[Marinir] {Disarmed} Calvista (TSX: CVZ) Drills 9.86 g/t Gold over 7.62 Metres Near the Surface

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http://www.calvistagold.com/ 

CALVISTA INTERSECTS NEAR THE SURFACE 7.62 METRES OF 9.86 G/T GOLD AND 
13.73 METRES OF 5.93 G/T GOLD IN ITS NEWLY ACQUIRED LICENSE 

Calvista Gold Corporation (TSX: CVZ 

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

) is pleased to announce additional assay results in its newly acquired 
property El Carmen (License 90-68) from Drill Holes Cal-31 to 37 ( See 
Figure 1 

http://www.infostockbiz.com/images/CVZ_figure1.jpg 

). The Phase 1 drilling program, has been completed with a total of 
9,836 metres drilled on 24 holes, which compliments the 13 holes drilled 
in 2010, for a total of 14,692.4 metres in 37 drill holes. Calvista is 
also pleased to announce that it is currently working towards a NI 
43-101 resource estimate and expects to have it ready in the first 
quarter of 2012. 

The recently concluded drilling program has connected the mineralized 
structures at the west end of the Company's licenses with the main 
mineralized zone to the east known as AUX Canada Acquisition Inc.'s 
(formerly Ventana Gold Corp.) La Mascota mineralized zone. This trend 
has a strike length of approximated 700 metres on Calvista's licenses. 
The Company's drilling on the eastern licenses has also discovered a 
second mineralized structure related to hydrothermal breccias starting 
from the surface, as well as disseminated gold mineralization within the 
porphyry itself. Modeling of the data currently being carried out is 
designed to provide a better picture of the distribution of the 
mineralization within Calvista's licenses and their economic potential 
and resume drilling of the second phase, 15,000 metre drilling program. 

Included as part of the drill hole assay results reported below, Cal-35 
targeted near the surface high-grade shoots within the main broad 
north-east trending mineralized zone, which hosts the neighbors' 
deposits as mentioned in the previous paragraph, and returned an 
intersection of 7.62 metres of 9.86 grams per tonne ("g/t") gold, and 
Cal-36, which intercepted from 35.05 to 48.76 metres an interval of 
13.73 metres at 5.93 g/t gold. 

Overall drill results from the 7 holes ranged from below detection to 
1.53 metres of 32.4 g/t gold, and included the select results in the 
following table: 

El Carmen (License 90-68) & El Sinu (License 98-68): Selected Drill 
Intercepts (1.0 g/t Cutoff). 

Hole From To Int * Au, g/TM Ag, ppm Cu, ppm 

Cal-31 144.78 146.30 1.52 12.29 7.95 955 

182.88 184.40 1.52 10.36 14.00 8,815 

187.45 188.97 1.52 5.71 10.00 6,649 

521.20 522.73 1.53 3.45 217.00 742 

Cal-32 53.34 57.91 4.57 4.22 3.28 850 

Cal-33 0.00 32.00 32.00 2.48 16.69 407 

64.00 65.53 1.53 3.32 32.00 642.2 

Cal-34 0.00 6.09 6.09 2.09 32.02 641 

10.66 18.28 7.62 1.78 16.07 699 

110.64 118.87 8.23 1.97 26.56 638 

123.74 124.96 1.22 4.09 24.00 740 

281.94 289.56 7.62 1.37 0.09 122 

295.65 298.70 3.05 1.22 0.10 158 

342.90 347.47 4.57 2.77 >10.00 

376.42 379.47 3.05 19.79 >10.00 1,018 

Incl 376.42 377.95 1.53 32.40 >10.00 1,190 

480.06 600.15 Pending ** 

Cal-35 28.95 36.57 7.62 9.86 2.61 903 

incl 28.95 30.48 1.53 29.57 12.00 1,076 

80.77 83.82 3.05 4.33 11.55 1,870 

149.35 152.40 3.05 2.70 5.10 5,510 

Cal-36 0.00 12.19 12.19 1.72 >10.00 684 

35.05 48.76 13.71 5.93 >10.00 572 

incl 44.19 47.24 3.05 11.84 >10.00 700 

60.96 68.58 7.62 2.42 6.97 1,310 

74.67 76.20 1.53 3.67 2.05 1,342 

118.87 121.92 3.05 2.44 5.98 592 

461.77 463.29 1.52 10.70 11.00 4,077 

Cal-37 Pending ** 

* True width to be determined in the future. 

** Cal-34 (480.06 to 600.15 meters) and Cal-37 (0 to 554 meters) assay 
results are pending. 

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 Medellin, 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'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. 
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. 

FOR FURTHER INFORMATION PLEASE CONTACT: 

Ruben Shiffman 

+1 416 504 3559 

rshiffman at calvistagold.com 

Click here to see Figure 1 in full size 

http://www.infostockbiz.com/images/CVZ_figure1.jpg 

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. 

For more information about this service, please see: 
www.infostockbiz.com 

http://www.infostockbiz.com 

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