Vior Inc.

Vior Inc.

November 16, 2006 11:53 ET

Vior Signs Agreement on Fecteau Property

QUEBEC CITY, QUEBEC--(CCNMatthews - Nov. 16, 2006) - Vior Inc. ("Vior") (TSX VENTURE:VIO) is pleased to announce the signing of an agreement with Gilbert Lamothe (the "Vendor") by which it can acquire a 100% interest in the Fecteau property located south-west of Chibougamau, Province of Quebec.

The Agreement

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

- A cash payment of $20,000 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 cash payment of $30,000 on the 42nd month following the signature of the agreement.

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

- Exploration expenditures of $125,000 during the first 18 months of the agreement and additional expenditures of $125,000 during the following 12 months and $500,000 during the last 12 months of the agreement.

- 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.

The Potential

The Fecteau property, located 120 kilometres southwest of Chibougamau and 110 kilometres east of Lebel-sur-Quevillon, comprises 51 claims covering 3,000 hectares in the Buteux Township. The property is adjacent to ground currently wholly held by Vior.

The property is located in the Urban-Barry greenstone segment, east of the Abitibi greenstone belt. A major felsic volcanic centre is present on the property, possibly located on the same stratigraphic level as the zinc-copper Gonzague Langlois mine. There are few outcrops on the property but in the northern section, massive and brecciated felsic lava flows as well as massive and pillowed mafic volcanics intersected by mafic intrusives and a synvolnanic tonalitic pluton were observed.

A volcanic hydrothermal activity is demonstrated by the presence of exhalithe/chert levels, semi-massive to massive sulphides and significant zones of disseminated sulphides or veinlets. Base metal values of up to 4.0% Zn and 1.8% Cu were recorded on a chosen sample. All these mineralized zones are located on the same stratigraphic level, at the top of the felsic volcanics and are recognized over more than 2 kilometres. Very few shallow drill holes accurately tested the top of this volcanic sequence and the best intersection returned 5.1% Zn over 0.8 metres (GM 56272). In the southern part of the property, an auriferous structure, recognized over 1 kilometre, was also identified by shallow diamond drilling and the best intersections assayed 6.5 g/t Au over 1 metre, 5.2 g/t Au over 0.5 metre and 4.2 g/t Au over 0.8 metre (GM 48455).

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.

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. Inco Limited is the largest shareholder of Vior with a 15% interest.

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

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