![]() OTCBB-VHGI Acquires Treasure Gulch Gold Mine Lease-Purchase OptionNovember 2, 2009 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. Come And Visit
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