VIOR INC - VIORF STOCK NEWS

Vior Inc. (VIO) Completes Private Placement and Appoints New Director, Pascal Simard

Vior Inc. reports outstanding initial field exploration results from its Foothills Project. Extensive mineralized phosphate system confirmed, along with high-grade mineral content in rutile-bearing massive ilmenite oxide. Project could rapidly become important component of Vior's value creation strategy. Additional fieldwork planned to evaluate and expand on phosphate discovery.

Vior Inc. issues 535,714 shares to Osisko Mining as payment for the Blondeau-Guillet gold property option. Osisko will own approximately 14.09% of Vior's common shares.

Vior Inc. provides an update on its Summer 2023 field exploration programs across its three key projects: Belleterre Gold Project, Belleterre Critical Minerals Project (Lithium), and Skyfall Nickel Project. The temporary restrictions caused by forest fires have been lifted, allowing the exploration work to continue. Vior's proactive approach has averted potential downtime. The field work includes stripping, channel sampling, and backpack drilling at the Belleterre Gold Project, reconnaissance program for lithium-bearing pegmatites at the Belleterre Critical Minerals Project, and large-scale field reconnaissance program at the Skyfall Nickel Project. Vior will also provide a comprehensive technical update in the future.

Vior Inc. has completed a non-brokered private placement, raising $2.5 million through the issuance of 5,042,017 flow-through common shares at $0.2975 each for critical minerals exploration and 3,883,495 flow-through common shares at $0.2575 each for mining expenditures. Osisko Mining Inc. acquired 6,983,765 common shares, raising its ownership to approximately 13.63% of Vior. The funds will support exploration in Quebec, particularly for the Belleterre Gold and Lithium projects. The securities are subject to a four-month hold period, expiring on July 31, 2023.

Vior Inc. (OTCQB: VIORF) announced a Definitive Option and Joint Venture Agreement with SOQUEM Inc. for the Skyfall Nickel project in Quebec. This agreement allows SOQUEM to acquire a 50% interest in the project, with exploration financing commitments of $2.5 million over two years and cash payments totaling $350,000. Vior will lead operations while benefiting from SOQUEM's financial backing. The Skyfall project has considerable potential for nickel deposits, covering 53,864 ha and is strategically situated in a region known for valuable mineralization. This partnership enhances Vior's financial strength and focuses resources on exploration efforts.