VIPR Industries Inc.

VIPR Industries Inc.

March 02, 2009 10:46 ET

VIPR Industries Closes on Purchase Agreement, Acquires 10 Data Bearing Gold Mining Licenses Located in Singida Region, Tanzania

LAS VEGAS, NEVADA--(Marketwire - March 2, 2009) - VIPR Industries Inc. ("VIPR") (PINK SHEETS:VIPR) announces it has closed and acquired 10 gold mining licenses within the Singida region of Tanzania, as previously announced. The 10 licenses are subject to Section 95 of the Mining Act of 1998.

The property is situated at the Msangachuki village in the Singida region, north east of Singida town in Tanzania and referenced as QDS 123/3. The property is situated within the Londoni greenstone belt, next to Shanta's Singida project, drilling results have intersected up to 2 meters @ 512 g/t and results indicate a significant gold resource of over 543,000 oz.

The acquisition is accompanied with what the company perceives to be pertinent data and documentation. VIPR signed an option to swap its original Singida property in exchange for the 10 Londoni licenses with no further consideration to be paid, but retains its option and a right of first refusal on its original Singida concession.

JC Barbeck, President and CEO of VIPR Industries commented, "The acquisition by the Company was mainly due to the company's perceived quality of the data and of the gold mineralization potential of the area as well as the potential to significantly expand its position in the area". Mr. Barbeck further commented, "With this acquisition, we believe the company is now in a better position to secure its phase II of exploration financing."

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This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding discussion, the words "pleased" "plan," "confident that," "believe," "expect," or "intend to," and similar conditional expressions are intended to identify forward looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the Company's products, competitive factors, the ability to successfully complete additional financings and other risks described in the Company's filings and website, which all investors are advised to view at

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