Vior Announces Closing of $352K Private Placement and Election of Osisko Mining’S Nominee to the Board

VIOR ANNOUNCES CLOSING OF $352K PRIVATE PLACEMENT AND ELECTION OF

OSISKO MINING’S NOMINEE TO THE BOARD

Montreal, Canada, December 15, 2023 – Vior Inc. (“Vior” or the “Corporation”), (TSX-V:

VIO, OTCQB: VIORF and FRANKFURT: VL51) is pleased to announce that it has completed the

closing of a non-brokered private placem ent consisting of a total of 2,069,413 flow-through

common shares issued at a price of $0.17 (the “Offering”) for gross proceeds of $351,800.

Vior will use the Offering proceeds to fund exploration work on its Quebec gold properties. As a

result of the closing of the Offering, there are now 104,060,144 common shares of Vior issued

and outstanding.

In connection with the Offering, Vior has paid a cash finder’s fee of $ 11,070 to an arm’s length

third party.

The Offering was carried out pursuant to prospectus exemptions of applicable securities laws and

is subject to certain closing conditions, including but not limited to, the receipt of all necessary

regulatory approvals, including final approval by the TSX Venture Exch ange. Accordingly, the

securities issued in the Offering are subject to a restricted hold period of four (4) months and a

day, expiring on April 16, 2024 pursuant to National Instrument 45-102 – Resale Restrictions and

Regulation 45-102 – Resale of Securities and the certificates or DRS advices representing such

securities bear a legend to that effect.

An insider has participated in the Offering and was issued 100,000 flow-through common shares,

for total gross proceeds of $17,000. This participation in the Offering is a “related party

transaction” as defined in Regulation 61-101, and is exempt from the formal valuation and minority

shareholder approval requirements provided under Regulation 61 -101 respecting Protection of

Minority Security Holders in Special Transactions (“Regulation 61 -101”) in accordance with

Sections 5.5(a) and 5.7(1)( a) of Regulation 61 -101. The exemption is based on the fact that

neither the fair market value of the private placement, nor the consideration paid by such Insider

exceeds 25% of the market capitalization of the Corporation.

Vior Announces Appointment and Election of New Director

Mark Fedosiewich, President and CEO states: “On behalf of the Board and the whole team at Vior,

I would like to welcome Pascal Simard to the Board of Vior.”

Mr. Simard is a professional engineer with over 17 years of experience in Canadian mi neral

exploration projects. He joined Osisko Mining Inc. (“Osisko”) in 2015 as their Exploration Manager,

and now serves as their Vice President, Exploration. Prior to joining Osisko, he worked for Virginia

Mines and Cambior on mineral projects in the Abitibi, James-Bay and Northern Quebec. Mr. Simard

graduated from Université du Québec à Chicoutimi with a Bachelor degree in geological

engineering, and is a member of the Ordre des Ingénieurs du Québec.

Mr. Simard is Osisko’s nominee to Vior’s Board of Directors pursuant to the Investor Rights

Agreement between Vior and Osisko signed on March 22, 2021.

Mark Fedosiewich also wishes to thank Mr. Laurent Eustache for his valuable contribution to the

Board over the past several years. Mr. Eustache continues as Vior’s Executive Vice-President of

the Corporation.”

Annual and Special Meeting (“AGM”) of Shareholders’ results

At the December 12, 2023 AGM, shareholders of the Corporation approved all matters, including:

• Amendment to the Articles of the Corporation to provide that the directors of the

Corporation may appoint one or more additional directors to hold office for a term expiring

not later than the close of the next annual shareholders meeting, but the total number of

directors so appointed may not exceed one third of the number of directors elected at the

previous annual shareholders meeting.

• Election of the following directors: Éric Desaulniers, Mark Fedosiewich, Pascal Simard,

Claude St-Jacques et Charles-Olivier Tarte.

• Re-appointement of Raymond Chabot Grant Thornton LLP as auditors of the Corporation

and authorization by the board of Directors to fix the auditors’ remuneration.

About Vior

Vior is a hybrid junior mineral exploration company based in Quebec, whose corporate strategy

is to generate, explore and develop high-quality mineral projects in proven and favourable mining

jurisdictions in North America. Through the years, Vior's management and technical teams have

demonstrated their ability to discover several gold deposits and many high -quality mineral

prospects. Vior is rapidly advancing its flagship Belleterre Gold Project, its Skyfall Nickel Project,

along with several other promising mineral properties.

For further information, please contact:

Mark Fedosiewich Laurent Eustache

President and CEO Executive Vice-President

613-898-5052 514-442-7707

[email protected] [email protected]

www.vior.ca

SEDAR : Vior Inc

Forward-Looking Statements

This news release contains forward-looking statements. All statements, other than of historical facts, that

address activities, events or developments that the Corporation believes, expects or anticipates will or may

occur in the future including, without limitation, the planned exploration program on the Belleterre project,

the expected positive exploration results, the timing of the exploration results, the ability of the Corporation

to continue with the exploration program, the availability of the requir ed funds to continue with the

exploration and the approval from the Ministère de l’énergie et des ressources naturelles (“MERN”) of the

request for abandonment of the two mining concessions filed by 9293 -0122 Québec Inc. are forward -

looking statements. Forward -looking statements are generally identifiable by use of the words "will",

"should", "continue", "expect", "ant icipate", "estimate", "believe", "intend", "to earn", "to have', "plan"

and "project" or the negative of these words or other variations on these words or comparable terminology.

Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond

the Corporation's ability to control or predict, that may cause the actual results of the Corporation to differ

materially from those discussed in the forward-looking statements. Factors that could cause actual results

or events to differ materially from current expectations include, among other things, failure to meet

expected, estimated or planned exploration expenditures, the possibility that future exploration results will

not be consistent with the Corporation's expectations, general business and economic conditions, changes

in world gold markets, sufficient labour and equipment being available, changes in laws an d permitting

requirements, unanticipated weather changes, title disputes and claims, environmental risks, the refusal by

the MERN to approve the request for abandonment of the two mining concessions held by 9293 -0122

Québec Inc. as well as those risks iden tified in the Corporation's annual Management's Discussion and

Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying

the forward-looking statements prove incorrect, actual results may vary materially fro m those described

and accordingly, readers should not place undue reliance on forward -looking statements. Although the

Corporation has attempted to identify important risks, uncertainties and factors that could cause actual

results to differ materially, th ere may be others that cause results not to be as anticipated, estimated or

intended. The Corporation does not intend, and does not assume any obligation, to update these forward-

looking statements except as otherwise required by applicable law.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the

Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.