Blue Vista Technologies Inc. Announces Closing of Second Tranche of Private Placement

Blue Vista Technologies Inc. (TSX VENTURE:BV.H) (the "Company") is pleased to
announce that it has closed a second tranche (the "Second Tranche") of units for
its previously announced private placement (the "Offering"). 


The Company issued 200,000 units ("Units") at a price of $0.05 per Unit for
proceeds of $10,000 under the Second Tranche and aggregate gross proceeds of
$900,000 under the Offering. Each Unit consists of 1 common share and 1 common
share purchase warrant exercisable on or before December 30, 2011. 


Proceeds of the Offering will be used for working capital, acquisitions,
incurring Canada exploration expenditures (within the meaning of the Income Tax
Act (Canada)), to settle debt with cash and to bring the continuous disclosure
record of the Company up to date.


The securities issued pursuant to the Offering are subject to a four-month hold
period. In addition, the Offering is subject to certain conditions including,
but not limited to, the receipt of all necessary approvals including the
approval of the NEX.


The Company is investigating strategic alternatives, including the sale of its
assets and possible acquisitions, which may, or may not, involve a change of
business, in order to enhance shareholder value.


Except for historical information contained herein, this news release contains
forward-looking statements that involve risks and uncertainties. Actual results
may differ materially from those currently anticipated due to a number of
factors and risks. The forward-looking statements contained in this press
release are made as of the date hereof and the Company undertakes no obligation
to update publicly or revise any forward-looking statements or information,
whether as a result of new information, future events or otherwise, unless so
required by applicable securities laws.


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