Solvista Announces Proposed Consolidation and Name Change

TORONTO, ONTARIO--(Marketwired - Sept. 8, 2015) - Solvista Gold Corporation (the "Corporation" or "Solvista") (TSX VENTURE:SVV)(OTCQX:SVVZF) announces that it is proposing to consolidate its issued and outstanding common shares (the "Common Shares") and to change the name of the Corporation from "Solvista Gold Corporation" to "Rockcliff Copper Corporation". Additional information relating to the proposed consolidation and name change is included in the management information circular of the Corporation dated September 2, 2015 (the "Circular"), which is available on the Corporation's website at www.solvistagold.com and its SEDAR profile at www.sedar.com.

The Corporation mailed the Circular with respect to its annual and special meeting of shareholders (the "Shareholders") scheduled for October 14, 2015 (the "Meeting"). As part of that Meeting, Shareholders will be asked to approve a special resolution to amend the articles of the Corporation to consolidate the issued and outstanding Common Shares on the basis of up to one (1) post-consolidation Common Share for every five (5) pre-consolidation Common Shares (the "Consolidation"). Shareholders will also be asked to approve a special resolution to change the name of the Corporation from "Solvista Gold Corporation" to "Rockcliff Copper Corporation", or such other name as the board of directors (the "Board") may, in its sole discretion, determine to be appropriate, subject to regulatory approval (the "Name Change").

There are currently 108,201,018 Common Shares issued and outstanding. Upon the Consolidation becoming effective, assuming it is completed on a one (1) new for five (5) old basis, it is expected there will be approximately 21,640,203 post-consolidation Common Shares in the capital of the Corporation issued and outstanding on a non-diluted basis.

The Board has concluded that the Consolidation would be in the best interests of the Shareholders as it could lead to increased interest by a wider audience of potential investors and could better position the Corporation to obtain financing and pursue acquisition opportunities. Notwithstanding the foregoing, the Board may determine not to implement the Consolidation and/or the Name Change at any time after the Meeting and after receipt of necessary regulatory approvals, but prior to the issuance of a certificate of amendment, without further action on the part of the Shareholders. If the resolution approving the Consolidation is passed by Shareholders at the Meeting, the Board shall have until the next annual meeting of Shareholders to implement the Consolidation in its sole discretion. Notwithstanding approval of the Consolidation by the Shareholders, the Board, in its sole discretion, may revoke the resolution approving the Consolidation and abandon the Consolidation without further approval, action by, or prior notice to Shareholders. The Consolidation and Name Change are subject to Shareholder and regulatory approval, including the approval of the TSX Venture Exchange.