LOS ANGELES, CALIFORNIA — (Marketwire) — 07/20/11 — VIPR Industries Inc. (PINK SHEETS: VIPR) („VIPR“) provides status update on its previously announced exploration drilling programme on its Msangachuki-Londoni, Singida Gold prospect property, located in Singida, Tanzania.
The start of the companies drilling programme has experienced several delays, which have been the result of logistical, banking and delays within JICL. The company has made payments to JICL but will need to make additional payments as it has made some changes to its exploration programme. VIPR has once again engaged JICL to execute a Diamond Bit drilling exploration program which is as a result of JICL-s expertise and familiarity of VIPR-s Singida property. The company hopes to commence the programme very shortly after all issues have been dealt with, but is unable to provide any concrete timelines for an anticipated start date as most of the delays have not been in the company-s control. Additional updates will be disclosed as they become available which are expected shortly.
About VIPR Industries Inc.
VIPR Industries Inc. is a precious metals exploration and development company focused on Gold, Uranium, Diamonds and other precious metal resources and reserves through mergers, acquisitions and resource development.
Safe Harbor
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The „Act“). In particular, when used in the preceding discussion, the words „pleased,“ „plan,“ „confident that,“ „believe,“ „expect,“ or „intend to,“ and similar conditional expressions are intended to identify forward looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, general economic conditions, inherent mining risks, market conditions, competitive factors, the ability to successfully complete additional financings and other risks described in the Company-s filings and website, which all investors are advised to view at .
Contacts: VIPR Industries Inc. Investor Relations +1(424) 238-5378
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