LZR Arius3D Corp

Arius3D Corp. ("Arius3D" or the "Company") (TSX VENTURE:LZR) announced today
that the filing of its annual financial statements, management's discussion and
analysis and related officer certifications for the financial year ended on
March 31, 2012 (the "Annual Filings") will be delayed beyond the filing deadline
of July 30, 2012. As a result of the liquidity constraints facing the Company,
the Company is not in a position to prepare its Annual Filings on a timely
basis.


As a result of this delay, the Company currently intends to make an application
with the Ontario Securities Commission, and other securities commissions in each
of British Columbia and Alberta, requesting that a management cease trade order
(an "MCTO") be imposed in respect of this late filing. There is no guarantee
that an MCTO will be granted. If an MCTO is granted, the MCTO will prohibit the
Chief Executive Officer and Chief Financial Officer, and possibly the directors
and other insiders of the Company, from trading in securities of the Company for
so long as the required filings have not been completed. The issuance of an MCTO
does not generally affect the ability of persons who are not directors, officers
or other insiders of the Company to trade in securities of the Company. The
Company intends to satisfy the provisions of the alternate information
guidelines of National Policy 12-203 - Cease Trade Orders for Continuous
Disclosure Defaults ("NP 12- 203") as long as it is in default of the filing
requirements. This news release constitutes a "default announcement" made
pursuant to NP 12-203.


The Company is pursuing financing alternatives to enable it to prepare the
Annual Filings and currently anticipates that the Annual Filings will be
completed by September 28, 2012.


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.


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. Such forward looking statements, including
statements regarding the ability of the Company to prepare and file its Annual
Filings on a timely basis and to raise funds, 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. 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 failure of the Company to
raise sufficient funds to enable it to complete the Annual Filings and the 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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