Earlier today, we noted of what looked to be the impending cancellation of this year’s Virgin Mobile Festival. However, just a few hours later, Jayne Wallace, director of corporate communications for Virgin Mobile, has revealed to the Baltimore Sun that the Baltimore based music festival is in fact scheduled to return this summer. “Nothing in life is definite…But for all intents and purposes, we fully expect to hold another festival. We have some exciting ideas we’re looking at,” Wallace explained.

No additional details were given, such as dates, or where Virgin Fest would be taking place – there is some speculation that Pimlico, the festival’s current venue, may be demolished in the coming months. As a result, according to the Baltimore Business Journal, the festival may be eying a move to to Columbia, Maryland’s 17,000-seat Merriweather Post Pavilion.

As for possible acts for this year’s bill? As reader Tom G pointed, there is some speculation that Metallica could be a possibility. It’s probably safe to say Coldplay, the Beastie Boys, and some Virgin-approved acts like Muse and Franz Ferdinand are others potential acts given their appearance/likely appearance at other U.S. festivals in early August, all of which is contingent of course on Virgin Festival actually taking place in its usual early August slot.

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As always, we’ll keep you updated…