VIPR Industries Inc.
PINK SHEETS : VIPR

VIPR Industries Inc.

December 10, 2009 08:01 ET

VIPR Industries Commences Reconnaissance Exploration, Pitting and Trenching on Its Misangachuki Singida-Londoni Gold Prospect Property, Tanzania

LAS VEGAS, NEVADA--(Marketwire - Dec. 10, 2009) - VIPR Industries Inc. (PINK SHEETS:VIPR) ("VIPR") announces its has finalized and executed an exploration contract with JICL Consulting to quickly commence reconnaissance exploration, which includes pitting and trenching on its Misangachuki Singida-Londoni Gold property, located in Tanzania, a property defined by 20 concessions.

Various delays were subsequently resolved, enabling the company to move forward with its long anticipated exploration plans and the contracting of JICL Consulting, a well respected, highly qualified Tanzanian exploration company. Funds have been forwarded to VIPR's Tanzanian attorneys who are to manage payment to JICL. Work is slated to begin within 1 to 3 weeks culminating with the arrival of equipment and personnel. Depending on factors such as weather, with the rainy season approaching, access to specialized equipment and key personnel, completion is estimated to be within a timeframe between 60 to 120 days, which includes delivery of a final report on results. Depending on various factors, the size and scope of the project can be increased allowing for additional holes and data samples to be ascertained. Previous results were positive indicating a need for further exploration, but were not sufficient in allowing for a feasible drilling program, required to prove out an advanced stage exploration project possessing resources at economic grades with strong expansion potential

The exploration work through JICL will cover the following:

  • 25 initial soil samples are to be collected.
  • There are 20 adjoining blocks to be surveyed, covering an area of 2 sq km
  • Reconnaissance mapping is to cover all concession blocks on a scale of 1:5000
  • Line cutting shall be spaced at 400m (N-S) with a 400m pattern
  • Soil sampling is estimated to be carried out over a 400m X 400m grid patterns
  • Pitting alternating with trenching will be carried out systematically on 400m line spacing and 400 m station spacing. A minimum of 10 pits and 10 trenching are to be achieved
  • Rock chipping will be carried out on outcrops and in working based on mapping results

JC Barbeck, President and CEO of VIPR Industries commented, "We are pleased and eager to commence the current phase of exploratory work which is a continuation from previous positive results. The company is hopeful and optimistic on obtaining additional positive data, which if such results are again received will be utilized to isolate target zones for a possible subsequent drilling program, the most likely next phase of exploration in the company's efforts to prove out tangible economic reserves. The area has proven to be rich in mineral content and lucrative for other international mining company's currently operating in this region which include company's such as Shanta Gold, National Gold Exchange Ltd, Sumbaru Mining Group Ltd. and many others all located within the immediate vicinity."

Javan Enock, President of JICL Consulting commented "The JICL technical team is confident that exploration works in this phase will positively prioritize and identify highly mineralized zones and possibly define more resources to the Company in addition to previous results. Based on geological evidence, Au - mineralization trend seems to highly concentrate in quartz veins, silicified, chloritized and sheared greenstone rocks that are believed to be enclosed by Precambrian granites. The planned detailed ground magnetic geophysics, sampling program and geological mapping, are regarded as a strong tool to define highly rich zones as drilling targets".

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 www.viprindustries.com.

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