Vior Issues Shares to Osisko Mining FOR Blondeau-Guillet Option

VIOR ISSUES SHARES TO OSISKO MINING FOR BLONDEAU-GUILLET OPTION

MONTREAL, CANADA, August 25, 2023 - VIOR INC. (“Vior” or the “Corporation”), (TSX-V:

VIO, OTC: VIORF and FRANKFURT: VL51) is pleased to announce the issuance of 535,714

Vior common shares to Osisko Mining Inc. (“Osisko”), to satisfy the second anniversary payment

obligation pursuant to the Option Agreement signed on August 24, 2021 , and amended as of

August 24, 2022 (collectively, the “Option Agreement”), for the Blondeau-Guillet gold property in

the Abitibi -Témiscamingue region of Quebec (see the Corporation’s press release dated

November 14, 2022 for more details on the transaction) . The share issuance was approved by

the TSX Venture Exchange (“TSXV”) and is subject to a 4 month and one day hold period.

The Option Agreement is considered to be a "related party transaction" for purposes of Multilateral

Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101")

and Policy 5.9 – Protection of Minority Security Holders in Special Transactions of the TSXV, as

Osisko is a "related party" (for purposes of MI 61 -101) of the Corporation by virtue of holding

beneficial ownership over more than 10% of the outstanding common shares of the Corporation.

Osisko is also considered to be a Non-Arm’s Length Party of Vior under the policies of the TSXV.

The Co rporation is relying on exemptions from the formal valuation and minority shareholder

approval requirements available under MI 61 -101. The C orporation is exempt from the formal

valuation requirement in section 5.4 of MI 61-101 in reliance on sections 5.5(a) and (b) of MI 61-

101 as the fair market value of the transaction, insofar as it involves interested parties, is not more

than the 25% of the Corporation's market capitalization, and no securities of the Co rporation are

listed or quoted for trading on prescribed stock exchanges or stock markets. Additionally, the

Corporation is exempt from minority shareholder approval requirement in section 5.6 of MI 61 -

101 in reliance on section 5.7(b) of MI 61-101 as the fair market value of the transactions, insofar

as it involves interested parties, are not more than 25% of the Corporation's market capitalization.

Immediately following the share issuance, Osisko will own approximately 1 4.09% of the issued

and outstanding common shares of Vior on an undiluted basis, and approximately 14.89% on a

partially diluted basis, presuming the exercise of all outstanding warrants held by Osisko.

Vior Inc.

Vior is a junior mining exploration corporation 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 . Vior is

rapidly advancing three district-scale projects in Quebec, which include its flagship Belleterre Gold

Project, the Belleterre Lithium Project and its Skyfall Nickel project.

For further information, please contact:

Mark Fedosiewich Laurent Eustache

President and CEO Executive Vice-President

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613-898-5052 514-442-7707

[email protected] [email protected]

www.vior.ca

Neither the TSX Venture Exchange nor its regulation services provider (as defined in the Policies of the TSX

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