VIPR Industries Inc.

VIPR Industries Inc.

November 11, 2008 16:00 ET

VIPR Industries Narrows Potential Acquisition and/or Joint Venture Prospects

TORONTO, ONTARIO--(Marketwire - Nov. 11, 2008) - VIPR Industries Inc. ("VIPR") (PINK SHEETS:VIPR) announces that it is narrowing potential acquisition and/or joint venture prospects and that it anticipates a closing on one if not more very shortly.

VIPR has been carefully evaluating several potential mining asset purchases and/or joint venture opportunities that the company believes will add significant value to its future prospects. Although the company has recently announced LOI's on properties located within the Geita region of Tanzania that have strong discovery potential, the company has subsequently been evaluating other prospects which have led into serious confidential discussions with other third parties which VIPR believes are significant potential property acquisitions at more advanced stages of development. These discussions have not been disclosed due to all parties wishing to maintain confidentiality. Although the company's present prospects have resulted in positive initial exploration data giving credence to much further exploration activities, it is VIPR's goal to not just build value through exploration of its existing properties, but to possibly acquire assets that are at more advanced stages of development as well as diversifying into other related value added businesses. Should an acquisition be completed it will then quickly evaluate which prospective property or business should have the company's main focus for further exploration and/or mining activities due to its resource capabilities.

About VIPR Industries Inc.

VIPR Industries Inc. is a precious metals exploration and development company focused on Gold, Uranium, and other 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. 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. 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, 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.

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