November 17, 2009 - Virtual Health Technologies, Inc. (OTCBB: VHGI) today confirmed the formation of a wholly owned operating subsidiary, VHGI Gold, Inc. "VHGI Gold will operate independent of VirtualHealth Technologies as it seeks to maximize returns for VHGI through the Gold Mining and Precious Metals Mining markets, but the company is 100% owned by VirtualHealth Technologies (OTCBB-VHGI)." "Within the coming days we expect to announce appointments to an advisory board for VHGI Gold, as well as interim management to staff this newly created division which draws heavily on VHGI's earlier corporate operating history of Gold and Mineral Exploration" stated Jim Renfro, President of VHGI.

VHGI Gold will release details as they become available, and investors are invited to view information concerning VHGI Gold at http://www.vhgigold.com or call VHGI Shareholder relations at 859-514-6982.

Treasure Gulch Gold Mine
VHGI Gold is presently negotiating modifications to the previously acquired Lease-Purchase Option for the Treasure Gulch Gold Mine and is also making arrangements for due diligence and ore sampling evaluation to determine a plan for development of the mine. Unverified historical due-diligence material estimates Proven and Probable Gold Reserves in excess of $35,000,000.00 using a valuation of $800.00 per ounce.

The plan calls for surface ore deposits to be sent to an analytical laboratory to determine the best possible gold extraction methodology, as well as a short-term structure sampling program to determine the value of the subterranean holdings as to the possible quantity and grade of Gold Bearing Ore that could be extracted. Both options could potentially produce first gold in 30 to 60 days on a laboratory scale.

Based on the outcome, a small pre-production extraction plant could be used to test the economics and provide certification for a final mining plan. While smaller production efforts could possibly support a profit orientated enterprise, the real commercial value of the Treasure Gulch Mine for VHGI could potentially be found in the development of the ore reserves at depth and on strike.

About VHGI Gold
VHGI has recently initiated steps to leverage the company's operating history and corporate resources within the Gold Mining, Precious Metals and Energy Resources Markets through the creation of VHGI Gold. Although Gold is selling at 25 year high prices and Oil & Gas continue to be trading at significant premiums, global economic events have created significant opportunities within these markets. VHGI intends to pursue these opportunities through Lease-Purchase opportunities, Acquisitions and Joint Ventures for the goal of enhanced shareholder value. Note: Previously it was reported that another division of VHGI (VPS Holdings) had acquired the treasure Gulch lease; the Treasure Gulch Lease- Purchase Option is being managed through the VHGI Gold Operating Division for VHGI.

About Virtual Health Technologies, Inc.
VHGI is a diverse company with assets and interests focusing on opportunities within the Healthcare Technology Industry and Precious Metals / Energy Resources Markets. VirtualHealth Technologies is a provider of next generation technology that securely and efficiently connects healthcare providers and their communities. The company's various software platforms are built on years of experience in providing highly sophisticated technology solutions to existing medical customers. Services are targeted at physician practices as well as the pharmaceutical industry and state and federal regulatory agencies with the primary goal of reducing costs and increasing quality of performance.

"Safe Harbor" Statement and Disclosure:
Virtual Health 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 beyond representations made to VHGI which ultimately came from the owner of the subject property.

Under The Private Securities Litigation Reform Act of 1995: 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 are "forward-looking statements," within the meaning of 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 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 and uncertainties detailed in the Company's SEC filings. The Company undertakes no obligation to revise any of these statements to reflect the future circumstances or the occurrence of unanticipated events.
Warning: include_once(../vhgi-back-to-news.php) [function.include-once]: failed to open stream: No such file or directory in /data/9/0/13/29/502192/user/512411/htdocs/vhgi_holdings/articles/2009-11-18-gold-announcement.php on line 75

Warning: include_once() [function.include]: Failed opening '../vhgi-back-to-news.php' for inclusion (include_path='.:/usr/services/vux/lib/php') in /data/9/0/13/29/502192/user/512411/htdocs/vhgi_holdings/articles/2009-11-18-gold-announcement.php on line 75