TORONTO, ONTARIO--(Marketwire - Sept. 8, 2011) - Blue Vista Technologies Inc. (TSX VENTURE:BV.H) ("Blue Vista") and Eloro Resources Ltd. (TSX VENTURE:ELO) (FRANKFURT:P2Q) ("Eloro") are pleased to announce that they have entered into an arm's length agreement (the "Agreement') whereby Blue Vista is to acquire Eloro's wholly-owned Hurdman Property, comprising 13 contiguous mining claims covering 2,944 hectares in Hurdman Township, 120 kilometres north-northwest of the city of Timmins, Ontario.
Pursuant to the Agreement and subject to regulatory approval and closing, Blue Vista will acquire a 100% interest in the Hurdman Property by issuing 5,000,000 shares and paying $40,000 to Eloro.