VPR

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Viper Gold Ltd. ("Viper Gold" or the "Company") (TSX VENTURE:VPR) announces that
the Company has granted an aggregate of 456,000 stock options to acquire common
shares in the capital of the Company at a price of $0.40 per share for a period
of five years, all of which vest immediately, to officers and directors of the
Company.


In addition, the Company has granted to Advanture Capital Partners Inc.
("Advanture"), the Company's investor relations service provider, 25,000 options
to acquire common shares in the capital of the Company at a price of $0.40 per
share. The options granted to Advanture will vest over a twelve (12) month
period in accordance with the policies of the TSX Venture Exchange and expire
five (5) years from the date of grant or earlier if the service agreement
between the Company and Advanture is terminated prior thereto. The grant of
options is subject to regulatory acceptance.


Company Profile

Viper Gold Ltd. is an emerging Canadian based junior exploration company focused
on the precious metals potential of the "Gold Corridor" in Northern Peru. 


ON BEHALF OF THE BOARD OF DIRECTORS

Paul C. Davis, President and C.E.O.

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