Cherry Creek Project Work Program Update

VANCOUVER - Viscount Mining Corp. reported the first results from the 2021 work program on the Cherry Creek Project in eastern White Pine County, Nevada. Our partner Centerra Gold Inc. has been diligently doing geological mapping and geochemical sampling on the property this year.

The Star Vein system is comprised of the subparallel South Star Vein and the North Star Vein emplaced about 9 m (30 ft) apart. Both veins have a production history, with the South Star Vein having the greatest production. The larger South Star Vein ranged in width from 0.3 to 2.1 m, with an average gold grade of 7.8 g/t gold and average silver grade of 622 g/t silver; with 8% lead and 8% zinc. Some very rich ore shoots averaged 24,880 g/t silver. The mine produced over $6,000,000 of silver and gold up to the time of F.C. Schrader's report in 1931. The vein system has been traced over 670m and extends over 260m at depth. The best ore shoot is 1m thick and 300m long. With the above average grades, for the rest of the 370m, Schrader estimated the Star mine has the potential to host an additional 4 million ounces of silver and 500, 000 oz of gold. Schrader also stated a reported grade of 8% Pb and 8% Zn in the lower levels with an estimated base metal reserves of 35,000,000lbs (15,000t) of both lead and zinc.

Mineralization in the Star veins is hosted in a black phyllite and grey/tan quartzite of the Precambrian Prospect Mountain Formation.

The Star area is 372.96 acres or 150.94 hectares. One hundred sixty-six rock samples and two hundred thirty-six soil samples were collected in the Star target area and analyzed for gold, silver, and pathfinder elements. The maximum rock sample for gold was 61.4 g/t. Fourteen rock samples ran greater than or equal to 2.0 g/t gold. The high soil sample for gold 2,190 ppb, while eight samples ran greater than or equal to 200 ppb gold. The maximum rock sample silver for silver was 8,710 g/t, while the maximum silver value in soils was 221 ppm. Seventeen rock samples ran greater than or equal 100 g/t silver, while eight soil samples ran greater than or equal to 20 ppm silver.

Geological mapping and geochemical sampling is continuing now on the property through the rest of the field season. Since the last report, 136 rock samples and 105 soil samples have been collected bringing our total number of rock samples to 561 and the soil sample count to 730. The first pass mapping and sampling have been completed over large portions of the property, but some field work remains. Centerra undertook the staking 278 new lode claims this year bringing the total number of unpatented lode claims to 578. The property also includes 17 patented lode claims. These new claims strengthen our position in the district and cover permissive lithologies, known mineralization as well as mineralized projections.