VHGI GOLD to Commence Phase One of Sun Gold Project

FT. WORTH, Texas, Jan. 12, 2011 /PRNewswire/ -- VHGI Holdings, Inc. (OTC Bulletin Board: VHGI) and VHGI Gold LLC, its wholly-owned operating subsidiary, announced today that they have begun phase one for their Sun Gold Project between Prescott and Mayer, AZ U.S.A.  

"We recently completed an initial surface sampling of areas within the Sun Gold claims with surprising results," said Mr. Eric Leonetti, Vice President / COO of VHGI Gold.  Mr. Leonetti added, "These results show the potential for additional resources beyond the presence of gold that we hope to exploit within the mining process."

VHGI Gold is currently finalizing its exploration plans for these claims, which will now include a more complex exploration operation in order to better understand the initial findings with the purpose of proving out these potential unforeseen resources.

Mr. Jim Renfro, President of VHGI Gold added, "We found the result of this initial sampling to be exciting and hope that the new planned exploration will allow us to better prove the resources."

Phase one includes the on-going acquisition of key personnel in order to round out the operational team.  Further plans within this phase are to include the potential of enlarging the current claims group and to perform further geophysical surveys with the goal of expediting the mine operational plans.

About VHGI and VHGI Gold

VHGI is a diverse company with assets and interests focusing on opportunities within the Healthcare Technology Industry and Precious Metals Markets. VHGI Gold, a wholly owned subsidiary of VHGI has recently initiated steps to leverage the company's operating history and corporate resources within the Gold Mining Industry and intends to pursue these opportunities through Lease-Purchase opportunities, Acquisitions and Joint Ventures.

"Safe Harbor" Statement:

The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development and any other statements not constituting historical facts are "forward-looking statements," within the meaning of and subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results. This document may contain forward-looking statements concerning the Company's operations, current and future performance and financial condition. These items involve risks, contingencies and uncertainties such as product demand, market and customer acceptance, the effect of economic conditions, competition, pricing, the ability to consummate and integrate acquisitions, and other risks, contingencies and uncertainties detailed in the Company's SEC filings, which could cause the company's actual operating results, performance or business plans or prospects to differ materially from those expressed in, or implied by these statements. The Company undertakes no obligation to revise any of these statements to reflect the future circumstances or the occurrence of unanticipated events.

Investors are invited to obtain information concerning our operations at http://www.vhgigold.com or by calling shareholder relations at 561-515-6035 or emailing [email protected].

SOURCE VHGI Holdings, Inc.

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