Montreal, Canada, December 23, 2021 – Vior Inc. (“Vior” or the “Corporation”), (TSX-V: VIO, FRANKFURT: VL51) is pleased to announce that it has completed the closing of a non-brokered private placement by issuing a total of 1,724,519 Quebec flow-through common shares at $0.29 per share and 1,253,335 National flow-through common shares at $0.24 per share, for total gross proceeds of $800,910. The securities issued in the private placement are subject to a restricted hold period of four (4) months and a day, expiring on April 23, 2022.

Vior will use the private placement proceeds to fund exploration work on its Quebec properties, primarily at its flagship Belleterre gold project, located in the Abitibi-Témiscamingue region.

The Insiders’ participation for $100,800 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 (“Regulation 61-101”) 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 Insiders exceeds 25% of the market capitalization of the Corporation.

In connection with the private placement, Vior paid cash finder’s fees of $27,007 and issued non-transferable compensation warrants entitling the finder to acquire 77,586 common shares of Vior at a price of $0.29 per share until December 22, 2023. These finders were arm’s length third parties of Vior.

Upon closing of the closing of the private placement, there are now 81,249,749 common shares of Vior issued and outstanding. The private placement was carried out pursuant to prospectus exemptions of applicable securities laws and is subject to final approval by the TSX Venture Exchange.

Mark Fedosiewich, President and CEO, comments: “We are pleased to report that excellent progress is being made with our inaugural drill program at our flagship Belleterre gold project. We will be providing our shareholders and friends with our President’s Letter in the first days of January to highlight our accomplishments in 2021 along with our exciting plans for 2022.

The Vior Team extends to all of its shareholders and friends its Best Wishes for the Holiday Season and a Healthy, Happy and Prosperous 2022!”