Virtus Oil and Gas Corporation has entered into an agreement with an undisclosed seller to acquire an additional 18,000 acres in Iron County, Utah. The transaction expands Virtus' footprint to 55,477 acres focused on the Parowan Prospect, in the Central Utah Overthrust (CUO) region of southwestern Utah.

Following the Gustavson Associates technical report published on the property last month, Virtus directors agreed the characteristics and attributes of the acreage block appropriately fit the Company's mission of acquiring and developing assets with significant exploration and development potential.

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