Viscount Mining Engages SLR to Re-Analyze Kate Deposit Resource Amid Strengthening Silver Market

Viscount Mining engaged SLR Consulting (Canada) Ltd. to redo the NI 43‑101 compliant mineral resource model for its flagship Kate Deposit (Silver Cliff Project, Colorado). The re‑evaluation will incorporate current silver price assumptions that are higher than the $24/oz used in the existing model. By lowering cut‑off grades, Viscount hopes to increase contained ounces and expand the economically viable portion of the deposit. Work will be performed under NI 43‑101 standards with Qualified Person Harald Hogenberg and is intended to support the 2026 drill program.

• Scope: The initiative is a technical update rather than a new discovery or financing event.
• Expectation vs. reality: Earlier releases (Dec 2025, Mar 2026) already signaled that higher silver prices could justify revisiting cut‑offs. This news confirms the company is acting on that premise, so the market likely anticipated it.
• Potential upside: If SLR’s modelling yields a materially larger resource, it could improve the valuation of Kate, especially given recent silver price strength (> $40/oz). However, the impact remains speculative until the updated NI 43‑101 report is released later in 2026.
• Risk: No guarantee that the re‑model will produce a significant uplift; lower cut‑offs could also dilute grades or increase mining costs.

Overall, the announcement is routine (expected follow‑up) and positive (adds potential upside without immediate dilution of equity).

Viscount Mining Corp. is a Canadian junior focused on exploration of silver‑rich epithermal systems (Kate Deposit) and copper‑gold porphyry targets (Passiflora) within the Silver Cliff Project in Colorado, with additional projects in Nevada (Cherry Creek). The Kate Deposit currently hosts an NI 43‑101 compliant resource of ~24 Moz Ag across measured, indicated and inferred categories.