SVV

Solvista Gold Corporation (TSX VENTURE:SVV)(OTCQX:SVVZF) ("Solvista" or the
"Company") is pleased to announce that it has entered into a definitive option
agreement (the "Option Agreement") with IAMGOLD Corporation ("IAMGOLD"), which
replaces the letter agreement entered into between the parties (the "Letter
Agreement") as previously announced on December 18, 2013. The Company previously
provided an update on the status of the Letter Agreement in a press release
dated January 24, 2014.


"We are pleased to have reached definitive terms governing our relationship with
IAMGOLD, and are excited to work with them as they continue advancing the
Project," stated Miller O'Prey, President and CEO of Solvista.


Under the terms of the Option Agreement, which are substantially similar to
those in the Letter Agreement, IAMGOLD has agreed to complete a minimum of
US$2,500,000 in exploration expenditures and will have the right to earn up to a
70% interest in the Company's Caramanta Project (the "Project"), located in
Colombia's Mid-Cauca Belt, by completing the following steps:




--  IAMGOLD can earn an initial 51% interest in the Project by investing a
    total of US$18,000,000 (including the US$2,500,000 firm commitment
    described above) in qualifying expenditures, which may include
    US$900,000 of cash payments to Solvista, over a maximum five-year period
    commencing on December 16, 2013; and
--  IAMGOLD can earn an additional 19% interest in the Project, for a total
    70% interest, by investing a further US$18,000,000 in qualifying
    expenditures over a maximum three-year period following the completion
    of the initial 51% earn-in.



Subject to the satisfaction of the aforementioned conditions, and upon
completion of IAMGOLD's 51% or 70% earn-in, as IAMGOLD may elect, Solvista and
IAMGOLD would enter into a joint venture to hold and advance the Project.


The key terms of the Option Agreement were approved by a majority of Solvista's
shareholders, with holders of approximately 60% of Solvista's issued and
outstanding common shares providing their approval in the form of written
consents.


Updated Technical Report

The TSX Venture Exchange (the "TSX-V") required that the Company prepare and
file an updated technical report in respect of the Project (the "Technical
Report") in connection with the entering into of the Option Agreement.


The Technical Report, entitled "Technical Report on the Caramanta Project,
Department of Antioquia, Republic of Colombia" and with an effective date of
February 28, 2014, was authored by Miller O'Prey, President and CEO of the
Company and a 'qualified person' for purposes of National Instrument 43-101
Standards of Disclosure for Mineral Projects ("NI 43-101"). Mr. O'Prey is not
'independent' of the Company based on NI 43-101 but holds no personal interest
in the Project.


A copy of the Technical Report, which was prepared in compliance with NI 43-101,
is available under the Company's SEDAR profile at www.sedar.com.


About the Caramanta Project

The Caramanta Project is located at the centre of the Middle Cauca Belt, one of
the most prolific gold districts in Colombia, with production dating back to
pre-colonial times. It has also been the focus of intense exploration over the
past five years with a number of new discoveries including La Colosa (Anglogold
Ashanti), a porphyry-gold deposit with a JORC-compliant Inferred Resource of
24.15 Moz Au at 0.94 g/t Au. Directly south of the Project is Gran Colombia
Gold's Marmato Project with NI 43-101-compliant Measured and Indicated Resources
of 11.8 Moz Au at 0.9 g/t Au and 80 Moz Ag at 6.1 g/t Ag, and Inferred Resources
of 2.6 Moz Au at 1.02 g/t Au and 9 Moz Ag at 3.7 g/t Ag. To the north is Sunward
Resources' Titiribi deposit where a NI 43-101-compliant Measured and Indicated
Resource of 6.2 Moz AuEq at 0.50 g/t and Inferred Resource of 6.5 Moz AuEq at
0.53 g/t have been announced.


About Solvista

Solvista is a gold exploration company with two projects, Caramanta and
Guadalupe. These projects cover approximately 45,000 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. Solvista is well funded
and has completed initial drill programs at both its projects, with the
discovery of significant mineralization at both. Solvista's head office is
located in Toronto, Canada 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).


Neither the TSX-V nor its Regulation Services Provider (as that term is defined
in the policies of the TSX-V) accepts responsibility for the adequacy of this
news release. No stock exchange, securities commission or other regulatory
authority has approved or disapproved the information contained herein.


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 relates to, among other matters, IAMGOLD's
interest in the Project under the Option Agreement. Factors that could cause
actual results to differ materially from such forward-looking information
include, but are not limited to, Solvista's relationship with IAMGOLD,
fluctuations in equity markets and commodity prices, delays in the development
of the Project, risks involved in the mineral exploration and development
industry, and those other risks set out in Solvista's public documents filed on
SEDAR. Solvista believes that the assumptions and factors used in preparing the
forward-looking information in this news release are reasonable; for example,
that the Option Agreement will not be terminated and IAMGOLD will exercise its
option(s) thereunder. Nevertheless, 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 applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Solvista Gold Corporation
Miller O'Prey, P.Geo.
Chief Executive Officer
+1 647 694 0149
moprey@solvistagold.com


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

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