LEXINGTON, Ky., March 16 /PRNewswire-FirstCall/ -- VirtualHealth Technologies, Inc. (OTC Bulletin Board: VHGI) President Jim Renfro today announced that its wholly owned subsidiary, VHGI GOLD, LLC, has finalized its productions plans for both Treasure Gulch and Sun Gold mines with a 3 phase plan. Phase 1 entails further exploration, permitting, core sampling, and drilling work to better define the deposit and to formalize production plans moving forward. Phase 1 will commence immediately. Phase 2 and 3 will begin shortly thereafter with the hopes of being in full production by year end.

"Our immediate plan is for a small-scale production operation to commence immediately upon the issuance of a Minor Disturbance Permit, which we anticipate will allow the Company to generate 5 ounces of gold daily from each of the 2 mines. With production of 10 ounces of gold daily, revenues from this production will generate nearly $300,000 per month based on an average daily sell price of $1000 per ounce.

Also, as part of Phase I, we plan on taking approximately 100 samples from both underground and the surface for immediate outside lab evaluation. This will give us a way to evaluate potential values for small production purposes allowing us to initiate the National Instrument 43-101 efforts.

Assuming that our Phase I efforts proceed as planned and our lab evaluation confirm our current estimates, We will move into Phase 2, our Phase 2 objectives will be to achieve full commercial production in both mines within 9 months. Upon full completion of Phase 2 we anticipate that we will be able to produce up to 7,000 ounces of gold per year. Current gold reserve estimates for Treasure Gulch are 44,000 ounces and 170,000 ounces for the Sun Gold property," stated Renfro.

About VHGI and VHGI Gold

VHGI is a diverse company with assets and interests focusing on opportunities within the Healthcare

Technology Industry and Precious Metals Markets. VHGI Gold, a wholly owned subsidiary of VHGI has recently initiated steps to leverage the company's operating history and corporate resources within the Gold Mining Industry and intends to pursue these opportunities through Lease-Purchase opportunities, Acquisitions and Joint Ventures. Investors are invited to obtain information concerning our operations at http://www.vhgigold.com or by calling shareholder relations at 561-515-6035 or emailing info@dpmartin.com.

Safe Harbor Statement:

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 and any other statements not constituting historical facts are "forward-looking statements," within the meaning of and subject to the safe harbor created by 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, contingencies 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, contingencies and uncertainties detailed in the Company's SEC filings, which could cause the company's actual operating results, performance or business plans or prospects to differ materially from those expressed in, or implied by these statements. The Company undertakes no obligation to revise any of these statements to reflect the future circumstances or the occurrence of unanticipated events.

For Further Information:

Shareholder Relations - Communications 561-515-6035

SOURCE VirtualHealth Technologies, Inc.