Mr. Richard Adams reports

AURVISTA GOLD PROVIDES CORPORATE UPDATE

Aurvista Gold Corp. is providing a corporate update in regard to the recent developments on the Douay gold project located in Northern Quebec along the Abitibi greenstone belt.

Aurvista is pleased to announce the appointment to the company of Chris Sharpe, PEng, to the role of vice-president, engineering. Under this new role, Mr. Sharpe will advance the engineering and development of the Douay West deposit to a production decision. Prior to joining Aurvista, Mr. Sharpe held progressively senior engineering positions with AuRico Gold, Wardrop Engineering and Golder Associates.

Douay West zone

The company is pleased to announce that it has engaged a third party consultant to complete an environmental baseline study. The baseline study will focus on a four-square-kilometre area that encompasses the Douay West zone, and will present environmental conditions related to the existing physical, biological and chemical environments. The results will provide valuable input to both current and future engineering work as it will better enable the project team to reduce any potential impacts to the environment during the design process. The start of the baseline study represents a milestone for the advancement of the Douay West zone through the environmental permitting process.

In addition to the baseline study, the company commenced an engineering study in early May that is focused on developing a production scenario for the Douay West zone that might include an open pit, underground, or both. The study is initially focusing on the potential of mining the zone by open pit in order to better maximize project economics. To date, Aurvista has received a preliminary assessment on likely overburden slope angles from a respected third party consultant. The work was based on the results of past drilling campaigns and will be used in part to investigate the economics of a potential open pit and to provide recommendations for future studies. The results of the engineering study will better enable management to make an informed decision with respect to any infill drilling programs, tradeoff studies and ultimately to advance the project to a prefeasibility level of study.

In support of the engineering initiatives, Aurvista has begun to examine the various optical ore sorting technologies available. The company intends to have testwork completed in August to determine if such a technology would be amenable to the Douay West zone. A positive outcome would benefit project economics by reducing off-site haulage costs to nearby mills and by elevating the gold grades of the ore recovered by the partial separation of any waste materials that might become included as part of the mining cycle. The company continues to investigate potential toll milling agreements with local mills. An agreement is not expected until some time after the results of the optical sorting tests have been received.

The company expects to receive the environmental baseline study by the end of the fourth quarter of this year. The engineering study is anticipated to be finalized by the end of the third quarter of 2014. Pending the results, the company will then consider moving the project forward into the prefeasibility stage of study.

Douay project

On the overall Douay project, the company has also recently completed a property-wide 3-D geophysical interpretation on all project targets. Aurvista will use these results to design the next drill campaign on the property. "The 3-D geophysical interpretation will give us a strong visual tool that we will be able to use to more fully assess the project potential. This work will be an integral part in the design of our next drill campaign," said Rick Adams, president and chief executive officer of Aurvista Gold.

"The studies we have completed or that are currently under way are a major step forward to realizing the full potential of the Douay West zone as well as the project as a whole."

Aurvista maintains a strong cash balance and currently has approximately $2-million cash on hand.

"The company has done well in dialling back costs that were not accretive to share price appreciation. It is crucial for us to maintain this strong cash balance to give us more options moving forward," stated Bryan Keeler, chief financial officer of Aurvista.