Vior Inc.
TSX VENTURE : VIO
FRANKFURT : VL5

Vior Inc.

January 03, 2008 12:15 ET

Vior Completes Two Private Placements For $1,456,000

QUEBEC CITY, QUEBEC--(Marketwire - Jan. 3, 2008) - Vior Inc. (TSX VENTURE:VIO)(FRANKFURT:VL5) is pleased to announce that it has completed a non-brokered private placement with MineralFields Group of 5,555,554 flow-through units at a price of $0.18 per unit, for gross proceeds to the company of $1,000,000.

Each flow-through unit consists of one common share issued on a flow-through basis and one-half of one share purchase warrant of the company. Each warrant will have a term of 18 months and will entitle the holder to purchase one common share at a price of $0.28 per share for 18 months.

In connection with the private placement, Vior paid a finder's fee to Limited Market Dealer Inc. ("LMD") of 277,777 non-flow trough units, each non-flow through unit being comprised of one common share and one-half of one non-transferable share purchase warrant having the same terms and conditions as the unit warrants and issued 555,555 finder's fee options, each finder fee option entitling LMD to purchase one unit ("finder fee unit") at a price of $0.18 for 18 months, and each finder fee unit consists of one common share and one-half of one non-transferable share purchase warrant having the same terms and conditions as the unit warrants.

Vior also paid Limited Market Dealer a due diligence fee of $30,000.

MineralFields Group (a division of Pathway Asset Management) is a Toronto-based mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada during most of the calendar year, as well as hard-dollar resource limited partnerships to investors throughout the world.

All securities issued pursuant to this private placement with MineralFields Group are subject to a hold period which expires April 29, 2008.

Vior has also completed a non-brokered private placement of 456,000 flow-through units for gross proceeds of $456,000 with accredited investors. Each $1,000 unit comprises 4,500 common flow-through shares priced at $0.20 per share, 666 common shares priced at $0.15 per share and 2,583 share purchase warrants, each warrant entitling the holder to purchase one common share of the company at a price of $0.30 per share for a 24-month period after the closing. However, after June 31, 2008, if the common shares of Vior trade at a price of $0.40 or more for a period of twenty (20) consecutive trading days, the warrants will expire thirty (30) days following the receipt of a written notice to that effect from Vior.

A 7% finder's fee will be payable in connection with this private placement.

The net proceeds of these private placements will be used to finance continued exploration programs at the company's projects all located in the Province of Quebec.

All securities issued pursuant to this private placement are subject to a hold period which expires May 1, 2008.

Profile

Vior is a growing mining company focused on acquiring and developing high quality, low risk gold and base metal resource prospects in accessible mining areas of Quebec. The Company wholly owns the Douay West gold project which is at a pre-feasibility stage and other gold and base metal exploration interests in prime locations. The Company is aggressively pursuing opportunities to develop working interests in mineral properties that offer significant upside exploration potential. Vale Inco Limited is the largest shareholder of Vior with an 11% interest.

Sedar : Societe d'exploration miniere Vior

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