Viscount Completes First Phase of 2026 Silver Cliff Drill Program and Identifies Important Geological Corridor Linking the Kate and Passiflora Areas
PRESS RELEASE June 3rd , 2026
FOR IMMEDIATE RELEASE
Viscount Completes First Phase of 2026 Silver Cliff Drill Program
and Identifies Important Geological Corridor Linking the Kate
and Passiflora Areas
• Final holes intersect strong phyllic alteration, increasing sulphide intensity, visible galena and localized
massive sulphide mineralization; assays pending
Vancouver, British Columbia – June 3, 2026 – Viscount Mining Corp. ("Viscount" or the "Company")
(TSX VENTURE: VML) (OTCQX: VLMGF) is pleased to announce completion of the first phase of the
core drill campaign at the Silver Cliff Project in Colorado, where the final four drill holes (K26 -05 through
K26-08) encountered widespread hydrothermal alteration, brecciation, manganese -oxide mineralization,
strong sulphide mineralization with increasing intensity, visible galena and localized massive sulphide
veining north of the Kate Resource area. T he Company believes these results support its interpretation that
the mineralized hydrothermal system at Silver Cliff extends beyond the current Kate Silver resource area
and northward toward the Passiflora porphyry target and the Ben West volcanic complex, potentially
indicating proximity to a larger mineralized system.
Notably, hole K26-08 intersected a localized massive-sulphide vein together with visible galena and possible
chalcopyrite, associated with strong pyrite mineralization and alteration. All mineralization described in this
release is based on visual examination of drill core only. Assays for the 2026 program are pending. Visual
estimates are inherently imprecise, are not a substitute for laboratory assays, and should not be relied upon
as an indication of grade or economic mineralization (see “Cautionary Note Regarding Visual Estimates”
below).
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Figure 1. Silver Cliff drill hole location and area map.
2026 Program Highlights
• Completed four final holes (K26-05 to K26-08) testing both resource-expansion targets around the Kate
deposit and new district-scale structural targets to the north.
• Intersected multiple zones of phyllic alteration, silicification and hydrothermal brecciation along major
structural corridors.
• Observed visually increasing sulphide intensity with depth, including a localized massive-sulphide vein
in hole K26-08.
• Identified visible galena and possible chalcopyrite in K26-08, consistent with the Company’s base -
metal and porphyry-related exploration model.
• Assays for all holes are pending and will be released once received, compiled and interpreted.
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Jim MacKenzie, CEO and Director stated “These final holes significantly strengthened our belief that Silver
Cliff hosts a large-scale mineralized hydrothermal system extending well beyond the current Kate resource
area. The increasing sulphide intensity, strong alteration and localized massive sulphi de mineralization
encountered in K26-08 are particularly encouraging and may indicate we are vectoring toward a more robust
mineralized center associated with the Passiflora target. With assays pending and geophysics now underway,
we believe Silver Cliff continues to demonstrate meaningful district-scale discovery potential.
Final Four Holes
The final four core holes of the Kate drill program were designed to test two anomalies identified during the
soil survey north of the Kate Silver resource area. This area has historically received very limited attention,
despite its proximity to the historic Defender mine, a past producer of lead and silver. The first two hole s
(K26-05 and K26-06) tested the more southerly soil anomaly, while the final two holes (K26 -07 and K26-
08) tested a strong anomaly located in the north-west corner of the soil survey.
Hole-by-Hole Summary
Hole K26-05 — Structural Corridor Target (Completed Depth: 276 feet / 84.1 metres)
K26-05 was designed to test a major north–south structural corridor north of the Kate resource, near
Colorado Quarry Road. The hole intersected broken to brecciated rhyolite with manganese -oxide, limonite
and hematite staining associated with multiple frac ture sets, before transitioning into a strongly altered
phyllic zone characterized by silicification, angular hydrothermal -breccia textures and finely disseminated
sulphides.
The Company notes that phyllic alteration of this type is commonly associated with porphyry- related
hydrothermal systems and is comparable to alteration ’s observed near the historic Passiflora and Defender
mines in the Silver Cliff district. The hole terminated at 276 feet (84 metres) while remaining within the
alteration zone.
It was drilled to the north along a north- trending fault zone that hosts three shafts along trend. The hole
encountered very muddy overburden from surface to approximately 14 feet, below which competent rock
was intersected. The core contained a few breccia zones together with disseminated sulphides visually
estimated at approximately 8% to 15% over its 276- foot (84-metre) length (visual estimate only — not an
assay).
Hole K26-06 — Follow-Up Structural Test (Completed Depth: 300 feet / 91.4 metres)
K26-06 was drilled as a follow -up along the same north–south structural corridor. Due to significant near -
surface clay alteration, the Company adjusted the drill orientation to better penetrate the target zone. The
hole intersected persistent phyllic alter ation, brecciation and finely disseminated pyrite over substantial
intervals, consistent with a broad hydrothermal alteration system extending northward from the Kate
resource.
It was drilled to the north-west from the same drill location and showed phyllic alteration. The intensity of
the alteration diminished as the hole progressed, which the Company interprets as the hole becoming more
distal to the heat source.
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Hole K26-07 — Ben West Volcanic Rim Target (Completed Depth: 500 feet / 152.4 metres)
K26-07 tested the southern rim of the Ben West volcanic complex within the Miocene-aged Tbb rim-breccia
unit. The hole provided important geological information on the volcanic and structural architecture linking
the Kate and Passiflora areas. The Company believes the Ben West complex may represent a hydrothermal
centre capable of focusing mineralizing fluids across the district.
K26-07 and K26-08 were drilled to test the strongest soil anomaly, located in the north- west corner of the
soil survey. K26-07 was drilled vertically. The hole intersected the volcanic rim breccia and exhibited strong
phyllic alteration, with some sulphide zones logged as almost solid.
Hole K26-08 — Increasing Sulphide Intensity and solid pyrite veins (Completed Depth: 500 feet / 152.4
metres)
K26-08 was among the most geologically encouraging holes of the 2026 program. Drilling encountered a
distinct oxidized-to-unoxidized transition at approximately 68 feet (20.7 metres), below which the visual
intensity of sulphide mineralization increased substantially. Logged features include
• Increasing sulphide intensity with depth
• Visible galena and possible chalcopyrite
• Sulphide-rich breccia zones
• A localized massive sulphide vein at depth
• Strong phyllic alteration associated with major structural corridors
• A localized solid pyrite vein approximately one foot (0.3 metres) in length at approximately 486 feet
(148.1 metres)
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Figure 3. K28-08 core photo starting at 578 to 604ftTD (176.2 – 184.1m). The rock can be described as blocky to competent,
variable medium gray, felsic to intermediate in composition, local breccia textures, skinny bands of massive pyritic sulfide locally,
finely disseminated brassy pyritic sulfide more common, also occurring along select fractures, blebby to stringer (>15%).
With increasing depth, sulphides were observed visually as disseminations, fracture-fill, stringers, blebs and
localized massive-sulphide veins. The Company believes these features may reflect increasing proximity to
a more strongly mineralized portion of the system. As noted above, these are visual observations only and
remain subject to confirmation by assay.
K26-08 was originally planned to be drilled to the north-west; however, following the results of K26-07, the
hole was instead drilled toward the north- east. Like K26 -07, it intersected the volcanic rim breccia and
exhibited strong phyllic alteration, with some sulphide zones logged as almost solid. The hole also
intersected metallic-looking crystals that were not identified in the field; these are expected to be identifiable
once geochemical results are received.
Given the strong gold and silver values returned from soil sampling in this area, the Company believes the
pyrite may be the host for gold and silver. This is a preliminary interpretation based on visual core logging
and soil geochemistry only; it has not been confirmed by assay of the drill core, which is pending.
Geological Interpretation
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The 2026 drill program indicates that hydrothermal alteration and visible mineralization extend beyond the
current Kate Silver resource boundary and continue northward toward the Passiflora area and the Ben West
volcanic complex. Across multiple holes, targeting expansion potential north of the Kate Resource the
program intersected:
• broad zones of phyllic alteration, silicification and hydrothermal brecciation
• Observed increasing sulphide intensity with depth across multiple holes
• Hole K26-08 encountered visible galena, possible chalcopyrite and localized pyrite veins
• Geological indicators suggest vectoring toward a larger mineralized system associated with the
Passiflora target
• Assays pending for all holes
The Company believes these characteristics are consistent with a vertically and laterally extensive
hydrothermal system with the potential to host both near-surface silver mineralization and deeper porphyry-
related mineralization. This interpretation is pr eliminary and based on visual core logging; it has not been
confirmed by assay results or by a mineral resource estimate. Assays from the 2026 holes are pending and
will be released once received, compiled and interpreted.
Cautionary Note Regarding Visual Estimates
Readers are cautioned that the descriptions of mineralization in this news release are based on visual
observation and visual estimates from drill core only. Visual estimates of mineral or sulphide abundance are
inherently imprecise and unreliable as a measure of grade. Mineralization observed in drill core may not be
representative of mineralization on the property, and the presence of sulphides, galena, chalcopyrite or other
minerals does not necessarily indicate the presence of economically recoverable mineralization. No assay or
analytical results are available for the 2026 drill holes as at the date of this news release. The Company
cautions that visual estimates should not be relied upon and that actual grades, widths and continuity of
mineralization can only be determined by laboratory assay of sampled drill core, which is pending.
True widths of the intervals described have not been determined, and reported lengths are downhole (core)
lengths.
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Figure 5. The Rosor Exploration geophysical crew has mobilized and arrived at the Silver Cliff Project survey area.
The Company has now completed its 2026 drill campaign and is advancing toward the next phase of
exploration at Silver Cliff. Assays from all 2026 drill holes are currently pending and will be released once
received, compiled and interpreted. In parallel, R osor Exploration has mobilized to commence a district -
scale geophysical survey designed to further define structural corridors and prioritize follow-up drill targets
along the emerging Kate –Passiflora trend. The Company believes the integration of drilling , soil
geochemistry and geophysical data will significantly enhance targeting as it continues to evaluate the broader
district-scale hydrothermal system and the potential for deeper porphyry-related mineralization.
The Company also announces that its Board of Directors has approved the granting of 7,375,000 stock
options to directors, management and consultants pursuant to the Company’s stock option plan. The options
are exercisable at a price of $0.50 per share for a period of five years and remain subject to applicable
regulatory approvals.
Quality Assurance/Quality Control ("QA/QC") Measures, Chain of Custody
All Viscount's drilling to date has been core. The Company has implemented a rigorous quality
assurance/quality control program at the Silver Cliff project. Core is retrieved from the drill site to a locked
storage facility, where it is logged on site by Christina Ricks, project geologist, and then cut by independent
geologists. Half of the core is bagged, and standards, blanks and duplicates are frequently inserted into the
sample stream. These are then boxed and shipped via USPS to Skyline Labs in Tucson, Arizona for sample
preparation and analysis. Pulps and rejects will then be retrieved and stored with the split core at the
Company's locked facility.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by
Harald Hoegberg, C. P.G., an independent consulting geologist who is a "Qualified Person" (QP) as such
term is defined under National Instrument 43-101 — Standards of Disclosure for Mineral Projects ("NI 43-
101"). On-site geological logging and field supervision of the 2026 program is being conducted by Christina
Ricks, project geologist. Visual descriptions of drill core are qualitative observations only and are not a
substitute for laboratory assay data. Mineral identifications made in hand- specimen are subject to
confirmation by laboratory analysis. Readers are cautioned that mineralization observed in drill core may
not be representative of the deposit as a whole, and that assay results, once received, may differ materially
from visual estimates. Historic results are not necessarily indicative of mineralization that may be returned
by the 2026 program.
About Viscount Mining Corp.
Viscount Mining Corp. is a project generator and mineral exploration company focused on advancing high-
quality silver, gold and copper assets in the western United States. The Company’s portfolio includes the
Silver Cliff silver project in Colorado and the Cherry Creek multi-metal district in Nevada.
Silver Cliff Project — Colorado
Silver Cliff is located in the historic Hardscrabble Silver District and comprises 96 lode claims with year -
round paved access and established local infrastructure. The Project covers a large volcanic caldera system
recognized for its silver, gold and base-metal potential, and contains two principal areas of focus:
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• Kate Deposit (Silver Resource Area): the Kate deposit hosts a near -surface silver mineral resource
estimated in accordance with NI 43-101 and prepared by an independent qualified person. Investors are
encouraged to review the full technical report, available under the Company’s profile on SED AR+ at
www.sedarplus.ca, for resource categories, tonnes, grades and the assumptions and methodology on
which the estimate is based.
• Passiflora Porphyry Target: historical and modern drilling indicate extensive hydrothermal alteration
consistent with a large porphyry system. Drilling by Viscount in hole PF -23-03A intersected a 843.9-
metre downhole interval of gold-copper mineralization, which the Company interprets as lying on the
periphery of a potentially larger intrusive centre. The reported length is a downhole (core) length; true
width has not been determined, and readers are referred to the Company’s news release dated [insert
original release date] and its filings on SEDAR+ for the associated assay results and details.
Mineralization remains open in multiple directions.
Cherry Creek Project — Nevada
Cherry Creek comprises 219 unpatented and 9 patented claims in a historic mining district approximately
50 miles north of Ely, Nevada. The property includes more than 20 past-producing mines and hosts several
styles of mineralization, including silver -gold veins, carbonate-replacement (CRD) zones, jasperoids and
porphyry-related alteration. The district is 100% controlled by Viscount and is considered prospective for
multi-metal discoveries within the broader mineralized system.
For additional information regarding the above properties and other corporate information, please visit the
Company’s website at www.viscountmining.com.
On Behalf of the Board of Directors
“Jim MacKenzie”
Jim MacKenzie President, Chief Executive Officer and Director
For further information, please contact:
Viscount Investor Relations
Email: [email protected]
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.
Forward-Looking Statements
This news release contains certain “forward -looking statements” and “forward -looking information” within the
meaning of applicable Canadian securities legislation. Forward -looking statements include, but are not limited to,
statements regarding the Company’s exploration plans and objectives; the interpretation of drill results and the
geological model at Silver Cliff; the potential size, continuity, grade and character of mineralization (including any
porphyry-related mineralization); the expectation that assay results will be received, compiled and disclosed; and the
potential of the Silver Cliff and Cherry Creek projects. Forward-looking statements are frequently identified by words
such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimat es”, “forecasts”, “intends”, “anticipates”,