VIO Vior Inc

SOCIETE D'EXPLORATION MINIERE VIOR INC. (TSX VENTURE:VIO)(FRANKFURT:VL5) - is
pleased to announce the signing of definitive agreements with Aurvista Gold
Corporation ("Aurvista") under the terms announced on February 4. 


These agreements foresee the acquisition by Aurvista of up to 100% ownership
interest in the Douay property, located in the Abitibi region of Quebec. Vior
and Aurvista currently own 75% and 25% ownership interest in the Douay property,
respectively.


To acquire an additional 25% undivided interest in the Douay property, thereby
bringing its total interest in the property to 50%, Aurvista must pay $1.5
million in cash to Vior on or before April 4, 2011. Aurvista expects to fund
this payment with the proceeds of a proposed private placement that will take
place in the coming weeks.


Once owning 50% undivided interest and in order to increase this to 100%,
Aurvista must issue a minimum of 21.25 million shares to Vior. After issuing
these shares, it is expected that Aurvista will have approximately 45.25 million
shares issued and outstanding (on a pre-consolidation base and based on a 2 for
1 ratio). Aurvista must also complete an initial public offering and obtain a
stock exchange listing before August 1, 2011. It is expected that following the
consolidation 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. If the Aurivista
shares are issued at a price under $1.00 per share, then the number of shares
issued to Vior must be adjusted accordingly, to an aggregate market value of at
least $20 million.


These final agreements also anticipate that Aurvista will complete a minimum of
$3 million in exploration work on the Douay property on or before December 31,
2011.


For a period of three years, Vior will be entitled to either one or two
representatives on Aurvista's Board of Directors, depending on the percentage of
Aurvista shares held by Vior.


For as long as Vior holds at least 10% of Aurvista's issued and outstanding
shares, Vior will exercise the voting rights attached to all its shares of
Aurvista, in accordance with the recommendations of Aurvista's Board of
Directors, and Aurvista will have the right to exercise the voting rights
attached to all Vior shares that it holds in accordance with the recommendations
of Vior's Board of Directors. Currently, Aurvista holds approximately 5.7% of
Vior's outstanding shares.


For as long as Vior holds at least 10% of Aurvista's issued and outstanding
shares, should Aurvista issue new shares, Vior will benefit from a pre-emptive
right and will be entitled to participate in this placement in order for it to
maintain its holding in Aurvista.


For a period of one year from the date of issue, Vior cannot distribute any
Aurvista shares that it holds to its shareholders.


It is expected that the Aurvista shares issued to Vior under this 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.


This transaction is subject to a number of conditions, including the approval by
Vior's shareholders and the completion of an initial public offering by
Aurvista, and Aurvista's stock exchange listing before August 1, 2011. Vior has
the right to terminate the agreement should Aurvista fail to make the $1.5
million payment to acquire an additional 25% undivided interest in the Douay
project before April 4, 2011.


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.


SEDAR : Societe d'exploration miniere Vior inc.

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

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