Mr. Mark Fedosiewich reports

VIOR ANNOUNCES ACCELERATED ACQUISITION OF 100% OF FORMER BELLETERRE GOLD MINE

Vior Inc. has executed a definitive asset purchase agreement for its acquisition of two mining concessions that constitute the majority of the former Belleterre mine that produced more than 750,000 ounces at 10.73 grams per tonne gold and 95,000 oz at 1.37 grams per tonne silver between 1936 and 1959 (source: Sigeom MERN). The concessions are at the heart of Vior's flagship district-scale Belleterre gold project, located in the Abitibi-Temiskaming region of Quebec.

The corporation and concession owners had originally executed an option agreement pursuant to which Vior had an exclusive option to purchase the concessions and a series of mining claims for a total consideration of $2.1-million, of which $250,000 cash has already been paid (see the corporation's news release dated Feb. 4, 2021). Under the option agreement, the corporation previously completed the acquisition of the mining claims that now form part of Vior's flagship district-scale Belleterre gold project. Under the acquisition agreement, Vior will pay the concession owners a cash payment of $1-million as consideration for the transfer of the vendor's 100-per-cent interest in the concessions. The closing of the acquisition is expected to occur on or about May 14, 2024.

Mark Fedosiewich, president and chief executive officer of Vior, commented: "We are pleased to announce the successful renegotiation of this important acquisition agreement for the Belleterre concessions. This renegotiated agreement demonstrates our ability to respond to changing market conditions and ensures that Vior owns 100 per cent of this integral piece of our Belleterre gold project. We remain focused on executing our strategic plan at Belleterre with the aim of delivering significant value to our shareholders."

By securing the acquisition of the concessions at a reduced cost, Vior continues its commitment to sound financial management and aims to maximize value for its shareholders while advancing its growth objectives through its significant 60,000-plus-metre drill program. The drill program is expected to begin by early summer 2024.

About the Belleterre gold project

The project is located near the town of Belleterre in the Abitibi-Temiscamingue region of Quebec, 95 kilometres south of both Rouyn-Noranda and Val d'Or, Que. The property consists of 635 claims over an area of 348 square kilometres, forming a district-scale exploration package that includes the former high-grade Belleterre gold mine. The property has been under-explored through the past 60 years and has never been the subject of such significant consolidation until now. The Belleterre gold project benefits from its advantageous location within close proximity to two major mining towns in Quebec, providing comprehensive and robust mining infrastructure that includes an extensive road network and access to power, as well as a readily available and skilled work force. Vior holds a dominant land position in the region and controls a highly prospective multimineral exploration project that is expected to advance quickly with the planned 2024/2025 drill program.

About Vior Inc.

Vior is a junior mineral exploration corporation based in the province of Quebec, Canada, whose corporate strategy is to generate, explore and develop high-quality mineral projects in the proven and favourable mining jurisdiction of Quebec. 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 with the strategic support of Osisko Mining Inc. The Belleterre gold project is an exciting district-scale property that includes Quebec's past-producing high-grade Belleterre gold mine. Vior has conducted extensive exploration at the Belleterre property and is finalizing plans for a 60,000-plus-metre drill program. Vior is also actively developing its promising Skyfall project in partnership with SOQUEM Inc., as well as several other properties with multimineral potential.

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