LZR Arius3D Corp

Arius3D Corp. ("Arius3D" or the "Company") (TSX VENTURE:LZR) announced today
that it continues to pursue financing and other strategic alternatives in order
to enable the Company to meet its business objectives, including 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
and for the fiscal quarter ended June 30, 2012 (collectively, the "Filings"). 


As a result of the failure by the Company to meet its continuous disclosure
obligations, the Ontario Securities Commission, together with the securities
regulatory authority in British Columbia, issued permanent cease trade orders
under National Policy 12-203 (the "CTOs"). The CTOs prohibit the trading of the
Company's securities, and may be revoked on application to such regulatory
authorities subject to certain conditions. The Company is working to become
fully compliant with its continuous disclosure obligations and thereby have the
CTOs lifted; however, it can provide no assurance as to when it will be able to
prepare and file the Filings.


ABOUT ARIUS3D CORP. 

Classified as an "Information Technology" company, Arius3D is 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 Filings,
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 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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