VIO Vior Inc

(TSX VENTURE:VIO)(FRANKFURT:VL5) - Societe d'exploration miniere Vior Inc.
announces that it has initiated procedures with the Ministere des Ressources
naturelles et de la Faune du Quebec (MRNF) and the Ministere du Developpement
durable et de l'Environnement et des Parcs (MDDEP) to obtain the authorization
to carry out a bulk sampling on its Douay Ouest property.


The Company recently completed an internal study revealing that bringing the two
first levels of the Douay Ouest deposit into production could be done for less
than CA$6 million. According to this internal study, combined with the current
gold price, the operation would generate profits of over CA$25 million before
tax, depreciation and reimbursement of invested capital for the four first years
of production. It is to be noted that existing mining infrastructures, valued at
about CA$8 million, reduce by the same amount the capital costs needed to start
up the bulk sampling program. These infrastructures consist mainly of an
all-season gravelled road, a power house and electrical line linked to
Hydro-Quebec facilities, a head frame with a shaft sunk through overburden to
the bedrock, and a main building that shelters offices, a dryer, a garage and a
1,100-metre capacity hoist, which is already installed.


Furthermore, IBK Capital in Toronto has been retained to assist Vior in finding
the necessary financing to bring the Douay Ouest deposit into production. The
financing will be done with the objective of minimizing the dilution of equity
and does not preclude recourse to a gold loan or to a conventional loan.


Profile

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


Sedar: Societe d'exploration miniere Vior inc.

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