VIPR Industries Inc.
PINK SHEETS : VIPR

VIPR Industries Inc.

May 28, 2009 13:00 ET

VIPR Industries Provides Corporate Update

LAS VEGAS, NEVADA--(Marketwire - May 28, 2009) - VIPR Industries Inc. (PINK SHEETS:VIPR) ("VIPR") announces update on funding and projects.

Within the past quarter, VIPR Industries (the "Company") has received funding in various tranches and sizes from accredited investors with the expectations of further funds being received. The company is currently evaluating all options as it anticipates using most of its cash reserves towards further exploration on existing assets and possible acquisitions. In its most recent press release, the company indicated that it was attempting to identify further target zones for further exploration on its Singida-Londoni property in Tanzania. This information is currently being reviewed by the company and Geologists which also includes a budget brought forth towards the drafting of a possible NI 43-101 report on its Singida-Londoni property.

In addition, VIPR's Chief Operating Officer and Chief Geologist has recently brought to the attention of the company other potential acquisitions that may be in more advanced stages or possess significant potential. These prospective projects are located in other parts of the world, most notably within certain parts of South America where various countries are expected to have an estimated $40 Billion in exploration to be spent within the next several years. The Company expects a decision on its various options to be concluded in the very near term. In other developments, a recent proposal was made by VIPR to further its current position at the Mwamunguli Diamond Prospect. The offer was not accepted by the current license holder.

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 www.viprindustries.com.

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