Vior Inc.

Vior Inc.

February 22, 2007 10:36 ET

Vior Signs Agreement on Buteux-Desgagné Property

QUEBEC CITY, QUEBEC--(CCNMatthews - Feb. 22, 2007) - Vior Inc. ("Vior") (TSX VENTURE:VIO) is pleased to announce the signing of an agreement with Larry Desgagne (the "Vendor") by which it can acquire a 100% interest in the Buteux-Desgagne property located south-west of Chibougamau, Province of Quebec.

The Potential of the Buteux-Desgagne Porperty

The Buteux Desgagne property, located 120 kilometres southwest of Chibougamau and 110 kilometres east of Lebel-sur-Quevillon, comprises 42 claims covering 2,500 hectares in the Buteux Township. The property is adjacent to ground currently wholly held by Vior and to the Fecteau property which Vior agreed to purchase as of November 16, 2006. This three claim groups comprising 154 claims covering more than 9,100 hectares are located in the Urban-Barry greenstone segment, east of the Abitibi greenstone belt and approximately 20 kilometres east of the recent discovery announced by Noront Resources in December 2006 (1,792.9 g/t Au over 4.8 metres).

On the western part of the Buteux-Desgagne property, a felsic intrusion containing several high-grade gold showings was recently discovered by Mr. Desgagne. These showings consist of centimetric to decimetric quartz veins which returned values ranging from 8 g/t Au to 85 g/t Au on selected samples. These veins were recognized over a 200-metre by 50-metre corridor. To the east of the property, a semi-massive sulphide lens with zinc and copper showings associated with intermediate volcanites extends over a 20-metre by 5-metre area. These anomalies have not been explored by diamond drilling in the past. Geophysics and mapping work in scheduled on this property during the summer of 2007.

This acquisition follows our geological modelling and evaluation work carried out on the eastern section of the Urban-Barry greenstone segment. This section of the Abitibi geological sub-province is now easily accessible by numerous forest roads and remains relatively unexplored and presents, in our view, a strong potential for the discovery of base metal and/or gold deposits.

The Agreement

Under the terms of the agreement, Vior has the option to acquire a 100% interest in the Buteux-Desgagne property upon fulfilling the following conditions:

- A cash payment of $25,000 upon signing of the agreement and further optional payments of $25,000 on the 18th and 30th month following the signature of the agreement and a final optional cash payment of $25,000 on the 42nd month following the signature of the agreement.

- The issuance of 150,000 common shares of Vior in favour of the Vendor at the signature of the agreement; the optional issuance of 100,000 additional shares on the 18th and 30th month following the signature of the agreement and the final optional issuance of 300,000 shares on the 42nd month following the signature of the agreement.

- Exploration expenditures of $100,000 during the first 18 months of the agreement and additional expenditures of $150,000 during the following 24 months for a total amount of $250,000.

- A 1% NSR royalty if the property is brought into commercial production. One half of this royalty can be repurchased at any time for $1.25 million.

This agreement is subject to the approval of the regulatory authorities. The common shares issued under the terms of this agreement are subject to a four-month hold period after the signature of the agreement.

This press release was prepared by Marco Gagnon, P.Geo, a Qualified Person as defined by National Instrument 43-101.


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. CVRD Inco Limited is the largest shareholder of Vior with a 12% interest.

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

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