Mr. Jean Lafleur reports

AURVISTA GOLD CORPORATION PROVIDES CLARIFYING DISCLOSURE ON THE MINERAL RESOURCE ESTIMATE OF THE DOUAY GOLD PROJECT

Aurvista Gold Corp. has been asked by the Autorite des Marches Financiers (AMF), Quebec's financial markets regulator, to issue a clarifying news release to the company's news release issued on Feb. 28, 2017, to disclose an inferred mineral resource estimate contained within a conceptual pit at the Douay gold project. The company's estimate completed by Riverbend in 2012 was not constrained by a conceptual pit, and Aurvista's Feb. 28, 2017, announcement of global inferred ounces was intended to compare and contrast total mineralization outlined at the Douay gold project with the previous 2012 Riverbend estimate.

The AMF has requested that the company apply economic extraction parameters in estimating the mineral resources for Douay in accordance with the CIM (Canadian Institute of Mining, Metallurgy and Petroleum) definition standards adopted by the CIM council in 2014. The company is therefore providing a current in-pit inferred mineral resource estimate, which replaces the mineral resource estimate disclosed in the Feb. 28, 2017, news release. Investors are advised to rely only on the in-pit inferred mineral resource estimate. Micon International Ltd. has produced an in-pit inferred mineral resource estimate for Douay at various cut-off grades as summarized in the associated table.

                                  Cut-off grade                   Gold grade             Gold metal
                                       (g/t Au)        Tonnes          (g/t)               (ounces)
In-pit
inferred mineral resource                   5.0       588,000           7.38                139,000
estimate*                                   3.0     2,143,000           4.73                326,000
                                            1.0    27,519,000           1.79              1,585,000
                                            0.7    49,700,000           1.36              2,177,000
                                            0.5    83,327,000           1.05              2,813,000
                                            0.3   143,566,000           0.77              3,567,000

* A mineral resource is a concentration or occurrence of metals in such form and quantity and of 
such a grade or quality that it has reasonable prospects for economic extraction. The location, 
quantity, grade, geological characteristics and continuity of a mineral resource are known, 
estimated or interpreted from specific geological evidence and knowledge. Reasonable prospects for 
economic extraction imply a judgment by a qualified person in respect of the technical and 
economic factors likely to influence the prospect of economic extraction. An inferred mineral 
resource is that part of a mineral resource for which quantity and grade or quality are estimated 
on the basis of limited geological evidence and sampling. Geological evidence is sufficient to 
imply but not verify geological and grade or quality continuity. In-pit inferred mineral resource 
estimate is an inventory of mineralization under an open-pit scenario that under realistically 
assumed and justifiable technical and economic conditions might become economically extractable. 
They have been prepared without reference to surface rights or the presence of overlying public 
infrastructure.

At a gold cut-off grade of 0.5 gram per tonne, within the conceptual pit shell, there are 83 million tonnes at a grade of 1.05 g/t gold for 2.8 million ounces of gold. Investors are advised that the additional ounces contemplated in the Feb. 28, 2017, news release, or the information disclosed therein, are not to be relied upon until such time that further exploration and drilling can demonstrate reasonable prospects for future economic extraction for the deeper portion of the mineralization outlined at Douay.

Aurvista's president and chief executive officer, Jean Lafleur, stated: "The in-pit mineral resource estimate is an early stage glimpse at the potential for a conceptual open pit with the known information to date. The Douay project is host to significant known gold occurrences and these are early days in terms of outlining the Douay project's ultimate resource and mining potential. We look forward to completing up to 30,000 metres of additional drilling this year, growing the resource and advancing the Douay project."

Additional details for conceptual in-pit inferred mineral resource estimate

The in-pit inferred mineral resource estimate's mineralized envelopes were modelled using Leapfrog Geo at a 0.3 g/t cut-off with the inclusion of lower-grade material for modelling purposes, and are contained in eight separate zones: 10, 20, 531, Central, Douay West, Northwest, Porphyry and Main, and may consist of a number of subparallel or parallel lenses. Bulk densities used: 2.88 -- Douay West, 2.81 -- Porphyry, 2.94 -- 10, 2.67 -- 20, 2.78 -- Northwest, 2.77 -- Main, and the Central zone and waste used the global average of 2.82 as no testwork was conducted for these areas. The overburden was assigned a bulk density of 1.5.

Only the mineral resources for the Douay West, Porphyry and 531 zones were estimated using ordinary kriging with the remaining zones estimated using inverse distance cubed, due to the number of data points for each zone. A block size of 10 m by two m by five m was used. The search ellipses ranged from 50 m to 300 m and used three passes to fill the blocks within the model. The figures have been rounded to reflect that they are estimates. The multiple open pits used to constrain the in-pit inferred mineral resource estimate comprise the ultimate break-even pit shell cones, which do not consider pit design or minimum mining widths.

The open-pit parameters used to construct the optimization are: gold price of $1,400 (U.S.) per ounce, an exchange rate (Canadian/U.S.) of 1.32:1, overburden stripping cost of $2.50 per tonne, open-pit mining cost of $2.78/t, processing cost of $8.14/t, and G&A (general and administrative) cost of $2.47/t. Gold recoveries per zone are: Douay West -- 85 per cent, Northwest -- 52.5 per cent, Porphyry -- 94 per cent, 20 -- 92 per cent, 10 -- 88 per cent, Central -- 94 per cent, 531 -- 93 per cent and Main -- 83 per cent. Pit slope angles are: 55 degrees for the footwall; 52 degrees for the hangingwall; and 25 degrees for the overburden.

The effective date of the in-pit inferred mineral resource estimate is Feb. 15, 2017.

Micon is currently completing the National Instrument 43-101 technical report supporting the mineral resources estimates and near-surface mineral resource estimates which will be filed within 45 days of the original news release dated Feb. 28, 2017, on SEDAR.

Comparison between the previous 2012 inferred mineral resource estimate and the in-pit inferred mineral resource estimate

In 2012, Aurvista filed a technical report on the updated mineral resource estimates for Douay titled "Douay deposit, National Instrument 43-101-compliant technical report" dated Aug. 10, 2012, which was prepared by Cliff Duke, PEng, of Riverbend Geological Services Inc., under Aurvista Gold, at SEDAR, now considered the 2012 Riverbend estimate.

The in-pit inferred mineral resource estimate and overall geologic model for Douay benefited from the new interpretation based on the relogging, redescription and assaying of previously unassayed mineralized intervals of drill core from Douay. This work showed a greater lateral and vertical continuity of rock units, structural trends and gold mineralization, which were non-existent in 2012 Riverbend estimate. It is important to note that the 2012 Riverbend estimate was not constrained by a conceptual pit, making direct comparisons more challenging.

Douay gold project and company profile

Aurvista Gold is a junior gold exploration and development company advancing one of the largest undeveloped gold projects in Quebec. Aurvista's Douay gold project consists of a 100-per-cent-owned interest in 250 contiguous claims totalling 133.1 square kilometres, plus a 90-per-cent interest in five contiguous claims totalling 0.2 square kilometre and a 75-per-cent interest (25 per cent held by SOQUEM) in 32 contiguous claims totalling 11.9 square kilometres. In total, there are 287 claims covering 145.3 square kilometres located along a 20-kilometre segment of the Casa Berardi deformation zone in the prolific Abitibi belt of Northern Quebec. Douay is located 40 kilometres southwest of the Matagami base metal camp and 150 kilometres north of the Val d'Or-Malartic gold camp (both in Quebec).

Qualified persons

The technical contents in this news release have been reviewed and approved by Jean Lafleur, MSc, PGeo, president and chief executive officer for Aurvista Gold, and William Lewis, BSc, PGeo, of Micon, who is independent of Aurvista and who is responsible for the in-pit inferred mineral resource estimate. Both individuals are qualified persons under National Instrument 43-101.

We seek Safe Harbor.