VIPR Industries Inc. ("VIPR") (PINK SHEETS: VIPR) announces that it has signed an agreement for a purchase of a possible third gold property in the rich Geita Region of Tanzania. The third property is located next to 2 properties previously disclosed in a prior press release by VIPR. This region of Tanzania is known for possessing significant mines and discoveries, owned and operated by several multinational mining companies.

The third property is categorized within the Ministry of Energy and Mines in Tanzania as HQ-15896 which lies directly adjacent to HQ-P15891 and HQ-P15890 respectively. The company decided to tie up the third property due to its close proximity to the two previously announced properties as well as the region that all properties are located in which is the rich Geita Region of Tanzania. The 3 properties are located within a region of Tanzania possessing very significant mines and discoveries. The 3 properties are a mere 20 km from the Geita Gold Mine owned and operated by Resolute Ltd; Ashanti Goldfields in a joint venture with AngloGold, and Barrick Gold Corp where its cost of production is known to be $250 per ounce making it a very economically profitable mine. Terms for a final agreement are being negotiated but are awaiting completion of a due diligence process and approval of the 3 licenses by the Ministry Of Energy and Mines. A map of the properties location can be viewed on the company's website.

The 3 properties are not classified by the Ministry Of Energy and Mines as Primary Mining Licenses (PML's) but are in the application process with the Ministry Of Energy and Mines for a Primary Mining License (PML). VIPR wishes to clarify that the prior release of the 2 adjacent properties made on October 29, 2008 was not accurate with its statement that the properties were Primary Mining Licenses. All 3 properties are in the application process, but expectations are high that they will all be shortly converted to PML's.

About VIPR Industries Inc.

VIPR Industries Inc. is a Nevada based precious metals exploration and development company focused on gold, uranium, and other precious metals 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.

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