Vior Acquires the Lac-Edouard Nickel-Copper Property.

QUEBEC CITY, Quebec -- Vior Inc. ("Vior") (TSX VENTURE:VIO) announces the signing of an agreement with Real Gauthier and Terrence O'Connor ("the vendors") whereby it will acquire their nickel-copper property which encompasses the former Lac-Edouard Mine and the Lac Boivin showing located 40 kilometres north-east of La Tuque, Quebec.

The Agreement

Under the terms of the agreement, Vior can acquire 100% of the property by making an initial cash payment of $5,000 to the vendors at the close of the transaction and additional consecutive payments of $7,000 and $10,000 on the first and second anniversary of this agreement. Vior has also agreed to issue 75,000 shares of Vior to the vendors at the close of this transaction and 125,000 and 150,000 additional shares on the first and second anniversary of the agreement. The vendors will retain a 2% NSR royalty, Vior having the right to repurchase half of this royalty for $1,250,000. The agreement is subject to the approval of the TSX Venture Exchange.

Vior has also acquired by map designation, mining claims covering 4,142 additional hectares in the vicinity of the 233 hectares acquired from the vendors.

The Potential

The Lac-Edouard Mine produced approximately 400 tonnes of nickel and 200 tonnes of copper from March 1973 to January 1974, from 48,000 tonnes of ore (MRNF: DV-85-08). The surface infrastructure was then totally destroyed by fire and the operators estimated the reconstruction of the milling facilities to be non economical considering the known ore reserves at that time. The village of Lac-Edouard is located 8 kilometres east of the former producer. A power line borders a paved road to the village which boast a CN railroad station and a rail bypass.

Results from a drilling campaign performed in the early 70s indicate a series a mineralized paralleled lenses that range from 5 to 25 metres in thickness of which the best intersection returned 2% Ni et 0.5% Cu over 25.6 metres. Other than the deposit itself, several Ni-Cu showings occur in this area, several of which correspond to shallow geophysical anomalies which have not been explored. Moreover, advanced geophysics methods at depth were never used to explore this property.

Although Vior is mainly focused on the exploration and the development of its Douay gold projects, the Lac-Edouard property reveals a strong potential for a magmatic nickel-copper discovery and therefore fits perfectly within its corporate strategy. During the following months, Vior will do a detailed geo-scientific compilation and perform a VTEM aerial geophysical survey on this newly acquired property.

Profile

Vior is a Quebec-based mineral exploration Company whose strategy is to explore and develop quality gold and base metal properties in proven and accessible mining areas in Canada by using advanced exploration techniques. Inco Limited is the largest shareholder of Vior with a 17% interest in the Company.

VIOR INC. (TSX VENTURE:VIO)