Aurvista Gold Corporation Adopts Advance Notice By-law and Amendments to Stock Option Plan

Aurvista Gold Corporation Adopts Advance Notice By-law and

Amendments to Stock Option Plan

Montreal, Quebec: Aurvista Gold Corporation (“Aurvista” or the “ Company”) ( TSX-V: AVA,

OTCQB: ARVSF; Frankfurt: AV2) is pleased to report that the Board of Directors has adopted

amendments to the Aurvista Stock Option Plan which entered into effect on April 26, 2017 until

ratified by shareholders at the next annual and special meeting of shareholders. The amendments

include i) a clarification of language permitting the Board to accelerate vesting provisions in the

event of a change of control; ii) providing that if a n option is to expire within a blackout period or

within two business days thereafter, the option expiry date will be automatically extended for 10

days; iii) providing that the Board of Directors may extend the 90 day period during which an

optionee may exercise its options following ceasing to fulfill a function at Aurvista for up to a year;

and finally, iv) providing that the stock option plan be changed from a 10% floating plan to a fixed

number of options (16,740,000 options, equal to approximately 12. 5% of the presently issued and

outstanding shares).

In addition the Board of Directors has adopted an advance notice by -law (the “By -Law”). The By -

Law requires that an advance notice be given to Aurvista when shareholders intend to nominate

candidates for election as directors of the Corporation otherwise than pursuant to (i) a notice of

meeting given in accordance with the provisions of the Canada Business Corporations Act (the

“Act”) or (ii) a shareholder proposal made in accordance with the provision s of the Act. In the case

of an annual meeting of shareholders, the advance notice to Aurvista must be given at least 30 days

and no more than 65 days before the date of the annual meeting, provided, however, that if the

annual meeting of shareholders is t o be held less than 50 days after the date of the first public

announcement of the date of the annual meeting, a shareholder nominating a candidate may give

notice no later than the close of business on the 10th day following the date of such public

announcement. In the case of a special meeting (which is not also an annual meeting) of

shareholders called for the purpose of electing directors (whether or not called for other purposes),

the advance notice to Aurvista must be given no later than the close of business on the 15th day

following the date of the first public announcement of the date of the special meeting of

shareholders. The By-Law entered into effect on April 26, 2017 until ratified by shareholders at the

next annual and special meeting of share holders. The full text of the By -Law is available under the

Corporation’s profile in the SEDAR database at www.sedar.com.

Douay Gold Project and Company Profile:

Aurvista Gold Corporation is a leading junior gold exploration and development Company

advancing the Douay Gold Project. Aurvista’s 305 km 2 Douay Gold Project hosts a large inferred

gold resource with significant exploration upside along a 40 km segment of the Casa Berardi

Deformation Zone in the prolific Abitibi Greenstone Belt of northern Quebec. Douay is located 55

km SW of the Matagami Base Metal Camp and ~140 km N of the Val -d’Or - Malartic Gold Camp

(both in Quebec). The Company has 142,855,299 shares outstanding trading on the TSX Venture

CORPORATE UPDATE

For Immediate Issue

May 25, 2017

Exchange in Canada, the Frankfurt Stock Exchange and OTCQB in the US. For more information,

please visit the Company’s website at www.aurvistagold.com.

For Further Information Please Contact:

Mr. David Johnston

Corporate Secretary

Phone: 514 944 8690

Email: [email protected]

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.

Forward Looking Statements

This news release may contain forward -looking statements based on assumptions, uncertainties and management’s best

estimate of future events. Actual events or results could differ materially from the Company’s expectations and projections.

Investors are cautioned that forward-looking statements involve risks and uncertainties. Accordingly, readers should not place

undue reliance on forward -looking statements. When used herein, words such as “anticipate”, “will”, “intend” and similar

expressions are intended to identify forward-looking statements. For a more detailed discussion of such risks and other factors

that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to

Aurvista Gold Corpora tion’s filings with Canadian securities regulators available on www.sedar.com or the Company’s

website at www.aurvistagold.com.