Solvista Provides Update on Letter Agreement With IAMGOLD

Solvista Gold Corporation ("Solvista" or the "Company") (TSX
VENTURE:SVV)(OTCQX:SVVZF) wishes to provide an update on the status of its
Letter Agreement (the "Agreement") with IAMGOLD Corporation ("IAMGOLD"), which
Agreement sets out the major terms of a 70% earn-in option agreement, as was
previously announced on December 18, 2013. 


Under the terms of the Agreement, IAMGOLD 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 (of which US$2,500,000 is a firm commitment) 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 will enter into a joint venture to hold and advance the Project. 


Further details regarding the Agreement are available in the Company's press
release dated December 18, 2013. 


The Agreement, which is to be replaced by a definitive option agreement in the
future, contemplates a "Reviewable Disposition" (as defined in the policies of
the TSX Venture Exchange (the "TSX-V")) of more than 50% of Solvista's assets,
business or undertaking. As such, the Agreement remains subject to (i)
shareholder approval, which the Company proposes to obtain by way of written
consents from holders of a majority of its shares, and (ii) regulatory approval
by the TSX-V. Further updates will be announced on the status of the Agreement
as appropriate.


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 includes, but is not limited to, information
relating to the status of the Agreement and shareholder and regulatory approvals
thereof. Factors that could cause actual results to differ materially from such
forward-looking information include, but are not limited to, inability to obtain
shareholder and/or regulatory approval of the Agreement, Solvista's relationship
with IAMGOLD, fluctuations in equity markets and commodity prices, and those
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 Solvista will
obtain all necessary approvals for the Agreement and the Agreement will not be
terminated. 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, PGeo
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
Solvista Gold Corporation (TSXV:SVV)
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