Solvista Gold Corporation Announces Appointment of New Chief Financial Officer and Corporate Secretary

TORONTO, Ontario. Solvista Gold Corporation (“Solvista”) (TSX.V: SVV, OTCQX: SVVZF) announces the following appointment to its management team. Mr. Daniel Crandall has been appointed as Solvista’s new Chief Financial Officer and Corporate Secretary.  Mr. Crandall is a Senior Manager at Marrelli Support Services Inc., providing CFO, accounting, regulatory compliance and management advisory services to numerous issuers on the TSX, TSX-venture and other Canadian and US exchanges.  Previously he was a Manager at Collins Barrow Toronto LLP, a public accounting firm where he worked for over five years.  Mr. Crandall holds a CPA and CA certification.

The Board welcomes Mr. Crandall to the management team and looks forward to working with him as Solvista commences drilling at its high grade copper deposits in Manitoba, Canada.

Mr. Donald Christie, who has been a part of the Solvista team since its inception in 2011, has tendered his resignation as Chief Financial Officer and Corporate Secretary.  Mr. Christie will remain on as a Director of Solvista.  The Board of Directors would like to take this opportunity to thank Mr. Christie for his hard work and dedication as CFO and Corporate Secretary and look forward to his continued insight and experience as a Director of Solvista.

 

For more information please visit our website at www.solvistagold.com.

Solvista Gold Corporation

Solvista Gold Corporation is a Canadian resource exploration company focused on discovery and resource expansion of its high-quality mineral properties at its Snow Lake Project. On June 19, 2015, Solvista merged with Canadian explorer Rockcliff Resources Inc.  Solvista now controls the Snow Lake Project in central Manitoba, totalling in excess of 35,000 hectares.  The project includes one (1) VMS high grade copper rich NI 43-101 Resource (Rail), two (2) historic high grade VMS copper deposits (Lon and Talbot), a net smelter return royalty on the Tower Property which hosts the T-1 Copper Deposit, numerous properties with untested geophysical anomalies and several additional properties with VMS potential ((Freebeth(optioned to HudBay), Dickstone North and Tramping)).  Solvista also owns a zinc-silver rich NI 43-101 Resource (Shihan) in Ontario.  Solvista controls two gold projects, Caramanta and Guadalupe located in Colombia, South America. These two projects cover approximately 44,000 hectares in the Antioquia province of Colombia.  The Caramanta property is the subject to an option agreement with IAMGOLD Corporation as described in a press release dated December 13, 2013, available on Solvista’s SEDAR profile at www.sedar.com

Solvista is well funded with no debt.

For further information, please contact:

 

Solvista Gold Corporation

Ken Lapierre, P.Geo

President & CEO

tel. (416) 644-1752; cell (647) 678-3879

klapierre@solvistagold.com.      

               

Cautionary Note Regarding Forward-Looking Statements: This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe Solvista’s future plans, objectives or goals, including words to the effect that Solvista or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Solvista, Solvista provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, Solvista’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in Solvista’s public documents filed on SEDAR. Although Solvista believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Solvista disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.