Viscount Mining Releases Results of Exploration Program at the Cherry Creek Silver-Gold Project, Nevada

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PRESS RELEASE March 29, 2017

Viscount Mining Releases Results of Exploration Program at

the Cherry Creek Silver-Gold Project, Nevada

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

“the Company” ), reports that in 2016 Summit Mining Exploration Inc. (Summit) continued an ongoing

mineral exploration and evaluation program in the Cherry Creek mining district of northern White Pine

County, Nevada as part of their earn -in agreement with Vi scount. Rather than explore the previously

producing areas of the Cherry Creek property which encompasses just about all of the historical silver, silver

gold-base metal and tungsten mines located in the Cherry Creek Mining District, Summit elected to focus

their 2016 exploration program on a reverse‐circulation drilling program in the Flint Canyon area which they

discovered in 2014‐15 to have anomalous gold in soil and rock chips. The area has no historic mines and had

only minimal modern exploration prior to Viscount and Summit.

Summit’s initially proposed 2016 program was expanded to include: (1) drilling 32 reverse -circulation (RC)

holes in the Flint Canyon target area; (2) geologic mapping at a scale of 1:2500 in the area south and west of

the Flint Canyon target and in the north end of Silver Canyon, several kilometers to the east; (3) collection of

412 rock ‐chip samples for geochemical analysis ; and, (4) collection of 1868 soil samples for geochemical

analysis in a grid that covers the Flint Canyon target area with extensions in all directions.

The 32 RC holes at Flint Canyon combined for 5 ,369 total meters (17,615 feet). The y were drilled with

variable azimuths and inclinations from eleven distinct pads to depths ranging from 86.9 to 304.9 meters.

Formations encountered in the drill holes includ ed Marjum limestone, Dunderberg Shale, Notch Peak

Formation, Pogonip Formation, and undifferentiated dolomite (OSD). In general, the strongest gold

concentrations occurred in near surface silicified zones in the Marjum limestone. Gold intercepts occurred in

local silicified zones along the Dunderberg/Marjum contact, in collapse breccias and silicified strata in the

Pogonip Formation, and silicified breccia in undifferentiated dolomite. Twenty ‐one of the 32 holes included

at least one sample interval with 0.100 g/t Au and two holes returned samples with greater than 1.00 g/t Au,

with a maximum of 4.03 g/t gold in a single sample of a strongly oxidized, decomposed felsic dike in Hole

CC021. The best multi ‐sample intercept was by hole CC021 with 0 to 18.3 meters averaging 0.438 g/t Au,

including the 4.03 g/t altered dike. Five of the holes had intercepts of at least 10 meters with average gold

concentrations of 0.100 g/t or greater. Mineralized zones with elevated levels of gold display few asso ciated

geochemical anomalies, although weakly enhanced concentrations of arsenic (<200 ppm) and barium (<300

ppm) occur locally.

According to Summit’s report “the results of the 2016 drilling program could be interpreted to indicate that

Flint Canyon is on the distal edge of a large disseminated gold system.”

None of the 32 holes were surveyed. Drill data density is insufficient to estimate true thickness of the

mineralized intervals reported above.

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Mapping south of Flint Canyon drill area identified a frontier ‐level gold exploration target in Lead Mine

Canyon. The target lies in a 250 ‐ x 75‐meter exposure of Marjum siltstone. Pods of jasperoid and coarse

calcite occur along the limestone/siltstone contact and in minor faults that cut the contact. Four samples of

jasperoid from those silicified zones contained gold values between 0.283 and 1.085 g/t. Soil samples from

the siltstone commonly contained elevated gold values between 0.02 and 0.1 g/t, with one sample containing

0.5 g/t.

In Silver Canyon, jasperoid outcrops along the contact between Dunderberg Shale and Marjum limestone are

locally enriched in silver, 200‐500 g/t, and commonly display low anomalous gold.

Summit has elected to exit the agreement and has given Viscount all the exploration data and information.

Viscount now has complete control of the Cherry Creek property.

Summit considers that there is still potential to find Kinsley Mine and Long Canyon type gold deposits on

the property as outlined in this quote from their 2016 Exploration Report on Cherry Creek:

“In addition to the Flint Canyon area displaying the potential for a Kinsley Mine analogu e, anomalous gold

in soil and rock ‐chip samples from the Pogonip Formation indicate that there could be a disseminated gold

deposit at depth that is analogous to Newmont Mining Corporation’s Long Canyon Mine currently in

production. At Long Canyon, disseminated gold mineralization occurs in a lenticular and laminated

limestones as well as collapse breccias in the lower Pogonip Formation and in laminated limestone and

siltstone at the base of the Notch Peak Formation near the contact with the Dunderberg Shale.”

In addition to follow up work required on untested gold in soil and rock chip samples at Flint Canyon and

two targets previously described herein; several other targets exist on the property that warrant drill testing.

These targets will be summarized in a separate news release.

In the meantime Viscount is speaking with interested parties about the Cherry Creek property.

All of the results given in this news release were taken directly from the Rangefront Geological drill report

prepared for Summit Mining Exploration Inc . All of the assaying was done by an ISO c ertified analytical

company. Rangefront Geological and Summit geologists do all their work using the best industrial practices.

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

The Company has implemented a rigorous QA/QC program using best industry practices at the Cherry Creek

Property. Drill core samples are transported in security -sealed bags for analyses at ALS Labs Limited, of

Elko, Nevada. Individual samples are labeled, p laced in plastic sample bags and sealed. Groups of samples

are then placed into durable rice bags that are then shipped. A small ‘B split’ of each sample of drill cutting

interval was collected at the rig and archived in secure storage. The sample pulps and rejects will be retrieved

from ALS. The insertion of standards, blanks and duplicates as well as logging was conducted by Rangefront

Geological and Summit personnel at the property site.

Qualified Persons

The exploration and drill programs were managed by David Tretbar, Summit Exploration’s Executive Vice

President, Exploration and Mineral Resources, a Qualified Person as defined by NI 43 -101. Mr. Tretbar is a

registered Professional Geologist in Arizona (# 48036) and a Certified Professional Geologist (CPG # 11086)

with the American Institute of Professional Geologists.

The scientific and technical information contained in this news release has bee n 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").

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

Viscount Mining is 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. Cherry Creek is comprised of

more than 9,000 acres, all 100% owned, and includes more than 20 past producing mines.

Silver Cliff in Colorado is comprised of 96 lode claims, covering much of the historical past -producing

mineral districts of Silver Cliff and Rosita Hills.

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: 604-960-0535

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 m ay

differ materially from those in forward looking statements. Forward looking statements are bas ed 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 manage ment's beliefs, estimates or

opinions, or other factors, should change.

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