VANCOUVER, Canada – Viscount Mining Corp. (TSX VENTURE: VML) (“Viscount” or “the Company”), a mineral resource development company with a portfolio of past producing silver mines and exploration properties on its wholly-owned land in Nevada, wishes to clarify certain statements and assertions made in its recent news release dated March 31, 2014.
In the aforementioned release, it should have been noted that the report was referenced in a previous Company release on November 18, 2013 and as such, should not have implied that the report was newly discovered, but should have stated that the data contained in the report had recently been fully interpreted.
Furthermore, the report which was authored in 1985 and identified as non 43-101 compliant, made reference to 46 samples which should have been identified as grab samples for proper perspective of their significance. Lastly, the statement by Dr. Lahti, Company VP of Exploration which stated “…positioning the project with additional large tonnages of silver and gold reserves,” is hereby retracted at the request of IIROC, as there has been no regulatory compliant feasibility study undertaken that would support the existence of current mineral resources on the property and that any reserves would de facto require the support of a positive feasibility study.
The company is pleased to clarify matters and further states that any lack of clarity was a regrettable oversight which is under internal review to ensure all future communications are consistently maintained to the standards and rules of the exchange.
About Viscount Mining (TSX-V: VML)
Viscount Mining is a development company with a portfolio of exploration properties in Nevada comprising of 2,700 acres (the majority of the claims are patented claims), all 100% owned including more than 20 past producing silver and gold mines. 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
President, CEO and Director
For further information, please contact:
Viscount Investor Relations
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.
Disclaimer for Forward-Looking Information:
Certain statements in this release are forward-looking statements, which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to the potential additional silver discovery at the Ticup Mine. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which management believes to be reasonable but which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a downturn in general economic conditions in North America and internationally, (2) the inherent uncertainties and speculative nature associated with mineral exploration and production, (3) a decreased demand for minerals, (4) any number of events or causes which may delay or cease exploration and development of the Company’s property interests, such as environmental liabilities, weather, mechanical failures, safety concerns and labor problems; (5) the risk that the Company does not execute its business plan, (6) inability to retain key employees, (7) inability to finance operations and growth, and (8) other factors beyond the Company’s control. These forward-looking statements are made as of the date of this news release and, except as required by law, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements