Virginia to Sell its Dieppe Property to Agnico Eagle Mines

QUEBEC CITY, QUEBEC, May 27 (MARKET WIRE) --
Virginia Mines Inc. ("Virginia") (TSX: VGQ) announces the execution of an
agreement with Agnico Eagle Mines Limited ("Agnico Eagle") pursuant to
which Agnico Eagle acquires a 100% participating interest in 52 mining
claims, located in the Abitibi region of Quebec, for a consideration that
consists of the issuance to Virginia of $1 million in shares of Agnico
Eagle, to be issued within 10 business days of the effective date of the
agreement.

This agreement also includes an additional issuance of $1 million in
shares of Agnico Eagle, in case of confirmed indicated resource of 1
million ounces of gold on the property.

The agreement is subject to the approval of regulatory authorities.

The Dieppe property lies within the Casa Berardi fault, which is the host
to the Casa Berardi gold deposit.

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 April 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.

Contacts:
Virginia Mines Inc.
Andre Gaumond
President
800-476-1853 or 418-694-9832
418-694-9120 (FAX)

Virginia Mines Inc.
Paul Archer
V-P Exploration
800-476-1853 or 418-694-9832
418-694-9120 (FAX)

Virginia Mines Inc.
Amelie Laliberte
Investor Relations
800-476-1853 or 418-694-9832
418-694-9120 (FAX)
mines@virginia.qc.ca
www.virginia.qc.ca

Copyright 2009, Market Wire, All rights reserved.

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