[Marinir] {Disarmed} Calvista (TSX: CVZ) Increases California Land Package by 65 Percent

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http://www.calvistagold.com/ 

Calvista Increases California Land Package by 65 Percent 

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 that it has entered into an agreement to 
acquire part ownership of a 132 hectare exploration license bordering 
its Callejón Blanco prospect which shares more than 1.5km of border with 
AUX Canada Acquisition Inc. and on the Pie de Gallo and San Celestino 
mineralized gold zones. Figure 1 shows in cross-hatching the newly 
acquired license. 

The Company's Executive Chairman, Dr. Ruben Shiffman, stated that "the 
California Valley in Colombia is an exciting part of the world. Calvista 
continues to take a parsimonious approach of drilling and integrating 
into the Valley. We believe this strategy will yield good returns to our 
shareholders." 

http://www.infostockbiz.com/images/CVZ_0627map.jpg 

FIGURE 1 – Calvista's New Mining License 

Calvista's wholly owned subsidiary, Sociedad Minera Calvista Colombia, 
S.A.S. ("Calvista Colombia") has entered into an option agreement to 
acquire 18.787% interest of all the minerals in the entire area of 
license FCC-814, comprising 132 hectares and 185.5 square metres. The 
interest will be exercisable as follows: (i) paid upon execution of the 
option agreement, US$100,000, (ii) paying 20 days after execution of the 
option agreement, an additional US$100,000, (iii) paying upon 
registration at the Colombian mining authority of the transfer of the 
18.787% interest to Calvista Colombia, an additional US$275,000 plus an 
aggregate of seven hundred thousand common shares of Calvista, (iv) 
paying, upon the exercise of the option agreement, an additional amount 
of US$600,000 plus seven hundred thousand common shares of Calvista, and 
granting a 2% net smelter return royalty on gold and silver on 18.787% 
of the production. If after the exercise of the option the aggregate 
amount of cash paid and common shares of Calvista issued for such 
exercise is less than US$2,100,000, Calvista Colombia will pay the 
difference in either cash or common shares of Calvista, at the option of 
Calvista Colombia. The issuance of common shares of Calvista in 
accordance with the option agreements is subject to approval by the TSX. 
In accordance with the option agreements, the holder of the mining 
license is submitting to the mining authorities all documents required 
to effect the transfer of the 18.787% interest to Calvista Colombia, and 
the term of the option agreements expires 14-months from the date of the 
registration of such transfers by the mining authority. The 18.787% 
interest is subject to transfer back by Calvista Colombia in the event 
Calvista Colombia does not exercise the option. 

Technical Information 

Mr. Ricardo Valls, P. Geo., Calvista's VP Exploration, is the Company's 
designated Qualified Person for this press release within the meaning of 
National Instrument 43-101 Standards of Disclosure for Mineral Projects 
and has reviewed and validated that the technical information contained 
in the release is accurate. 

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. All the Company's prospects in the California Valley are 
located below 3,200 metres and are not affected by the Paramo ecosystem 
law. With a head office in Toronto and Colombian headquarters in 
Bucaramanga, Calvista is led by a management team with over 50 years of 
exploration and mining experience, principally in South and Central 
America. For further details on the Company, please refer to Calvista's 
website ( www.calvistagold.com 

http://www.calvistagold.com 

) and Calvista's Canadian regulatory filings on SEDAR at www.sedar.com 

http://www.sedar.com 

. 

For further information please contact: 

Ruben Shiffman Executive Chairman 

Mark Haywood President & CEO 

Donald Christie CFO and Corporate Secretary 

Gary Anstey Investor Relations/Business Development 

Corporate office Suite 1500, 4 King West, Toronto, Ontario, Canada M5H 
1B6 

Telephone +1 416 504 4199 

Email info at calvistagold.com 

Web www.calvistagold.com 

http://www.calvistagold.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, Calvista's objectives, goals or 
future plans, statements regarding exploration results, 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. 

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http://www.infostockbiz.com 

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