Mr. Mark Fedosiewich reports

VIOR COMPLETES THE SECOND CLOSING OF ITS OVERALL FINANCING FOR A TOTAL OF $1,133,940

Vior Inc. has closed the second tranche of its financing previously announced on July 22, 2022, through the issuance of 3,915,000 units at a price of 13 cents per unit for gross proceeds of $508,950. The total gross proceeds to Vior from the offering is $1,133,940.

Each unit comprises 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 warrant holder.

In this second closing, the corporation issued 2,365,000 units for gross proceeds of $307,450 to two Quebec-based institutional funds, Capital regional et cooperatif Desjardins managed by Desjardins Capital and Societe de Developpement de la Baie-James (SDBJ).

Mark Fedosiewich, president and chief executive officer, stated, "We are extremely pleased to have these two Quebec-based Institutional funds participate in this second closing of the 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 offering are subject to a four-month-and-one-day hold period expiring on Nov. 30, 2022, pursuant to National Instrument 45-102 -- Resale Restrictions and Regulation 45-102 -- Resale of Securities and the certificates or DRS advices representing such securities will bear a legend to that effect.

The insiders' participation for $21,450 is exempt from the formal valuation and minority shareholder approval requirements provided under Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions in accordance with sections 5.5(a) and 5.7(1)(a) of Regulation 61-101. The exemption is based on the fact that neither the fair market value of the private placement, nor the consideration paid by such insiders exceeds 25 per cent of the market capitalization of Vior. Vior did not file a material change report 21 days prior to the closing as the details of the participation of insiders of Vior had not been confirmed at that time.

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-V.

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.