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VIPR Industries Announces Completion of its Corporate Restructuring as it Prepares to Commence Formal Operations Wednesday July 23, 9:00 am ET

TORONTO, ONTARIO--(MARKET WIRE)—July 23, 2008 – VIPR Industries Inc. (“VIPR”) (VIPR.PK – News) is pleased to provide the following company update.

VIPR Industries has been actively working on its restructuring, is now close to completion and ready to commence formal operations. The Company over the past several months has reorganized its business over several segments. The Company it has diligently complied with all Pink Sheets requirements necessary to change its designation to current issuer status to provide greater corporate transparency and disclosure.

VIPR has retained the services of accounting firm, Chisholm, Bierwolf, and Nilson to act as its independent auditor of record. The firm has been engaged to perform an audit on its year end for years 2006 and 2007, a review of its most recent quarters, and is now in the final stages of review for completion. The audit is to be used for an anticipated registration statement, expected to be filed with the Securities and Exchange Commission within the coming weeks.

The Company will shortly be announcing developments made to its business which includes acquisitions and key appointments made to its board.

About VIPR Industries Inc. VIPR Industries Inc. is a Toronto-based precious metals exploration and development company focused on Gold, Uranium, and other precious metal resources and reserves through mergers, acquisitions and resource development.

Company SnapShot

Company News

• VIPR Industries Inc.: Zereko Receives Multiple Inquires and Requests for Quotes on Potential Contracts for its IVAC Industrial UnitsWednesday November 5, 5:06 pm ET
• VIPR Industries Signs Agreement for Acquisition of Third Additional Gold Property Within Rich Geita Region of TanzaniaMonday November 3, 5:17 pm ET
• VIPR Industries Signs Termsheet for Acquisition of Revenue Producing Zereko Inc. and Its IVAC Industrial Unit. Client List Includes General Motors and Inco Among OthersFriday October 31, 4:10 pm ET
• VIPR Industries Moves to Acquire Additional Assets. Signs Term-Sheet Agreement for Acquisition of Two Gold Properties in Geita Region of Tanzania, a Region Possessing Significant DiscoveriesWednesday October 29, 6:00 am ET
• Positive Phase I Exploration Results Persuades VIPR Industries to Exercise Its Option and Increase Its Position at SingidaWednesday September 17, 9:45 am ET
• VIPR Industries Inc. Receives Positive and Encouraging Data On Its Itigi Manyoni Uranium Prospecting PropertyMonday September 15, 8:00 am ET
• VIPR Industries to Raise Up to $1.2 Million Private Placement to Fund Further Exploration of Gold & Uranium PropertiesWednesday August 13, 2:30 am ET
• VIPR Industries Release Grab Sample Results and Audio Interview Available at SmallCapVoice.comTuesday August 12, 3:00 am ET
• VIPR Industries Reports Positive Grab Sampling Results From Phase I Exploration of Its Singida Gold PropertyMonday August 11, 2:30 am ET
• VIPR Industries Inc. Targets Gold-Mining-Friendly Areas, According to IPOdesktop.comThursday August 7, 10:26 am ET
• VIPR Industries Completes Audit, Initiates Drafting of Registration Statement to Prepare for Move to OTCBB ExchangeTuesday August 5, 2:30 am ET
• VIPR Industries Appoints Senior Geologist to Lead Gold and Uranium ExplorationMonday August 4, 2:30 am ET
• SmallCapVoice.com Initiates Coverage on VIPR Industries Inc., a Precious Metals Exploration and Development Company Focused on Gold and UraniumFriday August 1, 3:00 am ET
• JC Barbeck, Chief Operating Officer of VIPR Industries Inc., is the Featured Guest in an Audio Interview at mallCapVoice.comThursday July 31, 3:00 am ET
• VIPR Industries Closes Acquisition of Itigi Manyoni Uranium Property; Radiometric Data Shows Strong Potential for High Grade Uranium ZonesWednesday July 30, 4:00 am ET
• VIPR Industries Notified of Analyst Coverage Which Reports Market Capitalization Could Approach $60 Million or $1.50 Per Share Tuesday July 29, 2:15 am ET
• VIPR Industries Closes Acquisition of Singida Gold Property Adjacent to Project With 543,000 Oz Indicated Gold Resource Valued at Over $500 MillionMondayJuly 28, 2:30 am ET
• VIPR Industries Announces Completion of its Corporate Restructuring as it Prepares to Commence Formal Operations Wednesday July 23, 9:00 am ET

Resources

VIPR Industries Inc. is a growing mining company working to develop two highly prospective gold and uranium properties in stable, mining-friendly and mineral-rich Tanzania. VIPR Industries’ wholly owned Singida Gold Property is located in Tanzania’s Singida Gold Belt adjacent to Shanta Gold Limited’s newly discovered gold deposit.

 

VIPR Industries has gained a significant foothold in Tanzania’s rapidly expanding mineral industry with the acquisition of a high quality gold prospect and a premier uranium property.

 

Mining companies operating in politically stable Tanzania receive a wide range of incentives, tax breaks and investment protection guarantees. The east African country has attracted $2.5 billion in investment in the sector since 1998. Tanzania is the third leading gold producer in Africa after Ghana and South Africa. Over the past five years, Tanzania has exported more than $2.5 billion worth of gold. (MineWeb, June 16, 2008)

• Significant Industry Applications
• Technology Advantage

 

"This is not the time to be in stocks or non cash-flowing real estate. As investors we are in the rare situation where the safest investment (the investment that has been a valued form of wealth for over 5,000 years) is also the investment that history says will offer the greatest potential gains in the upcoming years: Gold." --Mike Maloney, Gold & Silver, Inc.

 

Mr. Gerstner has been a successful businessman for over 20 years. He has assisted many companies as a consultant in both operations and management. Mr. Gerstner’s experience in business transactions, knowledge of public company structure and financings, and expertise in corporate governance make him a valued asset to the company. He will draw on proven experience to oversee the Board to ensure the company’s audit controls are strictly followed and approve and implement key decisions, material expenditure, and alterations to share capital.

 

VIPR Industries is acquiring and exploring high quality mineral properties, focusing on Tanzania’s rich but largely untapped gold and uranium resources. The company’s Singida Gold Property is located next to and along strike from Shanta Gold Limited’s newly discovered 543,000+ ounce resource. According to VIPR Industries its project area displays similar characteristics to Shanta Gold’s Gold Tree and The Jem deposits. And based on radiometric survey data the company’s Itigi/Manyoni Uranium Property is highly prospective for the cost effective production of uranium.