Vior Inc.

Vior Inc.

June 30, 2005 10:27 ET

Vior Acquires Noyard Property from SOQUEM

MONTREAL, QUEBEC--(CCNMatthews - June 30, 2005) - Vior Inc. ("Vior") (TSX VENTURE:VIO) is pleased to announce the signing of an agreement with SOQUEM Inc. ("SOQUEM") pursuant to which Vior will acquire the Noyard property, located in Abitibi, Province of Quebec.

Under the terms of the agreement, Vior will acquire the 100% interest currently held by SOQUEM in the Noyard property in exchange for a 1% NSR royalty if and when the property is brought into production. The royalty can be repurchased at anytime for an amount of $1 million. Vior will also assume a 2% NSR royalty in favour of Teck Cominco Limited and The Griffin Corporation as defined in a 1992 agreement between SOQUEM, Cominco Ltd. and Dore Norbaska Resources Inc.

The Noyard property, consisting of 14 claims and located approximately 25 km south-west of Matagami, Abitibi, is adjacent to the Vezza Project where Agnico- Eagle Mines Limited identified an historical resource, not compliant with current standards as outlined in National Instrument 43-101, containing 2,760,000 tons grading 0.135 oz/t Au (Annual Report - 1997). On surface, the northern boundary of the Noyard property is located less than 300 metres from the Vezza Project. Exploration work conducted by previous owners along that border returned drill intersections grading 4.2 g/t Au over 5.2 metres, 11.8 g/t Au over 2.25 metres and 6.1 g/t Au over 1.3 metres. The Noyard property was never explored for the possible extension at depth of the Vezza Zone.

The acquisition of the Noyard Property fits well within the scope of Vior's strategy, which aims to raise the company's exposure in the Joutel-Douay-Vezza area where management believes that the potential for economic discoveries remains extremely interesting.

Marco Gagnon, Geologist and Vice-President of Exploration and Acquisitions is Vior's qualified person for the purpose of National Instrument 43-101.

SOQUEM is a wholly owned subsidiary of SGF Minerals Inc., itself a subsidiary of the Societe generale de financement du Quebec ("SGF"). The mission of the SGF, industrial and financial holding, is to carry out economic development projects, notably in the industrial sector, in collaboration with partners, in accordance with accepted requirements of profitability, and in conformity with the economic development policy of the Government of Quebec.

Vior is a Quebec-based mineral exploration company whose strategy is to explore and develop gold and base metal properties in proven and accessible mining areas. 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 the Abitibi region of Quebec. Inco Limited is the largest shareholder of Vior with a 17% interest in the company.

Contact Information

  • Vior Inc.
    Patrick Bradley
    (514) 235-1409
    Vior Inc.
    Marco Gagnon
    Vice President, Exploration, Acquisitions
    (450) 561-3216