TORONTO, ONTARIO--(Marketwire - Aug. 9, 2012) - Arius3D Corp. ("Arius3D" or the "Company") (TSX VENTURE:LZR) announced today that, consistent with its announcement of July 18, 2012, the Company did not file, by the deadline of July 30, 2012, its audited financial statements for the fiscal year ended March 31, 2012, related management's discussion and analysis and CEO and CFO certificates related to the foregoing. In addition, the Company expects that its unaudited financial statements for the first quarter of fiscal 2013 (the quarter ended June 30, 2012), together with the related management's discussion and analysis and CEO and CFO certificates, will not be filed by the deadline of August 29, 2012.

As a result, the Company had applied to the Ontario Securities Commission for a management cease trade order under National Policy 12-203 which would have only prohibited trading in securities of the Company by certain insiders of the Company. The Company's application was denied and, accordingly, a temporary general cease trade order has been issued. The cease trade order prohibits the trading of the Company's securities effective immediately.

The temporary cease trade order is scheduled to expire 15 days from the date hereof and may be extended. The Company is reviewing all options, with the goal of ultimately meeting its continuous disclosure obligations and lifting the cease trade order.

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 [ 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. Forward looking statements include statements regarding the Company's goal of meeting its continuous disclosure obligations. 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. 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 risk that the Company will be unable to raise sufficient funds to give effect to its business plan or to carry on its business and the 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.