Vior Inc.

Vior Inc.

December 27, 2006 14:38 ET

Vior Completes $500,000 Financing With MineralFields Group

QUEBEC CITY, QUEBEC--(CCNMatthews - Dec. 27, 2006) - Vior Inc. (TSX VENTURE:VIO) is pleased to announce that it has completed a non-brokered private placement with MineralFields Group of 2,000,000 flow-through units at a price of $0.25 per unit, for gross proceeds to the company of $500,000.

Each flow-through unit consists of one common share issued on a flow-through basis and one-half share purchase warrant of the company. Each warrant will have a term of 24 months and will entitle the holder to purchase one common share at a price of $0.35 in the first year of the term and $0.50 in the second year of the term.

In connection with the private placement, Vior paid a finder's fee to Limited Market Dealer Inc. ("LMD") equal to 5% of the proceeds and issued 200,000 finder's fee warrants, each finder fee warrant entitling LMD to purchase one unit ("finder fee unit") at a price of $0.25 for 24 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.

All securities issued pursuant to this private placement are subject to a hold period which expires April 22, 2007.

The net proceeds of the private placement will be used to finance continued exploration programs at the company's projects and primarily on its Douay gold project located in Northwestern Quebec, near the Town of Matagami.

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.


Vior is a Quebec-based 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 some of the best mining areas of Quebec. Inco Limited is the largest shareholder of Vior with a 14.2% interest.

The TSX Venture Exchange (TSX Venture) does not accept responsibility for the adequacy or accuracy of this Press Release.

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