Vior Inc.

Vior Inc.

July 07, 2010 15:47 ET

Closing of the Agreement Between Norvista and Vior

QUEBEC, CANADA--(Marketwire - July 7, 2010) - SOCIÉTÉ D'EXPLORATION MINIÈRE VIOR INC. (TSX VENTURE:VIO)(FRANKFURT:VL5)–Société d'exploration minière Vior Inc ("Vior") is pleased to announce the closing of the agreement announced June 4th with Norvista Resources Corporation (Norvista) and its CEO, Mr Gerry P. McCarvill.

Under the terms of April 28th agreement, Norvista has created a new company (Aurvista) that has made an initial payment of $1,500,000 to Vior to earn the right to a 25% interest in the Douay property ( including the Douay Ouest deposit). The new company undertakes to spend $2,500,000 in exploration work on the property within 18 months. Afterwards the new company shall have the option to earn an additional 25% interest upon a second payment of $1,500,000 to Vior. The new company will be the operator of the project.

This is conditional to the approval of the competent authorities.

Preliminary work for the coming drilling campaign will begin this July.

About aurvista

Aurvista Gold Corporation has interets in Quebec based mining claims and is engaged in early stage exploring as well as developing promising gold properties in Northern Quebec.

About Vior

Vior is a growing mining company focused on developing its properties.

The TSX Venture Exchange (TSX Venture) does not accept responsibility for the adequacy or accuracy of this Press Release.

Contact Information

  • Vior Inc.
    Claude St-Jacques - President
    SEDAR : Societe d'exploration miniere Vior inc
    Guy Brunet