Mr. Jim MacKenzie reports

VISCOUNT MINING ANNOUNCES $5,000,000 PRIVATE PLACEMENT

Viscount Mining Corp. intends to raise $5-million in a non-brokered private placement on a best efforts basis.

The offering comprises up to 20 million units of the company at a price of 25 cents per unit. Each unit consists of one common share of the company and one transferrable share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional share at an exercise price of 30 cents for a term of two years following the issue date.

The company may pay up to 5 per cent in cash as finders' fees to qualified finders in relation to the financing.

Net proceeds from the offering are expected to be used for the exploration and development at the company's mineral property interests and continuing working capital requirements.

As insiders will be participating in the offering, the transaction shall constitute a related party transaction within the meaning of Multilateral Instrument 61-101, as a policy of the TSX Venture Exchange. The company is relying on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the offering by insiders will not exceed 25 per cent of the market capitalization of the company, as determined in accordance with MI 61-101.

The offering is subject to TSX-V approval, and all securities issued shall be required to have a hold period of four months and one day.

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.

The Silver Cliff property in Colorado lies within the historical Hardscrabble silver district in the Wet Mountain Valley, Custer county, south-central Colorado. It is located 44 miles west-southwest of Pueblo, Colo., and has year-round access by paved road. The property consists of 96 lode claims, where high-grade silver, gold and base metal production came from numerous mines during the period 1878 to the early 1900s. The property underwent substantial exploration between 1967 and 1992 and is interpreted to encompass a portion of a large caldera and highly altered sequence of tertiary rhyolitic flows to host deposits with both precious metals and base metals. This has been demonstrated in the ore historically extracted from the numerous underground and surface mining operations. Based on the accumulated data and feasibility study, Tenneco Minerals made the decision with silver at $5 (U.S.) an ounce to construct at that time a $35-million (U.S.) milling operation for the extraction of the silver reserves at Silver Cliff. Shortly thereafter, Tenneco's mining unit was sold, and the planned milling operation was abandoned.

The Cherry Creek exploration property is in an area commonly known as the Cherry Creek mining district, located approximately 50 miles north of the town of Ely, White Pine county, Nevada. Cherry Creek consists of 578 unpatented and 17 patented claims, as well as mill rights. Cherry Creek includes more than 20 past-producing mines. In January, 2021, Viscount entered into an exploration earn-in agreement with a wholly owned subsidiary of Centerra Gold Inc. Centerra is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold properties in North America, Asia and other markets worldwide.

We seek Safe Harbor.