Company Overview

Calvista Gold Corporation a publicly listed company on the Toronto Stock Exchange (TSX:CVZ) is a result of a joint venture between Norvista Resources Corporation and a group of local miners organized under the "Asociacion Minera la Baja California". Under the Venture, the miners are founding partners together with Norvista and have two seats on the Board of Directors. The California Project encompasses eleven mining titles within the Municipality of California in the Province of Santander in Colombia contiguous to Galway Resources and AUX Canada Acquisition Inc. (formerly Ventana Gold Corp.).

Calvista Colombia the fully owned subsidiary from Ontario company Calvista Gold, holds 100% of the titles for the following eight licenses: 14031 (Buenavista); 108-68 (Tesorito); 37-68 (Callejón Blanco); 100-68 (Jaramalla); 160-68 (Divino Niño); 41-68 (Jordán); 132-68 (Cacique); 109-68 (El Alto). In addition, it has an option agreement to purchase 100% of license 98-68 (El Sinu) and a reverse option agreement to purchase 100% of license 90-68 (El Carmen) and 16.66% of license 39-68 (Los Andes).

On May 11, 2010, Calvista successfully completed its initial public offering and issued an aggregate of 17,407,300 units at a price of $1.00 per unit to raise aggregate gross proceeds of $17,407,300, all pursuant to the final prospectus dated April 25, 2011. Each Unit consisted of one common share of Calvista and one-half of one share purchase warrant, each warrant entitling the holder thereof to acquire one additional common share of Calvista at an exercise price of $1.40 until May 11, 2013. The common shares of Calvista trade at the Toronto Stock Exchange under the symbol "CVZ", and the warrants trade under the symbol "CVZ.WT".

Law 1382 of 2010 which reforms the existing Mining Code requires that mining and exploration activity must be excluded from the "Paramo" ecosystem. Paramo is an ecosystem above 3,200 m elevation consisting of glacier-formed valleys and plains with lakes, peat bogs, and wet and dry grasslands intermingled with shrub lands and forest patches. All of the Corporation's properties comprising the California Property are located below the Paramo ecosystem and, therefore, are not affected by the new legislation. Read More...

Content Written by:
Scott Wilson Roscoe Postle associates Inc.
Qualified Person:
Paul Chamois M.Sc. P.Geo
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