Vior Gold to acquire three properties in Quebec

Executive Summary

• Vior Gold Corp. has entered into an asset purchase agreement to acquire a 100% interest in the Kinebik, Peacock, and Launay gold properties from Agnico Eagle Mines Ltd.
• The transaction consideration includes the issuance of approximately 45.67 million common shares (valued at ~$5.8M based on 20-day VWAP), a $750,000 cash payment, and a 2% Net Smelter Return (NSR) royalty.
• The acquisition adds over 86,000 hectares of exploration rights, significantly expanding Vior's footprint in the Abitibi greenstone belt, with immediate plans for a 20,000-meter drill program at Kinebik.
• Agnico Eagle becomes a strategic shareholder, receiving board representation rights contingent on maintaining a 5% ownership stake.

Key Details

• Transaction Structure:
  • Assets Acquired: 100% interest in Kinebik, Peacock, and Launay properties in the Abitibi greenstone belt, Quebec.
  • Total Surface Area: 1,613 Exploration and Evaluation Rights (EERs) covering >86,373 hectares.
  • Equity Consideration: 45,665,965 common shares issued to Agnico Eagle, representing ~9.9% of Vior’s issued and outstanding shares.
  • Valuation Basis: Shares valued at approximately $5,799,578 based on the 20-day VWAP prior to signing.
  • Cash Consideration: $750,000 paid to Agnico Eagle.
  • Royalty Terms:
    • 2% NSR royalty on all exclusive exploration rights (EERs) free of existing royalties.
    • On EERs with pre-existing royalties, a 2.0% NSR royalty is granted, subject to a 1.0% buyback right for $2 million (exercisable at Vior’s discretion).
  • Investor Rights Agreement (IRA): Grants Agnico Eagle rights to participate in future equity financings and the right to designate one board nominee, provided Agnico Eagle maintains at least 5% ownership.
• Closing Conditions: Expected in Q1 2027, subject to customary conditions including TSX Venture Exchange approval.
• Project Highlights & Historical Data:
  • Kinebik Project (934 EERs):
    • Straddles the Cameron shear over 55 km; interpreted as the eastern extension of the Casa Berardi Break.
    • Drilling Plan: Fully permitted 20,000-meter drill program to begin in Q2 2026 targeting Florence, Cameron Main, and Desjardins.
    • Historical Intercepts (O3 Mining/SIGEOM):
      • Cameron Main (Hole O3KN-24-011): 5.1 g/t Au over 2.8 m.
      • Florence Showing: 5.5 g/t Au over 6.0 m (including 30.0 g/t Au over 1.0 m).
      • Desjardins Showing (Zone 52): 7.43 g/t Au over 4.08 m.
  • Peacock Project (456 EERs):
    • 22,600 hectares adjacent to Vior’s Ligneris project.
    • Covers potential southern extension of Joutel camp stratigraphy and western extension of volcanic package hosting Sleeping Giant mine.
    • Potential for gold-rich VMS and quartz veins; untested VTEM and gravimetric anomalies identified.
  • Launay Project (226 EERs):
    • 12,602 hectares near Taschereau, Quebec.
    • No historical mining or production.
    • Historical Intercepts:
      • Zone 75: 4.18 g/t Au over 27.8 m (including 6.92 g/t Au over 12.8 m and 4.04 g/t Au over 15.5 m including 5.10 g/t Au over 11.5 m).
      • Zone Principale: 5.10 g/t Au over 9.42 m.
• Corporate Governance:
  • Board approved change of financial year-end from June 30 to December 31 to align with operational cycles.
  • Technical content reviewed by Pascal Simard, VP Exploration, a Qualified Person under NI 43-101.

Notable Quotes

• Mathieu Savard, President and CEO: "We are thrilled about this transaction allowing us to consolidate the Ligneris district and getting a footprint on the Cameron Break with the Kinebik district-scale acquisition... Kinebik is already permitted for drilling and the corporation will initiate a fully funded 20,000-metres drill program targeting existing gold mineralization such as Florence, Cameron Main and Desjardins in the second quarter."