VIOR INC. provided an update on the Corporation's Spring/Summer 2023 field exploration programs and corporate strategy across its three key exploration projects: Belleterre Gold Project, Belleterre Critical Minerals Project (Lithium) and Skyfall Nickel Project. Vior and its funding partners will spend approximately CAD 2.5 million in direct exploration costs over the Spring/Summer 2023 period. Highlights: Extensive field exploration programs have begun at Belleterre and Skyfall that will continue into Fall 2023.

This work will include: stripping, channel sampling, and a backpack drilling to investigate near surface geological continuity at the Belleterre Gold Project; first reconnaissance program for lithium-bearing pegmatites at Belleterre Critical Minerals Project (Lithium) and near surface geological backpack drilling to investigate geological continuity. Field crews have located pegmatite dyke swarms with Two-Mica and Beryl; district-scale helicopter-borne High Definition VTEM survey has been completed at the Skyfall Nickel Project, contributing to an in-depth interpretation of numerous high potential nickel targets. These targets will be validated in the field with the first-ever large-scale field reconnaissance program for nickel.

Belleterre Gold Project: Vior began field work in early May at the Belleterre Gold Project, deploying two dedicated crews with the objective of validating the revised regional mineralization model. This validation program follows the comprehensive update to the geochemical and litho-structure analysis undertaken over Winter 2022-2023. This initial field work has helped to better identify key targets with known mineralization for overburden stripping, channel sampling and near surface investigatory backpack drilling.

Vior continues to finalize these key targets, including the recognition of new mineralized QFP intrusives frequently associated with gold mineralization throughout the region. Upon completion of the stripping, channel sampling, and mapping program, Vior will finalize and prioritize its drill targets, and then embark on a significant drilling campaign encompassing an estimated 30,000 metres. Belleterre Critical Minerals Project (Lithium): A comprehensive field program at the Belleterre Critical Minerals Project (Lithium) began in May with three crews and will resume through this Summer.

The teams are focused on validating all available exploration data, including geochemical, geophysical, and regional geological mapping. The primary objective is to thoroughly map and sample the highly prospective lithium-bearing corridor, spanning a length of 90 kilometres and flanking the Reservoir Decelles Batholith (RDB) contact. Initial findings have already indicated the occurrence of two-mica granites, a significant precursor for the formation of lithium-cesium-tantalum (LCT) pegmatites.

Access for prospecting in the region is exceptionally favourable, facilitated by the presence of multiple all-season logging roads and ATV trails. Vior is employing portable X-ray fluorescence (pXRF) field measurements to enhance the accuracy of identifying evolved LCT pegmatites. Once selected locations have undergone analytical confirmation, Vior will proceed with mechanical stripping to uncover and expose cross-sections of promising pegmatite areas.

In addition, the exploration team will also undertake some channel sampling, near surface backpack drilling, and subsequent assays of prospective lithium bearing pegmatites. Skyfall Nickel Project: Vior has just initiated its first-ever comprehensive and targeted validation field program for nickel-sulphide bearing horizons at the Skyfall Nickel Project. This work follows the completion of a 3,636 line-kilometre airborne VTEM survey (with a 100m spacing per line), where final results have been received and interpretations are being integrated.

The project area benefits from extensive access through a network of logging roads and ATV trails. In line with Vior's systematic exploration approach, the initial prospecting efforts of the crews will encompass sampling of VTEM targets in areas with exposed bedrock and manually stripped areas where shallow overburden is present. Advanced field technologies will be used, including portable pXRF measurements, to effectively identify and assess elevated concentrations of nickel, copper, cobalt, and/or platinum group elements (PGEs).