Viscount Mining Identifies Promising Gold and Silver Exploration Targets At Cherry Creek, Nevada

PRESS RELEASE                                                                                                              May 1, 2017

VANCOUVER, Canada – - Viscount Mining Corp. (TSX-V: VML) (OTCQB: VLMGF) (“Viscount” or “the Company”), is pleased to announce the identification of promising gold and silver exploration targets on its 100%-owned Cherry Creek project in northwestern White Pine County, Nevada.

Viscount’s Cherry Creek property has a long history of gold, silver, lead, zinc and tungsten production from high-grade veins and replacement deposits. This included production from the Blue Bird, Fillmore, Last Chance, Exchequer/New Century Mine, Star, Ticup and Motherlode mines. In addition to the historic mines, recent exploration in the Flint Canyon area of the Cherry Creek property recognized stratigraphic, structural and geochemical characteristics that are similar to those at sediment-hosted gold mines in eastern Nevada, including Newmont’s Long Canyon Mine and Pilot Gold’s Kinsley Mountain Mine. 

Now, new data collected by Summit Mining Exploration Inc. (Summit) on the Cherry Creek property shows several areas with strong gold and silver exploration potential that have not yet been adequately tested by focused geologic work or drilling.

In December 2016, Summit completed the second full year of an evaluation program that was part of fulfilling an earn-in agreement on the Cherry Creek project. The Summit program included comprehensive geologic mapping of the claim block, extensive soil and rock-chip sampling, and two distinct programs of reverse-circulation exploration drilling. Viscount has now received all of the high-quality data from the Summit program, including: geologic maps, multi-element analyses of the surface samples and drill cuttings, lithologic logs from the drill holes, and accompanying digital maps and databases.  The data also included subsurface interpretations and comprehensive summary reports prepared by the Summit exploration team, which included geologists from Rangefront Geological of Elko, NV. The Summit program identified several areas with favorable geologic settings and geochemical signatures that were not further evaluated.  The acquisition of the Summit database allows Viscount geologists to delineate areas with strong exploration potential that have not been fully exploited.

Viscount Director and senior geologist, Mark Abrams said, “Summit conducted a very solid program on which we can build. The geology of the Cherry Creek district remains very permissive for finding precious and base metal deposits and we intend to advance the project forward utilizing our knowledge of the district and surrounding areas, and our extensive database.” 

Viscount is currently vetting the following exploration target areas for further work in 2017:

Flint Canyon

The Flint Canyon area was the focal point of the Summit 2016 exploration program.  It is on the northwest side of the claim block, three kilometers west of the historic mining district.  The Flint Canyon area had no historic production and displays very little evidence of modern exploration.  Rock-chip and soil sampling identified widespread anomalous gold in jasperoid and silicified breccias, primarily along the contact between Marjum limestone and Dunderberg Shale, but also locally along the Notch Peak Limestone/Pogonip Formation contact.  Elevated levels of gold in rock-chip samples were commonly on the order of 0.1–0.5 g/t, although were locally as high as 4 g/t Au. The stratigraphic section and geochemical signature encountered at Flint Canyon resembles those at the two currently operating mines in the region. Sediment-hosted gold mineralization at the Newmont Long Canyon Mine occurs near the Pogonip-Notch Peak contact.  At the Pilot Gold Kinsley Mine, the primary zone of oxidized disseminated gold mineralization occurs along the contact between the Dunderberg Shale and Hamburg Formation (Marjum equivalent).

Summit conducted a 32-hole reverse-circulation drilling program in the fall of 2016 designed to test surface gold anomalies on the west side of the Flint Canyon gold anomaly.  Drill holes encountered anomalous gold in several stratigraphic positions. In general, the strongest gold concentrations occurred in near-surface silicified zones in the Marjum limestone.  Elevated gold concentrations also occurred in local silicified zones along the Dunderberg/Marjum contact, in collapse breccias and silicified strata in the Pogonip Formation, and in silicified breccia in undifferentiated dolomite. Intercepts with the highest gold grades were commonly between 5 and 30 meters thick with average concentrations between 0.1 and 0.4 g/t Au.  The maximum gold concentration encountered in the program was 4.03 g/t in a 3-meter thick sample of strongly altered dike.

The lack of disturbance from historic mines and the absence of existing roads through the Flint Canyon anomaly greatly influenced the 2016 drilling program.  The targets on the west side of project area were tested because they required the least of amount of new road to be built for access, which expedited the permitting process with the BLM. Strong exploration targets defined by structure, stratigraphy, and gold in surface samples are scattered throughout the Flint Canyon anomaly, which covers an area approximately two kilometers long and one kilometer wide.  Future exploration programs in the area will process existing data, acquire new data, rate the targets, and determine the best methods to access the strongest targets for exploration drilling. 

Silver Canyon

The Silver Canyon area had historic silver production in the northeast corner of the claim block.  Recent exploration was limited to geologic mapping at a scale of 1:2500 and scattered rock-chip sampling.  The historic mines produced high-grade silver from jasperoid breccia zones along the contact between Dunderberg Shale and Marjum limestone. Rock-chip samples collected in the Summit program from the Silver Canyon (Blowout Mine) ore zones had silver concentrations in the 200‐500 g/t range, and commonly displayed weakly anomalous gold.

In addition to the historic silver mines, the Silver Canyon area displays structural and stratigraphic similarities to the Flint Canyon area. A thick section of Dunderberg Shale crops out with strong local jasperoid development along the lower contact with the Marjum limestone.  The Dunderberg/Marjum section in Silver Canyon is truncated on the south by the Black Metal Fault that displays approximately 2 to 3 kilometers of strike-slip displacement and is commonly associated with mineralization throughout the Cherry Creek property.  Several scattered rock-chip samples from altered limestone on the south side of the Black Metal Fault contained elevated gold concentrations, with a maximum of 0.74 g/t Au. Additional geologic mapping and geochemical sampling could identify viable gold and silver exploration drill targets in Silver Canyon.

Ticup-Doctor’s Cut-Jacob's Cut Areas

Geologic mapping and surface geochemical data from the Summit program identified several gold and silver exploration target areas in the Ticup-Doctor’s Cut-Jacob’s Cut area (Viscount news release, August 5, 2015).  The Ticup Mine was the richest historic silver producer in the district.  In 2015, Summit conducted a limited, 12-hole reverse-circulation exploration drilling program to test some of those targets.  Drill holes encountered elevated silver concentrations in projected extensions of the Ticup ore zone, which is a steeply-dipping silicified breccia along the contact of the Swasey Limestone and Wheeler Shale.  The silver intercepts were commonly between 6 and 12 meters thick and contained silver concentrations between 40 and 117 g/t, with a maximum silver grade of 506 g/t in a 3-meter interval.  In addition to the Ticup targets, a drill hole that tested a down-dip extension of exposed silver-bearing siltstone at the Doctor’s Cut intersected a 27-meter zone with an average grade of 52 g/t Ag.  Similarly, a hole that tested a projected extension of silver mineralization exposed in the Jacob’s Cut encountered a 30-meter interval of Swasey Limestone with an average concentration of 50 g/t Ag.  The results of the 2015 drilling program were discussed in a Viscount news release from February 4, 2016.  Surface geochemistry and subsurface geologic interpretations indicate that additional drilling in this area could extend the mineralized zones and possibly increase the grade of the silver encountered in the holes.

Exchequer-Grey Eagle-Star

The historic Exchequer, Grey Eagle, and Star mines produced gold and silver from high-grade vein deposits on the eastern side of the Cherry Creek property. Recent work in this area included geologic mapping and surface sampling, as well as the review of historic underground maps and assay data. This data indicates that the mineralized zone in the Exchequer Mine could extend beyond the historic mine workings and that a potential intersection of the Grey Eagle and Star veins occurs at depth in an unexplored area between the two mines.  Future exploration drilling could test these concepts.

Lead Mine Canyon

Mapping south of Flint Canyon drill area identified a frontier gold exploration target in Lead Mine Canyon.  The target lies in a 250 x 75 meter exposure of Marjum siltstone. Pods of jasperoid and coarse calcite occur along the limestone/siltstone contact and in minor faults that cut the contact. Four samples of jasperoid from those silicified zones contained gold values between 0.283 and 1.085 g/t. Soil samples from the siltstone commonly contained elevated gold values between 0.02 and 0.1 g/t, with one sample containing 0.5 g/t.  As part of the vetting process, Viscount geologists will be examining this area to determine if it will be included in the 2017 exploration program.

Future Exploration Program For 2017

Viscount Mining is planning for an exploration drilling program to test the strongest of the gold and silver exploration targets delineated by the recent evaluation program, as outlined above. In addition, joint venture partners will be sought to assist in the future exploration of this extensive, highly-prospective property.

Dr. Jamie Robinson, Viscount Senior Consulting Geologist, stated, “The comprehensive, high-quality data collected in the Summit exploration program will allow focused evaluation of gold and silver targets located on the large Cherry Creek claim block, which displays widespread mineral occurrences in a variety of geologic settings.”

Qualified Persons

The scientific and technical information contained in this news release has been reviewed by Dallas W. Davis, P. Eng., FEC., an independent consulting geologist who is a "Qualified Person" as such term is defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43- 101").

About Viscount Mining (TSX VENTURE: VML) (OTCQB: VLMGF)

Viscount Mining is project generator and an exploration company with a portfolio of silver and gold properties in the Western United States, including Cherry Creek in Nevada and Silver Cliff in Colorado.

The Cherry Creek Property is focused on exploration in the immediate vicinity of an area commonly known as the Cherry Creek Mining District, located approximately 30 miles north of the town of Ely, in White Pine County, Nevada. Cherry Creek consists of over 400 unpatented and patented claims as well as mill rights, and is comprised of more than 9,000 acres. Cherry Creek includes more than 20 past producing mines including Blue Bird, Chance Mine, Filmore, Last Chance, Exchequer/ New Century Mine, Ticup and Motherlode mines.

The Silver Cliff property in Colorado lies within the historic Hardscrabble Silver District in the Wet Mountain Valley in south-central Colorado in Custer County. The property consists of 96 lode claims where high grade silver, gold and base metal production came from numerous mines during the period 1878 to the late 1896. Subsequently, there was little activity until the late 1960s to early 1990s when the property underwent periods of exploration and evaluation, including at least one prefeasibility study. The major explorers were Freeport, Hecla, Homestake, Moly Corp, Coca Mines and Tenneco Minerals. In January 2017, Viscount Mining reported additional high grade silver intersections from the drill program completed in December 2016.

For additional information regarding the above noted property and other corporate information, please visit the Company's website at www.viscountmining.com

ON BEHALF OF THE BOARD OF DIRECTORS                    

“Jim MacKenzie”       

President, CEO and Director                                                           

For further information, please contact:

Viscount Investor Relations

Phone: 1 844 863 3622                                                                                                             

Email: info@viscountmining.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Viscount Mining Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of Viscount Mining Corp. management on the date the statements are made. Except as required by law, Viscount Mining Corp. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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Viscount Mining Strengthens Technical Advisory Board with Senior Geologist

PRESS RELEASE                                                                                                 April 18, 2017

VANCOUVER, Canada –- Viscount Mining Corp. (TSX-V: VML) (OTCQB: VLMGF) (“Viscount” or “the Company”), is pleased to announce that geologist James P. Robinson, Ph.D., has consented to join the Company's technical advisory board. As advisor to Viscount’s technical board he will be called on to provide insights based on his deep knowledge of Nevada, structural geology, precious-metals deposit models, and exploration techniques.

Recently, Dr. Robinson was a senior consulting geologist for Summit Mining Exploration, Inc., a wholly owned subsidiary of Sumitomo Corporation and was involved with all aspects of the initial two-year evaluation program of Viscount Mining’s Cherry Creek property. His responsibilities included comprehensive geologic mapping, geochemical sampling, drill target generation, drilling supervision, and subsurface interpretations.

Dr. Robinson has over 35 years of experience as a professional geologist, including approximately 30 years in precious metal exploration. Most of his mineral experience has focused on frontier and early-stage exploration in the eastern and southern Basin and Range of Nevada and Utah. This included managing successful exploration programs for Alta Gold Company, Pilot Gold Company, DNI Metals, and Battle Mountain Exploration Company.  Dr. Robinson was instrumental in the development of the Alta Gold Griffon Mine from grassroots discovery through production and the Alta Gold Kinsley Mine from development drilling to the discovery of several satellite deposits.

Dr. Robinson holds a Ph.D. in Geological Sciences from Cornell University, an M.S. in Geology from the University of Southern California, and a B.S. in Geology from Ohio University. He is a Registered Professional Geologist in the states of Utah, Idaho, and Arizona.   

Dr. Robinson stated, "I am very pleased to join the Company's advisory board. With my time on the Cherry Creek project, I feel it represents a rare opportunity in eastern Nevada to be the first modern comprehensive exploration program to evaluate a mining district with historic production of gold, silver, tungsten and base metals. In addition to the high-grade veins and replacement deposits exploited in the historic mines, recent geologic mapping, sampling, and limited drilling identified disseminated sediment-hosted gold in a previously unexplored area of Cherry Creek. The stratigraphic section, geochemical signature, and structural and igneous history of the sediment-hosted gold occurrence at Cherry Creek shares characteristics with modern gold mines in the general vicinity, including the Newmont Long Canyon Mine and Pilot Gold Kinsley Mountain Mine.  Subsequent exploration will further delineate gold anomalies defined by recent field work and greatly enhance the potential of finding an economic gold deposit in the subsurface."

Kaare Foy, Chairman of Viscount stated, "Dr. Robinson will collaborate closely with Viscount's management to provide guidance and recommendations to help Viscount set the direction of the company's roadmap and strategic initiatives at Cherry Creek as the company accelerates exploration and development plans."

About Viscount Mining (TSX VENTURE: VML) (OTCQB: VLMGF)

Viscount Mining is project generator and an exploration company with a portfolio of silver and gold properties in the Western United States, including Cherry Creek in Nevada and Silver Cliff in Colorado.

The Cherry Creek Property is focused on exploration in the immediate vicinity of an area commonly known as the Cherry Creek Mining District, located approximately 30 miles north of the town of Ely, in White Pine County, Nevada. Cherry Creek consists of over 400 unpatented and patented claims as well as mill rights, and is comprised of more than 9,000 acres. Cherry Creek includes more than 20 past producing mines including Blue Bird, Chance Mine, Filmore, Last Chance, Exchequer/ New Century Mine, Ticup and Motherlode mines.

The Silver Cliff property in Colorado lies within the historic Hardscrabble Silver District in the Wet Mountain Valley in south-central Colorado in Custer County. The property consists of 96 lode claims where high grade silver, gold and base metal production that came from numerous mines during the period 1878 to 1894. The property underwent substantial exploration between 1967 and 1984 for the purpose of defining mineral inventories. The major explorers were Freeport, Hecla, Homestake, Moly Corp, Coca Mines and Tenneco Minerals. In January 2017, Viscount Mining reported additional high grade silver intersections from the drill program completed in December 2016.

For additional information regarding the above noted property and other corporate information, please visit the Company's website at www.viscountmining.com

ON BEHALF OF THE BOARD OF DIRECTORS                    

“Jim MacKenzie”       

President, CEO and Director                                                           

For further information, please contact:

Viscount Investor Relations

Phone: 604-960-0535                                                                                                    

Email: info@viscountmining.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Viscount Mining Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Viscount Mining Corp. management on the date the statements are made. Except as required by law, Viscount Mining Corp. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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Viscount Mining Announces Results of 2017 Annual General Meeting

PRESS RELEASE                                                                                             January 30, 2017

VANCOUVER, Canada – – Viscount Mining Corp. (TSX-V: VML) (OTCQB: VLMGF) (“Viscount” or “the Company”), is pleased to announces the results of its Annual General Meeting of Shareholders (the "AGM") held on January 27, 2017 in Vancouver. The motions approved by Viscount’s shareholders included the following:

• Approval of the number of directors at six;
• Election of all six nominees to serve until the next annual meeting of shareholders of the Company, or until their successors are elected or appointed.  Directors James MacKenzie (President & CEO), Kaare Foy (Chairman), Andrew Gertler, William MacDonald and Honourable Grant Devine were re-elected; 
• Mark J. Abrams, BSc. MSc. was newly appointed to the Board of Directors of the Company;
• Approval of the Company’s stock option plan; and;
• Re-appointment of Davidson & Company LLP, Chartered Accountants as the Company's external auditor.

Mr. Abrams has more than 30 years of domestic and international mineral exploration experience. Most recently, he was responsible for exploration and acquisitions in the United States for Golden Predator Corp., prior to which he worked for 12 years for Agnico-Eagle (USA) Ltd., where he led his exploration team to a gold discovery in northeastern Nevada. Mr. Abrams has designed, initiated and conducted advanced project evaluations and acquisitions in the in United States, Mexico, Honduras, Guatemala, Chile, Argentina, Canada, China and Indonesia, including the acquisition of and first exploration work on the Donlin Creek project in Alaska for Placer Dome. He conducted exploration work over 18 years for Placer Dome within the Cortez joint venture and Bald Mountain mine properties. He was responsible for acquiring the lands now occupied by portion of the Pipeline mine and was involved in the early exploration work on the deposit.  Mr. Abrams is experienced in creating and managing programs and budgets ranging from $100,000 to $15,000,000, and holds a BSc. in Geology and MSc. in Geology from Eastern Washington University.

Kaare Foy, Viscount Chairman stated: “Mr. Abrams has been serving on the Company’s Advisory Board since July of 2015 and we look forward to his greater involvement in the growth and leadership of Viscount as it moves forward with its projects.”

The Board and Management of Viscount are deeply saddened to announce the passing of one of its earliest directors, Matthew J. Hughes, a friend and former member of the Board from 2014 – 2017.  Mr. Hughes died on January 27, 2017, at the age of 56.

“Matt was a respected geologist working in the exploration, development and mining industry for more than 25 years,” said Jim MacKenzie, Viscount’s CEO.  “He served on the boards of numerous private and public companies. His wealth of knowledge, networking and expertise has made an invaluable contribution to the Company. Everyone at Viscount extends heartfelt condolences to his family during this difficult time. Matt will be greatly missed by his many friends and family.”

About Viscount Mining (TSX VENTURE: VML) (OTCQB: VLMGF)

Viscount Mining is an exploration company with a portfolio of gold and silver properties in the Western United States, including Cherry Creek in Nevada and Silver Cliff in Colorado. Cherry Creek is comprised of more than 9,000 acres, all 100% owned, and includes more than 20 past producing mines.  Viscount has entered into an exploration earn-in agreement with Sumitomo Corporation covering the Cherry Creek property.  Sumitomo can earn in up to a 75% interest in the property by producing a feasibility study and by spending in addition a minimum of US$10,000,000 in exploration and development expenses by the eighth anniversary of the earn-in agreement.  Silver Cliff in Colorado is comprised of 96 lode claims, covering much of the historical past-producing mineral districts of Silver Cliff and Rosita Hills.

For additional information regarding the above noted property and other corporate information, please visit the Company's website at www.viscountmining.com 

ON BEHALF OF THE BOARD OF DIRECTORS

“Jim MacKenzie”

President, CEO and Director          

For further information, please contact:

Viscount Investor Relations

Phone: 604-960-0535                                            

Email: info@viscountmining.com 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements 

This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Viscount Mining Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Viscount Mining Corp. management on the date the statements are made. Except as required by law, Viscount Mining Corp. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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Drilling Update at Viscount's Flint Canyon, Cherry Creek Property in Nevada

November 22, 2016 09:08 ET

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 22, 2016) - Viscount Mining Corp. (TSX VENTURE:VML)(OTCQB:VLMGF)("Viscount" or "the Company"), is pleased to provide an update on its flagship Cherry Creek Nevada Property (the "Property"). The Phase 1 drilling commenced at Flint Canyon in early September; and is being managed and funded by Summit Mining Exploration Inc. ("Summit"), a wholly-owned US subsidiary of Sumitomo Corporation, under the Exploration-Earn In Agreement.

The 2016 Phase 4 soil sampling program was completed in late July. A total of 1,250 samples were collected, including those at closer spacing than the 75m by 75m reported in the news release of (August 10, 2016). All were submitted to ALS Global for gold assay and multi‐element geochemical analysis. In the central Flint Canyon area, the results reported by Summit show a positive correlation of gold and arsenic to the locations of the jasperoid occurrences and with major faults and regional structures. The soil sample results and geological map data were used for guidance in the drill planning.

A reverse circulation (RC) drill plan was made based on soil anomalies, geologic mapping, and targeting of the jasperoid outcrops. The initial drill program that was reported in the news release of (September 7, 2016) was for 18 holes from 12 drill sites for total of 14,366 feet (4,380 m).

The revised drill plan is for 34 holes from 11 sites for 24,000 feet (7,317 m). Drilling has progressed well and is continuing due to good weather, ground conditions, and short drill rig moves. Currently the program is expected to continue to the end of November.

A map showing the new roads and drill pads at Flint Canyon may be consulted using the following link: http://media3.marketwire.com/docs/Flint_Cayon_Road_and_Drill_Pad_Map.jpg

Mark Abrams, Viscount Technical Advisory Board, stated: "Summit has conducted a very well planned and executed exploration program to date at Flint Canyon. My initial examination of Flint Canyon drill samples shows features typically associated with a Carlin-type gold deposit, including silicification and disseminated fine grained pyrite which are present. We look forward to the continued testing of targets on the property and the analysis of the lab results that will follow."

About Flint Canyon

The 2015 and 2016 mapping at Flint Canyon found the faulting to be more complex than previously indicated on the Adair 1961 geologic base map. Summit's mapping program found that east-west orientated faults and fractures, which are important ore controlling structures at the Ticup and Star Mines, also occur in the area. The Flint Canyon area contains highly dissected fault blocks of the Dunderberg Shale with the underlying Marjum Limestone and overlying Notch Peak Limestone. The Pogonip Formation overlies the Notch Peak and both units are important host rocks for Carlin-type gold mineralization in east-central Nevada.

Jasperoid occurrences in Nevada are extremely significant in context to Carlin-type gold deposits and mineralized jasperoid outcrops are common throughout the Flint Canyon area. They occur principally along the base of the Dunderberg Shale, but other outcrops are found along the Pogonip-Notch Peak contact. Many major gold discoveries have been made based on the presence of outcropping, weakly mineralized jasperoid hosted in and along bedding contacts of carbonate rocks. At Flint Canyon, jasperoid is found in the same carbonate rocks that are prolific host rocks at nearby large gold deposits (Newmont Mining-Long Canyon and Kinross Gold Corporation-Bald Mountain deposits).

The jasperoid beds, interpreted as west dipping tabular features, occur along the base of the Dunderberg Shale and within the Pogonip group limestone. Summit's geological team indicates that the Dunderberg Shale is generally recessive and is exposed mainly along the outcropping contacts with more competent rocks. The Dunderberg appears to be moderately altered throughout its distribution, and, at Flint Canyon, it experienced widespread and significant alteration by hydrothermal fluids. The underlying Marjum Limestone is usually competent and unaltered, while the overlying Pogonip exhibits variable alteration.

Mineralization identified by this work is hosted within and extending out from silica bodies known as jasperoids formed at the Pogonip Limestone/Notch Peak Limestone contact, within the Dunderberg Shale, and within and extending out from jasperoids formed at the Dunderberg Shale/Marjum Limestone contact. Jasperoids form from silica and iron replacement of the limey component of rocks when warm springs carrying silica, iron and potentially metals such as gold circulate through the rock column. As the silica and iron rich waters percolate through the rock, the limey component of the rock dissolves, migrates away and redeposits as calcite veins (calcium carbonate) in areas outboard of the warm spring waters. The host rock, depending on its content of limey material, may form caves or even collapse as the limey component is flushed out. Collapse features have been noted in outcrop and in new road cuts in the anomaly areas of Flint Canyon. This event makes the rock more permeable and allows even more silica rich waters to flow in. As the waters flush in they begin to deposit silica and iron as jasperoids. Gold deposition can occur as part of this process and, in fact, has at Flint Canyon.

The Cherry Creek district, including Flint Canyon, is cut by very deep seated fault structures. These faults would have provided a very good plumbing system that allowed mineralizing waters to circulate through the rock column over a large area. In looking at the gold mineralized rock at Flint Canyon, one can see more than one event of silica, iron and likely gold introduction into the rock. Multiple events like this have been known to drive up the gold grade at other projects and may also have done so at Flint Canyon.

Qualified Persons

The scientific and technical information contained in this news release has been reviewed and approved by Dallas W. Davis, P.Eng, FEC, an independent consulting geologist who is a "Qualified Person" as such term is defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").

The exploration and drill programs are being managed by David Tretbar, Summit Exploration's Executive Vice President, Exploration and Mineral Resources, a Qualified Person as defined by NI 43-101. Mr. Tretbar is a registered Professional Geologist in Arizona (#48036) and a Certified Professional Geologist (CPG #11086) with the American Institute of Professional Geologists. Mr. Tretbar holds a Master's Degree in Geochemistry from the Mackay School of Mines, University of Nevada Reno.

About Viscount Mining (TSX VENTURE:VML) (OTCQB:VLMGF)

Viscount Mining is an exploration company with a portfolio of gold and silver properties in the Western United States, including Cherry Creek in Nevada and Silver Cliff in Colorado. Cherry Creek is comprised of more than 9,000 acres, all 100% owned, and includes more than 20 past producing mines. Viscount has entered into an exploration earn-in agreement with Sumitomo Corporation covering the Cherry Creek property. Sumitomo can earn in up to a 75% interest in the property by producing a feasibility study and by spending in addition a minimum of US$10,000,000 in exploration and development expenses by the eighth anniversary of the earn-in agreement. Silver Cliff in Colorado is comprised of 96 lode claims, covering much of the historical past-producing mineral districts of Silver Cliff and Rosita Hills.

For additional information regarding the above noted property and other corporate information, please visit the Company's website at www.viscountmining.com

About Sumitomo Corporation

Sumitomo Corporation is one of the largest integrated trading and investment companies in Japan. Sumitomo Corporation, a Fortune 500 company, conducts commodity transactions in all industries utilizing worldwide networks, provides related customers with various financing, serves as an organizer and a coordinator for various projects, and invests in businesses from the information industry to the retailing industry. Summit Mining Exploration, Inc. is a wholly-owned subsidiary of Sumitomo Corporation and is headquartered in Colorado, USA. For more information about Sumitomo Corporation, visit www.sumitomocorp.co.jp

ON BEHALF OF THE BOARD OF DIRECTORS

Jim MacKenzie, President, CEO and Director

For further information, please contact:

Viscount Investor Relations

Phone: 604-960-0535                                                                                                    

Email: info@viscountmining.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Viscount Mining Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Viscount Mining Corp. management on the date the statements are made. Except as required by law, Viscount Mining Corp. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

Viscount Mining Commences Drilling on the Silver Cliff Property in Colorado

PRESS RELEASE                                                                                             November 16, 2016

VANCOUVER, Canada –- Viscount Mining Corp. (TSX-V: VML) (OTCQB: VLMGF) (“Viscount” or “the Company”), is pleased to announce it has commenced drilling of its Silver Cliff property in the Hardscrabble Silver District in Custer County, Colorado (the "Property"). The drill program has the objective of confirming the historical documentation on one of the Silver Cliff deposits known as “Kate” and will also include angle holes which will test steeply dipping mineralized structures that have the potential for enhancing historical estimates based on vertical holes that tested flat-lying mineralized bodies.

In late July 2016, the Company completed over thirty line-miles of magnetic geophysical surveying. The resulting extensive data package has subsequently been compiled and clearly shows a good correlation between high magnetic responses and silver mineralization encountered by historical drilling. Not only do the high magnetic responses correlate with known silver mineralization, but there also are other high response zones that remain untested by the drilling.

In this first phase of core drilling, the Company intends to complete 10 holes totaling 2,000 feet (610 m). This program will begin to define the deposits. As stated in previous news releases, the Company on the basis of historical estimates has a target of 40 to 50 million ounces of silver on the Property. However, potential quantity and grade is conceptual in nature, as there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

Recent preliminary results of representative, continuous rock chip sampling and geological mapping at a scale of 1:240 around the perimeter of the 7960 bench in the existing aggregate pit shows that silver, manganese, lead, zinc, gallium, and indium are present. Only recently have indium and gallium become of great importance, with indium used in LCD televisions and computer monitors, and, gallium in medical devices, microwave circuits, high-speed switching circuits and infrared circuits. Semi-conductive gallium nitride and indium gallium nitride produce blue and violet light-emitting diodes (LED lights) and diode lasers.

Detailed geologic mapping at a scale of 1:1000 by Viscount geologists done in the vicinity of the Kate Deposit suggests that the polymetallic resource may be a combination of epithermal vein and a carbonate replacement deposit. Previous work considered the Kate Deposit to be of supergene origin. Supergene processes of enrichment produce ore deposits that occur relatively near the surface as opposed to hypogene processes which occur deeper below the earth's surface and result in deposits that are much later discovered after being exposed by erosion and by drilling.

The detailed mapping completed in October 2016 revealed a previously undocumented, silicified carbonate reef complex. The silicification indicates replacement by hydrothermal fluids. Further, both the Kate Deposit and the silicified carbonate reef occupy the same stratigraphic position, directly above an obsidian bed. If the carbonate reef was completely replaced by silica, it would be a very brittle rock, easily shattered by minor tectonic adjustments, creating a breccia whose matrix could become mineralized by hydrothermal fluids from an epi- or hypothermal feeder vein. The discovery of the carbonate reef complex has yielded a completely different genetic model for the Kate Deposit than that proposed by previous geologists.

Jim MacKenzie, Viscount President and CEO stated: "We are very pleased with the ongoing work program at Silver Cliff. With the detailed mapping just completed revealing a previously undocumented new reef complex, we made the decision to adjust the drilling schedule to further investigate this new reef. We are very excited as this newly identified complex represents a possible expansion of Silver Cliff."

About Silver Cliff Property

The Silver Cliff property lies within the historic Hardscrabble Silver District in Colorado. The Property consists of 96 lode claims where high grade silver, gold and base metal production came from numerous mines during the period 1878 to 1894. It is located 44 miles WSW of Pueblo Colorado and has year-around access by paved road. The property underwent substantial exploration between 1967 and 1984 for the purpose of defining mineral inventories. The major explorers were Freeport, Hecla, Homestake, Moly Corp, Coca Mines and Tenneco Minerals.

Silver Cliff is thought to overlie a large caldera and porphyry system which increases the prospect's potential to host a number of deposits from both precious metals to base metals. This has been demonstrated in the mineralogy and grade historically extracted from numerous underground mining operations dating back to the late 1800s and early 1900s.

Drilling in the 1980s by Tenneco resulted in a historical pre-feasibility study which formed the company's decision to put the property into production. Known historical silver grades range from below detection to a high of 2,125 g/t (68 o/t) Ag over 13.4 metres. Known historical gold grades range from below detection to a high of 9.06 g/t (0.29 o/t) Au over 1.2 metres. Plans were halted due to the restructuring of Tenneco after it was sold.

Qualified Persons

The scientific and technical information contained in this news release has been reviewed and approved by Dallas W. Davis, P.Eng, FEC, an independent consulting geologist who is a "Qualified Person" as such term is defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").

About Viscount Mining (TSX VENTURE: VML) (OTCQB: VLMGF)

Viscount Mining is an exploration company with a portfolio of gold and silver properties in the Western United States, including Cherry Creek in Nevada and Silver Cliff in Colorado. Cherry Creek is comprised of more than 9,000 acres, all 100% owned, and includes more than 20 past producing mines.  Viscount has entered into an exploration earn-in agreement with Sumitomo Corporation covering the Cherry Creek property.  Sumitomo can earn in up to a 75% interest in the property by producing a feasibility study and by spending in addition a minimum of US$10,000,000 in exploration and development expenses by the eighth anniversary of the earn-in agreement.  Silver Cliff in Colorado is comprised of 96 lode claims, covering much of the historical past-producing mineral districts of Silver Cliff and Rosita Hills.

For additional information regarding the above noted property and other corporate information, please visit the Company's website at www.viscountmining.com

ON BEHALF OF THE BOARD OF DIRECTORS             

“Jim MacKenzie”

           

President, CEO and Director                                                             

For further information, please contact:

Viscount Investor Relations

Phone: 604-960-0535                                                                                                    

Email: info@viscountmining.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Viscount Mining Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Viscount Mining Corp. management on the date the statements are made. Except as required by law, Viscount Mining Corp. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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