Vior Options Its Lake Mirabelli Lithium Project to Stria
VIOR OPTIONS ITS LAKE MIRABELLI LITHIUM PROJECT TO STRIA
Montreal, CANADA, May 2, 2023 - VIOR INC. (« Vior » or the « Corporation »), (TSX-V: VIO,
OTCQB: VIORF and FRANKFURT: VL51) – is pleased to announce that it has executed a
definitive agreement (the “Agreement”) with Stria Lithium Inc. (“Stria”), for its Lake Mirabelli
Lithium property package (the “Property”), located approximately 300 kilometers north of the town
of Matagami, in the James Bay region o f Quebec. The Property consists of 49 claims, adjacent
to claims owned by Brunswick Exploration Inc. and Li-FT Power Ltd.
The Agreement outlines the final terms and conditions between Vior and Stria; providing Stria
with the right to acquire a 100% undivided interest in the Property. This Agreement will be subject
to receipt of all regulatory approvals, including acceptance and approval by the TSX Venture
Exchange.
Agreement Highlights:
Stria will have the option to acquire a 100% undivided interest in the Property over a 14 -month
period by:
• completing before September 21, 2023, a minimum aggregate amount of exploration
expenditures of at least $42,000, and file all required reports and assessment work, in
order to maintain the Property in good standing under the Mining Act (Quebec); and
• completing cash payments to Vior totalling $175,000 over a 14-month period; and
• completing share payments to Vior totalling 950,000 shares over a 14-month period.
Mark Fedosiewich, President and CEO of Vior, stated: “We are very pleased to announce th is
Agreement with a quality partner like Stria who will ensure that the Property remains in good
standing and that i t receives the attention that it deserves to uncover its lithium potential . The
Property was a non -strategic asset for Vior that had been dormant for several years, and now
Vior shareholders have the opportunity to participate in its upside potential by having Stria
advance it.”
Qualified Person
The technical content disclosed in this press release was reviewed and approved by Laurent
Eustache, Executive Vice-President for VIOR and Qualified Person as per NI 43-101.
About Vior
Vior is a junior mi ning exploration corporation based in Quebec whose corporate strategy is to
generate, explore, and develop high quality projects in proven and favourable mining jurisdictions
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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
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 Ven ture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
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 explo ration
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 naturelle (“MERN”) of the request for
abandonment of the two mining concessions filed by 9293 -0122 Québec Inc. are forward -looking statements. Forw ard-looking
statements are generally identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe",
"intend", "to earn", "to have', "plan" or "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 mate rially 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 expendit ures, 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 and 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 identi fied 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 from 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 which could cause actual results to differ materially, there 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