Vior Inc. Completes Acquisition Agreement for Former Belleterre Mine Concessions

Vior Inc. (TSXV:VIO)(OTCQB:VIORF)(FRA:VL51), based in Montreal, QC, announced on April 30, 2024, the signing of a definitive asset purchase agreement for the acquisition of two key mining concessions of the former Belleterre mine. These concessions have historically produced over 750,000 ounces of gold and 95,000 ounces of silver. This move is part of Vior's strategic development of its district-scale Belleterre Gold Project in Abitibi-Temiskaming, Quebec.

According to the details provided, Vior had an existing option agreement to acquire these concessions, with a total cost set at $2.1 million. Vior will finalize the acquisition by paying an additional $1 million. This strategic acquisition, expected to close by May 14, 2024, will give Vior full ownership of these concessions, enhancing the company's asset base and potential output.

Mark Fedosiewich, President and CEO of Vior, emphasized the acquisition's significance in aligning with the company’s growth objectives and its commitment to delivering shareholder value. The acquisition is part of a broader initiative including a 60,000m drill program planned to commence in early summer 2024, aiming to further explore and develop the site.