Mr. Mark Fedosiewich reports

VIOR DISCOVERS OVER 16.5 KM OF PHOSPHATE HORIZONS AT FOOTHILLS PROJECT, QUEBEC

Vior Inc. has released some outstanding initial field exploration results from a 2023 summer exploration program at its 100-per-cent-owned, district-scale Foothills project. Field exploration sampling has confirmed an extensive mineralized igneous anorthosite-related phosphate (phosphorus pentoxide (P2O5)) system on the project. In addition to this new phosphate discovery, the project is also known for its high-grade mineral content in rutile-bearing massive ilmenite oxide (titanium (titanium dioxide)).

The Foothills project comprises 532 claims and encompasses an area of 287 square kilometres. It is located north of the town of Saint-Urbain, Que., and approximately 100 km northeast of Quebec City, Que. The project benefits from a quality road network and is in close proximity to a deepwater port located approximately 90 km at Saguenay, Que.

Mark Fedosiewich, Vior's president and chief executive officer, commented: "This previously unplanned exploration program at Foothills is a testament to the adaptability and experience of Vior's outstanding technical team as we pivoted to this project in response to summer wildfires in Quebec. Given the outstanding initial exploration results and Foothills' significant mineralized surface footprint, along with its favourable location, this project could rapidly become an important component of Vior's overall value creation strategy. Anorthosite-type phosphate deposits represent only a small fraction of global phosphate reserves and production. These higher-purity deposits are more environmentally desirable for both the lithium-iron-phosphate (LFP) battery and fertilizer markets. The Foothills project is Vior's third project, along with our Skyfall nickel and our Belleterre critical mineral project, that uniquely positions Vior shareholders for the exciting opportunities in the battery metals revolution."

Highlights:

• Vior has identified two corridors of nine and 7.5 km, respectively, along the Saint-Urbain anorthosite contact, and they remain open along strike. These corridors encompass a series of outcroppings with high P2O5 grades of more than 4 per cent along the contact rim between the anorthositic complex of Saint-Urbain and the Grenville country rocks. This contact is recognized as being the primary mineralized exploration target.
• These oxide- and apatite-rich layers have been identified over several metres in thickness and in numerous locations along strike.
• These mineralized horizons are associated with an anorthositic complex and are situated in a geological environment similar to other known economic phosphate deposit systems.
• One hundred thirty-nine outcrop samples were collected, of which 67 have returned values of 4 to 6.3 per cent P2O5; in addition, the project hosts some historic higher-grade mineralization of over 10 per cent P2O5 that has been recognized in boulders (Sigeom, Que.).
• Additionally, occurrences of strongly anomalous zirconium (Zr) and heavy rare earth elements (REE) were sampled in nearby magnetic country rocks at two different locations. These occurrences deserve and will receive additional exploration work.

Additional fieldwork is planned to further evaluate and expand on the full potential of this exciting new phosphate discovery. Also, management is looking at ways to potentially realize value for the other mineral potential on the project.

Quality assurance/quality control (QA/QC)

Vior has implemented a quality assurance and quality control (QA/QC) program to ensure sampling and analysis of all exploration work is conducted in accordance with industry best practices, including certified reference material (Oreas CRM) inserted into sample batches, at a rate of approximately 5 per cent. All samples collected were transported directly by Vior personnel to the SGS Canada laboratory in Val d'Or, Que., for standard sample preparation (code PRP89), which includes: drying at 105 degrees; crushing to 75 per cent, passing two millimetres; riffle splitting to 250 grams; and pulverizing 85 per cent, passing 75 microns. Following the preparation, pulps were shipped to the SGS Canada laboratory in Burnaby, B.C., for analysis, where samples were homogenized and subsequently analyzed for multielement using sodium peroxide/sodium hydroxide fusion using glassy carbon crucibles with inductively coupled plasma atomic emission spectroscopy and inductively coupled plasma mass spectrometry finish (code GE_ICM91A50). Major oxides were analyzed by X-ray fluorescence (code GO_XRF72) using borate fusion method.

Qualified persons

The technical content disclosed in this press release was reviewed and approved by Laurent Eustache, executive vice-president of Vior, and Christian Blanchet, operations manager of Vior, and qualified persons as per National Instrument 43-101.

About Vior Inc.

Vior is a junior mining exploration corporation based in Quebec whose corporate strategy is to generate, explore and develop high-quality projects in proven and favourable mining jurisdictions in North America. Through the years, Vior's management and technical teams have demonstrated their ability to discover several gold deposits and many high-quality mineral prospects. Vior is rapidly advancing three district-scale projects in Quebec, including its flagship Belleterre gold project, the Belleterre critical minerals project (lithium) and its Skyfall nickel project.

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