VPR

Viper Gold Ltd. (TSX VENTURE:VPR) ("Viper" or the "Company") announced today
that it has entered into a Conditional Termination Agreement (the "Termination
Agreement") with Duran Ventures Inc. ("Duran") which would effectively terminate
the Joint Operating Agreement between Viper and Duran resulting in the
disposition of the Company's 50% interest in certain mineral concessions in Peru
known as the Corongo Project held by Corongo Exploraciones S.A.C., a subsidiary
of Duran, which are currently the subject of a property option agreement among
Duran, its wholly owned subsidiary Minera Aguila de Oro S.A.C. and Viper (the
"Proposed Disposition"). Proceeds net to Viper from the Proposed Disposition are
expected to be approximately US $200,000 upon satisfaction of certain
conditions. The Proposed Disposition is expected to close 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. on or about April 15, 2014, and, in any event, not later than May 31, 2014.


The Proposed Disposition is expected to constitute a Reviewable Disposition as
defined in Policy 5.3 - Acquisitions and Dispositions of Non-Cash Assets
("Policy 5.3") of the TSX Venture Exchange Inc. ("TSXV") and, as such, the
Proposed Disposition remains subject to: (a) shareholder approval, which the
Company proposes to obtain by way of a shareholders' meeting; and (b) regulatory
approval by the TSXV. Completion of the transactions comprising the Proposed
Disposition are also subject to additional conditions precedent, including the
receipt of shareholder approvals and stock exchange approval and certain other
conditions.


Viper intends to use the proceeds from the Proposed Disposition of its 50%
interest in the Corongo Property 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. The Company
sees the Proposed Disposition as an opportunity to increase its treasury without
having a dilutive impact on its current shareholders while maintaining an
attractive share structure to advance on targeted prospects. The Company
believes it can take advantage of continuing poor market conditions in the
junior resource sector.


The Company intends to seek the consent of its shareholders for the Proposed
Disposition by means of convening a special meeting of shareholders, to be held
on or before April 23, 2014 (the "Meeting"). In connection with reviewing the
Proposed Disposition, the Board of Directors as a whole, excluding Joseph Del
Campo, who is also a director of Duran, has determined that the transactions
contemplated pursuant to the Termination Agreement are in the best interest of
the Company and its shareholders and has recommended approval of the Proposed
Disposition at the Meeting.


Trading of the Company's shares has been halted and is expected to remain halted
pending receipt of satisfactory documentation by the TSXV. Further updates will
be announced on the status of the trading halt, the Agreement, and the Proposed
Disposition, as appropriate.


Company Profile

Viper Gold Ltd. is an emerging Canadian based junior exploration company focused
on the precious metals potential of the "Gold Corridor" in Northern Peru.


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 expectations of the results of future exploration, the ability of the
Company to identify and pursue new business opportunities, the conditional
nature of the Termination Agreement, shareholder approval of the Proposed
Disposition, the closing of the Proposed Disposition and the use of proceeds
from the Proposed 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, exchange rate changes, income taxes, political risks in Peru
and regulatory changes, and closing of Duran's disposition to Penoles. Industry
related risks could include, but are not limited to, operational risks in
exploration, development and production, delays or changes in plans, risks
associated to the uncertainty of reserve estimates, health and safety risks and
the uncertainty of estimates and projections of production, costs and expenses.
There is a specific risk that the Company may incur expenses related to
obtaining shareholder and regulatory approval of the Proposed Disposition, that
the Proposed Disposition does not proceed and that the Company may not receive
the estimated net proceeds of the Proposed Disposition following payment of all
expenses related to the transactions referred to in this press release. The
reader is cautioned not to place undue reliance on this forward-looking
information.


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

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