• Completed due diligence, confirming high-grade tungsten mineralization and strategic potential
• Rapid commencement of systematic exploration activities, including high-grade assays up to 14.7% WO3
• Established parallel workstreams to fast-track development towards commercial production

Viking Mines has delivered a strong quarterly performance, rapidly advancing its transformational entry into the US tungsten sector. The company completed due diligence on its Nevada tungsten portfolio, confirming the high-grade mineralization and strategic potential of the assets. Viking has commenced systematic exploration activities, including high-resolution geophysical surveys, 3D geological modeling, and a maiden drilling campaign planned for the June quarter. The exploration results have been outstanding, with face chip sampling at the Conquest Pit returning exceptional assays of up to 14.7% WO3. Metallurgical testwork has also delivered a premium 63.6% WO3 concentrate, highlighting the quality of the mineralization. Viking has further expanded its strategic landholding, securing the most prospective geological trends surrounding the key projects. The company has also established parallel workstreams with Tier-1 partners to compress the timeline and fast-track a path towards commercial production. With a strong cash position and a favorable tungsten price environment, Viking is well-positioned to unlock the significant 'blue-sky' potential of its expanded Nevada portfolio.

Viking is well-funded and strategically positioned to advance its 'fast-track' development strategy for its Nevada tungsten portfolio, amidst heightened global demand and a strong tungsten price environment. The company is focused on rapidly progressing towards drilling, validation, and potential resource definition, with the goal of fast-tracking a path to commercial production.