[Marinir] {Disarmed} Calvista Gold (TSX: CVZ) Drills 19.41 Metres of 22.16 g/t Gold, Incl. 0.91 Metres of 308.30 g/t Gold

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http://www.calvistagold.com/ 

CALVISTA GOLD CORPORATION INTERSECTS 19.41 METRES OF 22.16 G/T GOLD 
INCLUDING 0.91 METRES OF 308.30 G/T GOLD 

Calvista Gold Corporation (TSX: CVZ 

http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=CVZ&region=C&lookup=symbol&snapshot=default 

) ("Calvista" or the "Company") is pleased to announce additional drill 
hole assay results from its Phase I drill program. During 2011, 
approximately 6,680.5 metres have been drilled of the 10,000 metre Phase 
I drill program (see Figure 1) and results are reported below for the 
second five holes (Cal 19 to 23), which comprise 4,180.6 metres. Results 
for the first five drill holes in the program were disclosed in the 
Company's press release on September 20, 2011. This current Phase I 
drill program complements the 4,786.89 metres drilled last year with 
significant gold assay results reported in a press release dated May 11, 
2011. In addition, drilling started on Licence 90-68 (El Carmen), one of 
the newly acquired properties announced in Calvista's press release 
dated August 23, 2011 as well as on License 98-68 (El Sinu), which the 
Company anticipates to be an extension of the mineralization in the 
adjacent License 37-68 (Callejon Blanco). 

Included as part of the drill hole assay results reported below, Cal-21 
targeted high-grade shoots within the main broad north-east trending 
mineralized zone, which hosts Galway Resources Ltd.'s ("Galway") and AUX 
Canada Acquisition Inc.'s ("AUX"), formerly Ventana Gold Corp. gold 
mineralization, and returned an intersection of 19.41 metres of 22.16 
grams per tonne ("g/t") gold including 5.49 metres of 70.21 g/t gold, 
and 0.91 metres of 308.30 g/t gold. 

Overall drill results from the 5 holes ranged from below detection to 
0.91 metres of 308.30 g/t gold, and included the select results in the 
following table: 

Callejon Blanco (License 37-68): Selected Drill Intercepts (1.0 g/t 
Cut-off) 

Hole 

(m) From 

(m) To 

(m) Width* 

(m) Grade 

g/t Au Grade 

g/t Ag 

Cal-19 163.06 116.11 3.05 1.23 >10 

190.50 196.59 6.09 1.43 >10 

219.45 220.98 1.53 2.92 2.28 

Cal-21 44.62 45.72 1.10 5.93 0.80 

64.00 65.53 1.53 2.29 >10 

156.97 158.49 1.52 2.16 9.23 

204.21 205.88 1.67 3.73 >10 

214.53 216.40 1.87 2.56 5.91 

266.70 268.22 1.52 4.15 1.45 

275.84 277.36 1.52 2.83 >10 

449.58 452.62 3.04 1.34 5.17 

468.47 487.88 19.41 22.16 >10 

incl 468.47 473.96 5.49 70.21 >10 

incl 470.00 470.91 0.91 308.30 >10 

Cal-23 220.98 249.93 28.89 1.05 1.58 

incl 224.94 226.46 1.52 8.87 2.34 

incl 248.41 249.93 1.52 1.93 5.34 

Jaramalla (License 100-68): Selected Drill Intercepts (1.0 g/t Cut-off) 

Hole 

(m) From 

(m) To 

(m) Width* 

(m) Grade 

g/t Au Grade 

g/t Ag 

Cal-20 6.07 7.62 1.53 10.01 0.43 

33.52 35.05 1.53 3.47 >10 

110.03 114.30 4.27 7.70 >10 

incl 111.25 112.77 1.52 17.33 >10 

Buenavista (License 14031): Selected Drill Intercepts (1.0 g/t Cut-off) 

Hole 

(m) From 

(m) To 

(m) Width* 

(m) Grade 

g/t Au Grade 

g/t Ag 

Cal-22 3.04 4.57 1.53 2.10 2.29 

10.66 12.19 1.53 2.76 3.27 

169.16 173.73 4.57 1.77 >10 

353.56 355.09 1.53 3.94 >10 

440.43 441.96 1.53 2.48 >10 

*True width to be determined in the future. 

Geological mapping and surface geochemistry sampling is currently being 
conducted on the Buenavista and adjacent claims. It is anticipated that 
this work will be completed this year. 

The drill and assay data is starting to build the structural model for 
the mineralization controls at the California Project. Working with 
cross, long and plan sections, an approximate size of the mineral 
envelope should be available by the end of this drilling program. A 
15,000 metre drill program will follow the completion of the current 
10,000 metre drill program and Calvista is on track to complete a 
resource estimate in late 2012. Preliminary crosssections should be 
available next month. Calvista's properties straddle a collective 1.2 
kilometres of these structures. Other exploration companies in the camp 
and straddling the structures, include; Eco Oro Minerals Inc., AUX 
(formally Ventana Gold Corp and recently sold for $1.5 billion) and 
Galway. 

Quality Assurance 

Calvista has developed and implemented Quality Assurance/Quality Control 
protocols that meet current industry best practices. Calvista's protocol 
during the 2011 drill program includes the insertion of blanks and both 
core and reject duplicates as well as a limited number of certified 
standards into the sample stream. Samples with assay results greater 
than 10 g/t Au are re-assayed by metallic screen analysis. Samples were 
prepared at a preparation facility in Medellín, Colombia run by 
SGS Colombia S.A, ("SGS") before being shipped for analysis to the SGS 
certified assay laboratory in Lima, Peru. 

Technical Information 

The scientific and technical information in this news release has been 
reviewed, verified and compiled by Calvista's President & CEO, CPG 
Michael D. Johnson, P.Geo., a "qualified person" as defined by National 
Instrument 43-101. For further details on the California Project, please 
refer to the technical report of Calvista dated January 17, 2011 
entitled "Technical Report on the California Project, Department of 
Santander, Colombia." prepared by Paul Chamois, M.Sc. (Applied), P.Geo., 
available on SEDAR at www.sedar.com 

http://www.sedar.com 

. 

About Calvista 

Calvista is a mineral exploration company focused on the acquisition, 
exploration and development of properties for the mining of gold and 
other minerals. Calvista was founded by and was initially a subsidiary 
of Norvista Resources Corporation, a private resource-oriented merchant 
bank based in Toronto. Calvista's California Project is comprised of 
eleven mining titles grouped into six non- contiguous blocks located in 
the California mining district, Department of Santander, in Colombia. 
All properties are located below 3,200 metres and are not affected by 
the Paramo ecosystem law. Calvista is well funded and led by a 
management team with over 45 years of exploration and mining experience, 
principally in South and Central America. Calvista's head office is 
located in Toronto with its Colombian headquarters located in 
Bucaramanga. For further details on Calvista, its management team and 
its project, please refer to Calvista's web site ( www.calvistagold.com 

http://www.calvistagold.com 

). Calvista's Canadian regulatory filings can be found on SEDAR at 
www.sedar.com 

http://www.sedar.com 

. 

FOR FURTHER INFORMATION PLEASE CONTACT: 

Denise Boushy: Investor Relations 

+1 416 504 4199 

dboushy at calvistagold.com 

Neither the TSX nor its Regulation Services Provider (as that term is 
defined in the policies of the TSX) accepts responsibility for the 
adequacy of this release. No stock exchange, securities commission or 
other regulatory authority has approved or disapproved the information 
contained herein. 

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, Calvista's objectives, goals or 
future plans, statements regarding exploration results, potential 
mineralization, exploration plans and the timing of a potential resource 
estimate. Factors that could cause actual results to differ materially 
from such forward-looking information include, but are not limited to, 
uncertainties inherent to preparing a resource estimate within expected 
timeline, 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, 
enhanced risks inherent to conducting business in a jurisdiction such as 
Colombia, and those risks set out in Calvista's public documents filed 
on SEDAR. Although Calvista 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. Calvista 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. 

Figure 1: Drill Hole Location 

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