VHGI Holdings, Inc. Announces 1st Coal Delivery to Indianapolis Power & Light on 1-million Ton Coal Supply Agreement

FT. WORTH, Texas, March 28, 2012 /PRNewswire/ -- VHGI Holdings, Inc. (OTC.QB: VHGI) announced that its wholly-owned subsidiary VHGI Coal, has successfully tested its clean coal-load out system for delivery to Indiana Power & Light (IPL) and other customers. The first shipment to IPL was made on Sunday March 25, 2012.

One of the unique aspects of VHGI Coal's Landree Mine property is the existence of an on-site rail delivery system, which allows them the opportunity to deliver coal to its customers in a more cost efficient and timely manner. The rail delivery system gives VHGI Coal an advantage over many competitors by allowing the Landree Mine to expand its sale base far beyond the Midwest Coal Basin and potentially to overseas markets.

As part of a multiyear coal supply agreement with IPL, the Landree Mine has agreed to ship its coal to IPL by utilizing this new rail delivery system. This weekend's shipment marked the first of many shipments on our previously announced 1-million ton contract with IPL.

Newly hired Executive Vice President Ron Hutchcraft commented on what this means to the employees of the Landree Mine and to VHGI Holdings, Inc. "This is an important milestone in our development as a company. This first shipment proves that our delivery system is now up and running, we can deliver our coal to IPL and other customers as promised in our agreements. Furthermore, it's a big day for our employees who have worked extremely hard and our vendors who have stayed with us in some very trying times over the past couple of months. It's great to see that the efforts of all are rewarded by our first successful delivery."

About VHGI and VHGI Coal

VHGI is a diverse company with assets and interests focusing on opportunities within the Precious Metals, Energy and Mining Markets. VHGI Coal is a wholly-owned subsidiary of VHGI, focusing on the coal mining industry.

"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.vhgiholdings.com or by calling shareholder relations at (954) 548-3086 or emailing [email protected].

For Further Information: [email protected]

Shareholder Relations – Communications (954) 548-3086

SOURCE VHGI Holdings, Inc.

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