VIPR Industries Appoints Senior Geologist to Lead Gold and Uranium Exploration!

VIPR Industries Inc. (OTC: VIPR) has just issue positive news and investors looking to possibly benefit from the energy sector should continue monitoring the stock closely! Yesterday, t he company, a precious metals exploration and development company, issued a press release announcing the appointment of geologist and geophysicist Mr. Jonas Mwano as Chief Senior Geological Consultant. 

This good news for the company! Mr. Mwano will apply his extensive mineral exploration expertise and in-depth regional knowledge to lead the exploration and development of VIPR's gold and uranium properties in Tanzania . According to the press release, Mr. Mwano brings to VIPR Industries deep knowledge of Tanzania 's geology and mineral resource potential. A Geologist and Geophysicist with the Ministry of Energy and Minerals' Geological Survey of Tanzania , he has extensive experience in regional geological mapping and exploration particularly in Greenstone belts, as well as airborne geophysical data acquisition and ground geophysical exploration utilizing magnetometer, electromagnetic (TEM), gravity and Induced Polarization (IP) surveying. Mr. Mwano also contributed his expertise to the NDF Project conducted by the Geological Survey of Tanzania and Geological Survey of Finland (GTK) to identify priority areas with high mineral potential.

Mike Gerstner, President and CEO of VIPR Industries Inc., commented: "We are pleased that Jonas Mwano has chosen to contribute his considerable geological acumen and experience exploring Tanzania 's mineral resources for the benefit of VIPR Industries. We believe his expertise will prove to be invaluable as we explore our Singida Gold Property and Itigi Manyoni Uranium Property and evaluate additional acquisitions in the area."

The press release states that, as announced last week, VIPR has completed the acquisition of its Singida Gold Property located directly adjacent to and along strike from Shanta Gold Limited's Singida Project where exploration drilling has identified an indicated resource of 543,000 ounces of gold valued at an estimated $500 million . VIPR has also closed the acquisition of the Itigi Manyoni Uranium Property where airborne radiometric surveys have identified uranium anomalies indicating strong potential for significant uranium mineralization.

The Geological Survey of Tanzania reports that Tanzania has significant potential for new discoveries as many commodities still are highly under-explored. Tanzania features excellent geological databases, good infrastructure, readily available exploration services and an attractive mineral policy. (Geological Survey of Tanzania , "Mineral Exploration in Tanzania ", 2008).

Investors are urged to continue to monitor the progress of the company!

• 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.
  
• VIPR Industries’ Singida Gold Property is adjacent to Shanta Gold Limited’s newly discovered deposit where drilling indicates a resource of more than 543,000 ounces of gold. *The licenses on the Singida Gold property are in the formal process of having title changed.
  
• Given the regional geology VIPR believes similar gold mineralization is likely to occur on its Singida Gold Property.
  
• Small-scale artisan miners are working throughout the Singida district, indicating ore grade gold mineralization on the surface.
  
• On the company’s Itigi/Manyoni Uranium Property radiometric surveys have identified anomalies in 14 zones within the license area featuring high uranium counts.
  
• VIPR Industries expects to begin exploration and development of its mining claims within the third quarter of 2008.
  
• Mining companies are discovering almost two million ounces of gold annually in Tanzania, which has become the 3rd largest gold producer in Africa. (World Gold Council, July 10, 2008)
  
• Tanzania offers the exploration industry a favorable investment climate and low-risk operating environment with significant potential for new discoveries. The Tanzania Geological Survey reports many commodities are still highly under-explored.
  
• Mining production and revenues are ramping up as mining companies target Tanzania’s unexploited resources. Mineral exports are estimated at nearly $900 million per year. (The Citizen, “Mining firms”, May 16, 2008)
  
• VIPR Industries has retained independent accounting and audit firm Chisholm, Bierwolf and Nilson to complete an audit for 2006 and 2007. The audit lays the groundwork for a near-term listing on a higher exchange.
  
• Effective May 16, 2008 VIPR Industries completed a forward stock split which the company reports was executed in anticipation of future initiatives, including a filing for a listing on the National Association of Securities Dealers Over-the-Counter Bulletin Board (OTC BB).
  
• The International Atomic Energy Agency (IAEA) projects an increase in uranium demand from 66,500 tonnes per year to between 94,000 and 122,000 tonnes by 2030 as nuclear power generation expands worldwide.
  
• The price of uranium is holding steady at $64.50 per pound as of July 25, 2008. Uranium generated an 1108% increase in 7 years, from $7.45 per pound in September 2000 to $90 in September 2007, and subsequently hit an all-time high of $138.
  
• The gold sector is reaching 26-year highs. Gold prices are up 50% since August of last year as investors seek a safe haven from rising inflation and stock market volatility. The price of gold is hovering near $1000 per ounce, at $945 as of July 22, 2008.

VIPR Industries has also acquired the high quality Itigi/Manyoni Uranium Property. Radiometric surveys have identified anomalies indicating fourteen zones highly prospective for uranium on the company’s claims.

VIPR Industries is ideally positioned in the resource sector where demand and prices for both gold and uranium are rising, along with profits for producers. Gold, which offers investors a safe haven and store of value in uncertain financial times, has gained 47% in the past year. The gold market is achieving record growth, boosted by a 76% spike in oil prices, stocks at 21-month lows, increasing weakness in the dollar, ongoing credit market crises, inflation’s climb above 10%, rising gold demand, and a drop in global gold production to its lowest level since 1937.

The market for uranium, the fuel source for nuclear power plants, is growing dramatically. Global energy demand is forecast to rise 50% by 2030, with the non-OECD countries increasing consumption by a staggering 85%, according to the U.S. Department of Energy. Nations worldwide are increasingly embracing clean, emissions-free nuclear power in order to secure reliable large-scale energy supply and combat climate change. Today 439 nuclear reactors in 31 countries generate more than 16% of the world’s electricity supply. Worldwide 35 new plants are under construction, 91 are planned, 228 are proposed, and many existing plants are significantly expanding capacity, according to the World Nuclear Association. The International Atomic Energy Agency estimates nuclear power will expand from 372 GWe today to 509-663 GWe by 2030. Such growth would cause uranium demand to increase from 66,500 tonnes per year to between 94,000 and 122,000 tonnes.