VIOR INC announced the execution of a definitive asset purchase agreement for its acquisition of two mining concessions that constitute the majority of the former Belleterre mine that produced more than 750,000oz @ 10.73g/t gold and 95,000oz @ 1.37g/t silver between 1936 and 1959 (source: Sigeom MERN). The Concessions are at the heart of Vior's district-scale Belleterre Gold Project, located in the Abitibi-Temiskaming region of Quebec. The Corporation and Concession owners had originally executed an Option Agreement (the "Option Agreement") pursuant to which, Vior had an exclusive option to purchase the Concessions and a series of mining claims for a total consideration of $2.1 million, of which $250,000 cash has already been paid.

Under the Option Agreement, the Corporation previously completed the acquisition of the mining claims that now form part of Vior's district- scale Belleterre Gold Project. Under the Acquisition Agreement, Vior will pay the Concession owners a cash payment of $1 million as consideration for the transfer of the vendor's 100% interest in the Concessions. The closing of the Acquisition is expected to occur on or about May 14, 2024.