Mr. Mark Fedosiewich reports

VIOR ANNOUNCES CLOSING OF $352K PRIVATE PLACEMENT AND ELECTION OF OSISKO MINING'S NOMINEE TO THE BOARD

Vior Inc. has completed the closing of a non-brokered private placement consisting of a total of 2,069,413 flow-through common shares issued at a price of 17 cents for gross proceeds of $351,800.

Vior will use the offering proceeds to finance exploration work on its Quebec gold properties. As a result of the closing of the offering, there are now 104,060,144 common shares of Vior issued and outstanding.

In connection with the offering, Vior has paid a cash finder's fee of $11,070 to an arm's-length third party.

The offering was carried out pursuant to prospectus exemptions of applicable securities laws and is subject to certain closing conditions, including but not limited to, the receipt of all necessary regulatory approvals, including final approval by the TSX Venture Exchange. Accordingly, the securities issued in the offering are subject to a restricted hold period of four months and a day, expiring on April 16, 2024, pursuant to National Instrument 45-102 -- Resale Restrictions and Regulation 45-102 -- Resale of Securities and the certificates or DRS advices representing such securities bear a legend to that effect.

An insider has participated in the offering and was issued 100,000 flow-through common shares for total gross proceeds of $17,000. This participation in the offering is a related party transaction as defined in Regulation 61-101, and is exempt from the formal valuation and minority shareholder approval requirements provided under Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions in accordance with sections 5.5(a) and 5.7(1)(a) of Regulation 61-101. The exemption is based on the fact that neither the fair market value of the private placement, nor the consideration paid by such insider exceeds 25 per cent of the market capitalization of the corporation.

Vior announces appointment and election of new director

Mark Fedosiewich, president and chief executive officer, states, "On behalf of the board and the whole team at Vior, I would like to welcome Pascal Simard to the board of Vior."

Mr. Simard is a professional engineer with over 17 years of experience in Canadian mineral exploration projects. He joined Osisko Mining Inc. in 2015 as its exploration manager, and now serves as its vice-president, exploration. Prior to joining Osisko, he worked for Virginia Mines and Cambior on mineral projects in the Abitibi, James-Bay and Northern Quebec. Mr. Simard graduated from Universite du Quebec a Chicoutimi with a bachelor degree in geological engineering, and is a member of the Ordre des Ingenieurs du Quebec.

Mr. Simard is Osisko's nominee to Vior's board of directors pursuant to the investor rights agreement between Vior and Osisko signed on March 22, 2021.

Mark Fedosiewich also wishes to thank Laurent Eustache for his valuable contribution to the board over the past several years. Mr. Eustache continues as Vior's executive vice-president of the corporation.

Annual and special meeting (AGM) of shareholders' results

At the Dec. 12, 2023 AGM, shareholders of the corporation approved all matters, including:

• Amendment to the articles of the corporation to provide that the directors of the corporation may appoint one or more additional directors to hold office for a term expiring not later than the close of the next annual shareholders meeting, but the total number of directors so appointed may not exceed one-third of the number of directors elected at the previous annual shareholders meeting.
• Election of the following directors: Eric Desaulniers, Mark Fedosiewich, Pascal Simard, Claude St-Jacques and Charles-Olivier Tarte.
• Reappointment of Raymond Chabot Grant Thornton LLP as auditor of the corporation and authorization by the board of directors to fix the auditor's remuneration.

About Vior Inc.

Vior is a hybrid junior mineral exploration company based in Quebec, whose corporate strategy is to generate, explore and develop high-quality mineral 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 its flagship Belleterre gold project, its Skyfall nickel project, along with several other promising mineral properties.

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