VML Viscount Mining Corp

Viscount Mining Corp. (TSX VENTURE:VML) (the "Company") announces that as a
result of a review by the British Columbia Securities Commission ("BCSC"), it is
issuing this news release to clarify and retract certain technical disclosure
regarding the Company's Cherry Creek project. 


The Company's previous disclosure includes estimates and information relating to
the Cherry Creek project that are or may be contrary to the requirements of
National Instrument 43-101 ("NI 43-101"), including the following:


Non-Compliant Disclosure of Historical Estimates 

The Company's website and its Winter 2014 investor presentation disclosed
historical estimates of tonnes, grade and contained metal, historical resource
and reserve estimates, and other statements that may have implied the existence
of a current resource or current reserve. In addition the Company's disclosure
referenced the terms "proven" and "semi-proven" in connection with historical
resources and reserves, which terms are not recognized by NI 43-101. In each
case, the disclosure was not supported by a current technical report prepared
under NI 43-101 as required for disclosure of current resources and current
reserves. Further, the disclosure did not provide the required cautionary
language and qualifications required under NI 43-101 for disclosure of
historical estimates. 


The disclosure on the website and in the Winter 2014 investor presentation was
derived from various sources of historical information relating to the Exchequer
Mine, New Century Mine and other information, including third party reports
prepared in 1932, 1980 and 1988. Those reports were not prepared in compliance
with the standards prescribed in NI 43-101. Historical estimates contained in
the Company's disclosure do not meet the standards required by NI 43-101 and do
not constitute current mineral resources or current mineral reserves. The
Company has not verified historical information relating to tonnage and grade,
or, resource and reserve estimates, that were previously disclosed by the
Company relating to the Cherry Creek project. Further the Company has not
completed sufficient work to classify any historical resource or reserve
estimate as a current mineral resource. 


The Company hereby retracts all disclosure on its website and in its Winter 2014
investor presentation of tonnage, grade and contained metal, disclosure of
historical resource or historical reserve estimates, and any statement implying
the existence of a current resource or current reserve, relating to the Cherry
Creek property. The Company's independent technical report entitled "Technical
Report of the Cherry Creek Project - White Pine County, Nevada" dated May 20,
2013 (the "Technical Report") (a copy of which is available on SEDAR at www.
sedar.com) reports a historical estimate of 47,000 tons grading 0.06 ounces per
ton gold and 24 ounces per ton silver. This news release does not retract this
historical estimate which is subject to the above cautionary language and
qualifications, has not been verified, and should not be relied upon. However,
this news release retracts a large quantity of "possible additional reserve
equivalent" disclosed in the "Summary" of the Technical Report, which is not
compliant with NI 43-101 and not disclosed or supported by other sections of the
Technical Report. . 


The Company advises that there are no known current resources or current
reserves on any of its mineral properties and as a result the economic viability
of the properties has not been demonstrated. Viscount advises readers not to
rely on retracted information, including historical information that has not
been qualified as required under NI 43-101, to the extent that such information
continues to be available in the public domain. 


In response to the above points the Company has temporarily suspended its
website, including the 2014 Winter investor presentation, pending a review and
update of the content. 


Non-Compliant Disclosure of Potential Grade & Quantity

The Company's March 31, 2014 news release discloses "that a very great potential
has come to light, positioning the project with additional large tonnages of
gold and silver reserves", relating to the Ticup-Fillmore and Star Mines areas
of the Cherry Creek project. The designation of a quantity of reserves is
premature or potentially misleading because the project has not advanced to a
stage where a pre-feasibility study of current resources, necessary to qualify a
reserve, can be undertaken. Furthermore, any disclosure of the quantity of
"potential" (an exploration target) requires prominent cautionary language, an
explanation of the basis for the target, and, tonnage and grade ranges, which
the above disclosure does not. 


The Company hereby retracts the disclosure in its March 31, 2014 news release
regarding the potential for tonnage of silver and gold reserves, which
statements are not supported by the Technical Report, and are not qualified in
the manner prescribed in NI 43-101. Such statements should not be relied upon.


Use of Promotional or Misleading Language

The Company's previous disclosure included statements that could be misleading
or promotional, including the following:




--  In the March 31, 2014 news release, the Company incorrectly concluded
    that a 1985 report by Michael Tognoni on the Ticup-Filmore and Star
    mines had not been known to exist and contained "previously unknown
    facts", even though the report had been listed as a reference in the
    Technical Report. 
--  In the March 31, 2014 news release, the Company used the terms "prolific
    silver potential", "very great potential", "additional large tonnages of
    silver and gold reserves", "game-changing opportunity", "significant
    reserve potential", and other similar terms, in reference to information
    reviewed by the Company from the Tognoni report. Those terms are
    promotional in nature, could be misleading and are not reliable
    indicators of future results. 
--  In its Winter 2014 investor presentation, the Company disclosed forward
    looking statements including: 
    --  the Company's plan to conduct an "extensive underground drill
        program... to develop NI 43-101 compliant silver reserves", 
    --  numerous references to "potential" for significant resources or
        reserves of silver and gold resources, reserves and tonnage. 



These statements are misleading as the Company must conduct extensive additional
work to establish mineral resources, and thereafter must obtain an independent
pre-feasibility or feasibility study to confirm the existence of mineral
reserves. As noted above, the Company does not have any current mineral
resources or reserves. There is no guarantee that the Company will be successful
in achieving either mineral resources, or, if successful, at thereafter
obtaining mineral reserves based on those resources.




--  In its website, the Winter 2014 investor presentation, and, the March
    31, 2014 news release, the Company discloses historical production
    results that are inconsistent in amounts, and in general all
    significantly higher than results reported in the Technical Report. The
    company retracts all estimates of historical mine production in excess
    of those supported by the Technical Report. 



The Company hereby retracts all such statements and disclosure on its website,
the Winter 2014 investor presentation and the March 31, 2014 news release, and,
advises readers not to rely on such statements or similar statements. A revised
website and investor presentation are being prepared to update the information
in compliance with NI 43-101.


Failure to Name a Qualified Person

In its website and Winter 2014 investor presentation, the Company did not
identify and disclose the relationship to the Company of a Qualified Person who
prepared or approved the technical disclosure as required under NI 43-101. 


This news release has been reviewed and approved by Dallas W. Davis, P.Eng.,
FEC, an independent consulting geologist and a Qualified Person as defined in NI
43-101.


About Viscount Mining 

Viscount Mining is a mineral exploration 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 please visit the company's website at
www.viscountmining.com. 


ON BEHALF OF THE BOARD OF DIRECTORS

Jim MacKenzie, President, CEO and Director

Viscount Mining Corp.

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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Viscount Mining Corp.
Investor Relations
604-960-0535
info@viscountmining.com
www.viscountmining.com

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