Mr. Mark Fedosiewich reports

VIOR CLOSES $624,990 FIRST TRANCHE OF A PRIVATE PLACEMENT

Vior Inc. has closed a first tranche of a private placement of units of the corporation for gross proceeds of $624,990. The offering is composed of the issuance of 4,807,614 units at a price of 13 cents per unit, with each unit being composed of one common share in the capital of Vior and one-half of one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at an exercise price of 21 cents per common share for a period of 30 months from the closing date. The warrants shall be subject to an accelerated expiry date clause whereby, at any time following the expiry of the four-month-and-one-day hold period, should the trading price of the common shares on the TSX Venture Exchange be equal to or exceed 35 cents for 10 consecutive trading days, as evidenced by the price at the close of the market, then Vior shall be entitled to notify the holder of its intention to force the exercise of the warrants within a period of 30 days following the receipt of such notice by the warrantholder.

As a part of the offering, Osisko Mining Inc. exercised its equity participation right pursuant to an investor rights agreement entered into by Vior and Osisko on March 17, 2021, and subscribed for 1,923,000 units for gross proceeds of $249,990. Immediately following this closing, Osisko will own approximately 7.80 per cent of the issued and outstanding common shares of Vior and 11.26 per cent on a partially diluted basis, presuming the exercise of all warrants held by Osisko.

Also, the corporation issued 2,884,614 units for gross proceeds of $375,000 to two Quebec-based institutional funds, Fonds de solidarite FTQ and SIDEX Limited Partnership.

Mark Fedosiewich, president and chief executive officer, stated, "We are extremely pleased to have Osisko and these two Quebec-based institutional funds participate in this offering and increase their ownership position in our corporation, and we thank them for their ongoing support."

Vior intends to use the net proceeds from this offering to finance exploration work in Quebec, as well as for working capital and general corporate purposes.

The units and the warrants issued in connection with the offering are subject to a four-month-and-one-day hold period expiring on Nov. 23, 2022, pursuant to National Instrument 45-102 (Resale Restrictions) and Regulation 45-102 (Resale of Securities), and the certificates or DRS (direct registration system) advices representing such securities will bear a legend to that effect.

The offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the acceptance by the TSX Venture Exchange. Vior also announces that it intends on closing a second tranche of the offering in the near future.

About Vior Inc.

Vior is a hybrid junior mining exploration company based in Quebec, whose corporate strategy is to generate, explore and develop high-quality projects in proven and favourable mining jurisdictions in North America. Through the years, Vior's management and technical teams have demonstrated their ability to discover several gold deposits and many high-quality mineral prospects.

We seek Safe Harbor.