LZR Arius3D Corp

Arius3D Corp. ("Arius3D" or the "Company") (TSX VENTURE:LZR) announced that, at
the request of the TSX Venture Exchange, it has cancelled 6,210,000 common
shares, which shares were purportedly issued by the Company to two senior
officers in February 2010, upon advice from prior legal counsel, in order to
assist the Company to complete its qualifying transaction. As a result, the
Company has 114,607,496 issued and outstanding common shares.


ABOUT ARIUS3D CORP. 

Classified as an "Information Technology" company, Arius3D is publicly traded
and listed on the TSX Venture Exchange trading under the symbol "LZR". Arius3D
creates imaging solutions that allow organizations to capture and share unique
physical objects in digital form. Arius3D offers 3D imaging systems and services
to a growing 3D image library. The Arius3D technology supports wide ranging
applications in culture and heritage, entertainment, education and product
design with a primary focus of generating image license recurring revenues from
rich media content. Arius3D has its head office located in Mississauga, Ontario.
Visit our website at http://www.arius3d.com to understand more about the
Company.


FORWARD-LOOKING INFORMATION

This news release contains forward-looking information and forward-looking
statements (collectively "forward looking statements"), within the meaning of
applicable securities laws. Such forward looking statements are based upon
assumptions, and estimates made by management in light of its experience,
current conditions and its expectations of future developments as well as other
factors which it believes to be reasonable and relevant. Forward looking
statements involve known and unknown risks, uncertainties and other factors that
may cause our actual results or outcomes to differ materially from those
expressed or implied in the forward looking statements and, accordingly, readers
should not place undue reliance on those statements. Risks and uncertainties
that may cause actual results to vary include, but are not limited to, the risks
and uncertainties which are more fully described in the Company's Management's
Discussion and Analysis for the 2011 fiscal year and in other Company filings
with securities and regulatory authorities which are available at www.sedar.com.
Should one or more risks and uncertainties materialize or should any assumptions
prove incorrect, then actual results could vary materially from those expressed
or implied in the forward looking statements and accordingly, readers should not
place undue reliance on those statements. Readers are cautioned that the
foregoing lists of risks, uncertainties, assumptions and other factors are not
exhaustive. The forward looking statements contained in this news release are
made as of the date hereof and the Company undertakes no obligation to update
publicly or revise any forward-looking statements contained herein or in any
other documents filed with securities regulatory authorities, whether as a
result of new information, future events or otherwise, except in accordance with
applicable securities laws.

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