TORONTO, ONTARIO--(Marketwire - July 25, 2012) - Solvista Gold Corporation ("Solvista" or the "Corporation") (TSX VENTURE:SVV)(OTCQX:SVVZF) announces the grant of a total of 345,000 stock options to certain employees of the Corporation pursuant to the Corporation's stock option plan. The stock options were granted effective July 25, 2012, exercisable at a price of $0.75 per common share and expire on July 25, 2017; The options shall vest 1/3 on later of (i) July 25, 2012 (the "Option Grant Date") and (ii) upon completion by each Grantee (the "New Grantee"), if applicable, of three months employment with the Corporation (the "Probationary Period"), 1/3 on the first anniversary of the Option Grant Date or, in the case of a New Grantee, on the first anniversary of the completion of the Probationary Period and 1/3 on the second anniversary of the Option Grant Date or, in the case of a New Grantee, the second anniversary of the completion of the Probationary Period. The vested options are exercisable, in whole or in part, prior to the expiry date indicated above and subject to the terms of the Corporation's Option Agreement.
Solvista Gold Corporation (TSX VENTURE:SVV)(OTCQX:SVVZF) is a gold exploration company with two exploration 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 several new gold discoveries. Solvista is well funded and plans to complete aggressive drill programs at both projects during 2012. Solvista's head office is located in Toronto with its Colombian headquarters located in Medellín. For further details on Solvista, its management team and its projects, please refer to Solvista's website (www.solvistagold.com). Solvista's Canadian regulatory filings can be found on SEDAR at www.sedar.com.
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.