SAN

Santoy Resources Ltd. (TSX VENTURE:SAN) is pleased to announce that Pursuant to
a Plan of Arrangement (originally announced in a Company news release dated
December 22, 2008, and approved by both company's shareholder votes announced
May 22, 2009), Santoy Resources Limited ("the Company") has now completed its
business combination with privately held Virginia Uranium Ltd. Post-closing, the
Company has changed its name to Virginia Energy Resources Inc. ("Virginia
Energy"), has consolidated its issued share capital to approximately 54,377,279
common shares outstanding, and will have its trading symbol changed from SAN to
VAE on the TSX Venture Exchange.


Virginia Energy currently holds a 20.8 per cent equity interest (in the process
of increasing to 22.2 percent) in the Coles Hill uranium deposit, located in
southern Virginia. Coles Hill, considered to be one of the largest undeveloped
uranium deposits in the United States, had been advanced through to the
feasibility stage in 1982. It has an estimated measured and indicated resource
of 119 million pounds of U3O8 (at a cut-off grade of 0.025 per cent U3O8) based
on a National Instrument 43-101 technical report on the Coles Hill property
prepared for Santoy Resources by Behre Dolbear and Co. Ltd., Marshall Miller and
Associates Inc., and PAC Geological Consultant Inc. (Dr. Peter Christopher,
PEng) dated Feb. 2, 2009, and revised on April 29, 2009. This report is
available on SEDAR and on Santoy Resources' website, www.santoy.ca.




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EXCERPT FROM TABLE 1.1
RESOURCE ESTIMATES - JUNE 4, 2008
(MILLIONS OF TONS AND POUNDS IN-PLACE)
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               Measured(1)           Indicated(1)             Total(1)
         ---------------------  ---------------------  ---------------------
                     %                      %                      %
Cutoff    Tons    U3O8  Pounds   Tons    U3O8  Pounds   Tons    U3O8  Pounds
%U3O8       (2)     (3)   U3O8     (2)     (3)   U3O8     (2)     (3)   U3O8
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Project Total (South and North Coles Hill Deposits)
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0.100    0.755   0.228    3.45   6.27   0.215    26.9   7.03   0.216    30.4
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0.075     1.35   0.164    4.44   24.0   0.116    55.9   25.4   0.119    60.4
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0.050     2.28   0.124    5.65   35.4   0.101    71.7   37.7   0.103    77.4
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0.025     6.62   0.064    8.42   92.1   0.060     111   98.7   0.060     119
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1  Total tonnage above cutoff grade and average weight % U3O8 of that 
   tonnage
2  Short tons based on a rock density of 2.56 g/cc
3  Weight %
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1. The "Qualified Persons" (as defined in NI 43-101) who prepared the 
resource estimate were Betty L. Gibbs for Behre Dolbear and K. Scott Keim 
for Marshall Miller and Associates, Inc.
2. Mineral resources which are not mineral reserves do not have demonstrated
economic viability. The estimate of mineral resources may be materially 
affected by environmental, permitting, legal, marketing, or other relevant
issues.
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At the same time, shareholders will gain diversification and will benefit from
Santoy's exploration properties. The business combination complements Santoy's
portfolio of uranium exploration properties in the Athabasca Basin of
Saskatchewan, the Otish Mountains in Quebec and the Central Mineral Belt of
Labrador. The Company is also the largest shareholder of Boss Power Corp. which
owns the Blizzard uranium deposit in British Columbia.


Messrs Bill James and Pat Barry have resigned from the Company's Board of
Directors. Their very significant contributions during the past several years
have been much appreciated. Their positions have been filed by the appointment
of Walter Coles, Sr., Norm Reynolds and Harvey Roberts, all resident in
Virginia. The new Board will now consist of Walter Coles, Sr., Norm Reynolds,
Harvey Roberts, Ron Netolitzky, Ron Hochstein, Robert Matthews, and Robert
Ingram. Walter Coles, Sr. has been appointed Chairman of the Board. The
Management Team will now consist of Norm Reynolds - President & CEO, Walter
Coles, Jr. - Executive Vice-President, Karen Allan - Chief Financial Officer,
and Mike Cathro - Vice President, Exploration. Ron Netolitzky will remain very
active in the company's direction as we continue to explore our exploration
properties and advance the Coles Hill uranium deposit.


On Behalf of the Board of Directors

SANTOY RESOURCES LTD.

R. K. Netolitzky, President & CEO

This news release includes certain "forward-looking statements" under applicable
Canadian securities legislation. All statements other than statements of
historical fact included in this release, including, without limitation,
statements regarding future plans and objectives of the Company are
forward-looking statements that involve various risks and uncertainties. There
can be no assurance that such statements will prove to be accurate and actual
results and future results, events and objectives could differ materially from
those anticipated in such statements. Important factors that could cause actual
results to differ materially from the Company's expectations include exploration
and other risks detailed from time to time in the filings made by the Company
with securities regulators.

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