Aurvista Gold Announces $3 Million Private Placement Financing

(via Thenewswire.ca)

Montreal, Quebec - October 25, 2012, Aurvista Gold Corporation ("Aurvista" or the "Company") (TSX-V: AVA) is pleased to announce that the Company has engaged Jacob Securities Inc. of Toronto, Ontario, to broker a private placement financing. The private placement is offering units ("Units"), for gross proceeds of up to C$3 million (the "Offering"). Each Unit is priced at C$0.25 (the "Offering Price") and will consist of one common share and one-half of one common share purchase warrant with each whole warrant exercisable at C$0.40 to purchase one common share for a period of 24 months from the closing date of the Offering.

The Company has granted the Agents an option to sell additional Units at the Offering Price to raise an additional C$2 million for aggregate gross proceeds of C$5 million.

Broker commissions will be 7% of the gross proceeds of the offering and 7% Broker Warrants. Each such Broker Warrant can be exercised at any time within one year of the date of the Offering to acquire one additional share of the Company at $0.25 per share.

The gross proceeds of the Offering, after deducting the expenses of the Offering, will be used for the upcoming drilling program on the Douay Gold Project in Quebec, Canada, as well as for working capital purposes.

The Offering is scheduled to close approximately mid November, 2012 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About Aurvista Gold

Aurvista Gold Corporation is a junior gold exploration and development company. Aurvista's principal asset is the Douay Gold Project, consisting of 298 contiguous claims totalling approximately 12,704 hectares located on the Casa Berardi Fault in northern Quebec. The Douay Project contains a NI 43-101 compliant Mineral Resource of 114,652,000 million tonnes at 0.75 g/t gold (2.8 million ounces of cold) in the Inferred category and 2,689,000 tonnes at 2.76 g/t gold (238,433 ounces of gold) in the Measured and Indicated category, at a cut-off of 0.3 g/t gold.

Forward-Looking Statements

This news release may contain forward-looking statements based on assumptions, uncertainties and management's best estimate of future events. Actual events or results could differ materially from the Company's expectations and projections. Investors are cautioned that forward-looking statements involve risks and uncertainties. Accordingly, readers should not place undue reliance on forward-looking statements. When used herein, words such as "anticipate", "will", "intend" and similar expressions are intended to identify forward-looking statements. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Aurvista Gold Corporation's filings with Canadian securities regulators available on www.sedar.com or the Company's website at www.aurvistagold.com.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

For further information:

Aurvista Gold Corp.

Richard Adams, President and CEO

Telephone:(416) 682-2674

Facsimile:(416) 504-4129

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.

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