VIPR Industries Inc.
PINKSHEETS : VIPR

VIPR Industries Inc.

February 28, 2012 16:31 ET

VIPR Industries Provides Update and Changes to Management Team

LOS ANGELES, CALIFORNIA--(Marketwire - Feb. 28, 2012) - VIPR Industries Inc. (PINKSHEETS:VIPR) -

VIPR Industries remains committed to developing its Singida-Londoni gold prospect property, located in Tanzania. Additional exploration programmes have experienced unexpected delays due to various factors. Adding to the recent challenges has been rules implemented by various clearing firms in 2011 for the depositing of certificates for small micro cap companies, which the company is attempting to address and will provide updates on.

In other developments, VIPR announces the resignation of Mr. JC Barbeck who tenured his resignation during the prior quarter to pursue other interests. The company is pleased to announce the appointment of Mr. Bob Bandfield, 67 years of age, a well respected entrepreneur, businessman and advisor to other past successful companies as the company's new President and CEO. Mr. John Riccio remains as CFO and director. The company's new management team is working towards appointing other key management additions in the near term to coincide with other on-going discussions and strategies to move the company forward. The company wishes to thank Mr. Barbeck for his work and devotion during his tenure with VIPR.

About VIPR Industries Inc.

VIPR Industries Inc. is a precious metals exploration and development company focused on gold, 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 "attempting", "working". "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.

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