Solvista Gold Corporation

Solvista Gold Corporation

August 21, 2012 16:30 ET

Solvista Gold Announces Resignation of Directors

TORONTO, ONTARIO--(Marketwire - Aug. 21, 2012) - Solvista Gold Corporation ("Solvista" or the "Company") (TSX VENTURE:SVV)(OTCQX:SVVZF) announces that Mr. Ruben Shiffman and Mr. Andres Restrepo Isaza have resigned as directors of the Company effective August 21, 2012 in order to pursue other interests. The resignations were accepted by the Board of Directors today.

Messrs. Shiffman and Isaza were founding directors of Solvista and played an instrumental role in the Company's initial financing and its going public transaction in May 2011. "Ruben and Andres were thoughtful contributors in the Board room, offering strategic advice on key decisions and helped expand the Company's network of stakeholders", said Solvista's President and CEO Miller O'Prey. He continued, "on behalf of the Company and its Board of Directors, we would like to thank Ruben and Andres for their exemplary service during their tenure and we wish them continued success in all their future endeavours."

The Board does not intend to seek any new directors to fill the vacancies caused by Messrs. Shiffman's and Isaza's resignations as its current composition will have no impact on the Board's independence or its ability to carry out its duties with the best interests of the Company in mind. The Board is now currently comprised of six directors, namely Gerald McCarvill (Chair), Miller O'Prey, Donald Christie, G. Edmund King, Gary Barket and Roger Easterday.

About Solvista

Solvista is a gold exploration company with two projects, Caramanta and Guadalupe. These projects cover approximately 60,000 hectares in the Antioquia province of Colombia, a region rich in historic gold mining tradition and where several new gold discoveries have recently been made. Solvista is well funded and will complete a 10,000 metre drill programme during 2012. Solvista's head office is located in Toronto with its Colombian headquarters located in Medellín. For further details on Solvista, its management team and its projects, please refer to Solvista's website (

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