(OTC:VIPR) VIPR Industries, Inc.

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VIPR Industries Moves Towards Structuring Offer on Property Acquisition and Provides Update on Other Corporate Developments

(OTC:VIPR) VIPR Industries, Inc.

VIPR Industries Moves Towards Structuring Offer on Property Acquisition and Provides Update on Other Corporate Developments

Wednesday January 28, 7:00 am ET

TORONTO, ONTARIO-Jan 28, 2009 - VIPR Industries Inc. announces it has proceeded to move forward on structuring an offer towards the acquisition of 3 Geita region properties previously announced by the company in November of 2008, and provides an update on other corporate events.

The 3 prospect properties are located within a region of Tanzania possessing very significant mines and discoveries and are a mere 20 km from the Geita Gold Mine where the mines cost of production is known to be $250 per ounce. VIPR has received several opinions on the properties and has concluded that there is a reasonable amount of optimism in the properties and its resource potential. The licenses are known as HQ-15896, HQ-P15891 and HQ-P15890 respectively within the Ministry of Energy and Mines of Tanzania.

In other developments VIPR has received a commitment on the financing of non exploration type expenditures through a group of various private investors of which the company has subsequently received funds from. The company is also negotiating with the same group of investors for a further long term larger commitment on the financing of an exploration budget on one or more of its mining properties.

VIPR has encountered positive developments on its other properties and potential acquisitions which it anticipates shortly divulging in subsequent releases. However, not all initiatives have moved as quickly as planned. The company who has been in discussions with Zereko Mining as an acquisition target announces that negotiations have been slowed as it awaits for other pertinent financial and corporate documents for review. Further discussions have been suspended until such time these documents are delivered and reviewed.

The company is also pleased to announce the appointment of Mr. JC Barbeck to the position of President and CEO of VIPR Industries. Mr. Barbeck who had been the Company's Chief Operating Officer, replaces the outgoing President and CEO, Mike Gerstner, who has elected to leave for personal reasons, but will continue to be an advisor to the company on a consulting basis. Further board appointments including a replacement COO are expected to be announced shortly.

Safe Harbor

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 . In particular, when used in the preceding discussion, the words "pleased" "plan," "confident that," "believe," "expect," or "intend to," and similar conditional expressions are intended to identify forward looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the Company's products, competitive factors, the ability to successfully complete additional financings and other risks described in the Company's filings and documents.

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Contact:

Contacts: VIPR Industries Inc. Investor Relations 644-8648 Email: info@viprindustries.com Website: http://www.viprindustries.com   Source: VIPR Industries Inc.

Profile for VIPR Industries, Inc.

VIPR Industries, Inc. offers construction and mining services. It owns and operates gold and uranium mines in Tanzania and Democratic Republic of the Congo. The company, formerly known as Synergy Media, Inc. is headquartered in Toronto, Canada.



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