Mark Fedosiewich, Vior’s President and CEO commented, “Five core holes were drilled in Vior’s Phase I maiden drill program, four of them returned gold intercepts including two narrow high-grade gold and three thick intercepts of lower-grade gold-bearing quartz veins. Our team is very encouraged by the strength of the gold system, which not only shows exceptional continuity over 350 meters down-dip of the historic Aubelle Mineralized Zone (AMZ) and the Conway vein, but also suggests these zones are increasing in thickness with depth. This initial drill program was a big step towards de-risking the Belleterre gold project, and the structural data obtained from this program will be critical in helping our team vector towards higher-grade vein shoots.”

Mr. Fedosiewich continues, “In addition, we are very encouraged by the progress of our ongoing Phase II drill program, where we are focused on validating high-grade gold feeder structures surrounding the historic Belleterre gold mine. Several veins on the 12W horizon have been intersected with select samples being rushed for assay. We look forward to these results in the coming weeks and months.”

Phase I Highlights:

• Bonanza grade intercept of 55.2 g/t Au over 0.5 m (BV 21-001, Figure 2)
  • 1.58 g/t Au over 8.0 m (BV21-002, Figure 2, 3 & 4)
  • 6.37 g/t Au over 1.0 m within 0.65 g/t Au over 18.5 m (BV 21-005, Figure 2 & 3)
• Two principal styles of vein mineralisation have been recognised:
  • Strongly schistose basalt, altered in chlorite, biotite, carbonate and quartz, locally brecciated and intruded by lamprophyre & quartz (QZ) veining containing 3-20% pyrite (“PY”)-pyrrhotite(“PO”) with trace sphalerite(“SP”) chalchopyrite (“CP”) and;
  • QZ vein injected in a chloritized gabbro, mineralized by stringer and blebs of PY (3-5%), CP (3%), SP (1%) and galena (“GN”) (1%)
• Drilling validated gold continuity at depth on two of the main structures hosting the AMZ and the Conway vein, with thickness of mineralized envelopes appearing to increase with depth (Figure 2 & 3). The intersection of these ore shoots remains open in all directions.
• Identification of new mineralized structures including a parallel vein system located between the AMZ and Conway zone which returned low-grade gold over 12.5 m including 1.16 g/t Au over 3 m. (Figure 2 & 3)

This news release comprises the results of five (5) holes completed in the Phase I drill program totalling over 3,857 m (Figure 1 and Table 1 & 2). Phase I results were very encouraging with evidence of high-grade gold grading up to 55.2 g/t Au over 0.5 m, as well as wider, lower-grade intercepts ranging from 8.0 to 18.5 m at an average vertical depth of 500 m. Vior’s technical team is especially encouraged by the wider mineralized intercepts, which suggest the gold-bearing structures may be getting thicker at depth. Vein-hosted gold deposits of the Abitibi greenstone belt typically exhibit exceptional vertical continuity with many deposits extending over 1,000+ m down-dip. Meanwhile, the Belleterre district is highly underexplored with historical drilling typically restricted to 100-300 m from surface, which highlights the untapped exploration potential at depth across the district.

Figure 2: Isometric cross-section A-A’ of the Aubelle Mineralized Zone (AMZ) and the Conway vein showing high-grade gold intercepts in BV 21-001.

Figure 3: Schematic cross-section B-B’ of the AMZ & Conway vein system.

Figure 4: Drill core photo’s showing mineralization and gold distribution in drill hole BV21-002.