Vior Announces Agreement in Principle With Aurvista Gold

QUEBEC CITY, QUEBEC -- (Marketwire) -- 02/04/11 -- SOCIETE D'EXPLORATION MINIERE VIOR INC. (TSX VENTURE: VIO) (FRANKFURT: VL5) announces that it has entered into a letter agreement with Aurvista Gold Corporation ('Aurvista') in connection with the acquisition by Aurvista of a 100% ownership interest in the Douay property, located in the Abitibi region of Quebec. Vior currently has a 75% ownership interest in the Douay property while Aurvista has a 25% ownership interest.

The term sheet sets out that Vior and Aurvista will enter into a definitive agreement, which will provide as follows:

--  In order to acquire an additional 25% ownership interest in the Douay
    property, thereby bringing its total interest in the property to 50%,
    Aurvista must pay $1.5 million to Vior within a period of 60 days from
    the execution of the letter agreement. Aurvista expects to fund the $1.5
    million payment with the proceeds of a proposed private placement.
--  In order to acquire an additional 50% ownership interest in the Douay
    property, thereby bringing its total interest in the property to 100%,
    Aurvista must issue a minimum of 21.25 million shares to Vior. After
    this share issuance, it is expected that Aurvista will have
    approximately 44.5 million shares issued and outstanding.
--  Aurvista will undertake to spend at least $3 million in exploration on
    the Douay property by December 31, 2011.
--  Aurvista will use its best efforts to complete an initial public
    offering and obtain a stock exchange listing by August 1, 2011. It is
    expected that Aurvista will issue a minimum of 2 million shares in its
    initial public offering at a price of $1.00 per share, for minimum gross
    proceeds to Aurvista of $2 million. As a result, the Aurvista shares
    held by Vior will have an aggregate market value of approximately $21.25
    million. In all circumstances, the Aurvista shares to be issued to Vior
    at the closing of the transaction must have an aggregate market value of
    at least $20 million and the number of Aurvista shares to be issued to
    Vior shall be adjusted accordingly.
--  For a period of three years, Vior will be entitled to either one or two
    nominees on the Board of Directors of Aurvista, depending on the
    percentage of Aurvista shares held by Vior.
--  For so long as Vior holds at least 10% of Aurvista's issued and
    outstanding shares, Aurvista will have the right to exercise the voting
    rights attached to all shares of Aurvista held by Vior; and Vior will
    have the right to exercise the voting rights attached to all Vior shares
    held by Aurvista. At present, Aurvista holds approximately 5.7% of
    Vior's outstanding shares.
--  For so long as Vior holds at least 10% of the issued and outstanding
    shares of Aurvista, in the event that Aurvista issues shares or
    securities convertible into shares, whether by way of public offering or
    private placement, Vior will have the right to participate in such
    financing so as to maintain its pro rata ownership of shares of
    Aurvista, having regard to the percentage of shares of Aurvista owned by
    Vior prior to such financing.
--  For a period of two years, in the event that Vior wishes to sell
    Aurvista shares held by it, Vior must first offer Aurvista a reasonable
    opportunity to find one or more buyers for the shares.
--  For a period of one year, Vior cannot distribute Aurvista shares held by
    it to Vior's shareholders, whether by way of dividend or otherwise.

It is expected that the Aurvista shares issued to Vior at the closing of the transaction will be subject to escrow in accordance with applicable Canadian securities regulations. It is Vior's intent to distribute to its shareholders a maximum number of the Aurvista shares received by Vior under this transaction within a delay of one year following their complete release from escrow.

The transaction between Vior and Aurvista is subject to a number of conditions, including the negotiation and signing by Vior and Aurvista of a definitive agreement or agreements, approval by Vior's shareholders, the completion of a private placement and initial public offering by Aurvista, the obtaining by Aurvista of a stock exchange listing, and regulatory approval. If the closing of the various transactions does not occur by August 1, 2011, either party has the right to terminate the transaction. Vior shall also have the right to terminate the transaction should Aurvista fail to make the $1.5 million payment to acquire an additional 25% ownership interest in the Douay property within the required 60 day delay.

Profile

Vior is a growing mining company focused on developing its properties. The company owns a 75% participating interest in the Douay Ouest gold project and other mineral properties.

The TSX Venture Exchange (TSX Venture) does not accept responsibility for the adequacy or accuracy of this Press Release.

Contacts:

Vior Inc.

Claude St-Jacques - President

418-692-2678
cstjacques@vior.ca


Vior Inc.

Marc L'Heureux - Vice-president Exploration

418-692-2678
mlheureux@vior.ca
www.vior.ca

SEDAR : Societe d'exploration miniere Vior inc.