VIPR Industries Announces Completion of Its Corporate Restructuring as It Prepares to Commence Formal Operations

TORONTO, ONTARIO, Jul 23 (MARKET WIRE) --
VIPR Industries Inc. ("VIPR") (PINK SHEETS: VIPR) is pleased to provide
the following company update.

VIPR Industries has been actively working on its restructuring, is now
close to completion and ready to commence formal operations. The Company
over the past several months has reorganized its business over several
segments. The Company has diligently complied with all Pink Sheets
requirements necessary to change its designation to current issuer status
to provide greater corporate transparency and disclosure.

VIPR has retained the services of accounting firm, Chisholm, Bierwolf,
and Nilson to act as its independent auditor of record. The firm has been
engaged to perform an audit on its year end for years 2006 and 2007, a
review of its most recent quarters, and is now in the final review stages
for completion of its audit. The audit is to be used for an anticipated
registration statement, expected to be filed with the Securities and
Exchange Commission within the coming weeks.

The Company will shortly be announcing developments made to its business
which includes acquisitions and key board appointments.

About VIPR Industries Inc.

VIPR Industries Inc. is a Toronto-based precious metals exploration and
development company focused on Gold, Uranium, and other precious metal
resources and reserves through mergers, acquisitions and resource
development.

Cautionary "Safe Harbor" Statement Under the Private Securities
Litigation Reform Act of 1995. Some of the information included in this
press release and other documents by VIPR Industries Inc. (as well as
information included in statements made by its representatives, about
information about the business it is engaged in or proposes to engage in
or about acquisitions) may contain forward looking statements. Forward
looking statements do not relate strictly to historical or current facts,
often will be phrased in the future tense and may include the words
"may," "could," "should," "would," "believe," "expect," "anticipate,"
"estimate," "intend," "plan" or other words or expressions of similar
meaning. Forward looking statements that relate to VIPR Industries Inc.
("VIPR") or its present or proposed business are based on VIPR's current
beliefs and expectations about future events and include statements that
reflect management's beliefs, plans, objectives, goals, expectations,
anticipations and intentions with respect to VIPR's financial condition,
results of operations, future performance and business, including
statements relating to VIPR's business strategy and VIPR Industries
current and future development plans. Factors that could cause actual
results to differ materially from projections include, among others,
precious metals prices, decisions and activities of the operator of the
various properties, unanticipated grade, geological, metallurgical,
processing or other problems the operator may encounter, changes in
project parameters as plans continue to be refined, economic and market
conditions, as well as other factors described elsewhere in this press
release or any other filings submitted by VIPR. In addition, acquired
royalty interests on certain projects are subject to risks associated
with conducting business in a foreign country, including application of
foreign laws to contract and other disputes, foreign environmental laws
and enforcement and uncertain political and economic environments. Most
of these factors are beyond the Company's ability to predict or control.
The Company disclaims any obligation to update any forward-looking
statement made herein. Readers are cautioned not to put undue reliance on
forward-looking statements.

Contacts:
VIPR Industries Inc.
Investor Relations
(416) 644-8648
Email: info@viprindustries.com
Website: www.viprindustries.com

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