Virginia Energy Resources Inc. Joins OTCQX

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Nov 17, 2011, 07:00 ET

NEW YORK, Nov. 17, 2011 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), the company that operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks, today announced that Virginia Energy Resources Inc. (OTCQX: VAERF; TSX.V: VAE), a company focused on the exploration and development of uranium projects in North America, is now trading on the OTC market's highest tier, OTCQX®.

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Virginia Energy began trading today on the OTC market's premier tier, OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

"OTCQX provides the highest level of visibility and access to U.S. investors possible in the OTC marketplace," stated R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome Virginia Energy to OTCQX."

Berenbaum Weinshienk PC will serve as Virginia Energy's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.

About Virginia Energy Resources Inc.

Virginia Energy Resources Inc. (OTCQX: VAERF; TSX.V: VAE) trades in the United States on OTCQX under the symbol “VAERF” and on the TSX Venture Exchange under the symbol “VAE”. Virginia Energy Resources Inc. is a uranium development and exploration company. The Company holds a 29.4% stake in the advanced stage Coles Hill uranium project in Virginia. Additionally, the Company is pursuing active exploration programs in the Athabasca Basin on its Murphy Lake and Hatchet Lake uranium properties, which are held in a 50-50 Joint Venture with Denison Mines Ltd., and its 100% owned uranium properties in the Otish Basin of Quebec. The Company is also a 37% shareholder of Boss Power Corporation.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks. Our OTC Link™ platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. We categorize the wide spectrum of OTC companies into three tiers - OTCQX (the quality-controlled marketplace for investor friendly companies), OTCQB® (the U.S. reporting company marketplace for development stage companies), and OTC Pink™ (the speculative trading marketplace) - so investors can identify the level and quality of information companies provide. To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.

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SOURCE OTC Markets Group Inc.