VIPR Industries Inc. announced it has received additional financing commitments for up to $1 million, to be followed by an anticipated non binding commitment for an additional $5 million. The company has cash reserves to be used for further exploration on existing properties as well as additional key targeted acquisitions and/or joint ventures. The Company has also been using the services of key, well established professionals in the industry who are facilitating some key introductions on potential sought after acquisitions and/or joint venture opportunities.

VIPR Industries Inc. has received funding in various trenches and sizes from accredited investors with the expectations of further funds being received. The company is currently evaluating all options as it anticipates using most of its cash reserves towards further exploration on existing assets and possible acquisitions. VIPR's Chief Operating Officer and Chief Geologist have recently brought to the company’s notice, other potential acquisitions that may be in more advanced stages or possess significant potential. These prospective projects are located in other parts of the world, most notably within certain parts of South America where various countries are expected to have an estimated $40 billion in exploration to be spent within the next several years. The Company expects a decision on its various options to be concluded in the very near term.

VIPR Industries Inc. announced that it has started identifying target zones for further exploration on its Singida-Londoni Gold property. The company has been analyzing data previously received from its Singida-Londoni Property which it now intends to advance at a more rapid pace due to recent events regarding exploration financing. VIPR has recently received small tranches of funding and is expecting further more significant tranches to be put towards additional exploration, details of which to be made shortly available. The commencement of the next phase of exploration is contingent upon various factors including the additional funding and is to consist of; ground magnetic survey and geological mapping, a minimum of 20 pits and 20 trenches on a 200m grid, approximately 200 soil samples are expected to be collected on a 100m X 100m grid covering the whole tenement, and data processing and interpretation. The soil survey is designed to tighten the spacing of the soil grids to allow further definition of drill targets and to explore new areas, as part of the Company's on-going exploration program. The final report on the suggested target zones are to be sent to its Chief Operating Officer and Chief Geologist, Michael Sandidge, for review and input prior to any final decisions.