Solvista Gold Corporation provided an update on developments at both its Guadalupe and Caramanta projects and to announce the hiring of Dr. Jeffrey W. Brooks as Vice-President Exploration. Solvista commenced a 3,000 meters drilling program at its Guadalupe project on January 20, 2012. To-date 358.25 meters have been drilled in three separate drill holes targeting geochemical and geophysical targets in the El Oso sector. The first drill hole (GUD-1201) was terminated at 57.45 meters, before reaching its target depth of 250 meters due to technical issues with the drill rig. A second, more powerful but equally portable, drill rig was then brought onto the property and successfully completed the second drill hole (GUD-1202) to its target depth of 300 meters. The company is currently drilling the third drill hole (GUD-1203) and upon completion will return to the site of GUD-1201 to complete the previously terminated drill hole to the target depth. Samples from the first two drill holes have now been sent for analysis and the company hopes to be able to report initial results within four to six weeks. The company announced the appointment of Dr. Jeffrey W. Brooks to the position of Vice-President Exploration, effective immediately. Dr. Brooks previously worked in a similar position for Bellhaven Copper and Gold Inc. and was responsible for the completion of the drilling program and technical evaluation that resulted in Bellhaven's maiden resource statement at its La Mina project, in the Middle Cauca Belt, Colombia.