Viscount Mining Enters Into Long Term Agreement for Additional Acreage at its Silver Cliff Property, Colorado

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PRESS RELEASE June 27, 2017

Viscount Mining Enters Into Long Term Agreement for

Additional Acreage at its Silver Cliff Property, Colorado

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

or “the Company”), is pleased to announce that the Company has entered into a long term extension on

the previous access and mineral rights agreement (the "Mineral Agreement") for the area at Silver Cliff

including the Kate Deposit (the “KSR”) located adjacent to the Town of Silver Clif f in the State of

Colorado. The final lease/option agreements entered into with the underlying holders of the mineral rights

are consistent with the previously announced terms and conditions and now provide for greater security and

certainty of Viscount’s rights and interests.

After completing the 2016 Drill Program, Viscount has determined its access to historical data and other

information on the property, including extensive maps of the district showing claims, old mines, exploration

targets and prospects, locations of historic resource estimates, drill holes, township and infrastructure data

is proving to be invaluable. Target models in the available information include blanket-style mineralization

near surface as demonstrated by the 2016 drill program located in the Silver Cliff Pit A rea as well as

blanket-style at depth and high-grade vein deposits.

Strategically, the Company made the decision to continue its control of 100% of the initial area plus an

increase of 46.43 acres of additional land under long term control, for a total of 2,029 acres. In addition, the

Company has acquired partial interest in an aggregate pit lease known as the Silver Cliff Pit area (the

"Silver Cliff Pit Lease").

The Silver Cliff Pit Area extension agreement involves three components; access rights, land lease a nd

option agreement to purchase. Viscount was entered into a long term access agreement with the Land Owner

which is the Town of Silver Cliff. The lease agreement was utilized due to the Town’s prohibition of being

allowed to sell its land. The New Agreement does not contain provisions for mandated exploration

expenditures but requires Viscount to make certain claim rental fees on behalf of the Parties. In addition,

as operator during the option period, Viscount will be required to file all regulatory exploration reports and

keep the Property in good standing.

Kaare Foy, Chairman of Viscount commented “The Company is very excited that we have entered into an

additional agreement with the Mineral and Land Owners and for the Silver Cliff Pit as we intend to confirm

and build on the previously announced historical reserves.”

The table below displays summary data for Visco unt’s 2016 “K” series of 2.5 -inch diameter holes (HQ

core) along with available data for the historic holes which were twinned. Although rock units dip or slope

at 2° to 5° toward the east -southeast as noted under the heading "Silver Cliff Geology", the pr esent

interpretation is that silver-bearing mineralization and silica have replaced portions of a porous limestone

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reef unit. Such replacement is typically uneven rather than uniformly tabular. Because of this true widths

are not estimated.

2016 DDH Results Compared With Holes Twinned

Hole # From (ft.) To (ft.) Dip (°) Length (ft.) oz/t g/t Easting (m) Northing (m)

73-2-CC 54 98 -60 44 67.70 2105.7 460455 4221740

88-1 65 95 -60 30 16.30 507.0

K16-01 55 105 -60 50 26.92 837.4 460455 4221739

including 60 92 32 40.87 1271.1

including 60 80 20 57.18 1778.5

89-27 80 140 -90 60 7.00 217.7 460605 4221831

K16-03 57 112 -90 55 4.55 141.5 460604 4221829

including 82 112 30 7.49 233.0

89-26 50 120 -90 70 5.90 183.5 460575 4221830

K16-04 51 121 -90 70 5.74 178.5 460578 4221827

including 61 121 60 6.54 203.4

including 76 121 45 8.06 250.7

89-53 70 115 -60 45 8.30 258.2 460420 4221650

K16-05 65 110 -60 45 12.57 390.9 460420 4221654

88-2 90 120 -60 30 7.90 245.7 460483 4221830

K16-06 65 130 -60 65 1.05 32.8 460484 4221744

including 100 120 20 1.72 53.6

88-59 75 115 -60 40 4.20 130.6 460451 4221650

K16-07 47 152 -60 105 2.56 79.7 460452 4221650

including 72 137 65 3.94 122.6

including 77 137 60 4.21 131.1

including 92 117 25 8.13 252.8

88-36 115 170 -60 55 4.32 134.4 460513 4221711

K16-08 105 173 -60 68 7.35 228.6 460512 4221710

including 115 173 58 8.55 265.9

88-40 110 135 -60 25 2.99 93.0 460543 4221801

K16-09 85 135 -60 50 4.39 136.5 460542 4221799

including 110 135 25 7.11 221.0

Quality Assurance/Quality Control ("QA/QC") Measures, Chain of Custody

The Company has implemented a QA/QC program using best industry practices at the Silver Cliff Property.

Drill core samples are sawn in half lengthwise and one half transported in securely-sealed bags to the ALS

Canada Ltd. laboratory in Reno, Nevada and Va ncouver, BC, for analysis. Prior to transport, individual

samples are labeled, placed in plastic sample bags and sealed. Groups of samples are then placed into

durable rice bags that are then shipped. The sample pulps and rejects will be retrieved from ALS . All

samples were analyzed for Ag and 50 other elements by ALS method "Ultra Trace Aqua Regia ICP -MS"

with code ME-MS41. In the case of Ag determined by this method to be in excess of 100 ppm, a further

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analysis for Ag was done utilizing method "Ore Grade Aqua Regia ICP-AES" with ALS code Ag-OG46.

For the three 5-ft interval samples from K16-01 containing more than 1,500 ppm Ag, the ALS method "Ag

30g FA - GRAV finish WST-SIM" with code Ag- GRA21 was utilized.

About the Silver Cliff Property

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

consists of 96 lode claims where high grade silver, gold and base metal production came from numerous

mines during the period 1878 to the early 1900s. It is located 44 miles WSW of Pueblo, Colorado, and has

year-around access by paved road. The property underwent substantial exploration between 1967 and 1984.

The major explorers were Freeport, Hecla, Homestake, Moly Corp, Coca Mines and Tenneco Minerals.

The property is interpreted to encompass a portion of a large caldera and highly altered sequence 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 operations.

Drilling in the 1980s by Tenneco resulted in a historical pre-feasibility study which formed the company's

decision to put the property into production. Plans were halted due to the restructuring of Tenneco after it

was sold.

Qualified Persons

The scientific and technical information contained in this news release has been reviewed by Dallas W.

Davis, P. Eng., FEC., an independent consulting geologist who is a "Qualified Person" as such term is

defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43- 101").

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 Cherry Creek in Nevada and Silver Cliff in Colorado.

The Cherry Creek Property is focused on exploration in the immediate vicinity of 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 c omprised of more than 9,000 acres. Cherry Creek includes more than 20 past producing

mines including Blue Bird, Chance Mine, Filmore, Last Chance, Exchequer/ New Century Mine, Ticup and

Motherlode mines.

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

Mountain Valley, Custer County, south-central Colorado. The property consists of 2,029 acres where high

grade silver, gold and base metal production came from numerous mines during the period 1878 to the early

1900’s. Subsequently, there was little activity until the late 1960s to early 1990s when t he property

underwent periods of exploration and evaluation, including at least one prefeasibility study . The major

explorers were Freeport, Hecla, Homestake, M oly Corp, Coca Mines and Tenneco Minerals. In January

2017, Viscount Mining reported additional high grade silver intersections from the drill program completed

in December 2016.

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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 or conditions "will", "wo uld",

"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 forw ard-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 management's beliefs, est imates or

opinions, or other factors, should change.

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