LZR Arius3D Corp

Arius3D Corp. ("Arius3D" or the "Company") (TSX VENTURE:LZR) and Masterfile
Corporation ("Masterfile") announced that the proposed acquisition by Arius3D of
all of the issued and outstanding securities of Masterfile scheduled to close on
March 31, 2012 will not close. The companies are now exploring alternative
strategic options, which include a 3D image distribution agreement for Arius3D
images by Masterfile. In addition to a distribution agreement, the two companies
are evaluating various potential transactions that would further their mutual
interests. 


Perry Monych, CEO of Arius3D stated "Masterfile represents a unique opportunity
for Arius3D and the strong management and financial performance of Masterfile
over its history has reinforced our view that its existing image licensing
business is a sound platform for Arius3D to work with to further our own 3D
image distribution strategy. Arius3D continues to believe that a direct
relationship with Masterfile is the optimal solution for both companies and
every effort is being pursued to establish that relationship with the active
support of Masterfile."


ABOUT ARIUS3D CORP. 

Classified as an "Information Technology" company, Arius3D is publicly traded
and listed on the TSX Venture Exchange trading under the symbol "LZR". Arius3D
creates imaging solutions that allow organizations to capture and share unique
physical objects in digital form. Arius3D offers 3D imaging systems and services
to a growing 3D image library. The Arius3D technology supports wide ranging
applications in culture and heritage, entertainment, education and product
design with a primary focus of generating image license recurring revenues from
rich media content. Arius3D has its head office located in Mississauga, Ontario.
Visit our website at http://www.arius3d.com to understand more about the
Company.


ABOUT MASTERFILE 

Masterfile, headquartered in Toronto, Canada, is believed to be one of the
world's largest providers of premium still images, in terms of revenues.
Masterfile has an exceptional collection of stock images covering a wide range
of subjects, which is stored digitally, and is showcased, licensed and delivered
instantly to business clients worldwide via the Internet for advertising, design
and corporate communications. Masterfile has offices in Canada, Germany, France,
Italy, and the United Kingdom and operates in over 100 other countries through a
network of distributors and exclusive licensees.


FORWARD-LOOKING INFORMATION

This news release contains forward-looking information and forward-looking
statements (collectively "forward looking statements"), within the meaning of
applicable securities laws, with respect to a relationship between Arius3D and
Masterfile. Such forward looking statements are based upon assumptions, and
estimates made by management in light of its experience, current conditions and
its expectations of future developments as well as other factors which it
believes to be reasonable and relevant. These assumptions include those
concerning the availability of financing and economic conditions. Forward
looking statements involve known and unknown risks, uncertainties and other
factors that may cause our actual results or outcomes to differ materially from
those expressed or implied in the forward looking statements and, accordingly,
readers should not place undue reliance on those statements. Risks and
uncertainties that may cause actual results to vary include, but are not limited
to, the Company's limited financial resources and the availability of financing
alternatives; changes in general economic conditions or conditions in the
financial market; increased competition in the 2D stock photo industry and
changes in demand for quality 2D images; as well as other risks and
uncertainties which are more fully described in the Company's Management's
Discussion and Analysis for the 2011 fiscal year and in other Company filings
with securities and regulatory authorities which are available at www.sedar.com.
Should one or more risks and uncertainties materialize or should any assumptions
prove incorrect, then actual results could vary materially from those expressed
or implied in the forward looking statements and accordingly, readers should not
place undue reliance on those statements. Readers are cautioned that the
foregoing lists of risks, uncertainties, assumptions and other factors are not
exhaustive. The forward looking statements contained in this news release are
made as of the date hereof and the Company undertakes no obligation to update
publicly or revise any forward-looking statements contained herein or in any
other documents filed with securities regulatory authorities, whether as a
result of new information, future events or otherwise, except in accordance with
applicable securities laws.

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