Viridian Metals Defines Mineralized Footprint Within 5km Conductor at Kraken with Final 2024 Drill Results

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CNW Group

Wed, Feb 26, 2025, 7:39 AM 10 min read

VANCOUVER, BC, Feb. 26, 2025 /CNW/ - Viridian Metals Inc. (CSE: VRDN) ( "Viridian") is pleased to announce the final results from its 2024 man-portable drilling program at the Kraken Project, confirming mineralization in two key zones within a 300m section of the Main Zone's 5km conductor. The program delivered many intercepts from surface, with grades exceeding expectations and reaching up to 1% CuEq¹ over significant widths. These results reinforce the potential for further expansion and provide data for advancing geological modeling and targeting future drilling along the broader system.

"These results exceed our expectations, confirming both the strong continuity of mineralization and the potential for future resource evaluation." stated Tyrell Sutherland President and CEO of Viridian. "With multiple intercepts extending from surface and exceeding expected grades, we are building a robust dataset that supports future geological modeling and evaluation."

Highlights (full results in Table 2 attached) from the newly released results at the Main Zone are below. Notably, holes 17-19, 21, and 22 encountered continuous mineralization from surface to the end of hole.

VKS24-008 20.9m @ 0.48% CuEq; (mineralized from surface)
- including 14.9m @ 0.61% CuEq
VKS24-009 19.0m@ 0.29% CuEq, (ended in 0.2% CuEq)
VKS24-017 19.6m @ 0.44% CuEq, (entire hole mineralized, ended in 0.2% CuEq)
VKS24-018 18.0m @ 0.69% CuEq, (entire hole mineralized, ended in 0.4% CuEq)
VKS24-019 6.8m @ 1.05% CuEq, (entire hole mineralized, ended in 1.5% CuEq)
VKS24-021 12.0m @ 0.79% CuEq, (entire hole mineralized, ended in 0.9% CuEq)
VKS24-022 2.8m @ 0.75% CuEq, (final Hole of 2024, ended in 1.1% CuEq)

Additionally, one hole was drilled at the Venus target 8km south of the Main Zone:

VKS24-016 2.9m @ 1.28% CuEq and 6.3m @ 0.44% CuEq (ended in 0.9% CuEq)

Viridian Metals has completed specific gravity measurements and full multi-element analysis on all samples to support future resource evaluation and geological modeling. Viridian also completed a check sampling program on drill core from 2023, specifically targeting areas without visible sulfides to confirm rock properties in unmineralized areas (see Table 3 attached). This check sampling further reinforces confidence in the geological model and aids a comprehensive understanding of the deposit. These efforts enhance our dataset and will contribute to ongoing geological modeling and project evaluation.

Figure 1: Map of the Main Zone with 2024 drill hole locations and intercept highlights (CNW Group/Viridian Metals)

Table 1: Significant intercepts from each new hole reported in this release

Drillhole Id		From (m)	To (m)	Width (m)	CuEq¹	Cu%	Ni%	Co%
VKS24-007	abandoned
VKS24-008		1.80	22.70	20.90	0.48 %	0.12 %	0.14 %	0.02 %
	including	7.80	22.70	14.90	0.61 %	0.15 %	0.17 %	0.04 %
VKS24-009		1.50	20.55	19.05	0.29 %	0.06 %	0.08 %	0.02 %
VKS24-010	No significant intercepts
VKS24-011	No significant intercepts
VKS24-012		1.00	16.40	15.40	0.17 %	0.04 %	0.04 %	0.01 %
VKS24-013	No Significant intercepts
VKS24-014		18.20	21.00	2.80	0.26 %	0.06 %	0.06 %	0.02 %
VKS24-015	No Significant intercepts
VKS24-016		0.00	2.90	2.90	1.28 %	0.21 %	0.43 %	0.05 %
VKS24-016	And	6.45	12.75	6.30	0.44 %	0.11 %	0.13 %	0.02 %
VKS24-017		0.00	19.60	19.60	0.44 %	0.12 %	0.12 %	0.02 %
VKS24-017	including	0.00	5.60	5.60	0.58 %	0.23 %	0.13 %	0.02 %
VKS24-018		0.00	18.00	18.00	0.69 %	0.15 %	0.20 %	0.03 %
VKS24-018	including	13.30	16.20	2.90	0.93 %	0.12 %	0.31 %	0.04 %
VKS24-019		0.00	6.85	6.85	1.05 %	0.19 %	0.33 %	0.05 %
VKS24-020	abandoned
VKS24-021		2.70	14.70	12.00	0.79 %	0.19 %	0.23 %	0.03 %
VKS24-021	including	6.90	14.70	7.80	0.98 %	0.22 %	0.29 %	0.04 %
VKS24-022		0.00	2.80	2.80	0.75 %	0.18 %	0.22 %	0.03 %

¹Copper Equivalent Calculation

CuEq represents CuEq calculated based on the following metal prices (USD): 4.00 $/lb Cu, 10.00 $/lb Ni and 22.50 $/lb Co., and a recovery grade of 80% for Ni and Co, consistent with comparable peers.

QA/QC

On receipt from the drill site AW-sized drill core was systematically logged for geological attributes, photographed and sampled at Viridian's Core Shack in Goose Bay, NL. Sample lengths as small as 0.25 m were used to isolate features of interest, but most samples within moderate to strong mineralization were 0.5-1.0 m in length. Core was cut in half lengthwise along a pre-determined line, with one half (same half, consistently, dictated by cut line where present) collected for analysis and one half stored as a record. Standard reference materials and blanks were inserted by Viridian personnel at regular intervals into the sample stream. Bagged samples were sealed with security tags to ensure integrity during transport. They were delivered by expeditor to Activation Labs' facility in Ancaster, ON.

Activation Labs is accredited to ISO/IEC 17025. Samples were dried, crushed (< 7 kg) up to 80% passing 2 mm using riffle split (250 g) and pulverized to 95% passing 105 µm (code RX1). A four-acid near-total digest with an inductively coupled plasma optical emission spectroscopy (ICP-OES) finish was used for 35-element analysis on 25 g sample pulps (code 1F2). Samples that were over the analyses limit for Co, Cu and Ni were reanalyzed using sodium peroxide fusion ICP (code 8-peroxide-icp-oes).

Qualified Person

Tyrell Sutherland, P.Geo, President and CEO of Viridian Metals, who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the technical disclosure contained in this news release.

About Viridian Metals

Viridian Metals is a generative exploration company focused on discovering new deposits of critical metals, with a primary emphasis on copper. Viridian leverages advanced exploration technologies and sustainable practices to supply metals crucial for the energy transition. Viridian is committed to responsible exploration, strong stakeholder relationships, and creating long-term value for shareholders.

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

Table 2: Results of final holes from 2024 drilling

Drillhole ID	Easting	Northing	Azimuth	Dip	Length (m)	From (m)	To (m)	Width (m)	Co%	Cu%	Ni%
VKS24-008	446094	6020476	70	69	23	1.8	3	1.2	0.01	0.07	0.05
						3	4.2	1.2	0.01	0.06	0.06
						4.2	5	0.8	0.01	0.05	0.06
						5	5.7	0.7	0.01	0.03	0.05
						6.55	7.8	1.25	0.01	0.04	0.05
						7.8	8.45	0.65	0.01	0.10	0.07
						8.45	9.6	1.15	0.05	0.21	0.36
						9.6	10.3	0.7	0.04	0.14	0.32
						10.3	11.45	1.15	0.01	0.08	0.06
						11.45	12.6	1.15	0.02	0.29	0.15
						12.6	13.3	0.7	0.05	0.26	0.38
						13.3	14.3	1	0.01	0.03	0.04
						14.3	15.3	1	0.01	0.06	0.06
						15.3	16.3	1	0.01	0.08	0.09
						16.3	17.3	1	0.02	0.08	0.11
						17.3	18	0.7	0.02	0.10	0.11
						18	18.65	0.65	0.03	0.19	0.19
						18.65	18.95	0.3	0.04	0.14	0.32
						18.95	19.7	0.75	0.01	0.11	0.09
						19.7	20.95	1.25	0.01	0.11	0.09
VKS24-008 Con't						20.95	21.35	0.4	0.10	0.34	0.75
						21.35	21.9	0.55	0.07	0.40	0.52
						21.9	22.4	0.5	0.01	0.04	0.03
						22.4	22.7	0.3	0.01	0.42	0.11
						22.7	23.15	0.45	0.00	0.04	0.01
VKS24-009	446048	6020461	102	59	21	1.5	3	1.5	0.02	0.05	0.08
						3	4.5	1.5	0.02	0.06	0.08
						4.5	5.55	1.05	0.02	0.06	0.08
						5.55	7	1.45	0.02	0.09	0.09
						7	8.35	1.35	0.02	0.07	0.10
						8.35	9.75	1.4	0.02	0.07	0.10
						9.75	11.25	1.5	0.02	0.07	0.09
						11.25	12.3	1.05	0.01	0.04	0.07
						12.3	13.15	0.85	0.02	0.07	0.09
						13.15	14.65	1.5	0.02	0.07	0.10
						14.65	16.15	1.5	0.01	0.05	0.06
						16.15	17.65	1.5	0.01	0.04	0.05
						17.65	18.35	0.7	0.01	0.04	0.05
						18.35	19.35	1	0.01	0.04	0.05
						19.35	19.75	0.4	0.02	0.05	0.09
						19.75	20.55	0.8	0.01	0.04	0.05
VKS24-010	446015	6020437	40	69	15	4.10	5.00	1	0.00	0.00	0.01
						5.00	6.00	1	0.01	0.01	0.01
						6.00	7.00	1	0.01	0.01	0.01
						7.00	8.00	1	0.01	0.02	0.01
						8.00	9.00	1	0.00	0.01	0.01
						9.00	10.00	1	0.00	0.01	0.01
						10.00	11.05	1	0.01	0.02	0.01
						11.05	11.90	1	0.01	0.02	0.01
						11.90	12.50	1	0.00	0.00	0.00
						12.50	13.70	1	0.00	0.00	0.00
						13.70	14.75	1	0.00	0.00	0.01
VKS24-011	446023	6020504	40	70	4.8	0.00	1.50	1.50	0.00	0.00	0.01
						1.50	3.00	1.50	0.00	0.01	0.01
						3.00	4.15	1.15	0.00	0.01	0.01
						4.15	4.75	0.60	0.01	0.04	0.02
VKS24-012	445927	6020503	30	69	17	0.00	1.00	1.00	0.01	0.01	0.01
						1.00	2.00	1.00	0.01	0.04	0.05
						2.00	3.00	1.00	0.01	0.05	0.05
						3.00	4.00	1.00	0.03	0.14	0.13
						4.00	5.00	1.00	0.01	0.04	0.04
						5.00	5.60	0.60	0.01	0.04	0.05
						5.60	6.25	0.65	0.01	0.02	0.03
						6.25	6.90	0.65	0.01	0.04	0.05
						6.90	7.50	0.60	0.01	0.05	0.05
						7.50	8.40	0.90	0.01	0.03	0.03
						8.40	9.65	1.25	0.01	0.03	0.03
						9.65	11.00	1.35	0.00	0.01	0.01
						11.00	11.90	0.90	0.01	0.04	0.03
						11.90	12.60	0.70	0.01	0.04	0.03
						12.60	13.40	0.80	0.01	0.02	0.01
						13.40	13.90	0.50	0.01	0.07	0.06
VKS24-012 Con't						13.90	14.55	0.65	0.01	0.06	0.05
						14.55	15.15	0.60	0.01	0.03	0.02
						15.15	15.55	0.40	0.01	0.09	0.05
						15.55	16.00	0.45	0.01	0.04	0.02
						16.00	16.40	0.40	0.01	0.05	0.04
						16.40	16.80	0.40	0.00	0.02	0.01
VKS24-013	445966	6020535	90	63	15	0.00	1.55	1.55	0.01	0.01	0.01
						1.55	2.80	1.25	0.01	0.01	0.01
						2.80	3.40	0.60	0.01	0.02	0.01
						3.40	4.40	1.00	0.01	0.02	0.02
						4.40	5.65	1.25	0.01	0.02	0.02
						5.65	7.00	1.35	0.01	0.01	0.01
						7.00	8.00	1.00	0.01	0.02	0.02
						8.00	9.25	1.25	0.01	0.03	0.03
						9.25	9.75	0.50	0.03	0.13	0.12
						9.75	10.75	1.00	0.01	0.04	0.04
						10.75	11.75	1.00	0.01	0.02	0.02
						11.75	12.75	1.00	0.01	0.01	0.01
						12.75	13.80	1.05	0.01	0.01	0.02
						13.80	15.05	1.25	0.01	0.01	0.02
VKS24-014	445900	6020581	70	75	24	0.00	1.50	1.50	0.01	0.02	0.02
						1.50	3.00	1.50	0.01	0.02	0.03
						3.00	4.50	1.50	0.01	0.02	0.02
						4.50	6.00	1.50	0.01	0.02	0.03
						6.00	7.15	1.15	0.01	0.03	0.03
						7.15	8.50	1.35	0.01	0.03	0.03
						8.50	9.50	1.00	0.01	0.02	0.02
						9.50	10.50	1.00	0.01	0.02	0.02
						10.50	11.50	1.00	0.01	0.03	0.02
						11.50	12.50	1.00	0.01	0.02	0.02
						12.50	13.50	1.00	0.01	0.02	0.02
						13.50	14.50	1.00	0.01	0.02	0.02
						14.50	15.50	1.00	0.01	0.02	0.02
						15.50	16.50	1.00	0.01	0.03	0.03
						16.50	17.55	1.05	0.01	0.02	0.03
						17.55	18.20	0.65	0.01	0.02	0.02
						18.20	19.10	0.90	0.02	0.07	0.08
						19.10	19.80	0.70	0.01	0.05	0.05
						19.80	20.50	0.70	0.01	0.07	0.05
						20.50	21.00	0.50	0.02	0.05	0.07
						21.00	22.00	1.00	0.01	0.02	0.03
						22.00	23.00	1.00	0.01	0.02	0.03
						23.00	23.85	0.85	0.01	0.02	0.02
VKS24-015	445863	6020492	60	78	13	0.00	1.10	1.10	0.01	0.01	0.02
						1.10	2.00	0.90	0.01	0.03	0.03
						2.00	3.00	1.00	0.01	0.01	0.01
						3.00	4.00	1.00	0.01	0.01	0.01
						4.00	5.00	1.00	0.00	0.01	0.02
						5.00	6.20	1.20	0.00	0.00	0.01
						6.20	7.10	0.90	0.01	0.03	0.02
						7.10	8.00	0.90	0.01	0.04	0.04
						8.00	9.00	1.00	0.01	0.02	0.03
VKS24-015 Con't						9.00	10.00	1.00	0.01	0.04	0.04
						10.00	11.00	1.00	0.01	0.04	0.05
						11.00	12.00	1.00	0.01	0.03	0.04
						12.00	13.25	1.25	0.01	0.03	0.03
VKS24-016	447831	6012289	50	70	13	0.00	1.00	1.00	0.08	0.42	0.68
						1.00	1.45	0.45	0.01	0.03	0.04
						1.45	1.85	0.40	0.12	0.10	1.31
						1.85	2.90	1.05	0.01	0.12	0.02
						2.90	3.60	0.70	0.01	0.01	0.01
						3.60	5.00	1.40	0.01	0.01	0.02
						5.00	6.45	1.45	0.01	0.01	0.01
						6.45	7.00	0.55	0.03	0.21	0.26
						7.00	8.00	1.00	0.01	0.10	0.03
						8.00	9.40	1.40	0.01	0.03	0.02
						9.40	10.00	0.60	0.01	0.04	0.07
						10.00	10.70	0.70	0.03	0.20	0.29
						10.70	11.45	0.75	0.01	0.08	0.10
						11.45	12.00	0.55	0.02	0.06	0.11
						12.00	12.75	0.75	0.03	0.22	0.28
VKS24-017	446121	6020725	40	68	20	0.00	1.00	1.00	0.02	0.47	0.09
						1.00	2.10	1.10	0.01	0.30	0.06
						2.10	3.00	0.90	0.04	0.23	0.28
						3.00	4.35	1.35	0.01	0.04	0.05
						4.35	5.60	1.25	0.03	0.19	0.20
						5.60	6.60	1.00	0.02	0.06	0.10
						6.60	7.40	0.80	0.02	0.04	0.06
						7.40	7.95	0.55	0.02	0.13	0.15
						7.95	8.80	0.85	0.02	0.06	0.11
						8.80	10.00	1.20	0.03	0.11	0.19
						10.00	11.00	1.00	0.02	0.16	0.13
						11.00	12.00	1.00	0.03	0.07	0.18
						12.00	13.50	1.50	0.01	0.08	0.09
						13.50	14.50	1.00	0.02	0.08	0.11
						14.50	15.50	1.00	0.02	0.10	0.10
						15.50	16.50	1.00	0.02	0.07	0.11
						16.50	17.20	0.70	0.01	0.05	0.06
						17.20	18.10	0.90	0.02	0.08	0.14
						18.10	19.60	1.50	0.01	0.03	0.05
VKS24-018	446040	6020487	28	72	18	0.00	1.00	1.00	0.01	0.09	0.08
						1.00	2.00	1.00	0.03	0.18	0.17
						2.00	3.00	1.00	0.03	0.20	0.22
						3.00	4.00	1.00	0.03	0.14	0.23
						4.00	4.75	0.75	0.02	0.61	0.15
						4.75	5.35	0.60	0.02	0.06	0.13
						5.35	6.45	1.10	0.04	0.10	0.26
						6.45	7.50	1.05	0.03	0.12	0.23
						7.50	8.50	1.00	0.03	0.13	0.21
						8.50	9.50	1.00	0.02	0.09	0.16
						9.50	10.50	1.00	0.04	0.14	0.27
						10.50	11.50	1.00	0.03	0.23	0.18
						11.50	12.50	1.00	0.03	0.14	0.22
						12.50	13.30	0.80	0.02	0.17	0.17
VKS24-018 Con't						13.30	14.00	0.70	0.07	0.11	0.53
						14.00	15.00	1.00	0.04	0.10	0.27
						15.00	15.70	0.70	0.03	0.12	0.18
						15.70	16.20	0.50	0.03	0.16	0.25
						16.20	17.00	0.80	0.02	0.10	0.11
						17.00	18.10	1.10	0.02	0.09	0.12
VKS24-019	446030	6020461	40	76	6.9	0.00	0.25	0.25	0.01	0.09	0.08
						0.25	1.25	1.00	0.04	0.27	0.27
						1.25	2.25	1.00	0.05	0.19	0.32
						2.25	2.75	0.50	0.10	0.07	0.77
						2.75	3.40	0.65	0.03	0.21	0.22
						3.40	4.00	0.60	0.03	0.33	0.21
						4.00	5.00	1.00	0.03	0.09	0.25
						5.00	6.05	1.05	0.06	0.21	0.45
						6.05	6.35	0.30	0.01	0.13	0.08
						6.35	6.85	0.50	0.07	0.18	0.51
VKS24-021	446133	6020697	40	68	15	2.70	3.95	1.25	0.01	0.05	0.07
						3.95	4.55	0.60	0.02	0.17	0.16
						4.55	5.45	0.90	0.04	0.31	0.30
						5.45	6.90	1.45	0.01	0.07	0.05
						6.90	8.00	1.10	0.05	0.24	0.36
						8.00	9.05	1.05	0.03	0.23	0.21
						9.05	9.95	0.90	0.03	0.21	0.26
						9.95	11.00	1.05	0.04	0.19	0.32
						11.00	12.00	1.00	0.04	0.19	0.28
						12.00	13.00	1.00	0.04	0.34	0.29
						13.00	14.00	1.00	0.04	0.21	0.33
						14.00	14.70	0.70	0.04	0.17	0.29
VKS24-022	446098	6020672	62	64	3	0.00	0.60	0.60	0.04	0.35	0.31
						0.60	1.10	0.50	0.01	0.05	0.03
						1.10	1.90	0.80	0.04	0.18	0.23
						1.90	2.50	0.60	0.03	0.15	0.17
						2.50	2.80	0.30	0.05	0.12	0.38

Table 3: Results from lithology sampling of drill core from 2023

Drillhole ID	Easting	Northing	Azimuth	Dip	Length (m)	From (m)	To (m)	Width (m)	Co%	Cu%	Ni%
VKD23-007	447245	6013875	30	80	155	6.5	8	1.50	0.01	0.01	0.01
						8	9.5	1.50	0.01	0.01	0.01
						9.5	11	1.50	0.01	0.01	0.01
						11	12.5	1.50	0.01	0.01	0.01
						12.5	14	1.50	0.01	0.01	0.01
						14	15.5	1.50	0.01	0.01	0.01
						15.5	17	1.50	0.01	0.01	0.01
						17	18.5	1.50	0.01	0.01	0.01
						18.5	20	1.50	0.01	0.01	0.01
						20	21.5	1.50	0.01	0.02	0.01
						21.5	23	1.50	0.01	0.01	0.01
						23	24.5	1.50	0.01	0.01	0.01
						24.5	26	1.50	0.01	0.01	0.01
						26	27	1.00	0.01	0.01	0.01
VKD23-007 cont'd						27	28	1.00	0.01	0.01	0.01
						28	29.4	1.40	0.01	0.01	0.01
						29.4	30.5	1.10	0.01	0.01	0.02
						30.5	32	1.50	0.00	0.01	0.01
						32	33.5	1.50	0.00	0.01	0.01
						33.5	34.5	1.00	0.00	0.01	0.01
						34.5	35.6	1.10	0.00	0.01	0.01
						35.6	37	1.40	0.01	0.01	0.01
						37	38.5	1.50	0.01	0.02	0.01
						38.5	40	1.50	0.01	0.01	0.00
						40	41.5	1.50	0.01	0.02	0.00
						41.5	43	1.50	0.01	0.02	0.01
						43	44.5	1.50	0.01	0.01	0.01
						44.5	46	1.50	0.01	0.02	0.01
						46	47.5	1.50	0.01	0.01	0.01
						47.5	49	1.50	0.01	0.02	0.01
						49	50.5	1.50	0.01	0.03	0.01
						50.5	52	1.50	0.01	0.02	0.01
						52	53.5	1.50	0.01	0.02	0.01
						53.5	55	1.50	0.01	0.06	0.01
						55	56.5	1.50	0.01	0.03	0.01
						56.5	58	1.50	0.01	0.04	0.01
						58	59.5	1.50	0.01	0.03	0.00
						59.5	61	1.50	0.01	0.02	0.01
						61	62.5	1.50	0.01	0.01	0.01
						62.5	64	1.50	0.01	0.02	0.01
						64	65.5	1.50	0.01	0.03	0.00
						65.5	67	1.50	0.01	0.02	0.01
						67	68.5	1.50	0.01	0.01	0.01
						68.5	70	1.50	0.01	0.01	0.01
						70	71.5	1.50	0.01	0.01	0.01
						71.5	73	1.50	0.01	0.02	0.01
						73	74.2	1.20	0.01	0.01	0.01
						74.2	75.5	1.30	0.00	0.01	0.01
						75.5	77	1.50	0.00	0.01	0.01
						77	78.5	1.50	0.00	0.01	0.01
						78.5	80	1.50	0.00	0.01	0.01
						80	81.5	1.50	0.00	0.01	0.01
						81.5	83	1.50	0.00	0.01	0.01
						83	84.1	1.10	0.00	0.01	0.01
						84.1	85.5	1.40	0.00	0.00	0.01
						85.5	87	1.50	0.00	0.01	0.01
						87	88.5	1.50	0.00	0.00	0.01
						88.5	90	1.50	0.00	0.00	0.01
						90	91.5	1.50	0.00	0.01	0.01
						91.5	93	1.50	0.00	0.00	0.01
						93	94.5	1.50	0.00	0.00	0.01
						94.5	96	1.50	0.00	0.01	0.01
						96	97.5	1.50	0.00	0.01	0.01
						97.5	99	1.50	0.00	0.00	0.01
						99	100.5	1.50	0.00	0.01	0.01
VKD23-007 cont'd						100.5	102	1.50	0.00	0.00	0.01
						102	103	1.00	0.00	0.01	0.00
						103	103.9	0.90	0.00	0.00	0.00
						103.9	105	1.10	0.00	0.01	0.01
						105	106.5	1.50	0.00	0.00	0.01
						106.5	108	1.50	0.00	0.00	0.01
						108	109.5	1.50	0.00	0.01	0.01
						109.5	111	1.50	0.00	0.01	0.01
						111	112.5	1.50	0.00	0.01	0.01
						112.5	114	1.50	0.00	0.01	0.01
						114	115.5	1.50	0.00	0.01	0.01
						115.5	117	1.50	0.00	0.01	0.01
						117	118.1	1.10	0.00	0.01	0.01
						118.1	119	0.90	0.01	0.01	0.01
						119	120	1.00	0.01	0.01	0.01
						120	121	1.00	0.00	0.01	0.02
						121	122.5	1.50	0.00	0.00	0.01
						122.5	124	1.50	0.00	0.00	0.01
						124	125.5	1.50	0.00	0.01	0.01
						125.5	127	1.50	0.00	0.01	0.01
						127	128.5	1.50	0.00	0.01	0.01
						128.5	130	1.50	0.00	0.01	0.01
						130	131.5	1.50	0.00	0.01	0.01
						131.5	133	1.50	0.00	0.01	0.01
						133	134.5	1.50	0.00	0.01	0.01
						134.5	136	1.50	0.00	0.01	0.01
						136	137.5	1.50	0.00	0.01	0.01
						137.5	139	1.50	0.00	0.01	0.02
						139	140.5	1.50	0.00	0.00	0.01
						140.5	142	1.50	0.00	0.01	0.01
						142	143.5	1.50	0.00	0.01	0.01
						143.5	145	1.50	0.00	0.01	0.01
						145	146.5	1.50	0.00	0.00	0.01
						146.5	148	1.50	0.00	0.01	0.01
						148	149.5	1.50	0.00	0.01	0.02
						149.5	151	1.50	0.00	0.00	0.01
						151	152.5	1.50	0.00	0.00	0.01
						152.5	154	1.50	0.00	0.01	0.02
						154	155	1.00	0.00	0.00	0.01
VKD23-005	446341	6015033	100	80	110	2.1	4.5	2.4	0.00	0.01	0.02
						4.5	6	1.5	0.00	0.01	0.01
						6	7.5	1.5	0.00	0.01	0.02
						7.5	8.5	1	0.00	0.01	0.02
						8.5	9.7	1.2	0.00	0.00	0.01
						9.7	11	1.3	0.00	0.02	0.02
						11	12.3	1.3	0.00	0.01	0.01
						12.3	13.5	1.2	0.01	0.02	0.02
VKD23-005 cont'd						13.5	15	1.5	0.00	0.01	0.02
						15	16.5	1.5	0.00	0.01	0.02
						16.5	18	1.5	0.00	0.00	0.02
						18	19	1	0.00	0.01	0.02
						19	20	1	0.00	0.00	0.02
						20	21.5	1.5	0.00	0.01	0.01
						21.5	23	1.5	0.00	0.01	0.01
						23	24	1	0.00	0.01	0.01
						24	25.2	1.2	0.00	0.00	0.01
						25.2	26.5	1.3	0.00	0.01	0.02
						26.5	28	1.5	0.00	0.00	0.02
						28	29.5	1.5	0.00	0.00	0.02
						29.5	31	1.5	0.00	0.01	0.01
						31	32.5	1.5	0.00	0.00	0.01
						32.5	34	1.5	0.01	0.00	0.02
						34	35.5	1.5	0.00	0.00	0.01
						35.5	37	1.5	0.00	0.01	0.01
						37	38.5	1.5	0.00	0.02	0.02
						38.5	40	1.5	0.00	0.01	0.02
						40	41.5	1.5	0.00	0.01	0.02
						41.5	43	1.5	0.01	0.01	0.02
						43	44.5	1.5	0.00	0.00	0.01
						44.5	46	1.5	0.00	0.00	0.01
						46	47.5	1.5	0.00	0.00	0.01
						47.5	49	1.5	0.00	0.00	0.01
						49	50.5	1.5	0.00	0.00	0.01
						50.5	52	1.5	0.00	0.01	0.01
						52	53.5	1.5	0.00	0.01	0.01
						53.5	55	1.5	0.01	0.01	0.01
						55	56.5	1.5	0.00	0.01	0.01
						56.5	58	1.5	0.00	0.01	0.01
						58	59.5	1.5	0.00	0.01	0.01
						59.5	61	1.5	0.00	0.01	0.01
						61	62.5	1.5	0.00	0.01	0.01
						62.5	64	1.5	0.00	0.01	0.01
						64	65.5	1.5	0.00	0.01	0.01
						65.5	67	1.5	0.00	0.01	0.01
						67	68.5	1.5	0.00	0.01	0.01
						68.5	70	1.5	0.00	0.01	0.01
						70	71	1	0.00	0.01	0.01
						71	72	1	0.01	0.01	0.01
VKD23-005 cont'd						72	73	1	0.01	0.01	0.01
						73	74	1	0.01	0.01	0.01
						74	75	1	0.01	0.01	0.01
						75	76	1	0.00	0.01	0.01
						76	77	1	0.00	0.01	0.01
						77	78	1	0.00	0.01	0.01
						78	79	1	0.00	0.00	0.01
						79	80	1	0.00	0.01	0.01
						80	81	1	0.00	0.01	0.01
						81	82	1	0.00	0.00	0.01
						82	83	1	0.01	0.01	0.01
						83	84	1	0.01	0.01	0.01
						84	85	1	0.00	0.01	0.01
						85	86	1	0.00	0.01	0.01
						86	87	1	0.00	0.01	0.01
						87	88	1	0.00	0.00	0.01
						88	89	1	0.00	0.00	0.01
						89	90	1	0.00	0.01	0.01
						90	91.5	1.5	0.00	0.00	0.00
						91.5	93	1.5	0.00	0.01	0.01
						93	94.5	1.5	0.00	0.00	0.00
						94.5	96	1.5	0.00	0.00	0.00
						96	97	1	0.01	0.02	0.01
						97	98	1	0.01	0.02	0.01
						98	99.5	1.5	0.00	0.00	0.01
						99.5	101	1.5	0.00	0.00	0.00
						101	102.5	1.5	0.00	0.00	0.00
						102.5	104	1.5	0.00	0.01	0.00
						104	105	1	0.00	0.00	0.01
						105	106.5	1.5	0.00	0.00	0.01

Cautionary Statement Regarding Forward Looking Information

This news release contains statements which constitute "forward-looking information" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Viridian with respect to future business activities and operating performance.

Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results "may", "could", "would", "might" or "will" (or other variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes, but is not limited to, information regarding: (i) the business plans and expectations of Viridian; and (ii) expectations for any future mineral production or exploration plans and (iii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of Viridian, to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to Viridian, including information obtained from third-party industry analysts and other third-party sources, and are based on management's current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement.

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects Viridian's current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances.

In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: precious metals price volatility, risks associated with Viridian's exploration activities, regulatory consent and permitting delays, risks relating to reliance on Viridian's management team and outside contractors; Viridian's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which Viridian operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises to Viridian; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; Viridian's interactions with surrounding communities; Viridian's ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of Viridian; litigation risk; the ongoing conflicts in Ukraine and the Middle East and any actions taken by other countries in response thereto, such as sanctions or export controls; and anticipated and unanticipated costs and other factors referenced in the Filing Statement of the Company dated October 28, 2024 and filed on the Viridian's SEDAR+ profile at www.sedarplus.ca (the "Filing Statement"), including, but not limited to, those set forth in the Filing Statement under the caption "Risk Factors".

Although Viridian has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein is made as of the date of this news release and, other than as required by law, Viridian disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.

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