Viridian Metals intersects Cu, Ni sulphides at Kraken

Mr. Tyrell Sutherland reports VIRIDIAN METALS INTERSECTS MASSIVE SULFIDES IN FIRST HOLES AT KRAKEN Drilling is advancing at Viridian Metals Inc.'s 100-per-cent-owned Kraken copper-nickel-cobalt project in Labrador, where early work has intersected extensive near-surface sulphide mineralization. Eight of the 14 holes drilled to date have intersected copper and nickel sulphides over widths of up to 20 metres, with four holes cutting more than 10 metres of semi-massive to massive pyrrhotite containing disseminated and veined chalcopyrite. Four holes ended in significant mineralization at approximately 25 metres depth. Intervals contain significant chalcopyrite, pointing to copper-enriched zones within the system. Viridian is on track to complete up to 35 drill holes in the current program, testing mineralization within 30 metres of surface along roughly 400 metres of strike length at the Kraken main zone. Drilling is designed both to confirm continuity of shallow mineralization and to vector toward copper-rich mineralization identified in the core. "Several of our earliest holes at Kraken are mineralized from the collar through to end-of-hole, underscoring the shallow nature of this system," said Tyrell Sutherland, president and chief executive officer. "Drilling will continue through to the end of October, and with approximately $2-million in the treasury, Viridian remains well capitalized to advance the project and to resume exploration and drilling programs next year." Drilling is being completed by Compass Exploration Group Ltd. using their low-impact mini-rig diamond drill rig. To date, drilling has effectively tested bedrock to 26 metres depth through overburden up to nine metres. Viridian is working with Compass to expand the depth capacity of the rig to test targets to 50 metres depth. In addition to minimizing surface disturbance, the mini-rig is more cost-effective on a per-hole basis than conventional drilling, allowing Viridian to evaluate a greater number of shallow targets, ideally suited to the near-surface style of mineralization at the main zone. Technical disclosure The first batch of drill core is scheduled for shipment to Activation Laboratories in Ancaster, Ont., at the end of September. Analytical results are expected before the end of October. As part of Viridian's quality assurance and quality control (QA/QC) protocols, certified reference standards, blanks and duplicates are being inserted into the sample stream at regular intervals to ensure accuracy and precision of results. Reported mineralized intervals are based on downhole lengths; true widths are not yet determined. Assays will be released as they are received and validated. Qualified person Tyrell Sutherland, PGeo, president and chief executive officer of Viridian Metals, who is a qualified person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects, has reviewed and approved the technical disclosure contained in this news release. About Viridian Metals Inc. Viridian Metals is a leader in generative metal exploration with a focus on environmental responsibility and ethical practices. Founded to discover new critical metals deposits capable of transforming supply chains, the company leverages innovative technologies and methods to enhance efficiency and sustainability in jurisdictions leading the energy transition. Viridian maintains expertise in a range of critical metals with a primary focus on copper, nickel and cobalt. Viridian's commitment to environmental responsibility and ethical practices ensure that its projects contribute meaningfully to the green transition, creating sustainable value for all stakeholders. We seek Safe Harbor.