Viper Gold Announces Completion of Disposition of Interest in Peru

Viper Gold Ltd. (TSX VENTURE:VPR) ("Viper" or the "Company") announced today
that, further to its press release of March 3, 2014, it has completed the
disposition ("Disposition") of its 50% interest in certain mineral concessions
in Peru known as the Corongo Project held by Corongo Exploraciones S.A.C., a
subsidiary of Duran Ventures Inc. ("Duran"). The proceeds to Viper from the
Disposition were US $200,000. The Disposition closed concurrently with the
disposition of other mining assets held by Duran in Peru to Minera Penoles de
Peru S.A. ("Penoles"), a Peruvian subsidiary of Industrias Penoles S.A.B. de
C.V.


Viper intends to use the proceeds from the Disposition to address its working
capital deficiency, improve the Company's balance sheet, pursue other resource
and mining opportunities and consider additional business opportunities outside
of the mining and exploration field in the ordinary course of business. To avoid
being transferred to NEX board of the TSX Venture Exchange, Viper is required to
file an application with the TSX Venture Exchange in respect of a transaction
that will enable it to meet continued listing requirements by July 30, 2014.
Updates on the status of any new opportunities being pursued by the Company will
be made if, as and when appropriate.


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 release.


Statements in this press release may contain forward-looking information,
including the ability of the Company to identify and pursue new business
opportunities and the use of proceeds from the Disposition. The reader is
cautioned that assumptions used in the preparations of such information may
prove to be incorrect. Events or circumstances may cause actual results to
differ materially from those predicted, a result of numerous known and unknown
risks, uncertainties, and other factors, many of which are beyond the control of
the Company. These risks include, but are not limited to, the risks associated
with the mining industry, commodity prices and delays or changes in plans. There
are specific risks that the Company may not be able to identify suitable
business opportunities on favourable terms to Viper or at all and that the
Company may be delisted from the TSX Venture Exchange. The reader is cautioned
not to place undue reliance on this forward-looking information.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Viper Gold Ltd.
Paul Davis
905-767-9177
www.vipergoldltd.com

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