Montreal, Quebec: Aurvista Gold Corporation (“Aurvista” or the “Company”) (TSX-V: AVA, OTC: ARVSF, Frankfurt: AV2/A1JL1Z) has closed the non-brokered private placement of C$500,000 (the “Closing”). The Private Placement consisted of 5,000,000 units at a price of C$ 0.10 per unit for gross proceeds of C$ 500,000. Pricing was based on the closing share prices on July 8^th, 2016 and was approved by the TSX-V at that time. Share prices have increased sharply since that price reservation.  Each unit consisted of one common share and one half warrant. Each whole warrant will entitle the holder to purchase one additional common share of the Company at an exercise price of C$ 0.13 per share for a period of 36 months from the closing date.

All the securities are subject to a four-month hold period from the Closing date. A finder's fee of C$ 16,100 will be paid in accordance with the policies of the TSX Venture Exchange (the “Exchange”), and the Company also issued 161,000 finder warrants allowing the holder to purchase one common share of Aurvista at C$ 0.13 for a period of one year from the Closing date. The private placement is subject to the final approval of the TSX-V.

The Company intends on using the net proceeds from the private placement to continue advancing the Douay Gold Project and for general corporate purposes.

Vior Compensation Agreement

Aurvista acquired the Douay Gold Project in 2011 from the Société d’Exploration Minière Vior Inc. (“Vior”). The 2011 agreement provided Vior with a pre-emptive right to subscribe for shares of Aurvista in the event that Aurvista made any share issuances. Vior had wanted to participate in the Private Placement of Aurvista which closed today, but agreed not to participate at the request of Aurvista. In order to compensate Vior for not participating it was agreed that Aurvista would pay Vior C$ 120,000 for this specific offering, with its rights under the 2011 agreement remaining whole and unaffected.

Hiring of Fallon Capital Inc.

Aurvista has hired over a three-year term Fallon Capital Inc. (“Fallon’), for Promotional services under TSX Venture Exchange rules and policies. For its services, Fallon will receive 500,000 share options at a price of $0.24 per share over 5 year period, vesting 25% immediately and 25% at each anniversary following the grant. The agreement requires final approval from the TSX Venture Exchange.

About Aurvista Gold Corp.

Aurvista Gold Corporation is a junior gold exploration and development Company with 90,689,121 shares outstanding trading on the TSX Venture Exchange in Canada, the Frankfurt Stock Exchange and OTC Pink Sheets in the US. Aurvista’s only asset is the Douay Gold Project, consisting of a 100% owned interest in 250 contiguous claims totaling 133.1 km², plus a 90% interest in 5 contiguous claims totaling 0.2 km² and a 75% interest in 32 contiguous claims totaling 11.9 km². In total there are 287 claims covering 145.3 km² located along a 20 km segment of the Casa Berardi Deformation Zone in the prolific Abitibi Greenstone Belt of northern Quebec.

For further information please contact:

Mr. Jean Lafleur, P. Geo.
President and CEO, Director
Cell +1 514 927 3633

Mr. Bryan Keeler

Chief Financial Officer
+1 416 504 4126