Triumph Ventures Corp. Announces Conditional Approval and Filing of Filing Statement for its Qualifying Transaction

/Not for distribution in the United States or through United States wire services/

TORONTO, Sept. 27, 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 the Exchange has conditionally accepted its proposed transaction (the "Qualifying Transaction") with Highvista Gold Corp. ("Highvista") on substantially the terms set forth in its news release of April 25, 2011.  A Filing Statement in respect of the Qualifying Transaction has been prepared in accordance with the requirements of the Exchange and will be filed on SEDAR. Closing of the proposed transaction is expected to occur on or about October 6, 2011.

Highvista is a private company headquartered in Toronto and incorporated on November 12, 2010 under the Business Corporations Act (Ontario).  Highvista's management, board and technical team has significant experience in Mexican gold exploration, development and financing.

Highvista and an affiliated company own 100% of a Mexican subsidiary that in turn controls the 24,215 hectare Canasta Dorada Gold Project located in Sonora State, Mexico.  This project is located in the Sonoran Gold Belt adjacent to AuRico Gold's 1.7 million ounce El Chanate Mine.  Highvista has identified several mineralized areas at Canasta Dorada, and intends to complete a drill program at three of these areas in the fourth quarter of 2011.  "We have assembled an exceptional team and project in a world class mining district," notes Rick Adams, President and CEO of Highvista, "and look forward to further exploring Canasta Dorada".

READER ADVISORY

Investors are cautioned that, except as disclosed in the filing statement 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, but not limited to, statements with respect to the closing or completion of the Qualifying Transaction. 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, final 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 SERVICES 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: 
Facsimile: 
(416) 947-9800
(416) 947-9804
Highvista Gold Corp.
Richard Adams, President and CEO
Telephone: 
Facsimile: 
(416) 504-3588
(415) 504-4129

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Triumph Ventures Corp.

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