VIPR Industries Inc.

VIPR Industries Inc.

August 04, 2008 02:30 ET

VIPR Industries Appoints Senior Geologist to Lead Gold and Uranium Exploration

TORONTO, ONTARIO--(Marketwire - Aug. 4, 2008) - VIPR Industries Inc. (PINK SHEETS:VIPR)(FRANKFURT:VIN) ("VIPR") is pleased to announce the appointment of geologist and geophysicist Mr. Jonas Mwano as Chief Senior Geological Consultant. Mr. Mwano will apply his extensive mineral exploration expertise and in-depth regional knowledge to lead the exploration and development of VIPR's gold and uranium properties in Tanzania.

Mr. Mwano brings to VIPR Industries deep knowledge of Tanzania's geology and mineral resource potential. A Geologist and Geophysicist with the Ministry of Energy and Minerals' Geological Survey of Tanzania, he has extensive experience in regional geological mapping and exploration particularly in Greenstone belts, as well as airborne geophysical data acquisition and ground geophysical exploration utilizing magnetometer, electromagnetic (TEM), gravity and Induced Polarization (IP) surveying. Mr. Mwano also contributed his expertise to the NDF Project conducted by the Geological Survey of Tanzania and Geological Survey of Finland (GTK) to identify priority areas with high mineral potential.

Mr. Mwano earned his Master of Science degree in Geophysics (M.Sc.) and Bachelor of Science degree from Tanzania's University of Dar es Salaam. He was awarded for his work on Integrated Interpretation of Airborne Geophysical Data and Satellite Images for Geological Mapping of the Kalenge Area, Biharamulo District, North-Western, Tanzania.

Mike Gerstner, President and CEO of VIPR Industries Inc., commented: "We are pleased that Jonas Mwano has chosen to contribute his considerable geological acumen and experience exploring Tanzania's mineral resources for the benefit of VIPR Industries. We believe his expertise will prove to be invaluable as we explore our Singida Gold Property and Itigi Manyoni Uranium Property and evaluate additional acquisitions in the area."

As announced last week, VIPR has completed the acquisition of its Singida Gold Property located directly adjacent to and along strike from Shanta Gold Limited's Singida Project where exploration drilling has identified an indicated resource of 543,000 ounces of gold valued at an estimated $500 million. VIPR has also closed the acquisition of the Itigi Manyoni Uranium Property where airborne radiometric surveys have identified uranium anomalies indicating strong potential for significant uranium mineralization.

The Geological Survey of Tanzania reports that Tanzania has significant potential for new discoveries as many commodities still are highly under-explored. Tanzania features excellent geological databases, good infrastructure, readily available exploration services and an attractive mineral policy. (Geological Survey of Tanzania, "Mineral Exploration in Tanzania", 2008)

About VIPR Industries Inc.

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

Cautionary "Safe Harbor" Statement: Under the Private Securities Litigation Reform Act of 1995. Some of the information included in this press release and other documents by VIPR Industries Inc. (as well as information included in statements made by its representatives, about information about the business it is engaged in or proposes to engage in or about acquisitions) may contain forward looking statements. Such statements may refer to other adjacent properties and company's and their announced / reported / released estimates. Although VIPR is encouraged from its property(s), there is no assurance that the same or similar results, or mineralization will be found on VIPR's property(s). Forward looking statements that do not relate strictly to historical or current facts, often will be phrased in the future tense and may include the words "may," "could," "should," "would," "believe," "expect," "anticipate," "estimate," "intend," "plan" or other words or expressions of similar meaning. Forward looking statements that relate to VIPR Industries Inc. ("VIPR") or its present or proposed business are based on VIPR's current beliefs and expectations about future events and include statements that reflect management's beliefs, plans, objectives, goals, expectations, anticipations and intentions with respect to VIPR's financial condition, results of operations, future performance and business, including statements relating to VIPR's business strategy and VIPR Industries current and future development plans. Factors that could cause actual results to differ materially from projections include, among others, precious metals prices, decisions and activities of the operator of the various properties, unanticipated grade, geological, metallurgical, processing or other problems the operator may encounter, changes in project parameters as plans continue to be refined, economic and market conditions, as well as other factors described elsewhere in this press release or any other filings submitted by VIPR. In addition, acquired royalty interests on certain projects are subject to risks associated with conducting business in a foreign country, including application of foreign laws to contract and other disputes, foreign environmental laws and enforcement and uncertain political and economic environments. Most of these factors are beyond the Company's ability to predict or control. The Company disclaims any obligation to update any forward-looking statement made herein. Readers are cautioned not to put undue reliance on forward-looking statements.

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