Viscount Mining Signs LOI to Acquire Prospective Silver Property in Colorado

Viscount Mining Corp. (TSX VENTURE:VML) ("Viscount" or "the Company"), a mineral
resource exploration company with a portfolio of past producing gold and silver
mines and exploration properties is pleased to announce its entry into a Letter
of Intent ("LOI") to conclude a lease to purchase agreement for a 96-claim
property known as Silver Cliff ("the Property") located in Custer County,
Colorado. 


The terms of the LOI include a lease to purchase agreement with a renewable
12-year term for 100% ownership of claims and includes a cash buyout clause with
provisions for an exchange of common stock including warrants, and provides for
a 2% net smelter royalty ("NSR") with optional buyout.


The Property lies within an historic silver district, where high grade silver
production came from numerous mines during the period 1878 to 1894. Silver
production was derived from both shear-vein zones in Tertiary volcanic units as
well as breccia pipes hosted in pre-Cambrian rocks located within and adjacent
to a Tertiary caldera or volcanic center. Lower grade halos are reported to
exist surrounding the high grade pipes and vein zones.


In summary, Hecla Mining bought-out the rights to the lands in 1993 from
previous owners, CoCa Mines. Low silver prices in the 1990s led to reduced
activity and ultimately to the release of many strategic claims by 1996.


The Company has access to historical data and other information on the Property
including extensive maps of the district showing claims, old mines, exploration
targets and prospects, locations of historic resource estimates drill holes,
township and infrastructure data. Target models for the prospect provided in the
available information include near-surface blanket-style mineralization and high
grade vein deposits which remain generally untested.


Based on the preliminary review of available data, the Company is of the view
that the Property merits additional exploration. Viscount geologists will be
visiting the property to determine next steps to verify the historical estimates
as necessary to reclassify them as a current resource under National Instrument
43-101, as well as test for additional mineralization along known zones and
explore for hitherto undetected zones. Additional information regarding the
prospect lands and project activities will soon be made available on the Company
website and in subsequent public news releases. 


Technical information in this news release has been approved by Dallas W. Davis,
PEng, FEC, an independent consulting geologist and a qualified person as defined
in NI 43-101.


About Viscount Mining (TSX VENTURE:VML) 

Viscount Mining is a exploration company with a portfolio of properties in the
Western United States including holdings in Nevada comprising 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 

Jim MacKenzie, President, CEO and Director

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Viscount Mining Corp.
Investor Relations
604-960-0535
[e-mail]
www.viscountmining.com