Solvista Announces $5,000,000 Best Efforts Non-Brokered Private Placement

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


Solvista Gold Corporation ("Solvista" or the "Company") (TSX
VENTURE:SVV)(OTCQX:SVVZF) is pleased to announce that it intends to complete a
best efforts non-brokered private placement financing of up to 8,333,333 units
("Units") at a price of $0.60 per Unit for gross proceeds of up to $5,000,000
(the "Offering"). 


Each Unit consists of one common share ("Common Share") and one Common Share
purchase warrant ("Warrant") of Solvista. Each Warrant entitles the holder to
acquire one Common Share for $0.75 for a period of 24 months following the
closing date of the financing. 


The proceeds of the Offering will be used for exploration and general working
capital purposes. The securities issued pursuant to the Offering will be subject
to a statutory four month and one day hold period. The Offering is subject to
certain conditions including, but not limited to, the receipt of all necessary
approvals, including the approval of the TSX Venture Exchange. 


This press release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities 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 or for the account or benefit of a U.S.
person (as defined in Regulation S under the U.S. Securities Act) unless
registered under the U.S. Securities Act and applicable state securities laws or
an exemption from such registration is available. 


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).   


CAUTIONARY STATEMENT: This news release contains forward-looking information
which is not comprised of historical facts. Forward-looking information involves
risks, uncertainties and other factors that could cause actual events, results,
performance, prospects and opportunities to differ materially from those
expressed or implied by such forward-looking information. Forward-looking
information in this news release includes, but is not limited to, Solvista's
objectives, goals or future plans, and the proposed completion of the Offering.
Factors that could cause actual results to differ materially from such
forward-looking information include, but are not limited to, failure to convert
estimated mineral resources to reserves, capital and operating costs varying
significantly from estimates, the preliminary nature of metallurgical test
results, delays in obtaining or failures to obtain required governmental,
environmental or other project approvals, political risks, uncertainties
relating to the availability and costs of financing needed in the future,
changes in equity markets, inflation, changes in exchange rates, fluctuations in
commodity prices, delays in the development of projects and the other risks
involved in the mineral exploration and development industry, and those risks
set out in Solvista's public documents filed on SEDAR. Although Solvista
believes that the assumptions and factors used in preparing the forward-looking
information in this news release are reasonable, undue reliance should not be
placed on such information, which only applies as of the date of this news
release, and no assurance can be given that such events will occur in the
disclosed time frames or at all. Solvista disclaims any intention or obligation
to update or revise any forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by law.


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