Vior Completes the Second Closing of Its Overall Financing FOR a Total of $2,400,000

VIOR COMPLETES THE SECOND CLOSING OF ITS OVERALL FINANCING FOR A TOTAL

OF $2,400,000

MONTREAL, CANADA, March 31, 2021 - VIOR INC. (“Vior” or the “Corporation”), (TSX-V:

VIO, FRANKFURT: VL51) - is pleased to announce the second closing (“2nd Closing”) of its

financing previously announced on March 17, 2021 (the “Offering”) through the issuance of

7,600,000 units at a price of $0.20 per unit for gross proceeds of $1,520,000. The total gross

proceeds of the Offering to Vior is $2,400,000.

Osisko Mining Inc. (“Osisko”) has exercised its equity participation right to maintain its ownership

at 9.9% on a partially diluted basis by acquiring 525,000 units for $105,000. This right had been

granted to Osisko on March 17, 2021 pursuant to an Investor Rights Agreement entered into by

Vior and Osisko. Immediately following the 2nd Closing, Osisko will hold approximately 6.9% of

the issued and outstanding Common Shares of Vior (and 9.9% on a partially diluted basis ,

presuming the exercise of all Warrants held by Osisko).

Fonds de solidarité FTQ, SIDEX, s.e.c. and the Société de Développement de la Baie-James also

participated in the 2nd Closing for a total amount of $600,000.

Each unit will consist of one common share in the capital of Vior ( a “Common Share”) and one-

half of one C ommon Share purchase warrant (each whole warrant a “Warrant”). Each Warrant

will entitle the holder to acquire one additional Common Share at an exercise price of $ 0.30 per

Common Share for a period of 24 months from the closing date. The Warrants forming part of the

Units purchased during the 2nd Closing shall be subject to an accelerated expiry date clause

whereby, at any time following the expiry of the four-months and one day hold period, should the

trading price of the Common Shares on the TSX Venture Exchange (the “TSX-V”) be equal to or

exceed $0. 45 for 10 consecutive trading days, as evidenced by the price at the close of the

market, then Vior shall be entitled to notify the holder of its intention to force the exercise of the

Warrants within a period of 30 days following the receipt of such notice by the Warrant holder.

Vior intends to use the net proceeds from this 2nd Closing to fund exploration work in Quebec, as

well as for working capital and general corporate purposes.

The insiders’ participation for $17 1,000 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 acco rdance 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 Insiders exceeds

25% of the market capitalization of Vior. Vior did not file a material change report 21 days prior to

the closing as the details of the participation of insiders of Vior had not been confirmed at that

time.

PRESS RELEASE

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The securities issued in the 2nd Closing of the Offering are subject to a four -month and one (1)

day hold period expiring on July 31, 2021.

In connection with this second closing of the Offering, finder’s fees equal to an aggregate amount

of $11,100 were paid to third parties dealing at arm’s length with Vior. The Offering is subject to

certain conditions including, but not limited to, the receipt of all necessary regulatory and other

approvals, including the acceptance by the TSX-V.

About Vior

Vior is a junior mining exploration company based in Quebec whose Corporate Strategy is to

generate, explore, and develop high-quality projects in proven and favourable mining jurisdictions

in North America. Through the years, Vior’s management and technical team have demonstrated

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

For further information, please contact:

Mark Fedosiewich Laurent Eustache

President and CEO VP Corporate Developement

Tel.: 613-898-5052 Tel.: 514-442-7707

[email protected] [email protected]

Website: www.vior.ca

SEDAR: Vior Inc.

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.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward -looking information" within the meaning of the applicable Canadian

securities legislation that is based on expectations, estimates, projections and interpretations as at the date

of this news release. The info rmation in this news release about the closing of the Offering (if at all); the

demand for Units (if any); the use of proceeds of the Offering; the approval of the TSX Venture Exchange

relating to the Offering; and any other information herein that is not a historical fact may be "forward-looking

information". Any statement that involves discussions with respect to predictions, expectations,

interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but

not al ways using phrases such as "expects", or "does not expect", "is expected", "interpreted",

"management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts",

"estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions,

events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not

statements of historical fact and may be forward -looking information and are intended to identify for ward-

looking information. This forward -looking information is based on reasonable assumptions and estimates

of management of the Corporation at the time such assumptions and estimates were made, and involves

known and unknown risks, uncertainties and other factors which may cause the actual results, performance

or achievements of Vior to be materially different from any future results, perform ance or achievements

expressed or implied by such forward-looking information. Such factors include, but are not limited to, the

Corporation’s ability to obtain all approvals required in connection with the Offering and successfully

complete the Offering, the Corporation’s ability to predict or counteract potential impact of COVID -19

coronavirus on factors relevant to the Corporation’s business, failure to identify mineral resources and

failure to convert such estimated mineral resources to reserves, capital and operating costs varying

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significantly from estimates; delays in obtaining or failures to obtain required governmental, environmental

or other project approvals; uncertainties relating to the availability and costs of financing needed in the

future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of

projects; the other risks involved in the mineral exploration and development industry; and those risks set

out in the Corporation's public documents filed on SEDAR (www.sedar.com) under Vior’s issuer profile.

Although the Corporation believes that the assumptions and factors used in preparing the forward-looking

information in this news release are reasonable, undue reliance should not be placed on such information,

which only applies as of the date of this news release, and no assurance can be given that such events will

occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update

or revise any forward -looking information, whether as a result of new information, future events or

otherwise, other than as required by law.