VIPR Industries Inc.
PINK SHEETS : VIPR

VIPR Industries Inc.

March 23, 2010 12:42 ET

VIPR Industries Announces Results of Its Pitting, Trenching and Ground Magnetic Survey Exploration Program on Its Msangachuki-Londoni Gold Tenements

LAS VEGAS, NEVADA--(Marketwire - March 23, 2010) - VIPR Industries Inc. (PINK SHEETS:VIPR) ("VIPR") announces results of its recently completed reconnaissance exploration programme performed on its Twenty Gold Concessions on its Msangachuki-Londoni, Singida Gold prospect property, located in Singida, Tanzania.

JICL Consultants, a well known and respected firm providing mining and exploration services in Tanzania was sub-contracted to undertake this work which commenced in December of 2009, and recently completed in late February. Exploration work during this phase involved; Gridding, detailed geological mapping, soil sampling, Pitting, Trenching, Ground Magnetic Survey and assaying. The soil sampling, pitting and trenching programme that were completed were performed on the property to test for the presence of geochemical anomalies. Geochemical sampling was conducted in conjunction with regorith mapping and all samples were taken to Humac laboratory for analysis. Geochemical pattern is presented in figure 2 of the JICL report which can be viewed on the report posted on our website. Ten pits and three trenches were excavated in selective areas within the licenses.

"Humac Laboratories Tanzania Ltd is a Commercial Laboratory, subsidiary of the world's famous Stewart Group Global. They do gold geochemical & assay testing, mineralogical, metallurgical and environmental analysis. Their analytical procedures are accepted internationally and recognized as being one of the foremost umpire laboratories in the world." 

The objectives of the pitting and trenching were;

• To provide additional sampling and geological data on anomalies defined by ground geophysics,

• To study the overburden thickness,

• Assist in the interpretation of the structure(s) and to expose any concealed geology (if any) underneath the overburden,

• Give understanding of gold mineralization for the underneath excavated material,

Pitting and trenching work exposed a thick, pervasive overburden generally comprising fine grained red brown to orange brown silt sand at the top, followed by gravelly silt and ferricrete intercalated with silcrete. A total of thirty two soil samples and eighteen samples from pits and trenches were collected and dispatched for assaying at Humac laboratory in Mwanza, results of which are presented in figure 2 in its report which can be found and viewed on the company's website.

All 50 consolidated samples (soils, pits and trenches) were crushed, with a rifle split of 500g and pulverized to –150 mesh. The analytical method used for gold was 50g fire assay with a 0.01 ppm detection limit. Thirty samples out of fifty samples returned consistently background results below the detection limit of 0.01ppm gold. Other samples returned gold values including 0.01 g/t, 0.02g/t, 0.05g/t, 153.75g/t, 195.00g/t and 223.75 g/t Au. The reason for the background values could be possibly due to the thick nature of the overburden, which masks the gold dispersion from the bedrock. Another reason could be the high gold detection limit which was limited to 0.01 g/t Au. A repeat of analyses at a different laboratory is recommended for all samples (retained pulps) using a minimum detection limit of 0.001 g/t (1ppb) Au. The three very anomalous Au values were initially thought to be spurious, but pulp checks were re-assayed and returned consistently similar high grade Au values.

In the report presented to VIPR, JICL summarized its programme, recommending moving forward with a drilling programme over the anomalous zones defined by geochemistry to test for mineralization extension to depth. Both the anomalous soils and pit samples are located within the interpreted mafic rock units and also are proximal to the lineaments (faults/shears) from the recent ground magnetic survey. It seems the overburden has affected gold dispersion in the soils compared to the results in the pits and trenches where several values are anomalous. Hence there is a need for taking the samples at a deeper level, which can only be obtained by a RAB/DD/RC drilling programme.

In addition to the Pitting and Trenching programme, the Company has been looking at various other property acquisitions within the local vicinity to compliment its existing Tanzanian Gold Tenements, which it hopes to close on in the near term.

Javan Enock, Managing Director and Chairman of JICL Consultant commented "The reconnaissance phase has positively paved the way to prioritization of the prospect's anomalous zones and marked drill targets. We are confident that a drilling programme will critically define mineralized zones to depth consequently identifies inferred resources. The mineralization nature which seems to highly concentrate in quartz veins, silicified, chloritized and sheared greenstone rocks will be investigated down-hole to depths of 100m".

JC Barbeck, President and CEO of VIPR Industries commented, "We are pleased at the positive results exhibited by JICL's recently completed programme which is a continuation from previous exploration programmes and results received. The report indicates that a RAB/DD/RC drilling programme is recommended which the company would be eager to commence. However, prior to finalizing any decisions on the next phase of exploration, the company made the decision to consult and take the recommendations of various other third party North American firms to review the JICL data." Mr. Barbeck further commented, "The area has been proven to be positive for various other international mining companies, currently operating in this region, which includes companies such as Shanta Gold and Kilimanjaro mining, all within the immediate vicinity."

About VIPR Industries Inc.

VIPR Industries Inc. is a precious metals exploration and development company focused on Gold, Uranium, Diamonds and other precious metal resources and reserves through mergers, acquisitions and resource development.

Safe Harbor

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding discussion, the words "pleased," "plan," "confident that," "believe," "expect," or "intend to," and similar conditional expressions are intended to identify forward looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, general economic conditions, inherent mining risks, market conditions, competitive factors, the ability to successfully complete additional financings and other risks described in the Company's filings and website, which all investors are advised to view at viprindustries.com/motion.asp?menuid=6266&lgid=1&siteid=100382.

For more information please visit http://www.viprindustries.com

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