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Viscount Mining Announces Completion of Master’s Thesis For Cherry Creek Nevada

Corporate Updates

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PRESS RELEASE September 25, 2019

Viscount Mining Announces Completion of Master’s Thesis

For Cherry Creek Nevada

VANCOUVER, Canada –- Viscount Mining Corp. (TSX-V: VML) (OTCQB: VLMGF) (“Viscount” or

“the Company”), is pleased to announce the receipt of a master’s thesis completed on the Cherry Creek

Mining District in Nevada where our Cherry Creek property is located.

The thesis was prepared by David J. Freedman as partial fulfillment of the requirements for the Master of

Science degree in Geology at the University of Nevada, Reno Ralph J. Roberts Center for Research in

Economic Geology (CREG); under the direction of advisor Dr. Michael W. Ressel Ph.D., a research

geologist with the Nevada Bureau of Mines and Geology. Previously, Dr. Ressel was Chief Geologist of

North America for Newmont Mining.

The thesis is entitled: “Igneous and Hydrothermal Geology of the Central Cherry Creek Range, White Pine

County, Nevada.” It discusses the local geology, geochemistry, age date work, igneous geology, rock

alteration, and mineralization. Several of the Company’s gold and silver target areas are discussed in the

thesis and directly benefit from the new geological understanding and new geochemical data.

The thesis work has documented a large, long lived hydrothermal mineralizing system and shows abundant

evidence of hydrothermal mineralizati on (metals carried by hot water and deposited in favorable rocks, and

vein structures etc.) This large hydrothermal footprint encompasses nearly eight kilometers of stratigraphy and

is responsible for the metallic mineralization that has allowed over 40 historical mines to operate in the district.

The thesis documents the various mineral occurrences and relates them to each other in time and space, which

is extremely useful for pursuing exploration targe ts because Viscount can now develop a model of the

mineralizing events and to a degree predict where the next deposits might be located.

The company is currently incorporating the findings of this thesis into its targeting and exploration work for

the fall of 2019.

Viscount Director Mark Abrams, BSc. and MSc. in Geology stated: “We are very pleased with the findings

in Mr. Freedman’s thesis. The age of the intrusions and related mineralization is very consistent with other

productive precious metal mining districts in north-central and eastern Nevada. The deep reaching through-

going, high angle faults have fractured the host rocks and prepared them to allow circulation of mineralizing

fluids carrying precious and base metals. These high-angle faults coupled with the low-angle bedding

parallel faults allow the mineralizing fluids to ascend through the rock column and travel laterally along the

contacts between rock units to later precipitate mineralization in favorable horizons in the known regional

host rocks that occur at Cherry Creek.”

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About Viscount Mining (TSX VENTURE: VML) (OTCQB: VLMGF)

Viscount Mining is a project generator and an exploration company with a portfolio of silver and gold

properties in the Western United States, including Silver Cliff in Colorado and Cherry Creek in Nevada.

The Silver Cliff property in Colorado lies within the historic Hardscrabble Silver District in the Wet

Mountain Valley, Custer County, south-central Colorado. It is located 44 miles WSW of Pueblo, Colorado,

and has year-around access by paved road. The property consists of 900 hectares where high grade silver,

gold and base metal production came from numerous mines during the period 1878 to the early 1900’s. The

property underwent substantial exploration between 1967 and 1984.

The property is interpreted to encompass a portion of a large caldera and highly altered seq uence of Tertiary

rhyolitic flows and fragmental units which offers potential to host deposits with both precious and base metals.

This has been demonstrated in the mineralization historically extracted from the numerous underground and

surface mining oper ations. Drilling in the 1980s by Tenneco resulted in a feasibility study on which basis it

was planned to bring the property to production. The plan was abandoned following take over by another

company.

The Cherry Creek Property exploration is focused in an area commonly known as the Cherry Creek Mining

District, located approximately 30 miles north of the town of Ely, in White Pine County, Nevada. Cherry Creek

consists of over 400 unpatented and patented claims as well as mill rights, and is comprised of more than 3238

hectares. Cherry Creek includes more than 20 past producing mines.

For additional information regarding the above noted property and other corporate information, please

visit the Company's website at www.viscountmining.com

ON BEHALF OF THE BOARD OF DIRECTORS

“Jim MacKenzie”

President, CEO and Director

For further information, please contact:

Viscount Investor Relations

Phone: 1 844 863 3622

Email: [email protected]

Neither 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 statements that may be deemed "forward -looking" statements. Forward looking

statements are statements that are not historical facts and are generally, but not always, identified by the words "expects",

"plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events

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or conditions "will", "would", "may", "could" or "should" occur. Although Viscount Mining Corp. believes the

expectations expressed in such forward -looking statements are based on reasonable assumptions, such statements are

not guarantees of future performance and actual results may differ materially from those in forward looking statements.

Forward looking statements are based on the beliefs, estimates and opinions of Viscount Mining Corp. management on

the date the statements are made. Except as required by law, Viscount Mining Corp. undertakes no obligation to update

these forward-looking statements in the event that managem ent's beliefs, estimates or opinions, or other factors, should

change.

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