Mr. George Tsafalas reports

VIPER ANNOUNCES PRIVATE PLACEMENT

Viper Gold Ltd. is proposing a non-brokered private placement of up to five million units of the company at five cents per unit for gross proceeds of up to $250,000. Each unit will be composed of one common share in the capital of the company and one share purchase warrant, with each warrant entitling the holder to purchase one share at an exercise price of five cents for 12 months from closing. Completion of the private placement is subject to acceptance by the NEX board of the TSX Venture Exchange.

The company intends to use proceeds of the private placement for working capital purposes and to investigate business opportunities in the pharmaceutical and technology sectors, areas in which the new management team has experience and expertise.

In connection with the private placement, the company may pay certain finders a cash commission equal to 8 per cent of the proceeds raised from the subscribers identified by such finders and issue finders' compensation warrants equal to 8 per cent of the number of units sold to such subscribers. The shares, warrants and finders' warrants will be subject to resale restrictions under applicable law.

We seek Safe Harbor.