Vior Increases Its Land Position Around the Beauchastel Property, Rouyn-Noranda Area, Quebec Vior completes a private placement with qualified investors

17.12.2010  |  Marketwired

QUEBEC, CANADA -- (Marketwire) -- 12/17/10 -- SOCIETE D'EXPLORATION MINIERE VIOR INC. (TSX VENTURE: VIO)(FRANKFURT: VL5) wishes to announce the acquisition of a block of 12 claims covering approximately 530 hectares, adjacent to the western boundary of the Company's 100%-owned Beauchastel property, located 20 kilometres northwest of Rouyn-Noranda, Quebec.

The new block of claims covers the interpreted lateral southwestern extension of the northeast-trending Quesabe Fault where the gold mineralization at Beauchastel appears to be associated. The Company is currently conducting a diamond drilling program on Beauchastel to follow up on gold intercepts encountered in 1998 on the 'D' Zone during a 3-short-hole program. At that time, the Company cut in hole BC 98-02 an intercept of 1.08 g/T gold over 19.5 metres, including 4.38 g/T gold over 3 metres, and another intercept of 6.72 g/T gold over 3 metres. Hole BC 98-03, located 75 metres to the west, has cut an intercept of 0.91 g/T gold over 19.5 metres, including 1.44 g/T gold over 9 metres (press release of November 24, 2010). Furthermore, a recent till sampling program on Beauchastel, yielded visual counts of gold grains as high as 1,032 individual grains in a 15-kg samples (press release of December 9, 2010).

The 12-claim block (formerly known as the Bourniol property) was 100% acquired from Adventure Gold Inc. (TSX-V: AGE) against a cash payment of $7,500. Adventure Gold will retain a 2.0% NSR, half of which (1.0%) can be bought back for $1,000,000.

This technical part was prepared and reviewed by Mr. Marc L'Heureux who is the Company's Qualified Person under National Instrument 43-101.

Closing of a $150,000 private placement

Vior is pleased to announce the completion of a private placement totalling $150,000 with qualified investors. The private placement was completed by issuing 681,818 flow-through shares of Vior at a price of $0.22 per share.

In connection with the private placement, Vior paid a finder's fee of $9,000 and the securities issued are subject to a four-month holding period expiring on April 17, 2011.

Proceeds from the financing will be used for exploration work on the Company's properties in Quebec.

Profile

Vior is a growing mining company focused on developing its properties. The company owns 75% of the Douay Ouest gold project and other mineral properties.

The TSX Venture Exchange (TSX Venture) does not accept responsibility for the adequacy

or accuracy of this Press Release.

Contacts:

Claude St-Jacques

President

418-692-2678
cstjacques@vior.ca

Web Site : www.vior.ca


Marc L'Heureux

Vice-president Exploration

418-692-2678
mlheureux@vior.ca