and officers and 93,750 have been granted to its employees, services providers. Each stock option entitles its holder to subscribe one common share of Virginia at a price of $3.57 per share, which is the closing price on the Toronto Stock Exchange as of July 9, 2009. Their expiry date is July 10, 2019.

About Virginia

Virginia is among the most active mining exploration companies in Quebec with a working capital of $38.5 million as at February 28, 2009, and 29,201,776 shares issued and outstanding as at June 30, 2009. Virginia trades on the Toronto Stock Exchange (TSX) under the ticker symbol VGQ. Virginia concentrates its activities on its numerous properties that are spread over the vast, unexplored regions of northern Quebec.

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 British Columbia, Alberta, Ontario and Quebec, 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.