Solvista Appoints New President and CEO

Solvista Gold Corporation ("Solvista" or the "Company") (TSX
VENTURE:SVV)(OTCQX:SVVZF) announces that effective today Miller O'Prey has
resigned as President and CEO of the Company to pursue other interests. Mr.
O'Prey will remain as a member of the Board of Directors of the Company. Bruce
Durham, P.Geo, currently a director of the Company, has been appointed as the
new President and CEO of Solvista with immediate effect.


Commenting on the news, Gerry McCarvill, Solvista's Chairman stated, "on behalf
of the Board, I wish to thank Miller for his excellent guidance since the
inception of the Company. Under his leadership we have made discoveries at both
our projects and successfully negotiated an option agreement with IAMGOLD for
our Caramanta project that will ensure the advancement of the project while at
the same time protecting the Company's treasury of approximately $4 million. We
are well positioned to advance the Company's interests in Colombia or wherever
we identify opportunities. Given Bruce's broad experience and Toronto base we
anticipate that Solvista will be reviewing a host of new opportunities in both
base and precious metals in multiple jurisdictions." 


Bruce Durham, the Company's new President and CEO commented, "I look forward to
building on the solid base that Miller has created for the Company. We have two
excellent projects in Colombia, with Caramanta currently under option to a major
mining company who continues to aggressively explore the project and plans to
commence drilling in the third quarter of this year. In addition, the high-grade
gold-silver discovery made in 2012 at our Guadalupe project warrants further
exploration. We will continue to review new opportunities with a view to
expanding the Company's portfolio of quality projects." 


About Solvista

Solvista is a gold exploration company with two projects in Colombia, 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. For further details on
Solvista, please refer to Solvista's website (www.solvistagold.com). 


About the Caramanta Project

The Caramanta project is currently under option to IAMGOLD Corporation (IAMGOLD)
as a result of a $36 million earn-in option agreement (the "Agreement")
completed in December 2013 and approved by the TSX-V in March 2014. Under the
terms of the 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 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 will 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 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 a National Instrument 43-101 - Standards of Disclosure for Mineral
Projects ("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. 


Three of the Project's multiple targets (El Reten, El Corral and Ajiaco Sur) are
located within a regional environmental designation referred to as a District of
Integrated Management ("DMI"). Under the terms of the DMI there is currently a
prohibition against open pit mining within the DMI. The Company has made a
written submission to the regional environmental authority responsible for the
declaration and management of the DMI ("Corantioquia") requesting the immediate
removal of the DMI designation over its mining titles. As disclosed in the
Company's press release dated September 16, 2013, exploration within the DMI had
been temporarily halted by Corantioquia until the Company's application for
removal of the DMI designation has been considered. As further disclosed in the
Company's press release dated December 18, 2013, Corantioquia informed the
Company that during the period that the decision on the removal of the DMI
designation was being considered, exploration within the DMI could resume upon
the receipt of an acceptable environmental management plan ("EMP"). In March
2014 IAMGOLD and the Company presented an EMP to Corantioquia and are currently
awaiting comments and approval.


About the Guadalupe Project

The Guadalupe project consists of approximately 35,000 hectares, and is situated
approximately 110 km northeast of Medellin. Geologically, the project is located
along the northern contact of the Antioquia Batholith, a known historic gold
producing area, and host to the AnglogoldAshanti/B2Gold Gramalote project (M&I
Resources of 2.7 Moz at 0.63 g/t Au, plus Inferred Resources of 3.4 Moz at 0.44
g/t Au) and Red Eagle's Santa Rosa project (M&I Resources of 601,100 oz at 1.81
g/t Au, plus inferred resources of 161,000 oz at 1.69 g/t Au). To the north of
the Antioquia Batholith is the Cretaceous aged San Pablo Formation; a flysch
sequence of mixed basic volcanics and clastic sediments, known to host both
precious and base metal mineralization.


The scientific and technical information contained in this press release has
been reviewed by the Company's President and CEO, Mr. Bruce Durham, P.Geo., who
is a "Qualified Person" as such term is defined under NI 43-101.


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 Agreement. Factors that could cause actual
results to differ materially from such forward-looking information include, but
are not limited to, failure to convert any estimated mineral resources to
reserves, capital and operating costs varying significantly from estimates, the
preliminary nature of metallurgical test results, delays in obtaining of
failures to obtain required governmental, environmental or other project
approvals, including those related to the DMI at the Project, political risks,
uncertainties relating to the availability and costs of financing needed in the
future, changes in equity markets, inflation, changes in exchange rates,
Solvista's relationship with IAMGOLD, fluctuations in 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 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
Bruce Durham, P.Geo
Chief Executive Officer
(416) 504-8821
bdurham@solvistagold.com


Solvista Gold Corporation
Don Christie, CPA
Chief Financial Officer
(416) 504-4122
dchristie@solvistagold.com
www.solvistagold.com
Solvista Gold Corporation (TSXV:SVV)
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