Calvista Gold Corporation

Calvista Gold Corporation

December 16, 2011 12:53 ET

Calvista Gold Announces Grant of Stock Options

TORONTO, ONTARIO--(Marketwire - Dec. 16, 2011) - Calvista Gold Corporation ("Calvista" or the "Company") (TSX:CVZ) announces the grant of a total of 1,759,000 stock options to certain officers, directors and employees of the Corporation pursuant to the Corporation's stock option plan. The stock options were granted effective December 15, 2011, exercisable at a price of $1.00 per common share and expire on December 15, 2016. The stock options vest as to one-third (1/3) on December 15, 2011, one-third (1/3) on December 15, 2012 and one-third (1/3) on December 15, 2013.

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 ( Calvista's Canadian regulatory filings can be found on SEDAR at

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