Aurvista Gold Corp. Announces First Closing of Non-Brokered Private Placement

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.


Aurvista Gold Corp. ("Aurvista" or the "Corporation") (TSX VENTURE:AVA)
announces that it has completed the first closing of its private placement of
Units consisting of Common Shares and Warrants as described in its February 27,
2012 press release. Under this first closing, Aurvista issued 4,349,000 Common
Shares and 2,174,500 Warrants for aggregate proceeds of $1,087,250.00. The
securities may not be traded until July 2, 2012. Further closings will be held
in the following weeks. Under the Offering, each Unit is being offered at a
price of $0.25 per Unit. Each whole warrant entitles the holder to purchase one
common share at a price of $0.35 per common share at any time up to 4 o'clock
p.m. (Toronto time) on March 2, 2014 (the "Offering"). The Corporation reserves
the right to increase the Offering to 8,000,000 Units. The Corporation may pay
finders' fees equal to a cash payment of 6%.


The proceeds from the private placement will be used to fund the costs of
issuing a revised 43-101 Technical Report with an updated resource estimate
based on the winter drilling program. The revised 43-101 will also use a revised
cut-off grade competitive with neighbouring mineral deposits. The remaining
proceeds will be used for working capital, following payment of expenses for the
issue.


About Aurvista

Aurvista Gold Corporation is a junior gold exploration and development company.
Aurvista's principal asset is the 100% Douay Property, consisting of 218
contiguous claims totaling approximately 11,440 hectares located on the Casa
Berardi Fault containing a 43-101 compliant global Resource of 42.6 Mt at 1.29
g/t gold (1.8 M oz.) in the Inferred category and 905,000 t at 1.7 g/t gold
(49,000 oz.) in the Measured and Indicated category, at a cut-off of 0.7 g/t
gold. In addition to this Resource, the Douay West deposit hosts a Measured and
Indicated Resource of 313,000 t at 7.75 g/t gold (77,992 oz.) and an Inferred
Resource of 267,000 t at 8.53 g/t gold (73,187 oz.), at a cut-off of 4.0 g/t
gold.


Details of Aurvista's Douay Project can be viewed at the Company's website at
www.aurvistagold.com.


READER ADVISORY 

Statements in this press release may contain forward-looking information
including, but not limited to, statements with respect to the Company's proposed
drill programs. In addition, information concerning the interpretation of drill
results may also be considered forward-looking statements as such information
constitutes a prediction of what mineralization might be found to be present if
and when a project is actually developed. Any statements that are contained in
this press release that are not statements of historical fact may be deemed to
be forward looking statements. The reader is cautioned that assumptions used in
the preparation of any forward-looking information may prove to be incorrect,
including but not limited to, the ability of the Corporation to raise sufficient
capital to pay the exploration and development costs on the properties, the
availability of skilled labour, availability of equipment, and future capital
and operating costs. Events or circumstances may cause actual results to differ
materially from those predicted, as a result of numerous known and unknown
risks, uncertainties, and other factors, many of which are beyond the control of
the Company. Factors that could cause actual results to differ materially from
any forward-looking information include, but are not limited to, the risks of
capital and operating costs varying significantly from estimates, delays in
obtaining or failures to obtain required governmental, environmental or other
project approvals, inflation, commodity price and exchange rate fluctuations,
the uncertainty of estimates and projections relating to production, health,
safety and environmental risks, delays in the development of projects,
uncertainties relating to the interpretation of the geology, unanticipated
operational or technical difficulties and other factors. The reader is cautioned
not to place undue reliance on any forward-looking information. Such
information, although considered reasonable by management at the time of
preparation, may prove to be incorrect and actual results may differ materially
from those anticipated. Forward-looking statements contained in this press
release are expressly qualified by this cautionary statement.


The forward-looking statements contained in this press release are made as of
the date of this press release, and the Company does not undertake any
obligation to update publicly or to revise any of the included forward-looking
statements, whether as a result of new information, future events or otherwise,
except as expressly required by securities law.