Market Overview

Viscount Mining Drills 477 g/t Silver (15.34 oz/t) over 7.5 meters (24.6 ft) At Its Silver Cliff Property In Colorado

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  • Including

- 714 g/t (22.96 oz/t) over 3 m (9.84 ft)

- 338.4 g/t (10.88 oz/t) over 12 m (39.37 ft)

- 279.6 g/t (8.99 oz/t) over 15 m (49.21 ft)

VANCOUVER, British Columbia, March 05, 2018 (GLOBE NEWSWIRE) -- Viscount Mining Corp. (TSX-V:VML) (OTCQB:VLMGF) ("Viscount" or "the Company"), is pleased to announce the final set of assay results from the Phase 2 HQ core drilling program at their Silver Cliff property in the Hardscrabble Silver District of Custer County, Colorado (the "Property").  The 2017 program commenced in mid-October and completed on December 9th has as its primary objective the verification of historical drill results for current mineral resource estimation on one of the Silver Cliff deposits known as the Kate Silver Resource (the "KSR"). This release is reporting values from DDH P17005, DDH P17008 and DDH 17009.

2017 Drill Holes

Viscount Hole # Historical Hole # From (m) From (ft.) To
(m)
To
(ft.)
Length (m) Length (ft.) Ag
(oz/t)
Ag
(g/t)
P17001 79-02-03 24 78.74 33 108.27 9 29.53 3.65 113.5
P17001 79-02-03 25.5 83.66 28.5 93.50 3 9.84 7.64   237.5
P17002 79-05_CC 0 0 34.5 113.2 34.5 113.2 2.91 90.35
P17002 79-05_CC 12 39.4 30 98.4 18 59 3.88 120.58
P17003 SC-09 15 49.2 21 68.9 6 19.7 1.88 58.5
P17003 SC-09 16.5 54.13 18 59.05 1.5 4.92 2.76   86.0
P17004 77 -07_CC 6 19.7 39 128 33 108.3 2.83 90.35
P17004 77 -07_CC 9 29.5 39 128 30 98.5 3.07 95.48
P17004 77-07 _CC 15 49.2 39 128 24 78.8 3.51 109.04
P17005 88-57 9.5 31.17 24.5 80.38 15 49.21 8.99   279.6
P17005 88-57 11 36.09 14 45.93 3 9.84 22.96   714.0
P17005 88-57 11 36.09 18.5 60.70 7.5 24.61 15.34   477.0
P17005 88-57 11 36.09 23 75.46 12 39.37 10.88   338.4
P17006 88-16 0 0 24.5 80.4 24.5 80.4 4.82 149.88
P17006 88_16 0 0 15.5 50.9 15.5 50.9 6.56 203.90
P17007 88_32 0 0 39 128 39 128 1.38 42.85
P17007 88_32 12 39.4 24 78.7 12 39.3 2.65 82.50
P17008 89_46 38 124.67 44 144.36 6 19.69 1.25   39.0
P17009 89_16 11 36.08 17 55.76 6 19.68 1.95   60.5
P17010 RH27_CAL 13.5 44.3 46.5 152.6 33 108.3 2.57 79.53
P17010 RH27_CAL 33 108.3 46.5 152.5 13.5 44.5 3.95 122.85

Current hole P17005 was drilled at -60 degrees and gave the following results: 279.6 g/t (8.99 oz/t) over 15 m (49.2 ft) from 9.5m (31.17 ft) to 24.5 m (80.38ft) including 714 g/t (22.96 oz/t) over 3 m (9.84 ft) from 11  m (36.09 ft) to 14m (45.92 ft). Longer portions of the 15 m interval included: 477g/t (15.34 oz/t) from 11m (36.08 ft) to 18.5 m (60.70ft) and 338.4 g/t (10.88 oz/t) from 11m (36.09 ft) to 23m (75.46 ft). This hole is notable in that it assessed the less tested northern portion of the Kate deposit.  The true thickness of each reported interval of this hole is estimated at 83%.

Current hole P17008 was drilled at -90 degrees and gave the following results: 39 g/t (1.25 oz/t) over 6 m (19.69 ft) from 38 m (124.67 ft) to 44 m (144.36 ft). This hole is notable in that it also assessed the less tested northern portion of the Kate deposit. True thickness of the reported interval for this hole is estimated at 100%.

Current hole P17009 was drilled at -90 degrees and gave the following results: 60.5 g/t (1.95 oz/t) over 6 m (19.69 ft) from 11 m (36.09ft) to 17 m (55.78 ft). This hole is notable in that it assessed the less tested western portion of the Kate deposit. True thickness of the reported interval for this hole is estimated at 100%.

The silver mineralization either parallels the topographic surface or the 3-5° dip of the volcanic stratigraphy. Thus, true thickness is approximated by the drill hole intersections of the vertical holes for which assays are reported in the above table. They are 100% of the vertical drill hole intersections. The

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