Mr. Jim MacKenzie reports

VISCOUNT MINING CORP. ANNOUNCES LUX NETWORK COMMENCES SALE OF LUX SILVER TOKEN ON MAINNET

Viscount Mining Corp. has noted that, in a major development for the blockchain and precious metals industries, Lux Network has launched Lux Mainnet and the Mainnet Mint of Lux Silver, a pivotal advancement following the highly successful technical launch on Coinbase's Base network in 2023. This strategic initiative marks a crucial phase in Lux's commitment to revolutionizing the way physical assets are digitized and traded in the global market.

The Lux Mainnet Mint introduces Lux Silver tokens on Lux Network's proprietary blockchain, designed to provide a quantum-safe, efficient and transparent platform for the issuance and trading of asset-backed digital currencies. This move is in line with the mission to offer innovative financial solutions that meet the needs of modern investors, providing a secure and user-friendly environment for asset digitization.

This will allow Viscount to benefit from the one-of-a-kind silver-forward sales arrangement to add up to 10-million-plus ounces of silver to Lux Exchange. This is the world's first silver-backed non fungible token (NFT). The silver NFT has started selling on the Lux Market.

Jim MacKenzie, chief executive officer, Viscount Mining, stated: "The NFT sales provides a non-dilutive capital solution for our shareholders and we will use the proceeds to advance exploration in Colorado. Viscount has advanced their plans to drill exploratory holes at the Passiflora to test the mineralization of the anomaly discovered by Quantec Geoscience. As determined by Quantec the survey shows that the geophysical foot print has the indication that we are looking at a potentially significantly large mineral system at the Passiflora. The main body of the conductive anomaly starts at a depth of approximately 450 metres and continues another approximately 1.5 kilometres, maybe deeper (this was the extent of the MT survey depth capability). The length of the anomaly is approximately 1.4 km in the southwest-northeast direction with a width of at least 700 m and an open interpretation to the untested northwest. This represents a total volume of over 665 million cubic metres. The volcanic history of the region as a caldera makes it completely reasonable to assume that the Passiflora target could be a porphyry at depth. In addition, we are in the final planning stages of preparing for a drill program this year at the Kate deposit in Silver Cliff, Colo., where we have an NI 43 101 open-pit resource which we expect to expand."

Zach Keiling, CEO, Lux Partners, stated: "We at LUX are beyond thrilled to reinforce our investment in our groundbreaking partnership with Viscount Mining. This partnership not only signals our confidence in Viscount's capabilities, but also mirrors our shared vision of revolutionizing the mining industry. Through tokenization and other forward-thinking blockchain applications, we see a future where the traditionally centralized mining industry becomes democratized, with power restored back into the hands of the people. Our doubled-down commitment symbolizes an important step on this pioneering journey. Together, we are crafting a road map that envisions a decentralized, transparent and inclusive mining industry -- a seismic shift that promises to redefine how the world perceives and interacts with the precious metals market."

About Viscount Mining Corp.

Viscount Mining is a project generator and an exploration company with a portfolio of silver and gold properties in the Western United States, including Silver Cliff in Colorado and Cherry Creek in Nevada.

We seek Safe Harbor.