Viscount Mining Corp. announced first results on the TiCup Target from the 2021 work program on the 100% controlled Cherry Creek Project in eastern White Pine County, Nevada. partner Centerra Gold Inc. (Centerra) has been diligently doing geological mapping and geochemical sampling on the property. The Target Area Location Map below shows the eleven target areas that have been the subject of focused prospecting, geochemical sampling and geophysics work. It also shows the outline of enlarged claim position. All the targets will be discussed in upcoming news releases. This release highlights the TiCup Target Area. The TiCup was a major silver producer in the Cherry Creek Mining District. The deposits occurred as high- grade lenticular chutes and replacements within the vein and a thrust fault. This mine was noted for having ore shoots of bonanza grade ore. For example, in 1874 when the shaft was at a depth of 73m and had only 137m of development work the 2.5ft vein at the bottom of the shaft assayed $234 per ton when the price of silver was $0.90 oz. The average grade of the silver mined in 1874 was 420-470 oz/t with the highest shipment reporting 4200 oz/t. (Source: University of Nevada Bulletin 14a, Nevada State Bureau of Mines and Mackay School of Mines. Author: F. C. Schrader geologist of the U.S. Geological Survey 1931). All of Schrader's estimates are deemed to be historical and not 43-101 compliant. The TiCup vein strikes northeast with a moderate dip to the west. It occurs within a thrust fault that separates massive limestone from an overlying shale. The vein has been traced for 3.5 miles and to a depth of 1,100 feet. The vein is truncated on the north by the Exchequer Fault which is likely the source of the mineralizing fluids. The vein is also bounded on the south by a post-mineral high-angle fault. Fred Anderson, the mine manager at the time of Tognani's report, reported the mineralization to be open below the TiCup shaft. (Source: TiCup Mining Corp. Author: Michael A. Tognoni, TiCup Mining Corp. mining engineer, 1985). The estimates are deemed to be historical and not 43-101 compliant. Additional exploration opportunities exist both at depth below the Ticup workings and further to the southwest along the Ticup and adjacent Fillmore Veins. Recent sampling indicates numerous silver values in rock samples. These areas lie on patented mining claims controlled by Viscount Mining. The TiCup target area is 376.49 acres or 152.36 hectares. The maximum rock sample silver for silver was 83.4 oz/t (2,860 g/t), while the maximum silver value in soils was 28.1 g/t. Forty-six rock samples ran greater than or equal 50 g/t silver, with ten rock samples assaying greater than or equal to 500 g/t; while two soil samples ran greater than or equal to 20 ppm silver. The TiCup is clearly a silver dominant target. So far Centerra has taken 1005 rock chip samples and 1207 soil samples. They have collected 82.6-line km of IP, 8 square km of ground magnetics and 850-line km of airborne magnetics. In addition, they completed a small Tromino survey (passive seismic tool for mapping stratigraphy and structure under pediment cover). First pass mapping and sampling have been completed over large portions of the property. Additional work field work plans will be made after results are received and reviewed. Centerra undertook the staking 278 new lode claims in 2021 bringing the total number of unpatented lode claims to 578. The property also includes 17 patented lode claims. These new claims strengthen position in the district and cover permissive lithologies, known mineralization as well as mineralized projections. After a short hiatus, Centerra has resumed IP geophysics work on the Western Anomaly before returning to the Ti-Cup area. This work is still in progress. Road building and pad construction commenced with eleven pads completed. The Company has implemented a rigorous QA/QC program using best industry practices at the Cherry Creek Property. Rock and soil samples are placed in securely sealed bags for transportation to the Bureau Veritas Mineral Laboratory in Elko, Nevada, for sample preparation and subsequent analysis at Bureau Veritas Mineral Laboratories Canada, in Vancouver. The insertion of standards, blanks and duplicates was conducted by
Centerra personnel at the property site.