OTCBB-VHGI Acquires Treasure Gulch Gold Mine Lease-Purchase Option

* Reuters is not responsible for the content in this press release.

Mon Nov 2, 2009 8:45am EST

LEXINGTON, Ky., Nov. 2 /PRNewswire-FirstCall/ -- VirtualHealth Technologies,
Inc. (OTC Bulletin Board: VHGI) announced today that one of their operating
subsidiaries, VPS Holdings, LLC (VPSH) has acquired a Lease-Purchase Option
Agreement for the Treasure Gulch Gold Mine in Prescott, Arizona from a
privately held entity.  Unverified historical due-diligence material
originally obtained from Western Sierra Mining Corp, Inc. (WSRA, a public
company which is the owner of the subject property) estimates Proven and
Probable Gold Reserves in excess of $35,000,000.00 using a valuation of
$800.00 per ounce. 

FURTHER HISTORICAL DATA
The subject property is located south of Prescott, AZ within the Hassayampa
District, and is composed of three claims. It is an old mine that produced
gold ore from a narrow portion of the vein and from underground open stopes.
The previously worked vein is 6' to 12' in width and the adjacent Zero
extension, also a part of this property, is from 2' to 5' in width. 

PRODUCTION EVALUATION
VHGI is currently conducting due-diligence on the subject property and pending
results hopes to announce details of a proposed mining development schedule.
Details under consideration include a laboratory analysis of surface ore
deposits, an evaluation of the underground mine workings and an evaluation of
refining and processing options subject to the results of these tests and
analysis. 

LEASE-PURCHASE CONSIDERATION
VHGI acquired the Lease-Purchase Option for payments of $50,000, a 1%
production royalty on gold produced from the leased property, and such other
additional consideration, including equity in VHGI as the parties may mutually
agree in good faith following completion by VHGI of its due diligence on the
lease and the leasehold interest. 

INVESTOR CAUTION
VirtualHealth Technologies, Inc. cautions investors that none of the
information concerning the valuations of mineral deposits or other data
reported above have been verified by outside geologists or other verifiable
sources. 

This press release contains forward-looking statements that reflect the
Company's current expectations regarding future events. While these statements
reflect the Company's best current judgment, they are subject to risks and
uncertainties.  Actual results may differ significantly from projected results
due to a number of factors, including, but not limited to assumptions, beliefs
and opinions relating to the business and growth strategy of VirtualHealth
Technologies, Inc. and its wholly owned subsidiaries Verified Prescription
Safeguards, Inc., VPS Holding, LLC, Secure eHealth, L.L.C., Medical Office
Software, Inc. and implementation thereof, based upon the Company's
interpretation and analysis of financial and market conditions, the decisions
of businesses with whom the Company is either engaged in business with or
negotiating, healthcare industry trends and management's ability to
successfully finance, develop, market, sell and implement its e-commerce and
internet solutions, clinical and financial e-transaction services and software
applications to physicians, pharmacies, governmental agencies, laboratories,
insurance companies, HMOs, and payers.  These factors and other risk factors
are more fully discussed in the Company's filings with the Securities and
Exchange Commission. The Company expressly disclaims any intent or obligation
to update any forward-looking statements.





SOURCE  VirtualHealth Technologies, Inc.

Shareholder Relations, VirtualHealth Technologies, Inc., +1-561-245-5237,
Shareholder.Relations@virtualhealthtechnologies.com
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.