VIOR INC - VIORF STOCK NEWS

Vior Inc. (TSXV:VIO)(OTCQB:VIORF) has provided an update on its +60,000 metre diamond drill program at the Belleterre Gold Project in Quebec. The program, which began on September 23, 2024, has completed 19 drill holes and 4,054 metres in the former Belleterre Mine area. Early observations indicate extensions of favorable mineralization proximal to the historic production area, with up to 16.6 m core length of sulphide mineralized quartz-veining in altered mafic volcanic rocks.

The drilling has targeted near-surface zones within the western 400 m of the +800 metre-long Belleterre gold mine Vein #12 system. Fifteen of the holes intersected typical Belleterre Mine style sulphide mineralization and alteration. Over 1,244 core samples have been sent for analysis, with all assay results pending. The company has temporarily relocated drilling to the Aubelle Deposit target area due to the provincial hunting season.

Vior announced the conversion of Subscription Receipts into Units and the closing of a Royalty Option Agreement with Osisko Mining. Following the offering of $19.3 million on March 28, 2024, the Escrow Release Conditions were satisfied, converting 19,840,000 Subscription Receipts into Units and releasing $2.48 million in gross proceeds. Each Unit includes one common share and one-half of a common share purchase warrant. Osisko Mining's approval as a control person by shareholders and the TSX Venture Exchange, an amended Investor Rights Agreement, and a Royalty Option Agreement were preconditions for this conversion. This milestone, part of a $21.83 million overall financing, also brought Vior an additional $250,000 from Osisko Mining, reinforcing investor confidence in Vior's Belleterre Gold Project.

Vior announced the results of its Special Meeting of Shareholders held on June 7, 2024. The shareholders approved Osisko Mining as a new 'Control Person' with 99.98% of the votes. Additionally, minority shareholders approved the acquisition of 19,840,000 Subscription Receipts by Osisko Mining at $0.125 per receipt, along with the execution of an amended Investor Rights Agreement and a Royalty Option Agreement, both receiving 99.97% approval. Each Subscription Receipt can convert to one common share and a half-share purchase warrant, with the latter exercisable at $0.21 for 24 months. The proceeds from the Subscription Receipts are held in escrow, contingent upon specific conditions being met by June 30, 2024.

Vior Inc. announces the accelerated acquisition of 100% of the former Belleterre Gold Mine through a definitive asset purchase agreement, securing two mining concessions that were part of the historical mine's production. The renegotiated the Acquisition Agreement to own 100% of the Concessions at a reduced cost, demonstrating sound financial management. The acquisition is expected to close around May 14, 2024, allowing Vior to advance its growth objectives with a significant drill program starting in early Summer 2024.

Vior closes a $2.5 million private placement, issuing 20,160,000 units at $0.125 per unit. The funds will support exploration work in Quebec and general corporate purposes. The company expresses confidence in its flagship Belleterre Gold Project and anticipates a busy year ahead with drilling starting in June. Vior paid finders' fees of $113,313 to third parties. The units and warrants are subject to a hold period until August 19, 2024.

Vior Inc. successfully closed a private placement, raising $19.3 million through the issuance of various units. The funds will support an exploration budget of $13 million, focusing on the Belleterre Gold Project in Quebec. Osisko Mining Inc. acquired all Subscription Receipts, potentially becoming a 'Control Person' of Vior. The Offering is subject to final approval by the TSX Venture Exchange.

VIOR INC. (VIORF) announces successful results from the 2023 field exploration program at the Skyfall Project, confirming the multi-mineral potential of the property. The discovery includes a polymetallic gold-copper-cobalt showing and nickel potential. The project is located near the Windfall gold project, covering 545km2 with 985 claims. Vior plans to resume fieldwork in 2024 to explore further.

Vior Inc. has signed a definitive Option Agreement with NioBay Metals Inc. for the Foothills Project, granting NioBay an 80% undivided interest. The district-scale Project consists of 529 claims over an area of 285km2, with strong potential for critical and strategic minerals. Vior has confirmed the presence of rutile-ilmenite and phosphate. NioBay will have the option to acquire an 80% undivided interest by fulfilling the terms and schedule outlined in the Agreement. Vior's President and CEO, Mark Fedosiewich, expressed enthusiasm about the partnership with NioBay and the potential for the Foothills Project. Additionally, Vior clarified its contract with Consultant, Machai Capital Inc., subject to TSXV approval.

Vior Inc. (VIO) grants 225,000 stock options to a director and retains Machai Capital Inc. for digital marketing and investor relations services.