SVV

Solvista Gold Corporation ("Solvista" or the "Company") (TSX
VENTURE:SVV)(OTCQX:SVVZF) is pleased to announce that it has defined a new drill
target area known as Malabrigo at its Caramanta project, located in the Middle
Cauca Belt of Colombia. Additionally the Company has doubled the previously
announced 4,000 metre drill program (see press release dated June 4, 2012) to
8,000 metres.


Commenting on the news, Solvista's CEO and President Miller O'Prey stated, "We
are very encouraged to have identified yet another grassroots discovery at our
Caramanta project and hope to be drilling there in the next few months. As we
move to expand our drill program, we are confident that additional new
discoveries will be made over the coming months."


Solvista recently contracted a second man-portable drill rig to accelerate
drilling at the El Reten and Ajiaco Sur sectors, as described in the June 4,
2012 press release. One drill rig will now focus on each sector, drilling
approximately 10 drill holes to total depths between 300-500 metres. The Company
anticipates completing the program during the first quarter of 2013 and expects
to release initial assay results before the end of September 2012.


The newly defined Malabrigo sector is located 600 metres to the north-northwest
of the Ajiaco Sur target. Using the same 75th percentile methodology as
previously described, the surface geochemical gold anomaly measures 500 metres
by 150 metres, with a north-south orientation. Similar to the El Reten sector,
there is not a straightforward relationship between gold and copper values,
which the Company believes may represent surface leaching of copper.




----------------------------------------------------------------------------
                                                 Cu                Mo     Zn
Malabrigo Sector (n=44)            Au (g/t)   (ppm)   Ag (g/t)  (ppm)  (ppm)
----------------------------------------------------------------------------
Weighted Mean Value for all                                                 
 samples in Caramanta Project                                               
(n= 2,038)                            0.234     650        3.2     16    314
----------------------------------------------------------------------------
Weighted Mean Value Within the                                              
 Principal Anomaly 75th Percentile                                          
 Contour (n=44)                       0.409     646        2.5      9    193
----------------------------------------------------------------------------
                                                                            
"Best Gold Sample" Values             1.195     288       2.33   6.57    156
----------------------------------------------------------------------------
Table 1. Summary of geochemical characteristics of mineralization in the    
Malabrigo sector. The n values (in parentheses) represent the total number  
of samples used to calculate the weighted mean values.                      



The Malabrigo sector is located largely within the same Concession Contract as
the El Reten and Ajiaco Sur sectors and is covered by the same water use and
return permits awarded in May 2012 by the local environmental authority,
Corantioquia. Further to the Company's December 22, 2011 press release, the
Malabrigo sector is located outside the local environmental designation, known
as a "District of Integrated Management" whereas the El Reten and Ajiaco Sur
sectors are located inside. The Company has complied with all of Corantioquia's
requirements and continues to work closely with them to ensure its current drill
program for the Caramanta Project proceeds as planned.


Quality Control and Assurance

The Company utilizes an industry-standard Quality Assurance/Quality Control
program for the taking and analyzing of samples. Rock, drill core, soil (MMI)
and stream sediment samples are prepared at preparation facilities in Medellin
run by SGS Colombia or ALS Colombia Ltda. Samples are then shipped for analysis
to the SGS del Peru S.A.C. or ALS Peru Ltda certified assay laboratories in
Lima, Peru. Gold values were determined by fire assay with an atomic absorption
finish on 30 gram samples; other elements were analyzed with a 4 acid digestion
and an ICP-MS finish. Blanks, duplicates and certified reference standards are
routinely inserted into the sample stream to monitor laboratory performance and
a portion of the samples are periodically check assayed at ACME Laboratories in
Vancouver, British Columbia.


The scientific and technical information contained in this news release has been
reviewed by Mr. Miller O'Prey P.Geo., who is a "Qualified Person" as defined
under National Instrument 43-101.


About the Caramanta Project

The Caramanta Project is located at the center of the Middle Cauca Belt, one of
the most prolific gold districts in Colombia, with production dating back to
pre-Colonial times. It has also been the focus of intense exploration over the
past five years with a number of exciting new discoveries including La Colosa
(AnglogoldAshanti), a porphyry-gold deposit with a JORC-compliant Inferred
resource of 24.15 Moz Au at 0.94g/t Au. Directly south of Caramanta is Gran
Colombia Gold's Marmato Project with NI 43-101 compliant Measured and Indicated
resources of 12.4 Moz Au at 1.02g/t Au and Inferred Resources of 2.4Moz Au at
1.1g/t Au. To the north is Sunward's Titiribi deposit where a NI 43-101
compliant Indicated and Inferred resource of 8.3 Moz Au at 0.5g/t Au has been
announced.


About Solvista

Solvista is a gold exploration company with two Projects, Caramanta and
Guadalupe. These Projects cover approximately 60,000 hectares in the Antioquia
province of Colombia, a region rich in historic gold mining tradition and where
several new gold discoveries have recently been made. Solvista is well funded
and plans to complete up to 10,000 metres of drilling at its two projects during
2012. Solvista's head office is located in Toronto with its Colombian
headquarters located in Medellin. For further details on Solvista, its
management team and its Projects, please refer to Solvista's website
(www.solvistagold.com).


CAUTIONARY STATEMENT: This news release contains forward-looking information
which is not comprised of historical facts. Forward-looking information involves
risks, uncertainties and other factors that could cause actual events, results,
performance, prospects and opportunities to differ materially from those
expressed or implied by such forward-looking information. Forward looking
information in this news release includes, but is not limited to, Solvista's
objectives, goals or future plans, statements regarding the estimation of
mineral resources, exploration results, potential mineralization, exploration
and mine development plans, timing of the commencement of operations and
estimates of market conditions. Factors that could cause actual results to
differ materially from such forward-looking information include, but are not
limited to, failure to convert estimated mineral resources to reserves, capital
and operating costs varying significantly from estimates, the preliminary nature
of metallurgical test results, delays in obtaining or failures to obtain
required governmental, environmental or other project approvals, political
risks, uncertainties relating to the availability and costs of financing needed
in the future, changes in equity markets, inflation, changes in exchange rates,
fluctuations in commodity prices, delays in the development of projects and the
other risks involved in the mineral exploration and development industry, and
those risks set out in Solvista's public documents filed on SEDAR. Although
Solvista believes that the assumptions and factors used in preparing the
forward-looking information in this news release are reasonable, undue reliance
should not be placed on such information, which only applies as of the date of
this news release, and no assurance can be given that such events will occur in
the disclosed time frames or at all. Solvista disclaims any intention or
obligation to update or revise any forward-looking information, whether as a
result of new information, future events or otherwise, other than as required by
law.


To view Figure 1: Geology and geochemistry of the El Reten, Ajiaco Sur and
Malabrigo sectors at the Caramanta Project, please visit the following link:
http://media3.marketwire.com/docs/Figure1SVV.pdf.

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