Solvista Gold Corporation

Solvista Gold Corporation

July 15, 2011 09:00 ET

Board of Directors of Solvista Gold Corporation Announce Management Changes

TORONTO, ONTARIO--(Marketwire - July 15, 2011) - Effective July 15, 2011 Solvista Gold Corporation (TSX VENTURE:SVV) announces that Miller O'Prey will replace Michael D. Johnson as President and CEO of Solvista Gold Corporation ("Solvista") and as a member of the Board of Directors of Solvista.

Mr. O'Prey was previously COO of Solvista and is based out of Solvista's Colombian office in Medellin. He is a professional geologist with over 10 years of experience in precious and base metals exploration, having worked in a variety of geological and geopolitical environments. Mr. O'Prey moved to Colombia in 2005 in order to setup the operations of AIM listed Cambridge Mineral Resources. A subsequent move to Grupo de Bullet S.A. ("Bullet") in 2008, saw him oversee the initial exploration work on a number of Bullet properties including Guadalupe, which was purchased by Solvista in 2010 from Bullet, as well as those properties that constitute the property portfolio of TSX listed Continental Gold Limited. In August 2010, Miller joined Solvista to manage the follow-up exploration at both the Guadalupe and Caramanta properties as a Qualified Person under NI-43-101 regulations. Mr. O'Prey holds a Bachelor's of Sciences degree in Geology (Honours) from Queens's University of Belfast and a Master's of Sciences degree in Mineral Exploration from the University of Leicester.

In addition, Solvista is pleased to announce that it has formed a new Technical Advisory Committee designed to draw upon the geological expertise of its 9.9% shareholder, Kinross Gold Corporation.

The board of directors of Solvista would like to extend their warmest thanks to Michael Johnson for all the hard work he has put in over the past year and wish him success with Calvista Gold Corporation (TSX:CVZ), where he has been appointed President and CEO.

About Solvista

Solvista is an early-stage exploration company with two gold projects covering approximately 75,000 hectares in the Department of Antioquia in Colombia. Solvista is well funded and led by a management team with over 45 years of exploration and mining experience, principally in South and Central America. Solvista's head office is located in Toronto with its Colombian headquarters located in Medellin. For further details on Solvista, its management team and its projects, please refer to Solvista's web site ( Solvista's Canadian regulatory filings can be found on SEDAR at

CAUTIONARY STATEMENT: This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, Solvista's objectives, goals or future plans, the timing and the of completion of the Financing, the receipt of TSX-V approval in respect of the Financing, the timing of the commencement of trading of Solvista's shares on the TSX-V, statements regarding the estimation of mineral resources, exploration results, potential mineralization, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to convert estimated mineral resources to reserves, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in Solvista's public documents filed on SEDAR. Although Solvista believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Solvista disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) 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.

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