Vior Closes The “Strategic Investment” With Osisko Mining Inc.

MONTREAL, CANADA, March 23, 2021 – VIOR INC. (“Vior” or the “Corporation”), (TSX-V: VIO, FRANKFURT: VL51) – is pleased to announce the closing of the Strategic Investment with Osisko Mining Inc. (“Osisko”) announced on March 17, 2021, for total gross proceeds of $880,000 through the subscription of 4,400,000 units at price of $0.20 per unit (the “Osisko Investment”).

Each unit will consist of one common share in the capital of Vior (a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant a “Warrant”). Each Warrant will entitle the holder to acquire one additional Common Share at an exercise price of $0.30 per Common Share for a period of 24 months from the closing date. The Warrants forming part of the Units purchased by Osisko shall be subject to an accelerated expiry date clause whereby, at any time following the expiry of the four-months and one (1) day hold period, should the trading price of the Common Shares on the TSX Venture Exchange (the “TSX-V”) be equal to or exceed $0.30 for ten (10) consecutive trading days, as evidenced by the price at the close of the market, then Vior shall be entitled to notify Osisko of its intention to force the exercise of the Warrants within a period of 30 days following the receipt of such notice by Osisko. Immediately following the closing of the Osisko Investment, Osisko now holds approximately 6.6% of the issued and outstanding Common Shares of Vior (and 9.9% on a partially diluted basis, presuming the exercise of all Warrants held by Osisko).

In connection with the Osisko Investment, the parties have entered into an Investor Rights Agreement (the “Agreement”) announced on March 17, 2021, pursuant to which Osisko will be granted certain rights for as long as Osisko holds Common Shares equal to at least 5% of the issued and outstanding Common Shares of the Corporation (on a non-diluted basis).

The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the acceptance by the TSX-V.