BV.H

Blue Vista Technologies Inc. (TSX VENTURE:BV.H) ("the Company") is pleased to
announce that the Company will be refinanced and restructured subject to
shareholder approval at its upcoming Annual and Special Meeting of Shareholders
to be held on December 30, 2010. The Information Circular of the Company mailed
in connection with the meeting can be found at www.sedar.com.


The Company is investigating strategic alternatives, including the sale of its
assets and possible acquisitions, which may not involve a change of business, in
order to enhance shareholder value.


The Company intends to complete a private placement of up to 10,000,000
flow-through units at a price of $0.10 per unit. Each unit will consist of one
flow-through common share, one common share, and one common share purchase
warrant that entitles the holder to purchase one common share of the Company at
a price of $0.10 for a period of two years from the date of issuance.


Proceeds of the offering will be used for working capital, acquisitions and
incurring Canada exploration expenditures (within the meaning of the Income Tax
Act (Canada)).


In addition, the Company is proposing to settle an aggregate of up to $1,100,000
of indebtedness through the issuance of up to 22,000,000 common shares of the
Company. The debt settlement will substantially strengthen the Company's balance
sheet.


The securities issued pursuant to the private placement and debt settlement are
subject to a four-month hold period.


Closing of the private placement and debt settlement, which is currently
expected to occur on or about December 31, 2010, is subject to certain customary
conditions, including, but not limited to, the receipt by the Company of all
necessary approvals and consents, shareholder approval and the approval of the
NEX.


Shares Outstanding: 5,615,576

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