Mr. Mathieu Savard reports

VIOR GOLD CORPORATION PROVIDES EXPLORATION UPDATE ON THE KINEBIK PROJECT AND ANNOUNCES PROPERTY ACQUISITIONS

Vior Gold Corp. Inc. has provided an update on exploration activities for the second half of 2026. The corporation expected to initiate its drilling program on the Kinebik project, located 40 kilometres northeast of the town of Lebel-sur-Quevillon, in early July, pending wood-cutting permits.

A first drill rig is expected to be mobilized during the first week of July and the second one during the third week of July. Drilling will focus on the high-priority target of Cameron Main, located directly to the southeast of the Cartwright showing. Drilling conducted in 2024 and 2025 by O3 Mining Inc. returned values of 5.07 grams per tonne gold over 2.8 metres and 2.44 grams per tonne gold over 5.6 metres (Cameron Main, drill hole O3KN-24-011 unpublished by O3 Mining from Sigeom: GM 74516). Mineralization at Cameron Main is mainly controlled by millimetric to centimetric quartz veins hosted in highly magnetic basalts strongly sheared and strongly altered in silica, sericite and ankerite. Mineralization occurs as disseminated pyrite ranging from 1 per cent to 5 per cent pyrite. The mafic rocks are crosscut by felsic porphyry dikes that are mineralized with pyrite and crosscut by quartz veins that can also carry gold mineralization. The Cameron Main zone has been traced laterally over a length of approximately one kilometre and vertically to 300 metres and remain open in both directions.

The second priority target will test the Florence area, that historically returned 6.56 grams per tonne gold over 5.0 metres, including 30.0 grams per tonne gold over 1.0 metre (from Sigeom: GM47626) and 2.26 grams per tonne gold over 3.8 metres, including 7.25 grams per tonne gold over 1.0 metre (from Sigeom: GM47626). Mineralization at Florence occurs in millimetric to centimetric quartz-carbonate veins in intermediate to mafic volcanic rocks altered with carbonate, chlorite and sericite and also in granodiorite. Fine-grained disseminated pyrite-pyrrhotite averaging 1 per cent is associated with veining.

Mathieu Savard, president and chief executive officer of Vior Gold, commented: "We are thrilled about the coming drilling program on Kinebik, a district-scale project that straddles over 55 kilometres of the scarcely explored Cameron break. This first phase of drilling will include 15,000 metres of drilling that will focus on the Cameron Main and Florence targets. We are confident that our systematical and aggressive drilling approach can rapidly return results on the poorly explored Cameron fault. This major fault zone has seen significantly less historical work than the Larder Lake-Cardillac or Destor-Porcupine fault zones and remains highly prospective area for orogenic gold deposits."

Magnetic and electromagnetic surveys at Kinebik, Launay and Peacock (Ligneris)

Between Feb. 7 and May 9, 2026, a VTEM (versatile time-domain electromagnetic) survey flown with traverse line spacing of 100 metres was completed over the Kinebik project. A total of 4,047 line kilometres were surveyed. In addition, a high-definition magnetic survey is in progress and is expected to be completed during the first week of July. The survey is flown at a 50-metre line spacing and a 500-metre tie-line spacing for a total of 14,546 line kilometres.

A high-definition survey is also in progress on recently acquired claims located approximately nine kilometres to the southwest of the Ligneris project and on two separate blocks of claims of the Peacock project north of Ligneris. Between the three blocks, the survey totalled 4,628 line kilometres, with traverse line surveyed at 50-metre line spacing.

Finally, a drone magnetic survey is in progress on the Launay project. The survey totalled approximately 5,400 line kilometres at a 35-metre spacing. Approximately 96 per cent of the survey has been completed.

These vast surveys cover areas with poor electromagnetic and magnetic data, which will allow Vior to efficiently screen large areas for potential mineral deposits while refining the geological map. This data acquisition is crucial for the next targeting phase that will take place during the next few months.

Prospecting and mapping programs

The summer surface programs initiated in May are progressing well with a team of 10 people. The focus remains prospecting the recently acquired projects, namely Kinebik, Peacock (Ligneris) and Launay, while also covering other generative projects.

Mining rights acquisition on Ligneris and Kinebik

The corporation consolidated small group of exclusive exploration rights (formerly known as claims) located within Vior's Ligneris and Kinebik properties, in the Abitibi-Temiscamingue region in Quebec. On Dec. 15, 2025, Vior entered into an option agreement to acquire a total of 26 exclusive exploration rights from a group of prospectors in the Ligneris area (the Ligneris EER). As consideration for a 100-per-cent interest in the Ligneris EER, Vior agreed to pay the prospectors: (i) $20,000 in cash, payable upon signature date; and (ii) 373,833 common shares of the corporation issuable upon receiving TSX Venture Exchange approval to the transaction. The prospectors will retain a 1.0-per-cent net smelter return (NSR) royalty, of which 0.5 per cent (50 per cent) may be repurchased by Vior for $750,000.

On June 18, 2026, Vior entered into a purchase agreement with Val-d'Or Mining Corp. (the vendor) to acquire a 100-per-cent interest in two exclusive exploration rights located in the Kinebik area for a purchase price consisting of: (i) an advance royalty payment of $2,500; (ii) 250,000 common shares of the corporation issuable upon receiving exchange approval. The vendor will retain a 2.0-per-cent NSR royalty, of which 1.0 per cent (50 per cent) may be repurchased by Vior for $2-million. The corporation has also agreed to make yearly advance royalty payments of $2,500, which payments are creditable against future royalty payments owing to the vendor.

The property acquisitions remain subject to exchange approval, and all common shares to be issued by the corporation in connection with these acquisitions will be subject to a regulatory hold period of four months and one day from their date of issuance.

Historical results on Kinebik described in this news release are from public sources and the qualified person responsible for the review and approval of the technical information disclosed in this news release (see details below) has not verified the information relating to these historical results. Consequently, such information is not necessarily indicative of mineralization of the Kinebik project.

Extension of the option agreement with Les Mines J.A.G. Ltd. (JAG)

Effective on July 1, 2026, Vior entered into an amendment to the option agreement signed on Jan. 28, 2021, with JAG, as amended, to extend the final payment of $2-million to June 30, 2027. Vior will pay JAG $25,000 in cash per quarter until June 30, 2027. These payments will be deductible from the final payment of $2-million. All other terms of the option remain unchanged and refer to the Jan. 28, 2021, news release of the corporation.

Qualified person

The technical content disclosed in this news release was reviewed and approved by Pascal Simard, vice-president, exploration, at Vior Gold, a qualified person as per National Instrument 43-101.

About Vior Gold Corp. Inc.

Vior Gold is a junior mineral exploration corporation based in the province of Quebec, Canada, whose corporate strategy is to generate, explore and develop high-quality precious metals projects in the proven and favourable mining jurisdiction of Quebec. Through the years, the corporation's management and technical teams have demonstrated their ability to discover several multimillion-ounce gold deposits in Quebec.

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