VIPR Industries Inc.
PINK SHEETS : VIPR

VIPR Industries Inc.

December 01, 2010 09:22 ET

VIPR Industries to Commence Drilling Exploration Programme on Its Msangachuki-Londoni Gold Tenements

LAS VEGAS, NEVADA--(Marketwire - Dec. 1, 2010) - VIPR Industries Inc. (PINK SHEETS:VIPR) ("VIPR") announces it has made the decision to move towards a targeted drilling programme on its Msangachuki-Londoni, Singida Gold prospect property, located in Singida, Tanzania.

As a result of its recently completed MMI reconnaissance exploration programme and previous programmes performed on its Twenty Gold Concessions on its Msangachuki-Londoni, Singida Gold prospect property, and the recommendations of its Exploration Consulting Company (JICL Consulting), the company has made the decision to move forward with a targeted drilling programme.

JICL Consultants was sub-contracted to undertake previous programmes including the recently completed MMI programme. Exploration work during this most recent programme involved; Gridding, MMI geochemical sampling and assaying.

In the report presented to VIPR, JICL summarized its programme much in the same way as previous programmes save for some minor variances, recommending moving forward with a targeted drilling programme over the anomalous zones defined by both ground geophysics, conventional and MMI geochemistry to test for mineralization extension to depth. JICL further stated, anomalous zones defined by both geophysics and geochemistry are located within the interpreted mafic rock units and were also proximal to the lineaments (faults/shears) from the recent ground magnetic survey. Hence JICL further concluded a need for taking the samples at a deeper level, which can only be obtained by a RAB/DD/RC drilling programme.

The Company has initiated the process of sourcing out pricing and timeframes from a variety of third party exploration companies within Tanzania and other surrounding countries including JICL Consulting. Final decisions on an exploration company, timeframes and details of such a programme to be announced shortly after contract specifics are finalized. It is expected that such a drilling programme would most likely not commence until sometime in the first quarter 2011 due to scheduling conflicts from suitable exploration companies and various other factors. In addition to the anticipated drilling programme at Londoni, VIPR has been exploring various other potential property acquisitions within the local vicinity to compliment its existing Tanzanian Gold Tenements.

As well as focusing on its Gold and mining business, VIPR has been entertaining other business opportunities in other segments and industries, which it believes could potentially provide revenues in a shorter period of time and reduce any inherent risks that exist in the mining industry.

About VIPR Industries Inc.

VIPR Industries Inc. is a precious metals exploration and development company focused on Gold, Uranium, Diamonds and other precious metal resources and reserves through mergers, acquisitions and resource development.

Safe Harbor

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, general economic conditions, inherent mining risks, market conditions, 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 viprindustries.com/motion.asp?menuid=6266&lgid=1&siteid=100382.

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

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