Viscount to begin drilling at Kate deposit shortly

Executive Summary

• Viscount Mining Corp. has launched a fully funded 2026 exploration program across its Colorado and Nevada assets, following a recent oversubscribed financing led by Centurion One Capital.
• The company will initiate a 10-hole drill program at the Kate Deposit in Colorado to expand its ~24 million ounce silver resource and define a revised NI 43-101 resource later this year.
• At the Passiflora target, Viscount plans a minimum of three deep drill holes to test a significant gold-copper porphyry system identified by geophysical anomalies and previous drilling (PF-03A).
• The company has engaged Delray Capital Markets for investor relations and market awareness services for a $100,000 fee, and clarified details regarding the issuance of corporate finance units to Centurion One Capital.

Key Details

• Kate Deposit (Colorado):
  • Current NI 43-101 resource: ~24 million ounces of silver (measured, indicated, and inferred).
  • Planned activity: 10-hole drill program to expand mineralized footprint and test deeper structural zones/feeder pathways.
  • Objective: Support a revised NI 43-101 resource estimate later in 2026.
• Passiflora Target (Colorado):
  • Context: Emerging gold-copper porphyry system.
  • Previous Data: Deep drill hole PF-03A intersected 843.9 meters of continuous gold-copper mineralization with porphyry-style alteration.
  • Geophysics: Titan MT survey by Quantec Geoscience identified a large anomaly extending to ~1,500 meters depth.
  • Geochemistry: 2025 Mobile Metal Ion (MMI) soil survey defined a copper-in-soil trend open to the west and north, with overlapping elevated gold-in-soil values.
  • Planned activity: Minimum 3 deep drill holes to test higher-priority portions of the MT anomaly and evaluate lateral extent/continuity.
• Cherry Creek Project (Nevada):
  • Planned activity: New drill program later in 2026.
  • Targets: Three carbonate replacement deposits, a molybdenum porphyry system, and a historic tungsten deposit.
• Financing Clarification (Centurion One Capital):
  • Total Financing: $5.3 million (completed March 10, 2026).
  • Additional Issuance: 331,812 units issued to Centurion One Capital Corp. to satisfy corporate finance fees.
  • Unit Composition: Each unit consists of one common share and one-half of one non-transferable common share purchase warrant.
  • Warrant Terms: Each whole warrant allows acquisition of one common share at $1.20 per share until March 9, 2029.
  • Other Costs: $424,720 paid in cash commissions and 530,900 non-transferable broker warrants issued.
• Corporate Development (Delray Capital Markets):
  • Engagement: Delray Capital Markets (controlled by Rodney Raanan) engaged for investor outreach and market awareness.
  • Fee: $100,000 USD cash consulting fee.
  • Term: 30 days, subject to TSX Venture Exchange approval.
  • Relationship: Arm's length; no direct interest in company securities.

Notable Quotes

• Jim MacKenzie, CEO: "The past year has advanced our understanding of the Silver Cliff district. The combination of a defined silver resource at Kate and emerging evidence of a deeper system at Passiflora provides a broader geological framework that we believe warrants further systematic evaluation."
• Jim MacKenzie, CEO: "The Passiflora discovery is particularly important because it provides the first evidence that a large gold-copper porphyry system may exist beneath the district... Our exploration and drill programs this year are designed to continue advancing that understanding."
• Jim MacKenzie, CEO: "In Colorado with drilling at the Kate deposit to start shortly and a revised NI 43-101 this year, drilling at the Passiflora, deeper tests of breccia pipe targets and additional geophysical work to evaluate the broader system, as well as advancing Cherry Creek in Nevada, we believe 2026 will be a pivotal year for the company."