Vida Ventures Ltd. Completes Initial Public Offering as a Capital Pool Company

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Vida Ventures Ltd. ("Vida" or the "Company") (TSX VENTURE:VDA.P), a capital pool
company, is pleased to announce that it has successfully completed its initial
public offering (the "IPO") of 6,000,000 common shares at a price of $0.10 per
share common share for gross proceeds of $600,000 (the "Proceeds").


The TSX Venture Exchange (the "Exchange") has conditionally approved the listing
of Vida as a capital pool company, and trading in the Company's shares under the
symbol "VDA.P" is expected to commence on August 11, 2011.


Canaccord Genuity Corp. acted as agent (the "Agent") for the IPO. The Company
has paid the Agent a cash commission equal to 10% of the Proceeds and granted
non-transferable agent's warrants (the "Agent's Warrants") to purchase 600,000
common shares of the Company at a price of $0.10 per share. The Agent's Warrants
are exercisable for a period of 24 months from the date of the Company's initial
listing on the Exchange. The Company also granted the agent the right of first
refusal to provide any further brokered financing of equity or securities
convertible into equity, and to provide sponsorship services for any Qualifying
Transaction. The right of first refusal is for a period of 24 months from the
date the shares are listed on the Exchange.


Vida also granted stock options to its directors and officers to acquire up to a
total of 1,470,000 common shares, exercisable at $0.10 per share for a period of
five years from the date Vida's shares are listed on the Exchange.


The Company is a capital pool company within the meaning of the policies of the
Exchange. The Company has not commenced operations and has no assets other than
cash.


The Company intends to use the net proceeds of the IPO to identify and evaluate
potential Qualifying Transactions in accordance with the policies of the
Exchange.


ON BEHALF OF THE BOARD

"IAT WAI CHAN"

IAT WAI CHAN, President & CEO

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect
the expectations of management regarding the Company's listing of its common
shares on the Exchange. Forward-looking statements consist of statements that
are not purely historical, including any statements regarding beliefs, plans,
expectations or intentions regarding the future. Such statements are subject to
risks and uncertainties that may cause actual results, performance or
developments to differ materially from those contained in the statements. No
assurance can be given that any of the events anticipated by the forward-looking
statements will occur or, if they do occur, what benefits the Company will
obtain from them.


This press release does not constitute an offer to sell or solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any state securities laws and may not
be offered or sold within the United States or to a U.S. Person unless
registered under the U.S. Securities Act and applicable state securities laws or
an exemption from such registration is available.