Viscount Commences Drilling at the Kate Silver Deposit in Silver Cliff, Colorado

• Viscount Mining Corp has officially commenced its 2026 drilling program at the Kate Silver Deposit within the Silver Cliff Project, Colorado.
• The campaign consists of a 10-hole, 1,000-meter drill program designed to expand the existing NI 43-101 mineral resource and test high-priority targets.
• Primary objectives include testing deeper feeder pathways, step-out drilling at Kate North/South/Northeast, and infill drilling within the existing resource envelope.
• Results from this program are intended to support an updated NI 43-101 resource estimate targeted for completion later in 2026.
• The current resource comprises approximately 24 million ounces of silver (Measured, Indicated, and Inferred).
• Historical drilling highlights include 54 holes with 25 intervals >110 g/t Ag and 10 intervals >400 g/t Ag.

• Execution Confirmation: The news confirms the execution of the exploration program announced on March 31, 2026 ("Launches Fully Funded Major 2026 Exploration Program"). As this was previously disclosed, the commencement is an expected operational milestone rather than a new catalyst.
• Capital Deployment: Following the $5.6M financing closed in March 2026, this news validates that capital is being deployed as promised, reducing execution risk regarding the company's ability to fund its strategy.
• Resource Upside Potential: The engagement of SLR Consulting (announced April 7) and the drilling program aim to update the resource estimate using higher silver price assumptions ($40/oz vs previous $24/oz). This could materially increase contained ounces but results are not immediate; the impact is deferred until the updated NI 43-101 release later in 2026.
• Market Context: The stock has declined significantly from its July 2025 high ($1.21) to current levels ($0.49). While positive, this news does not immediately reverse the valuation compression caused by broader market sentiment or previous dilution events.

• Company: Viscount Mining Corp (TSX.V: VML).
• Flagship Project: Silver Cliff Project, Colorado (Hardscrabble District).
• Kate Deposit: 100%-owned silver epithermal system with ~24 Moz Ag NI 43-101 resource. Shallow depth allows for potential open-pit economics.
• Passiflora Target: Gold-Copper porphyry discovery intersecting 843.9m @ 0.214% CuEq in hole PF-03A. Interpreted as a large district-scale system with a ~665 million m³ conductive anomaly.
• Cherry Creek Project: Nevada exploration targeting carbonate replacement deposits and tungsten zones.