VIPR Industries Inc.
PINK SHEETS : VIPR

VIPR Industries Inc.

November 14, 2008 16:05 ET

VIPR Industries Moves Towards Due Diligence Phase Following the Granting of Two Primary Mining Licenses (PML) on Properties Located in the Geita Region, Tanzania

TORONTO, ONTARIO--(Marketwire - Nov. 14, 2008) - VIPR Industries Inc. ("VIPR") (PINK SHEETS:VIPR) announces that its recently announced exclusive LOI for the possible acquisition of 2 gold prospecting properties, located 20 km from the very lucrative Geita Gold Mine has been granted PML's (primary mining licenses) from the ministry of energy and mines as per section 95 of the mining act of 1998. The project is called the Geita North Project, located in the renowned Geita region of Tanzania. This region of Tanzania is known for possessing significant mines and discoveries owned and operated by several multinational mining companies.

The two properties are now categorized within the Ministry of Energy and Mines in Tanzania as PML (Primary Mining Licenses). Application number HQ-P15896 is now referenced by license numbers PL 5422/2008, an area of approximately 122.87 sq/km. Application number HQ-P15890 was also granted a PML which is also located in the Geita and Sangerema districts of Tanzania, an area approximately 81.92 sq/km. A third property noted in the LOI is also awaiting the granting of a PML which is expected shortly.

VIPR is now able to proceed with its due diligence towards a possible purchase of the properties. The company will be searching for any indicators that will give hope to the properties possibly possessing anomalies similar to the various big discoveries in the region. The property is located within a region of Tanzania possessing very significant mines and discoveries. The property is a mere 20 km from the Geita Gold Mine owned and operated by Resolute Ltd.; Ashanti Goldfields in a joint venture with AngloGold, and Barrick Gold Corp. where its cost of production is known to be $250 per ounce making it a very economically profitable mine.

About VIPR Industries Inc.

VIPR Industries Inc. is a precious metals exploration and development company focused on gold, uranium, and other precious metals 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 may contain forward looking statements. Forward looking statements 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. Readers are cautioned not to put undue reliance on forward-looking statements.

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

Contact Information