VIPR Industries Inc.
PINK SHEETS : VIPR

VIPR Industries Inc.

September 17, 2008 09:45 ET

Positive Phase I Exploration Results Persuades VIPR Industries to Exercise Its Option and Increase Its Position at Singida

TORONTO, ONTARIO--(Marketwire - Sept. 17, 2008) - VIPR Industries Inc. ("VIPR") (PINK SHEETS:VIPR) announces that due to the positive and encouraging Phase I Exploration results obtained in its acquisition from Kinti Group, it has exercised its option and increased its property rights at Singida by combining its existing Mining License (ML) rights with an additional 8 Mining Licenses and Concessions. Its property has now been increased from 75 hectares to 128 hectares in size. The 16 mining licenses have subsequently been amalgamated into 1 (one) Mining License by the Tanzanian Ministry of Energy and Mines. The new amalgamated mining License number is ML309/2008.

VIPR acquired the rights to the additional Singida Gold Licenses and Concessions from Kinti Group Inc., a Toronto, Ontario, based private company for an additional 2,000,000 shares and cash. A cash component of $50,000 is required to be paid of which $20,000 has thus far been advanced. The remaining amount to be paid is to be advanced once Kinti completes the license transfer with the Tanzanian Ministry of Energy and Mines. The property is located adjacent to the Shanta Gold Deposit. Shanta results have thus far indicated a Gold Resource in excess of 543,000 ounces, of which 330,000 ounces have been classified as a measured resource and 127,000 ounces as an indicated resource according to Shanta and GeoLogix MRC (Pty) Ltd. (at a 0g/t cutoff).

After receiving positive data from its phase I Exploration program on its recently announced grab / Soil Sample Report, the company decided to exercise its option to purchase the rights to the additional licenses as it believes a strong potential exists for similar anomalies when compared to the adjacent Shanta property, eventually allowing for possible open put mining as is the case with the Shanta property. VIPR purchased the assets which are classified as actual mining licenses, (NOT Prospecting Licenses) which will allow the company to fast track any planned future exploration or mining activities on the properties. The Company is in the planning stages on its next phase of exploration.

About VIPR Industries Inc.

VIPR Industries Inc. is a precious metals exploration and development company focused on gold, uranium and other high quality precious metal resources and reserves through mergers, acquisitions and resource development.

Cautionary "Safe Harbor" Statement: Under the Private Securities Litigation Reform Act of 1995. Some of the information included in this press release and other documents by VIPR Industries Inc. (as well as information included in statements made by its representatives, about information about the business it is engaged in or proposes to engage in or about acquisitions) may contain forward looking statements. Such statements may refer to other adjacent properties and company's and their announced / reported / released estimates. Although VIPR is encouraged from its property(s), there is no assurance that the same or similar results, or mineralization will be found on VIPR's property(s). Forward looking statements that do not relate strictly to historical or current facts, often will be phrased in the future tense and may include the words "may," "could," "should," "would," "believe," "expect," "anticipate," "estimate," "intend," "plan" or other words or expressions of similar meaning. Forward looking statements that relate to VIPR Industries Inc. ("VIPR") or its present or proposed business are based on VIPR's current beliefs and expectations about future events and include statements that reflect management's beliefs, plans, objectives, goals, expectations, anticipations and intentions with respect to VIPR's financial condition, results of operations, future performance and business, including statements relating to VIPR's business strategy and VIPR Industries current and future development plans. Factors that could cause actual results to differ materially from projections include, among others, precious metals prices, decisions and activities of the operator of the various properties, unanticipated grade, geological, metallurgical, processing or other problems the operator may encounter, changes in project parameters as plans continue to be refined, economic and market conditions, and the inability to raise adequate capital as well as other factors described elsewhere in this press release or any other filings submitted by VIPR. In addition, acquired royalty interests on certain projects are subject to risks associated with conducting business in a foreign country, including application of foreign laws to contract and other disputes, foreign environmental laws and enforcement and uncertain political and economic environments. Most of these factors are beyond the Company's ability to predict or control. The Company disclaims any obligation to update any forward-looking statement made herein. Readers are cautioned not to put undue reliance on forward-looking statements.

For more information please visit (http://www.viprindustries.com/).

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