SVV

Further to its press releases dated February 4, 2013 and February 19, 2013,
Solvista Gold Corporation ("Solvista" or the "Company") (TSX
VENTURE:SVV)(OTCQX:SVVZF) is pleased to announce the completion and
over-subscription of its non-brokered private placement financing on February
26, 2013, raising gross proceeds of $5,593,170 through the sale of 12,429,266
units (the "Units") at an amended price of $0.45 per Unit (the "Offering"). 


Gerry McCarvill, Chairman of Solvista and natural resource merchant bank
Norvista Resources Corporation said, "We are very pleased with completing an
oversubscribed financing in the context of the market. We believe the Company's
projects to be robust and we will continue to use the proceeds of this financing
to further the Caramanta and Guadalupe projects." 


Each Unit consists of one common share ("Common Share") and one Common Share
purchase warrant ("Warrant") of Solvista. Each Warrant entitles the holder to
acquire one Common Share at an amended exercise price of $0.60 until February
26, 2015. 


In connection with the Offering, an aggregate of $137,300 in cash was paid and
an aggregate of 355,555 Units were issued, as finder's fees to certain eligible
finders.


The proceeds of the Offering will be used for exploration and general working
capital purposes. The securities issued pursuant to the Offering will be subject
to a statutory four month and one day hold period. The Offering is subject to
certain conditions including, but not limited to, the receipt of all necessary
approvals, including the approval of the TSX Venture Exchange.


Participation in the Offering by certain "related parties" of the Company
constitutes a "related party transaction" as such terms are defined by
Multilateral Instrument 61-101 - Protection of Minority Security Holders in
Special Transactions ("MI 61-101"), requiring the Company, in the absence of
exemptions, to obtain a formal valuation for, and minority shareholder approval
of, the "related party transaction". The Company is relying on the exemptions
from the formal valuation and minority approval requirements of MI 61-101
pursuant to which a formal valuation and minority approval are not required in
the event that at the time the transaction is agreed to, neither the fair market
value of the subject matter of, nor the fair market value of the consideration
for, the transaction, insofar as it involves interested parties, exceeds 25 per
cent of the Company's market capitalization. Persons who are insiders of the
Company and are therefore related parties of the Company subscribed for an
aggregate of 2,922,220 Units of the Offering for gross proceeds of $1,315,000.
The participation by each of the related parties in the Offering was approved by
directors of the Company who are independent of such related parties. 


Pursuant to the Offering, Concept Capital Management (of Ajeltake Road, Ajeltake
Islands, MH 96960 Majuro, Marshall Islands) acquired registered ownership of
4,444,444 Units for proceeds of $2,000,000, and accordingly now has registered
ownership of securities representing 8,888,888 Common Shares of Solvista
(representing approximately 12.31% of Solvista's outstanding Common Shares on a
partially diluted basis after completion of the Offering). Concept Capital
Management did not hold any securities of Solvista prior to the Offering. For
the purposes of National Instrument 62-103 - The Early Warning System and
Related Take-Over Bid and Insider Reporting Issues early warning reporting,
Concept Capital Management acquired the Units by way of a private placement for
investment purposes and may, from time to time, acquire additional securities of
Solvista or dispose of such securities as it may deem appropriate. 


This press release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities will not
be registered under the United States Securities Act of 1933, as amended, (the
"U.S. Securities Act") or any state securities laws and may not be offered or
sold within the United States or to or for the account or benefit of a U.S.
person (as defined in Regulation S under the U.S. Securities Act) unless
registered under the U.S. Securities Act and applicable state securities laws or
an exemption from such registration is available.


About Solvista

Solvista is a gold exploration company with two projects, Caramanta and
Guadalupe. These projects cover approximately 60,000 hectares in the Antioquia
province of Colombia, a region rich in historic gold mining tradition and where
several new gold discoveries have recently been made. Drill programs conducted
during 2012 confirmed the presence of significant gold mineralization at both of
its projects, with drilling ongoing at Caramanta. Solvista's head office is
located in Toronto with its Colombian headquarters located in Medellin. For
further details on Solvista, its management team and its projects, please refer
to Solvista's website (www.solvistagold.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, Solvista's
objectives, goals or future plans, and the proposed use of proceeds of the
Offering. Factors that could cause actual results to differ materially from such
forward-looking information include, but are not limited to, failure to convert
estimated mineral resources to reserves, 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, and those risks
set out in Solvista's public documents filed on SEDAR. Although Solvista
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. Solvista 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Solvista Gold Corporation
Miller O'Prey, PGeo
President and CEO
+1 647 694 0149
moprey@solvistagold.com


Solvista Gold Corporation
Don Christie, CA
Chief Financial Officer
+1 416 504 4171
dchristie@solvistagold.com
www.solvistagold.com

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