OTC Markets Group Welcomes Viscount Mining Corp to OTCQX

• Viscount Mining Corp has successfully upgraded from the OTCQB Venture Market to the OTCQX Best Market effective April 28, 2026.
• Trading symbol changed to VLMGF on the OTC Markets Group.
• The upgrade coincides with significant drilling progress at the Silver Cliff Project in Colorado.
• Key project highlights include a continuous 843.9-metre intersection of Gold-Copper mineralization at the Passiflora target and a NI 43-101 compliant near-surface silver resource at the Kate Deposit (24 Moz Ag).
• The Cherry Creek Project in Nevada remains active with plans for drilling carbonate-replacement and porphyry targets.
• The company confirms it is fully funded following an oversubscribed $5.6 million financing closed in March 2026.

• Liquidity and Visibility: The OTCQX upgrade is a structural improvement that allows access to institutional investors restricted from lower-tier markets, potentially improving liquidity and reducing the discount on valuation.
• Compliance Validation: Qualification for OTCQX requires meeting higher financial reporting standards, validating the company's recent financing disclosures and corporate governance.
• Market Sentiment Disconnect: Despite positive operational news (financing, drilling, upgrade), the stock price has declined approximately 60% from its July 2025 peak ($1.21) to current levels ($0.43). This suggests the market is pricing in dilution risks or skepticism regarding near-term revenue generation rather than reacting positively to the compliance milestone.
• Incremental Nature: The upgrade follows a planned financing and drilling program announced in March 2026; it confirms execution of previous plans rather than introducing new geological value, fitting the "Routine" classification.

• Company: Viscount Mining Corp (TSX-V: VML; OTCQX: VLMGF).
• Strategy: District-scale exploration in historic mining districts with excellent infrastructure (Colorado, Nevada).
• Flagship Project: Silver Cliff Project (Colorado), comprising the Kate Deposit and Passiflora Target.
  • Kate Deposit: Near-surface epithermal silver system; NI 43-101 resource of ~24 Moz Ag.
  • Passiflora Target: Gold-Copper porphyry system; Hole PF-03A intersected 843.9m continuous mineralization averaging 0.214% CuEq.
• Secondary Project: Cherry Creek (Nevada), targeting carbonate-replacement deposits and tungsten zones.