VIPR Receives Budget to Commence Mining Operations on the Mwamagunguli Diamond Deposit, Prepares to Advance Funds While

LAS VEGAS, NEVADA, Apr 07 (MARKET WIRE) --
VIPR Industries Inc. (PINK SHEETS: VIPR) ("VIPR") Announces it has
received and is reviewing a budget towards the commencement of mining
operations on the Mwamagunguli Diamond Mine, which the company presently
has an ownership interest in. Recent events regarding financing, has
permitted VIPR to initiate discussions on advancing further funds to the
property, simultaneously increasing its ownership position. Further
details on financing to be announced shortly.

To increase the company's ownership position in Mwamagunguli, VIPR must
advance funds that are to go strictly towards exploration and mining of
the property. Should the company be successful in raising and advancing
the required funds, mining operations can commence as early as 60 days.
Although not complete confirmation, an independent report indicates
mining operations are expected to extract over 6,000 carats, in the first
year of operations, which could generate a minimum profit of $1,500,000
per year.

The recent pitting and trenching operation processed 725 ton of
Kimberlite gravel ore, which recovered 29 stones with a yield 49 carats
of diamonds. Based on the thickness of the Kimberlite pool, Geologist
(Javan E. Bidogo) estimated a minimum resource of 100,000 carats of
diamonds at a value of over $30 Million Dollars making it a very
potentially lucrative asset. The report created by JICL Consultants
provides an estimation on the potential of the deposit. Below is a
snapshot of the report. A detailed report can be requested through the
company:

Total area equals 30Ha equals 300,000 m2

Average gravel thickness equals 2.3m

Average diamond grade equals 6.8 Cpht

Density of gravel material equals 2.14 tfm3

Value of diamond in US$/carat equals 300 US$/carat

Volume of gravel equals 300,000m2x 2.3m equals 690,000 m3

Tones equals 690,000m3x 2.14 tfm3 equals 1,476,600 tonnes

Total carats equals 1,476,600 tonnes x 6.8 Cpht equals 100,408.8 carats

The Mwamagununguli Diamond Deposit was previously announced by VIPR
whereby it signed an agreement to acquire up to 50% ownership of the
property. Terms of the agreement consisted of an initial payment, which
was paid in return for an interest in the property and exclusive rights
for an agreed upon period of time. Further funds are required to be paid
in order for VIPR to receive up to 50% interest, but any funds that are
deemed paid shall go strictly to exploration of the property. Any amount
of funds paid shall enable VIPR to retain its percentage of the property
on a prorate basis. Should the exclusive period expire without all of the
required funds being advanced, VIPR shall maintain its prorate portion
and a right of first refusal.

The property is located near to the Williamson Diamond Mine. The
Williamson Mine is currently owned 75% by diamond mining giant De Beers,
and 25% by the Government of Tanzania, which has a production history
that spans six decades. The Williamson pipe covers 360 acres and at the
time of its discovery in 1940, was considered the largest economically
exploitable pipe in the world. The large open pit mine is currently about
90 meters (300 ft) deep and located about 160 kilometers (100 miles)
south of the town of Mwanza on the shores of Lake Victoria in Tanzania,
in the Shinyanga region. The most important geological feature of the
Williamson diamond mine is the Kimberlite pipe, which ranks as the
largest economically exploitable diamond-bearing volcanic pipe in the
world. Dr. Williamson, the discoverer of the site, first owner and
namesake of the mine, named the site "Mwadui" after a local chief;
"Williamson" and "Mwadui" are now virtually synonymous in the diamond
mining world.

JC Barbeck, President and CEO of VIPR Industries, commented: "Although
the initial results on Mwamagununguli does not confirm a minable reserve,
the highly encouraging JICL pitting and trenching results underscore the
potential for economic diamond production along the' Mwamagununguli
Diamond property. The geology report from Mwamagununguli estimates a
minimum resource of 100,000 carats of diamonds at a value of over $30
million. These are professional initial estimated results which could be
materially different from actual confirmed results and mineable reserves."

About VIPR Industries

VIPR Industries Inc. is a precious metals exploration and development
company focused on gold, uranium, diamonds and other high quality
precious metal resources and reserves through mergers, acquisitions and
resource development.

Safe Harbor

This news release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995 (The "Act"). In
particular, when used in the preceding discussion, the words "pleased,"
"plan," "confident that," "believe," "expect," or "intend to," and
similar conditional expressions are intended to identify forward looking
statements within the meaning of the Act and are subject to the safe
harbor created by the Act. Such statements are subject to certain risks
and uncertainties and actual results could differ materially from those
expressed in any of the forward-looking statements. Such risks and
uncertainties include, but are not limited to, general economic
conditions, inherent mining risks, market conditions, competitive
factors, the ability to successfully complete additional financings and
other risks described in the Company's filings and website, which all
investors are advised to view at
www.viprindustries.com/motion.asp?menuid=6266&lgid=1&siteid=100382.

Contacts:
VIPR Industries Inc.
Investor Relations
(702) 940-0440
Email: info@viprindustries.com
Website: www.viprindustries.com

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