Viscount Mining reports Friday's "irregular" trading

Executive Summary

• Viscount Mining Corp. issued a clarification regarding irregular trading activity observed in its shares during the final 30 minutes of trading on Friday, December 19, confirming no material changes to its business or assets.
• The company reaffirmed its operational outlook and exploration strategy at the Silver Cliff project, specifically detailing planned drill programs at the Kate and Passiflora targets.
• Management contacted the Canadian Investment Regulatory Organization (CIRO) to request a review of the trading activity to ensure market transparency.

Key Details

• Market Activity Clarification: Irregular trading activity was observed in the final 30 minutes of trading on Friday, Dec. 19. The company confirmed no material changes to business, assets, or planned operations.
• Regulatory Action: CEO contacted the Canadian Investment Regulatory Organization (CIRO) to formally request a comprehensive review of the trading activity.
• Kate Target (Silver Resource Growth):
  • Planned drill program aims to expand and upgrade the existing silver resource.
  • Activities include step-out drilling at Kate North and Kate Northeast to test extensions of known mineralization.
  • Drill testing of the Ben West structural corridor, identified as a key control on mineralization.
  • Infill drilling within the current resource envelope to support future technical studies and an updated NI 43-101 resource estimate.
• Passiflora Target (Copper-Gold Potential):
  • Exploration highlights a copper-gold system consistent with a deeper porphyry source.
  • Identified a well-defined copper-gold pathfinder geochemical corridor coincident with Quantec MT conductivity highs, mapped alteration, and mineralized intervals in deep drill hole PF-23-03A.
  • Planned first drill hole of 2026 to test breccia pipes and extend into the core of the Quantec MT anomaly.
  • The angled hole is expected to reach approximately 1,500 metres.
• Qualified Person: Harald Hoegberg PG, independent consulting geologist, reviewed and approved the scientific and technical information.

Notable Quotes

• "Viscount wishes to clarify recent market activity and reaffirm the company's operational outlook."
• "Viscount remains focused on disciplined exploration, systematic resource growth and the delivery of long-term shareholder value, while maintaining the highest standards of market disclosure and regulatory compliance."