IGO.A Intergold Ltd

Visant Corporation and Intergold Ltd. (TSX VENTURE:IGO.A) jointly announce that
Visant and Intergold have entered into a pre-acquisition agreement (the
"Agreement") pursuant to which Visant will, subject to certain customary
conditions, make a cash offer to acquire all of the issued and outstanding
common shares of Intergold. Visant intends to make the offer through a newly
incorporated, wholly owned subsidiary of its Jostens, Inc. subsidiary. Visant
has agreed to offer $0.16 (Cdn) per common share (the "Offer").


The closing price of Intergold common shares on the last day it traded was
$0.025 per share. The Offer will not be conditioned on any financing and will be
funded through cash on hand and Visant's existing revolving credit facilities.
Jostens expects to maintain the Intergold facility in Calgary and Mr. Miran
Armutlu, who currently serves as President of Intergold, is expected to remain
as an employee of the combined organization following the completion of the
Offer, serving in the capacity of master jeweller.


"The proposed Intergold acquisition supports our vision and is a strategic
opportunity for Jostens' scholastic business," said Tim Larson, President and
Chief Executive Officer of Jostens. He added, "following closing, we look
forward to building on the collective strengths of Jostens and Intergold as we
work together to celebrate the stories and achievements of customers."


Mr. Miran Armutlu, President of Intergold commented, "we look forward to the
opportunities the Jostens organization will offer Intergold's operations and
look forward to bringing Intergold's unique skill set to Jostens."


The Board of Directors of Intergold (the "Intergold Board") has unanimously
approved the Agreement and concluded that the transaction is in the best
interests of Intergold and its shareholders. The Intergold Board has unanimously
resolved to recommend that the Intergold shareholders tender their common shares
in acceptance of the Offer. The Board of Directors of Visant has approved the
Agreement and the transactions contemplated by the Agreement. 


The Offer is subject to certain customary conditions, including its acceptance
by the holders of at least two-thirds of the outstanding common shares of
Intergold and regulatory approvals.


Pursuant to the Agreement, Intergold has agreed not to continue discussions with
other parties concerning a sale transaction of Intergold, not to solicit or
initiate discussions or negotiations with any third party with respect to
alternative transactions and to grant Visant a right to match any other
proposals. Each party has also agreed to pay the other a termination fee of
$250,000 (Cdn) in certain circumstances if the Offer is not completed. Insiders
who currently own approximately 47 percent of the issued and outstanding common
shares of Intergold have entered into lock-up agreements assuring the tender of
their shares in the Offer. 


The Offer documents and the Directors' Circular setting forth the Intergold
Board of Director's recommendations on the Offer are expected to be mailed to
Intergold 's shareholders on or about March 16, 2010. Expiry of the Offer and
closing are expected in April 2010.


About Intergold

Intergold is an Alberta, Canada corporation engaged in the design, manufacture
and marketing of precious and non-precious metal custom recognition and fashion
jewelry, including for the scholastic and champion sports segments.


About Visant

Visant Corporation, is a leading marketing and publishing services enterprise
servicing the school affinity, direct marketing, fragrance and cosmetics
sampling and educational and trade publishing segments. 


Visant's Scholastic segment anchored by its Jostens subsidiary, provides
services in conjunction with the marketing, sale, and production of class rings
and an array of graduation products and other scholastic affinity products to
schools and administrators primarily in high schools, colleges and other
post-secondary institutions. 


About Jostens

Visant's Minneapolis-based Jostens subsidiary is a provider of products,
programs and services that help people tell their stories, celebrate important
traditions and recognize achievements. Jostens' products include school
yearbooks and other memory book products, scholastic products such as class
rings and graduation products, and products for athletic champions and their
fans. Jostens maintains an active business in Canada through its Jostens Canada
Ltd. subsidiary, headquartered out of Winnipeg. 


FORWARD LOOKING STATEMENTS

Certain statements in this press release may contain "forward-looking
statements." Forward-looking statements are based on the current expectations or
forecasts of future events by management of Visant or Intergold. In particular,
this news release contains forward-looking statements with respect to, among
other things, the making of the Offer; maintaining Intergold's existing facility
in Calgary; the employment of Mr. Armutlu following completion of the Offer; the
anticipated benefits of the Offer; the satisfaction of the conditions to the
Offer, including acceptance by Intergold shareholders of the Offer; the expected
mailing date of the Offer; and the timing and completion of the Offer. These
statements involve known and unknown risks, uncertainties and other factors that
may cause actual results or events to differ materially from those anticipated
in such forward-looking statements. These statements are based on respective
company management's current expectations as of the date made and no assurance
can be given that such expectations will prove correct. Readers are cautioned
not to place undue reliance on these forward-looking statements and are
encouraged to read the full cautionary statements in Visant Corporation's or
Intergold Ltd.'s public disclosure filings. All forward-looking statements speak
only as of the date they are made and Visant and Intergold disclaim any
obligation to publicly update or revise any of the forward-looking statements in
light of new information, future events or otherwise, except as required by law.

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