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Vior Inc (2)
Symbol VIO
Shares Issued 250,841,116
Close 2024-12-12 C$ 0.195
Market Cap C$ 48,914,018
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Vior appoints Savard as CEO; Fedosiewich becomes chair

2024-12-12 17:26 ET - News Release

Mr. Mark Fedosiewich reports

VIOR ANNOUNCES NEW LEADERSHIP TO DRIVE ITS AMBITIOUS GROWTH PLANS

Vior Inc. has made several significant changes to its leadership team as the corporation looks to execute on its ambitious growth plans.

Mathieu Savard, former president of Osisko Mining Inc., will join Vior as its new president and chief executive officer, effective Jan. 15, 2025, and has been appointed to the board of directors, effective immediately. Pascal Simard, former vice-president, exploration, of Osisko Mining, has been appointed as vice-president, exploration, for Vior, effective Jan. 15, 2025. Other immediate changes to Vior's board of directors include the appointments of Don Njegovan, president of Osisko Metals and former chief operating officer of Osisko Mining, and Andre Le Bel, vice-president, legal affairs, and corporate secretary, of Osisko Gold Royalties Ltd.

Mark Fedosiewich, president and CEO of Vior since 2017, and board member, will assume the role of chairman of the board, effective immediately, following the retirement of Vior's founder, Claude St-Jacques. Additionally, Eric Desaulniers and Pascal Simard will step down from the board, effective immediately. Mr. St-Jacques and Mr. Desaulniers will assume roles as strategic advisers to the corporation.

Mr. Fedosiewic, stated: "We are very excited to welcome this exceptional group of top-calibre mining executives to Vior's executive team and board, along with the recent addition of Marian Moroney, former vice-president, exploration, Asia Pacific, with Barrick Gold Corp. This proven team has extensive industry experience, a strong track record of exploration success, project development and creating shareholder value. Individually, each will bring special expertise, and, collectively, they will make significant contributions to Vior that will aim to benefit all stakeholders, as the corporation executes on its ambitious growth plans. On behalf of the board and employees of the corporation, I wish to thank Claude St-Jacques and Eric Desaulniers for their dedication and many contributions to the Vior board over the years. We wish them well in their future endeavours. While we also thank Pascal Simard for his tenure on the board, we are excited with his decision to join our executive team, as we set out to achieve our corporate objectives."

Mr. Savard commented: "I am very excited to join Vior's team alongside my former colleagues from Osisko Mining as we begin this new journey. Our team has a significant track record of value creation through several discoveries and the development of two world-class gold deposits in Quebec -- first with Eleonore and more recently with Windfall. We are eager to generate significant value for shareholders and stakeholders. We are convinced that Belleterre has the potential to become the next great mining story in Canada as it shares several similarities with the early Windfall district project. It has been overlooked for years and exhibits high-grade gold mineralization at a district scale. We will be focusing our effort on advancing Belleterre to create momentum as we accelerate the growth plan of the corporation. I want to thank Mark, Claude and the board of directors for this opportunity to lead Vior."

Key leadership team additions

Mathieu Savard -- president, chief executive officer and board member

Mr. Savard served as president of Osisko Mining until its acquisition by Gold Fields Ltd. in October, 2024, and prior to that, served as senior vice-president, exploration, at Osisko Mining. Before joining Osisko Mining in 2016, Mr. Savard was a senior member of the Osisko James Bay Exploration, Virginia Mines Inc. and Virginia Gold Mines Inc. teams. Mr. Savard was a key member of the Virginia Gold Mines Inc. team that won the prestigious 2006 Prospectors & Developers Association of Canada Bill Dennis award for the discovery of the Eleonore gold deposit. Under his leadership and together with Osisko Mining's management and exploration teams, he was again part of the team that won the 2024 PDAC Bill Dennis award for the discovery of the Lynx zone at Windfall. Mr. Savard is a professional geologist and member of the Ordre des Geologues du Quebec, and served as a director of the Quebec Mineral Exploration Association for 15 years, where he chaired the board of directors from 2019 to 2022. He has more than 25 years of experience in mineral exploration and holds a bachelor's degree in earth sciences from Universite du Quebec a Montreal. He is also a director of Brunswick Exploration Inc. since December, 2017.

Pascal Simard -- vice-president, exploration

Mr. Simard previously served as vice-president, exploration, of Osisko Mining until its acquisition by Gold Fields in October, 2024, and prior to that, served as exploration manager for eight years. Before joining Osisko Mining, he worked with Virginia Mines and Cambior Inc. on projects in the Abitibi, James Bay and Northern Quebec. Mr. Simard, along with Osisko Mining's management and exploration teams, was part of the team that won the prestigious 2024 PDAC Bill Dennis award for the discovery of the Lynx zone at Windfall. Mr. Simard is a professional engineer with over 17 years of experience in Canadian mining exploration projects and graduated from Universite du Quebec a Chicoutimi with a bachelor's degree in geological engineering, and is a member of the Ordre des Ingenieurs du Quebec. He currently serves on the board of the Quebec Mineral Exploration Association and was a director of Vior until December, 2024.

Donald Njegovan -- board member

Mr. Njegovan is the current president of Osisko Metals since December, 2024, and has served as a director of Cornish Metals Inc. since October, 2018. Formerly, he was chief operating officer at Osisko Mining until its acquisition by Gold Fields in October, 2024. Prior to that, he was a director of St. Andrew Goldfields Ltd. until it was acquired by Kirkland Lake Gold Ltd. (now Agnico Eagle Mines Ltd.) in 2016. He was a managing director of investment banking at Scotiabank Global Mining and Markets from August, 2010, to June, 2014. Prior to that, he was an investment banker at Toll Cross Securities Inc. from June, 2005, to July, 2010. Mr. Njegovan has over 25 years of experience in the mining industry, beginning his career in 1989, working underground for Hudson Bay Mining & Smelting Co. Ltd. (now Hudbay Minerals Inc.). Mr. Njegovan holds a bachelor of science in mining engineering from Michigan Technological University and a bachelor of arts from the University of Manitoba.

Andre Le Bel -- board member

Mr. Le Bel is vice-president, legal affairs, and corporate secretary of Osisko Gold Royalties since February, 2015. Mr. Le Bel is also a director and a member of the audit committee of Brunswick Exploration, a Montreal-based mineral exploration company listed on the TSX Venture Exchange. From November, 2007, to June, 2014, Mr. Le Bel was vice-president, legal affairs, and corporate secretary, of Osisko Mining. He held similar positions with Niogold Mining Corp. from March, 2015, to March, 2016. From November, 2015, to June, 2022, he was corporate secretary of Falco Resources Ltd. and then vice-president, legal affairs, and corporate secretary. He was also corporate secretary of Osisko Development Corp. from February, 2021, to June, 2022. Prior to that, Mr. Le Bel was vice-president, legal affairs, with Iamgold Corp. from November, 2006, to October, 2007, and before November, 2006, Mr. Le Bel was senior legal counsel and assistant corporate secretary of Cambior. He was also a director of Redquest Capital Corp. until June, 2017. Mr. Le Bel obtained a bachelor of applied science from Universite Laval and a bachelor of law from Sherbrooke University. He is a member of the Quebec bar and obtained the ICD.D designation from the Institute of Corporate Directors in December, 2017.

About Vior Inc.

Vior is a junior mineral exploration corporation based in the province of Quebec, Canada, whose corporate strategy is to generate, explore and develop high-quality mineral projects in the proven and favourable mining jurisdiction of Quebec. Through the years, Vior's management and technical teams have demonstrated their ability to discover several gold deposits and many high-quality mineral projects.

Vior is rapidly advancing its flagship Belleterre gold project with the strategic support of Osisko Mining (now Windfall Mining Group Inc.). The Belleterre gold project is a promising district-scale project that includes Quebec's past-producing high-grade Belleterre gold mine. Vior has conducted extensive surface and compilation exploration at Belleterre, and is currently executing on a 60,000-plus-metre drill program. Vior is also actively developing its promising Skyfall project in partnership with Soquem Inc., and has several other projects with multimineral potential.

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