Triumph Ventures Corp. - Triumph Agrees to Advance Bridge-loan to Highvista Gold Corp.

/NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE SERVICES./

All amounts in Canadian Dollars

TORONTO, Sept. 12, 2011 /CNW/ - Triumph Ventures Corp. ("Triumph") (TMP.P), a capital pool company listed on the TSX Venture Exchange Inc. (the "Exchange"), is pleased to announce that it is proceeding with the proposed transaction (the "Qualifying Transaction") with Highvista Gold Corp. ("Highvista") on substantially the terms set forth in its news release of April 25, 2011.  Triumph now intends to advance an aggregate of $250,000 to Highvista in accordance with Section 8.5 of the Policy 2.4 (the "Policy") of the Exchange.  The $250,000 advance will be compromised of a $25,000 unsecured deposit (the "Deposit") and a $225,000 secured loan (the "Loan").  The Loan will bear interest at 6% and will be secured by a charge over all of the present and after acquired real and personal property of Highvista.  The proceeds of the Deposit and the Loan will be used by Highvista to fund its ongoing operations pending completion of the proposed Qualifying Transaction.  The Loan will not be advanced until (i) at least 15 days from the dissemination of this news release; and (ii) the Corporation has received confirmation of Exchange acceptance for the Loan.

READER ADVISORY

Investors are cautioned that, except as disclosed in the information circular or filing statement to be prepared in connection with the Qualifying Transaction, any information released or received with respect to the Qualifying Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

Statements in this press release may contain forward-looking information including, operating costs, administrative costs, capital spending, access to credit facilities, and other components of cash flow and earnings. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward looking statements. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Triumph. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date of this press release, and Triumph does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

Completion of the Qualifying Transaction is subject to a number of conditions, including but not limited to, Exchange acceptance. There can be no assurance that the Qualifying Transaction will be completed as proposed or at all.

THE TSX VENTURE EXCHANGE HAS IN NO WAY PASSED UPON THE MERITS OF THE PROPOSED TRANSACTION AND HAS NEITHER APPROVED OR DISAPPROVED THE CONTENTS OF THIS PRESS RELEASE.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SER VICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE


SOURCE Triumph Ventures Corp.

For further information:

Triumph Ventures Corp. 
Jim Andersen, Director
Telephone: (416) 947-9800
Facsimile: (416) 947-9804

Highvista Gold Corp.
Richard Adams, President and CEO
Telephone: (416) 504-3588
Facsimile: (415) 504-4129

Profil de l'entreprise

Triumph Ventures Corp.

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