Xemplar Energy Corp. (TSX VENTURE:XE)(FRANKFURT:E7R)(NAMIBIA:XEM) and Virginia
Energy Resources Inc. (TSX VENTURE:VAE) are pleased to announce that Virginia is
exercising its option to take a 100% interest in the Otish, Quebec uranium
property, under terms laid out in a July 25, 2008 option agreement between the
two companies (see August 12, 2008 News Release). 


The property package includes four claim blocks (Lorenz, Trident, Cigare and
Peribonka) totaling 52,549 hectares in 1052 CDC cells. Work by Virginia in 2008
and 2009 has identified several drill-ready uranium prospects including Lac du
Castor, Lac Tion, Lorenz Gully, Lac Tete and others (see Virginia News Releases
of May 11, September 16, September 21 and October 5, 2009). In addition, the
Peribonka property completely surrounds the small Lavoie property which hosts
the historic, high-grade Seru "L" zone uranium-gold deposit. Abitex Resources
Inc. is earning a 50% interest in Lavoie from AREVA Resources Canada and SOQUEM
Inc. On January 14, 2010, Abitex released 2009 drill results for Lavoie, and
confirmed that a resource estimate is being prepared. 


To complete the acquisition of a 100% interest in the Xemplar Otish property,
Virginia will deliver 1.2 million common shares to Xemplar, which will be
subject to a four-month hold period. The claims are subject to a 3% NSR Royalty,
of which half can be purchased by Virginia. 


The technical information in this news release has been reviewed by Michael S.
Cathro, P.Geo., Virginia's Vice-President of Exploration and a Qualified Person
as defined in National Instrument 43-101.


On behalf of the Board of Directors

Xemplar Energy Corp.

Simon Tam, CEO and Director

This news release shall not constitute an offer to sell or the solicitation of
an offer to buy securities in any jurisdiction.


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