LEXINGTON, Ky., Nov. 30 /PRNewswire-FirstCall/ -- Virtual Health Technologies, Inc. (OTC Bulletin Board: VHGI) today confirmed that VHGI Gold, a wholly owned operating subsidiary of VHGI, has successfully negotiated a modification to the Treasure Gulch Gold Mine Lease Purchase Option.

"We have negotiated an extension through February 15, 2013 for VHGI to conduct gold mining activities at the site, and have also secured renewal options through 2023," stated Jim Renfro, President of VHGI. "Additionally, we have been granted a reduction in the strike price for the outright acquisition of the property through our Lease-Purchase Option. As there is an additional incentive to acquire the property within six months, we intend to explore financing options to complete this transaction subject to due diligence and feasibility studies. "

In a related announcement, VHGI announced that they expect to release news shortly concerning appointments to a VHGI Gold Advisory Board to help the company develop these and other projects.

Treasure Gulch Gold Mine Development

VHGI Gold is presently making arrangements for due diligence and ore sampling evaluation to determine a plan for development of the Treasure Gulch Gold 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. "With gold currently trading at an all time high, VHGI is looking to capitalize on the potential value of the Treasure Gulch Lease-Purchase Option and other opportunities," stated Renfro. "I look forward to putting our mining experience and business background to profitable use for VHGI Gold."

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.

About VHGI Gold

VHGI is leveraging the company's operating history and corporate resources within the Gold Mining and Precious Metals Industry through the creation of VHGI Gold. Although Gold is selling at an all time high, 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.

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. Virtual Health 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.

For Further Information:

Shareholder Relations - Communications 859-514-6982

SOURCE Virtual Health Technologies, Inc.

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http://www.vhgigold.com