Mr. James Hesketh reports

VIVA GOLD ANNOUNCES PRIVATE PLACEMENT OFFERING

Viva Gold Corp. intends to complete a non-brokered private placement of up to 18.75 million units at a price of 16 cents per unit for gross proceeds of up to $3-million. Each unit will consist of one common share in the capital of the company and one-half of one non-transferable common share purchase warrant. Each whole warrant will be exercisable to acquire one share at an exercise price of 24 cents per share for a period of 36 months from the date of issuance.

Certain insiders of the company may acquire units in the offering. Any participation by insiders in the private placement would constitute a related party transaction as defined under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. However, the company expects such participation would be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the units subscribed for by the insiders, nor the consideration for the units paid by such insiders, would exceed 25 per cent of the company's market capitalization.

Viva Gold intends to allocate the proceeds of the offering, net of any finders' fees, toward prefeasibility/feasibility study work at its Tonopah gold project including required technical and environmental studies, secondarily for geophysical survey, and other geologic work including drilling and finally for general working capital purposes.

The company may pay finders' fees on a portion of the offering, subject to compliance with the policies of the TSX Venture Exchange and applicable securities legislation.

Closing of the offering is subject to approval of the TSX Venture Exchange.

The securities issued under the offering, and any shares that may be issuable on exercise of any such securities, will be subject to a statutory hold period expiring four months and one day from the date of issuance of such securities.

About Viva Gold Corp.

Viva Gold's 100-per-cent-owned Tonopah gold project sits in the middle of gold mining country about a half-hour drive south of the Round Mountain mine owned by Kinross Gold and controls a major land position on the prolific Walker Lane trend in Western Nevada. Viva has developed a high confidence level gold mineral resource and can demonstrate the potential for an economically viable open pit, heap leach/mill gold project through rigorous PEA (preliminary economic assessment) study. Viva Gold is committed to developing the Tonopah gold project in an environmentally and socially responsible fashion. These values are aligned with management's core values and permeate throughout the company's decision-making process. Viva Gold is led by chief executive officer James Hesketh, a 40-year veteran in the mining space who has led the development and construction of mines around the world throughout his career. Mr. Hesketh has surrounded himself with equally experienced mining professionals both on the management team and the board. Viva Gold trades on the TSX Venture Exchange under symbol VAU, on the OTCQB under symbol VAUCF and on the Frankfurt exchange under symbol 7PB. Viva currently has about 145.3 million shares outstanding and boasts a best-in-class management team and board with decades of gold exploration and production experience. The company is advancing its high-grade Tonopah gold project in mining-friendly Nevada with the support of several institutional shareholders.

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