Viscount Mining/Centerra Gold Announces Drilling Has Commenced at Cherry Creek, Nevada

Vancouver, British Columbia–(Newsfile Corp. – April 27, 2022) – Viscount Mining Corp. (TSXV: VML) (OTCQX: VLMGF) (“Viscount” or “the Firm”) is happy to announce our companion Centerra Gold Inc. (TSX: CG) (NYSE: CGAU) has signed an settlement with Alford Drilling of Spring Creek, Nevada to offer core drilling companies. Drilling has begun on the 100% managed Cherry Creek Venture in jap White Pine County, Nevada.

The preliminary drill program is anticipated to run till July 1 specializing in the Star goal. The primary section of drilling is deliberate for 15 holes with an mixture of footage of 14,000 toes (4,268 meters).

Many different targets are prepared for drilling now, and might be introduced in upcoming information releases.

Viscount CEO Jim MacKenzie acknowledged: “After vital work by the Centerra crew on the property over the previous yr very diligently defining targets we at the moment are capable of begin unlocking the potential of the Cherry Creek district. Beginning with the Star goal which had a considerable historical past of gold and silver manufacturing with noteworthy grades together with a few of the ore shoots averaging 24,880 g/t silver, we glance ahead getting began with the primary of the preliminary eleven targets recognized by Centerra.

Star Goal Space Location

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The Star Vein system is comprised of the subparallel South Star Vein and the North Star Vein emplaced about 9 m (30 ft) aside. Primarily based on the Schrader report of 1931 each veins have a manufacturing historical past, with the South Star Vein having the best manufacturing. The bigger South Star Vein had a median gold grade of seven.8 g/t gold and a median silver grade of 622 g/t silver; with 8% lead and eight% zinc. Some very wealthy ore shoots averaged 24,880 g/t silver. The vein system has been traced over 670m and extends over 260m at depth. The most effective ore shoot is 300m lengthy. (Source: College of Nevada Bulletin 14a, Nevada State Bureau of Mines and Mackay Faculty of Mines. Creator: F. C. Schrader geologist of the U.S. Geological Survey 1931.) All of Schrader’s estimates are deemed to be historic and never 43-101 compliant.

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The utmost rock pattern for gold was 61.4 g/t. Fourteen rock samples ran larger than or equal to 2.0 g/t gold. The excessive soil pattern for gold 2,190 ppb, whereas eight samples ran larger than or equal to 200 ppb gold. The utmost rock pattern silver for silver was 8,710 g/t, whereas the utmost silver worth in soils was 221 ppm. Seventeen rock samples ran larger than or equal 100 g/t silver, whereas eight soil samples ran larger than or equal to twenty ppm silver.

High quality Assurance/High quality Management (“QA/QC”) Measures, Chain of Custody

The Firm has applied a rigorous QA/QC program utilizing greatest business practices on the Cherry Creek Property. Rock and soil samples are positioned in securely sealed luggage for transportation to the Bureau Veritas Mineral Laboratory in Elko, Nevada, for pattern preparation and subsequent evaluation at Bureau Veritas Mineral Laboratories Canada, in Vancouver. The insertion of requirements, blanks and duplicates was performed by Centerra personnel on the property website.

Evaluation for rock samples is accomplished at Bureau Veritas utilizing the next prep and evaluation packages:
PRP 70-250 Crush, break up and pulverize 250g rock to 200 mesh
FA450 50g Lead Assortment Fireplace Assay Fusion – AAS End
AQ 201 1:1:1 Aqua Regia digestion ICP-MS evaluation

Evaluation for soil and sediment samples are accomplished at Bureau Veritas utilizing the next soil and sediment prep and evaluation packages:

DY060 Dry at 60C
SS80 Dry at 60C sieve 100g to -80 mesh
FA450 50g Lead Assortment Fireplace Assay Fusion – AAS End
AQ 201 1:1:1 Aqua Regia digestion ICP-MS evaluation
DISP2 Warmth remedy of Soils and Sediments

Certified Individuals

This Information Launch was ready by M.J. Abrams; BS and MS Geology, CPG #11451; Idaho PG #570; California PG#4138; Oregon RG#938. M.J. Abrams is a Certified Individual as outlined by NI 43-101. The scientific and technical disclosure included on this information launch was reviewed and accepted by Harald Hoegberg PG, an impartial consulting geologist who’s a “Certified Individual” (QP) as such time period is outlined underneath Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Initiatives (“NI 43-101”).

About Viscount Mining (TSXV: VML) (OTCQX: VLMGF)

Viscount Mining is a mission generator and an exploration firm with a portfolio of silver and gold properties within the Western United States, together with Silver Cliff in Colorado and Cherry Creek in Nevada.

The Silver Cliff property in Colorado lies throughout the historic Hardscrabble Silver District within the Moist Mountain Valley, Custer County, south-central Colorado. It’s situated 44 miles WSW of Pueblo, Colorado, and has year-around entry by paved street. The property consists of 96 lode claims the place excessive grade silver, gold and base metallic manufacturing got here from quite a few mines through the interval 1878 to the early 1900’s. The property underwent substantial exploration between 1967 and 1984. The property is interpreted to embody a portion of a big caldera and extremely altered sequence of tertiary rhyolitic flows and fragmental models which presents potential to host deposits with each treasured and base metals. This has been demonstrated within the mineralization traditionally extracted from the quite a few underground and floor mining operations. Primarily based on the collected information and feasibility research, Tenneco Minerals made the choice with silver at $5.00 USD an oz. to assemble at the moment a $35,000,000 USD milling operation for the extraction of the silver reserves at Silver Cliff. Shortly thereafter Tenneco’s Mining Unit was bought, and the deliberate milling operation was deserted.

The Cherry Creek exploration property is in an space generally often known as the Cherry Creek Mining District, situated roughly 50 miles north of the city of Ely, White Pine County, Nevada. Cherry Creek consists of 578 unpatented and 17 patented claims in addition to mill rights. Cherry Creek consists of greater than 20 previous producing mines. In January 2021, Viscount entered an exploration earn – in settlement with a completely owned subsidiary of Centerra Gold Inc. Centerra is a Canadian-based gold mining firm targeted on working, creating, exploring and buying gold properties in North America, Asia and different markets worldwide.

For extra data relating to the above famous property and different company data, please go to the Firm’s web site at www.viscountmining.com

ON BEHALF OF THE BOARD OF DIRECTORS

“Jim MacKenzie”

President, CEO and Director

For additional data, please contact:
Viscount Investor Relations
E mail: information@viscountmining.com

Neither TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this launch.

Ahead-Trying Statements

This information launch consists of sure statements which may be deemed “forward-looking statements” throughout the that means of relevant Canadian securities laws. Ahead-looking statements embody, however aren’t restricted to, statements with respect to Viscount Mining’s operations, exploration and improvement plans, growth plans, estimates, expectations, forecasts, aims, predictions and projections of the long run. Particularly, this information launch incorporates ahead wanting statements with respect to contemplated drill program and any correlation to any historic outcomes. The Firm can’t present any assurances that the whole drill program described above might be accomplished. Typically, forward-looking statements may be recognized by the forward-looking terminology resembling “plans”, “expects” or “doesn’t anticipate”, “is predicted”, “finances”, “scheduled”, “estimates”, “tasks”, “intends”, “anticipates”, or “doesn’t anticipate”, or “believes”, or “variations of such phrases and phrases or state that sure actions, occasions or outcomes “might”, “can”, “might”, “would”, “would possibly”, or “will” be taken”, “happen” or “be achieved”. Ahead-looking statements are topic to identified and unknown dangers, uncertainties and different components which will trigger the precise outcomes, degree of exercise, efficiency or achievements of Viscount Mining to be materially totally different from these expressed or implied by such forward-looking statements, together with however not restricted to: dangers associated to the exploration and improvement and operation of Viscount Mining’s tasks, the precise outcomes of present exploration, improvement actions, conclusions of financial evaluations, adjustments in mission parameters as plans proceed to be refined, future treasured metals costs, in addition to these components mentioned within the sections referring to threat components of our enterprise filed in Viscount Mining’s required securities filings on SEDAR. Though Viscount Mining has tried to establish essential components that would trigger outcomes to vary materially from these contained in forward-looking statements, there could also be different components that trigger outcomes to be materially totally different from these anticipated, described, estimated, assessed or meant.

There may be no assurance that any forward-looking statements will show correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers mustn’t place undue reliance on forward-looking statements. Viscount Mining doesn’t undertake to replace any forward-looking statements which might be included by reference herein, besides in accordance with relevant securities legal guidelines.

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