Vior names St-Jacques as CEO

2009-02-06 09:09 ET - News Release

Mr. Claude St-Jacques reports

VIOR INC.: APPOINTEMENT OF CLAUDE ST-JACQUES AS CHIEF OFFICER

Vior Inc. has apppointed Claude St-Jacques, chairman of the board of the company, as of today, as chief executive officer. Mr. St-Jacques is replacing Patrick Bradley, who has to deal with a health matter. Everyone in the company extends their best wishes to Mr. Bradley.

Mr. St-Jacques intends to refocus the company's activities on developing the Douay Ouest deposit,

which reveals a measured-plus-indicated mineral resources of 859,000 metric tons at 5.7 grams per tonne gold, according to a resource calculation done by Geostat Systems International Inc., a consulting independent firm (for more detail, see news issued in Stockwatch dated Nov. 7, 2007).

From Mr. St-Jacques's point of view, this deposit meets all requirements for a quick development.

With a gold price of $1,000 per ounce and with all infrastructures in place, the deposit offers an exceptional potential. The company is currently evaluating different scenarios to benefit from these favourable conditions.

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