Solvista Gold Applies for Extension to Expiry Dates of Warrants

Solvista Gold Corporation ("Solvista" or the "Corporation") (TSX
VENTURE:SVV)(OTCQX:SVVZF) has applied to the TSX Venture Exchange for the
extension of the expiry dates of certain common share purchase warrants issued
by the Corporation. 


Prior to its going public transaction in 2011, the Corporation completed a
private placement of 20,000,000 subscription receipts (the "Subscription
Receipts") at a price of $0.75 per Subscription Receipt which closed in three
tranches on January 26, February 10 and February 11, 2011. Each Subscription
Receipt automatically converted into units of the Corporation upon completion of
its qualifying transaction on April 27, 2011, where each unit was comprised of
one common share and one-half of one common share purchase warrant. Each whole
warrant entitles the holder to purchase one common share of the Corporation at a
price of $1.10 on or before April 27, 2013. The new expiry date of these
warrants that has been requested extends for an additional year until April 27,
2014. 


The company also completed a private placement on May 11, 2011 of 3,647,063
units at a price of $0.75 per unit. Each unit consisted of one common share and
one half of one common share purchase warrant. Each whole warrant entitles the
holder to purchase one common share of the Corporation at a price of $1.10 on or
before May 11, 2013. The new expiry date of these warrants that has been
requested also extends until April 27, 2014. 


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. Drill programs conducted
during 2012 confirmed the presence of significant gold mineralization at both of
its projects, with drilling ongoing at Caramanta. 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).


FOR FURTHER INFORMATION PLEASE CONTACT: 
Solvista Gold Corporation
Miller O'Prey, PGeo
President and CEO
[phone]
[e-mail]


Solvista Gold Corporation
Don Christie, CA
Chief Financial Officer
[phone]
[e-mail]
www.solvistagold.com