Vior Gold Corporation Provides Exploration Update on the Kinebik Project and Announces Property Acquisitions

Vior Gold Corporation Inc. (VIO) has announced an exploration update for the second half of 2026, confirming the initiation of a drilling program on the Kinebik project in early July, pending wood-cutting permits. The company also finalized the acquisition of exclusive exploration rights on the Ligneris and Kinebik properties through option agreements and purchase agreements, involving cash payments, share issuances, and NSR royalties. Additionally, an option agreement with Les Mines J.A.G. Ltd. was amended to extend the final payment deadline to June 30, 2027, with quarterly cash payments of $25,000.

The first drill rig mobilization is expected during the first week of July, with a second rig arriving during the third week of July. The total planned drilling is 15,000 meters. The primary target is the Cameron Main area, located southeast of the Cartwright showing, focusing on quartz veins in sheared, altered basalts. A secondary target is the Florence area, which will test historical high-grade intervals.

Historical drill results from the Kinebik project include the following intercepts:

• Cameron Main (Drillhole O3KN-24-011): 5.07 g/t Au over 2.8 meters and 2.44 g/t Au over 5.6 meters.
• Florence Area: 6.56 g/t Au over 5.0 meters (including 30.0 g/t Au over 1.0 meter) and 2.26 g/t Au over 3.8 meters (including 7.25 g/t Au over 1.0 meter).

Geophysical surveys are also underway. The Kinebik VTEM survey was completed between February 7 and May 9, 2026, covering 4,047 line-kilometers at 100m spacing. The Kinebik High-Definition Magnetic Survey is in progress, with expected completion in the first week of July, covering 14,546 line-kilometers at 50m spacing. The Ligneris/Peacock High-Definition Survey covers 4,628 line-kilometers at 50m spacing, while the Launay Drone Magnetic Survey is approximately 96% complete, covering roughly 5,400 line-kilometers at 35m spacing.

Regarding property acquisitions, Vior Gold acquired the Ligneris EER via an option agreement signed on December 15, 2025. The consideration for this acquisition includes $20,000 in cash, 373,833 common shares (subject to TSXV approval), and a 1.0% NSR royalty, of which 0.5% is repurchasable for $750,000.

Exclusive rights to the Kinebik property were acquired via a purchase agreement with Val-d’Or Mining Corporation on June 18, 2026. The consideration for this agreement includes a $2,500 advance royalty, 250,000 common shares (subject to TSXV approval), a 2.0% NSR royalty (with 1.0% repurchasable for $2,000,000), and yearly $2,500 advance royalties. All share issuances are subject to a 4-month and 1-day regulatory hold.

Under the amended option agreement with Les Mines J.A.G. Ltd., effective July 1, 2026, the final payment of $2,000,000 is extended to June 30, 2027. Vior Gold will pay $25,000 per quarter until June 30, 2027, which will be deductible from the final payment.

Mathieu Savard, President and CEO, stated: “We are thrilled about the upcoming drilling program on Kinebik, a district scale project that straddles over 55 kilometers of the scarcely explored Cameron Break. This first phase of drilling will include 15,000 meters of drilling that will focus on the Cameron Main and Florence targets. We are confident that our systematical and aggressive drilling approach can rapidly return results on the poorly explored Cameron fault.”