Calvista Gold Corporation
TSX : CVZ

Calvista Gold Corporation

September 21, 2011 09:00 ET

Board of Directors of Calvista Announce Board Change

TORONTO, ONTARIO--(Marketwire - Sept. 21, 2011) - Calvista Gold Corporation ("Calvista" or the "Company") (TSX:CVZ) announces that effective September 21, 2011, Ruben Shiffman will step down as Vice-Chairman and replace the Hon. Brian Tobin as the Chairman of the board of directors (the "Board") of the Company. Mr. Tobin will remain as a director of Calvista.

"Ruben has been a vital member of Calvista and played a critical role in the negotiations securing the lease interests of the Company in Colombia", noted Mr. Tobin. He continued, "His qualifications, fluency in Spanish and public company experience equip him with the necessary leadership tools to lead Calvista's Board."

Dr. Shiffman is currently a director of Solvista Gold Corporation and Chairman of the Advisory Committee of Oremex Silver Inc., both TSX-V listed companies. Ruben was also Managing Director of Emerging Markets trading at Scotia Capital in Toronto. Prior to that, he was VP/Director for Latin America and Caribbean trading at TD Securities and represented the Mexican MOF/CNBV for over three years on a permanent committee at the Bank for International Settlements in Basle, Switzerland. Mr. Shiffman holds two national research awards, has a BBA and MBA from UDLA, a Ph.D in finance from Mexico National University (UNAM) and completed post-doctoral studies at the Rotman School of Management at the University of Toronto.

Dr. Shiffman said "On behalf of the Board, I would like to thank Brian for the enormous contribution he has made to Calvista during his time as Chairman, which dates back to the inception of the Company and includes Calvista's initial public offering."

In addition to the Board change, Calvista is pleased to announce the hiring of Ricardo Valls M.Sc., P.Geo., as Vice President, Exploration, focused on Calvista's California Project. Ricardo is a professional geologist with over 25 years of experience in the mining industry, with extensive geological, geochemical and managerial skills, and a solid background in research techniques and training of technical personnel. Mr. Valls' experience includes regional reconnaissance, local mapping, diamond drilling and RC-drilling programs, open pit and underground mapping and sampling, and geochemical sampling and interpretation. Ricardo is a Professional Geologist (P.Geo.) registered in the provinces of Ontario and Quebec.

About Calvista

Calvista is a mineral exploration company focused on the acquisition, exploration and development of properties for the mining of gold and other minerals. Calvista was founded by and was initially a subsidiary of Norvista Resources Corporation, a private resource-oriented merchant bank based in Toronto. Calvista's California property is comprised of eleven mining titles grouped into six non-contiguous blocks located in the California mining district, Department of Santander, in Colombia. Calvista is well funded and led by a management team with over 45 years of exploration and mining experience, principally in South and Central America. Calvista's head office is located in Toronto with its Colombian headquarters located in Bucaramanga. For further details on Calvista, its management team and its project, please refer to Calvista's web site (www.calvistagold.com). Calvista's Canadian regulatory filings can be found on SEDAR at www.sedar.com.

Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Contact Information