VIPR Industries Inc. ("VIPR")(PINK SHEETS: VIPR) announces that it has executed a term-sheet for the acquisition of revenue producing Vancouver B.C. based Zereko Inc. and its highly touted proprietary IVAC Industrial unit. Some of Zereko's current clients include notable companies such as General Motors, Inco, and Falconbridge among several others.

VIPR Industries has been in the process of reviewing several potential companies as possible acquisition targets or joint venture partners to compliment its existing mining assets within the stable confines of Tanzania. The company decided that revenue producing Zereko Inc., a Vancouver B.C. based company and its proprietary IVAC Industrial Vacuum System called the PV500, would be an excellent fit as a potential partner and acquisition. Zereko is an established company in business for nearly 25 years. Zereko and its affiliated company's has sold several IVAC units to date too many notable companies such as General Motors, Inco, Falconbridge and several others. Their IVAC PV500 Industrial unit has been receiving increased global interest from many multi-national company's due to its many diverse applications.

The units can be utilized in applications such as mining, drilling, water treatment plants, slurries, oil spills, wood mills, pulp mills, marine applications such as barges and ships, and several other uses as its applications are continually evolving. On average, an IVAC unit retails between $50,000 and $75,000 per unit which has been receiving positive reviews and feedback from purchasers and contractors alike. Zereko is in the process of filing patents and trademarks.

Along with Zereko's Industrial IVAC System the company has assembled a successful construction contracting division which is also being discussed as part of the acquisition by VIPR Industries. The construction division holds much promise as it has already managed and successfully completed projects, large and small. VIPR intends on acquiring Zereko as a wholly owned subsidiary company. The term-sheet calls for an anticipated closing within 60 days should all terms be negotiated and agreed to by both sides. Certain conditions might call for VIPR to raise funds for the marketing of the IVAC as Zereko anticipates sales could multiply exponentially with an adequate marketing budget.

Mike Gerstner, President of VIPR Industries commented, "While in the exploration phases of our mining and resource properties, the Zereko acquisition would result in instant revenues for the company. We believe that both company's would greatly benefit from the proposed merger should both parties successfully agree on acceptable terms on a final closing agreement".

More Information on Zereko can be obtained by visiting its websites at:

http://www.industrialvacuumunit.com/,

http://www.zereko.com

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.

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

Contacts: VIPR Industries Inc. Investor Relations (416) 644-8648 Email: info@viprindustries.com Website: www.viprindustries.com