VHGI Gold Appoints Senior Mining Engineer to its Team

Jan 19, 2011, 08:30 ET from VHGI Holdings, Inc.

FT. WORTH, Texas, Jan. 19, 2011 /PRNewswire/ -- VHGI Holdings, Inc. (OTC Bulletin Board: VHGI) and VHGI Gold, LLC, its wholly-owned operating subsidiary, announce today that they have added a seasoned mining engineer / geologist to the operating team for their Sun Gold Project between Prescott and Mayer, AZ. U.S.A.  

"We interviewed several potential candidates prior to selecting Mr. Peter Herrera. Our final decision was based on his extensive engineering and geological experience spanning over 30 years in the mining industry," said Mr. Eric Leonetti, Vice President / COO of VHGI Gold.  Mr. Leonetti went on to say, "With the addition of Mr. Herrera, I believe we have added an integral piece to our team and I look forward to working closely with him in the coming months."

In addition to retaining Mr. Herrera the company is currently preparing to complete the interview process with a select group of geologists and hope to announce the retention of this individual in the immediate future and thus complete its exploratory mining team.

Mr. Jim Renfro, President of VHGI Gold added, "We are proud to add Mr. Herrera to our team and believe  that with him on board our ability to move forward with the exploratory process, toward our goal of establishing a commercial mining operation, is that much closer."

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.

"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.

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.

For Further Information:

Shareholder Relations – Communications   561-515-6035

SOURCE VHGI Holdings, Inc.