Metallurgy & Processing

Vancouver, British Columbia, March 26, 2026 – ValOre Metals Corp. (“ValOre” or the “Company”) (TSX‐V: VO; OTCQB: KVLQF; Frankfurt: KEQ0) today provided an update on metallurgical test work underway at its 100%-owned Pedra Branca Platinum Group Elements (“PGE”) Project, located in Ceará State, Brazil.

ValOre’s testwork has focused on bioleaching and caustic pre-treatment followed by cyanidation demonstrating reproducible and encouraging extractions across both the weathered and chromitite composite materials.

In the latest phase, bioleaching achieved recoveries extractions of up to 73% platinum (“Pt”) and 74% palladium (“Pd”) from weathered material, while caustic pre-treatment tests on chromitite material returned extractions of up to 66% platinum and 79% palladium, supporting the potential for processing pathways for these important near-surface materials at Pedra Branca.

Highlights

• Bioleaching pre-treatment followed by cyanidation achieved extractions of 72.88% Pt and 74.07% Pd from weathered Esbarro deposit material over a 22-day leaching period;
• Consistent PGE extraction rates achieved by bioleaching support its continued evaluation as a promising processing pathway for the shallow, higher-grade weathered  material, which comprises approximately 30% of the total inferred resource PGE ounces at Pedra Branca (CLICK HERE to download 2022 NI 43-101 Resource Estimate Technical Report*);
• Caustic cracking followed by cyanidation achieved total extractions of 66.42% Pt and 78.81% Pd, highlighting the potential for a dedicated processing route for high-grade chromitite material; Massive chromitite material currently modelled represents approximately 5% of the total inferred resource at 2PGE+Au ranging from 6.4 to 8.5 g/t 2PGE+Au, reinforcing the importance of developing an effective treatment pathway;
• Upcoming test work will include stirred tank reactor testing and heap leach simulation trials to further evaluate both bioleaching and caustic cracking flowsheets in support of the planned PEA (CLICK HERE for for a summary of ValOre’s Phase II Metallurgical test work program).

ValOre’s ongoing metallurgical testwork programs aim to identify optimal processing pathways to recover PGEs from the Pedra Branca deposits as part of a planned Preliminary Economic Assessment (“PEA”) study, targeted for completion at the end of 2026.

Management Commentary

ValOre’s CEO Nick Smart commented:

“These results provide an important technical validation for the bioleach processing pathway at Pedra Branca. Achieving PGE extractions above 70% from weathered material through  successive test programs, with a notably shorter leaching period in the current round, demonstrates the reproducibility and potential of this approach. Bioleaching is a process that may also offer advantages in terms of reduced processing cost and environmental footprint. We look forward to further evaluating its potential as we advance toward our Pedra Branca Preliminary Economic Assessment.” 

Metallurgical Program Overview

ValOre’s metallurgical program, conducted by the University of Cape Town’s Department of Chemical Engineering (“UCT”) is evaluating two pre-treatment approaches —bioleaching and caustic cracking  — as potential methods to liberate PGEs from silicate and chromite-hosted mineral matrices prior to cyanide leaching. These tests are designed to reproduce earlier laboratory findings and advance process selection for weathered and chromitite material sourced from the Esbarro deposit at Pedra Branca. Two pre-treatment routes were evaluated: bioleaching, in which controlled bacterial activity breaks down mineral matrices prior to cyanidation; and caustic cracking, in which the material is leached in a hot caustic solution followed by cyanide leaching of the residue. Each method was benchmarked against a control test consisting of cyanide leaching only, with extractions measured by head grade-to-leachate comparisons for platinum and palladium.

Results and Summary

Bioleaching Pre-treatment: Bioleaching prior to cyanidation achieved extractions of 72.88% Pt and 74.07% Pd over a 22-day leaching period, consistent with previous results obtained over a 60-day leaching period. The rapid kinetics, high precious metals recoveries and reproducibility of these strong outcomes establish bioleaching as a promising pathway for enhanced PGE recovery from weathered material.

Caustic Pre-treatment: Caustic cracking followed by cyanidation on chromitite material achieved extractions of 66.42% Pt and 78.81% Pd, demonstrating strong performance and highlighting caustic cracking as a potentially effective and targeted processing route for high-grade chromitite mineralization. In contrast, caustic pre-treatment applied to the weathered material yielded extractions of 69.88% Pt and 12.81% Pd, confirming its limited effectiveness for this material type.

Next Steps

Building on these results, ValOre, together with lead process engineering consultant Lycopodium Ltd. will continue to advance metallurgical evaluation of the bioleaching pathway through additional test phases, including:

• Larger-scale tests utilizing stirred tank reactors, and assessment of alternative lixiviants to improve post-bioleaching PGE recovery (expected completion: Q3 2026);
• Column tests for heap leach simulation (expected completion: Q4 2026);
• Additional variability and scale-up caustic cracking testwork, including assessment of integration into a standalone or hybrid processing circuit;
• Evaluation of process economics and scalability for flowsheet development and preliminary design (expected completion: Q4 2026).

Sampling and Preparation

A Phase II metallurgical testwork program will be conducted on fresh and weathered composite samples derived from mineralized material selected from ValOre’s recent Trado® auger drilling campaigns over the Esbarro deposit (see news release dated July 2, 2025), together with selected mineralized drill core intervals from twin diamond drill holes completed by ValOre at the Curiu deposit in 2021 (see news release dated October 4, 2021).

Sample material has been selected to be broadly representative of both weathered and fresh mineralization domains within the Esbarro and Curiu deposits. The samples are intended to be indicative only of the specific mineralization types tested and may not be representative of the overall mineral resource present within the Pedra Branca project area.

Head grade determination and chemical characterization of the composite samples were completed by SGS Geosol Laboratories Ltda. (SGS Brazil) prior to shipment of the prepared material to the University of Cape Town’s Centre for Minerals Research (CMR), South Africa, for Phase II bioleaching and downstream metallurgical testwork.

The Esbarro and Curiu deposits host NI 43-101 compliant inferred mineral resources, as disclosed in ValOre’s news release dated March 24, 2022, of 403,000 ounces grading 1.16 g/t 2PGE+Au in 10.8 million tonnes and 150,000 ounces grading 2.20 g/t 2PGE+Au in 2.1 million tonnes, respectively.

Quality Assurance/Quality Control (“QA/QC”)

CLICK HERE for a summary of ValOre’s policies and procedures related to QA/QC and grade interval reporting.

Related News Releases

CLICK HERE for a summary of ValOre’s Phase II Metallurgical test work program for Pedra Branca, including highlights of the Phase I test work

CLICK HERE for the Announcement of Engineering Company Lycopodium as lead Process Engineering Consultant in support of a future Preliminary Economic Assessment (“PEA’)

Qualified Person (“QP”)

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Thiago Diniz, P.Geo., ValOre’s QP and Vice President of Exploration.

About ValOre Metals Corp.

ValOre Metals Corp. (TSX‐V: VO) is a Canadian company with a team aiming to deploy capital and knowledge on projects which benefit from substantial prior investment by previous owners, existence of high-value mineralization on a large scale, and the possibility of adding tangible value through exploration and innovation.

ValOre’s Pedra Branca Platinum Group Elements Project comprises 45 exploration licenses covering a total area of 51,096 hectares (126,260 acres) in northeastern Brazil. At Pedra Branca, 7 distinct PGE+Au deposit areas host, in aggregate, a 2022 NI 43-101 inferred resource of 2.198 Moz 2PGE+Au contained in 63.6 Mt grading 1.08 g/t 2PGE+Au. ValOre’s team believes the Pedra Branca project has significant exploration discovery and resource expansion potential. (CLICK HERE to download 2022 technical report* and CLICK HERE for news release dated March 24, 2022).

*The 2022 Technical Report is entitled “Independent Technical Report –Mineral Resource Update on the Pedra Branca PGE Project, Ceará State, Brazil” was prepared as a National Instrument 43-101 Technical Report on behalf of ValOre Metals Corp. with an effective date of March 08, 2022. The 2022 Technical Report by Independent qualified persons, Fábio Valério (P.Geo.) and Porfirio Cabaleiro (P.Eng.), of GE21, commissioned to complete the mineral resource estimate while Chris Kaye of Mine and Quarry Engineering Services Inc. (MQes), was commissioned to review the metallurgical information. The Mineral Resource estimates were prepared in accordance with the CIM Standards, and the CIM Guidelines, using geostatistical, plus economic and mining parameters appropriate to the deposit. Mineral Resources, which are not mineral reserves, do not have demonstrated economic viability, and may be materially affected by environmental, permitting, legal, marketing, and other relevant issues. Mineral Resources are based upon a cut-off grade of 0.4 g/t PGE+Au, correlated to Pd_eq grade of 0.35 g/t, and were limited by an economic pit built in Geovia Whittle 4.3 software and following the geometric and economic parameters as disclosed in the 2022 NI 43-101 Technical Report,

On behalf of the Board of Directors,

“Jim Paterson”

James R. Paterson, Chairman

ValOre Metals Corp.

For further information about ValOre Metals Corp., or this news release, please visit our website at www.valoremetals.com or contact Investor Relations at 778-819-4484, or by email at [email protected].

ValOre Metals Corp. is a proud member of Discovery Group. For more information please visit: http://www.discoverygroup.ca/

Neither the 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.

This news release contains “forward-looking statements” within the meaning of applicable securities laws. Although ValOre believes that the expectations reflected in its forward-looking statements are reasonable, such statements have been based on factors and assumptions concerning future events that may prove to be inaccurate. These factors and assumptions are based upon currently available information to ValOre. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. A number of important factors including those set forth in other public filings could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include the future operations of ValOre and economic factors. Readers are cautioned to not place undue reliance on forward-looking statements. The statements in this press release are made as of the date of this release and, except as required by applicable law, ValOre does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. ValOre undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of ValOre, or its financial or operating results or (as applicable), their securities.

Vancouver, British Columbia, February 09, 2026 – ValOre Metals Corp. (“ValOre”; TSX-V: VO, OTCQB: KVLQF, Frankfurt: KEQ0; “the Company”) today announced highlights of the Phase I metallurgical testwork (“Phase I Testwork”) and the commencement of the second phase of the metallurgical testwork campaign (“Phase II Testwork”), in partnership with the University of Cape Town’s Department of Chemical Engineering for its 100%-owned Pedra Branca Platinum Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil.

Metallurgical Testwork and Flowsheet Design

Phase II Testwork was recently approved by ValOre’s board of directors, as part of the technical work program supporting the preparation of a Preliminary Economic Assessment (“PEA”) for the Pedra Branca project, currently targeted for completion by the end of 2026. The metallurgical program is designed to expand upon the Phase I results and will focus on:

• Scaling up a novel bioleaching process being developed for the weathered mineralized material;
• Assessing the technical feasibility of low-capital-intensity heap leaching scenarios through column testing of weathered material;
• Evaluating the applicability of bioleaching to fresh mineralization; and
• Advancing conventional flotation and leaching testwork for fresh rock material representing primary mineralization typically found at depths below approximately 30 metres.

Testwork will be undertaken in parallel with, and will inform, ongoing process engineering and flowsheet development being carried out by Lycopodium (see news release dated December 22, 2025). Results from the Phase II metallurgical program will be incorporated into the planned PEA study.

Management Commentary

ValOre CEO, Nick Smart stated, “The Phase II testwork now underway builds on the encouraging Phase I proof of concept work carried out by UCT’s teams: Centre for Minerals Research (“CMR”), Centre for Bioprocess Engineering Research (CeBR) and Hydromet Research Group. Detailed mineralogical characterization identified that bioleaching pretreatment has the potential to improve PGE liberation from Pedra Branca weathered material prior to downstream recovery processes.”

Bioleaching, which uses a consortium of naturally occurring bacteria, has found increasingly widespread application in minerals processing, and accounts for up to 20% of global copper production¹. Bio pretreatment has been successfully applied to process refractory gold ores, producing over 36 million ounces of gold to date across 14 commercially operating gold mines².

Nick Smart continued, “Phase II Testwork will aim to validate and confirm the promising results indicated in Phase I at a larger scale and higher solids loading, in particular the potential of low-cost heap bioleaching and leaching as a viable processing method for the weathered PGE material.

This testwork, in conjunction with the engineering work being carried out by Lycopodium aims to demonstrate the technical and economic potential of our near-surface PGE deposit at Pedra Branca, which hosts an inferred mineral resource of 2.2 million ounces of 2 PGE + Au grading 1.08 g/t 2PGE+Au in 63 million tonnes*.”

Summary of Results from Phase I Metallurgical Tests

ValOre announced the commencement of metallurgical testwork at UCT on September 9, 2024 (see news release dated September 9, 2024), focusing initially on detailed mineralogical characterization followed by conventional flotation testing. Final reports have been received from UCT for the Phase I program, with result highlights below:

• Mineralogical Characterization:
  • Comprehensive mineralogical analyses were completed, providing critical input for process design;
  • For fresh material, work focused on PGE speciation and liberation, supporting flotation circuit design;
  • For weathered material, work identified the refractory nature of the mineralization and highlighted the potential for bioleaching to improve PGE recoveries.
• Flotation Testing on Fresh Material:
  • Phase I flotation testing, and preliminary empirical circuit modelling, indicated potential palladium and platinum recoveries in the range of 70 – 80%, consistent with results from previous flotation testwork carried out in 2024 at Blue Coast Research (see news release dated September 9, 2024);
  • Further testwork will be required in subsequent study phases to validate grind size, reagent selection, and to optimize recoveries and mass pull.
• Flotation Testing on Weathered and Chromitite Material:

• Phase I batch flotation tests on weathered material returned low recoveries across all conditions tested, confirming the refractory nature of this material.
• Phase II testwork will therefore focus on the bio-oxidation and leaching processes for weathered mineralization;

• Evaluation of Leaching Alternatives for Weathered material:
  • Based on the mineralogical assessment, ValOre and UCT identified opportunities for leaching and bioleaching as complementary recovery routes, particularly for weathered mineralization.
  • Preliminary Phase I shake flask tests demonstrated that bioleaching is effective at increasing iron liberation, potentially enhancing PGEs liberation from silicate minerals on the weathered material;
  • Phase II testwork program is planned to validate the process at larger scale and higher pulp densities, evaluate the potential for heap leaching and develop PEA-level process flowsheets.

Why This Matters to Investors

Metallurgy is an important technical derisking step on the path to project development and future cashflow. Positive, independently verified metallurgical testwork results inform processing route selections, validate recovery and cost assumptions and underpin economic assumptions.

At Pedra Branca the focus of the testwork and engineering design is on development of a capital efficient, and effective PGE recovery process, suited to best realize the value of the deposit.

Sampling and Preparation

The Phase II metallurgical testwork program will be conducted on fresh and weathered composite samples derived from mineralized material selected from ValOre’s recent Trado® auger drilling campaigns over the Esbarro deposit (see news release dated July 2, 2025), together with selected mineralized drill core intervals from twin diamond drill holes completed by ValOre at the Curiu deposit in 2021 (see news release dated October 4, 2021).

Sample material has been selected to be broadly representative of both weathered and fresh mineralization domains within the Esbarro and Curiu deposits. The samples are intended to be indicative only of the specific mineralization types tested and may not be representative of the overall mineral resource present within the Pedra Branca project area.

Head grade determination and chemical characterization of the composite samples were completed by SGS Geosol Laboratories Ltda. (SGS Brazil) prior to shipment of the prepared material to the University of Cape Town’s Centre for Minerals Research (CMR), South Africa, for Phase II bioleaching and downstream metallurgical testwork.

The Esbarro and Curiu deposits host NI 43-101 compliant inferred mineral resources, as disclosed in ValOre’s news release dated March 24, 2022, of 403,000 ounces grading 1.16 g/t 2PGE+Au in 10.8 million tonnes and 150,000 ounces grading 2.20 g/t 2PGE+Au in 2.1 million tonnes, respectively.

Qualified Person (“QP”)

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Thiago Diniz, P.Geo., ValOre’s QP and Vice President of Exploration.

About ValOre Metals Corp.

ValOre Metals Corp. ((TSX-V: VO, OTCQB: KVLQF, Frankfurt: KEQ0) is a Canadian company with a team aiming to deploy capital and knowledge on projects which benefit from substantial prior investment by previous owners, existence of high-value mineralization on a large scale, and the possibility of adding tangible value through exploration and innovation.

ValOre’s Pedra Branca Platinum Group Elements Project comprises 45 exploration licenses covering a total area of 51,096 hectares (126,260 acres) in northeastern Brazil. At Pedra Branca, 7 distinct PGE+Au deposit areas host, in aggregate, a 2022 NI 43-101 inferred resource of 2.198 Moz 2PGE+Au contained in 63.6 Mt grading 1.08 g/t 2PGE+Au. ValOre’s team believes the Pedra Branca project has significant exploration discovery and resource expansion potential. (CLICK HERE to download 2022 technical report* and CLICK HERE for news release dated March 24, 2022).

*The 2022 Technical Report is entitled “Independent Technical Report –Mineral Resource Update on the Pedra Branca PGE Project, Ceará State, Brazil” was prepared as a National Instrument 43-101 Technical Report on behalf of ValOre Metals Corp. with an effective date of March 08, 2022. The 2022 Technical Report by Independent qualified persons, Fábio Valério (P.Geo.) and Porfirio Cabaleiro (P.Eng.), of GE21, commissioned to complete the mineral resource estimate while Chris Kaye of Mine and Quarry Engineering Services Inc. (MQes), was commissioned to review the metallurgical information. The Mineral Resource estimates were prepared in accordance with the CIM Standards, and the CIM Guidelines, using geostatistical, plus economic and mining parameters appropriate to the deposit. Mineral Resources, which are not mineral reserves, do not have demonstrated economic viability, and may be materially affected by environmental, permitting, legal, marketing, and other relevant issues. Mineral Resources are based upon a cut-off grade of 0.4 g/t PGE+Au, correlated to Pd_eq grade of 0.35 g/t, and were limited by an economic pit built in Geovia Whittle 4.3 software and following the geometric and economic parameters as disclosed in the 2022 NI 43-101 Technical Report,

For further information about ValOre Metals Corp., or this news release, please visit our website at www.valoremetals.com or contact Investor Relations at 778-819-4484, or by email at [email protected].

ValOre Metals Corp. is a proud member of Discovery Group. For more information please visit: http://www.discoverygroup.ca/

Neither the 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.

This news release contains “forward-looking statements” within the meaning of applicable securities laws. Although ValOre believes that the expectations reflected in its forward-looking statements are reasonable, such statements have been based on factors and assumptions concerning future events that may prove to be inaccurate. These factors and assumptions are based upon currently available information to ValOre. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. A number of important factors including those set forth in other public filings could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include the future operations of ValOre and economic factors. Readers are cautioned to not place undue reliance on forward-looking statements. The statements in this press release are made as of the date of this release and, except as required by applicable law, ValOre does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. ValOre undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of ValOre, or its financial or operating results or (as applicable), their securities.

¹ https://doi.org/10.1111/1758-2229.70261
² https://doi.org/10.1007/s00253-022-12085-9

Vancouver, British Columbia, September 9, 2024 – ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTCQB: KVLQF; Frankfurt: KEQ0, “the Company”) today provided an update on recently completed metallurgical testwork for ValOre’s 100%-owned Pedra Branca Platinum Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil.

Thiago Diniz, ValOre’s V.P. of Exploration, stated: “The metallurgical and mineralogical programs completed to date have contributed considerably to our knowledge of the Pedra Branca PGE deposits. We are confident that the upcoming testwork, employing two separate strategies, will build on what we have learned related to the nature of our mineralized material and will add to the excellent work performed at the Blue Coast Research and Dundee Sustainable Technologies facilities.”

Key Points:

The metallurgical and mineralogical programs completed to date have revealed a fine-grained nature and a low-sulfide association for the platinum group minerals that form our mineralized zones. Based on this knowledge we have embarked on two strategies:

• Esbarro flotation testwork program to advance in partnership with the University of Cape Town, including a complete material characterization and rougher test conditions optimization considering lessons learned from previous Blue Coast Research (“Blue Coast”) program;
• Glycine leaching test to commence at Draslovka’s Perth Development Center, Australia, targeting improvement on palladium (“Pd”) and platinum (“Pt”) leaching extraction for the Esbarro Weathered material.

Metallurgical Testwork Update: Blue Coast Research and Dundee Sustainable Technologies

In 2023, ValOre started a broad metallurgical test program on composite samples from the Esbarro Deposit (mineral resource zone, having an Inferred Resource* totaling 403,000 oz at 1.16 g/t 2PGE+Au in 10.8 Mt of ore – CLICK HERE for News Release dated November 20^th, 2023);

These programs included cyanide leaching, flotation testwork and re-evaluation of gravity concentration, performed at Blue Coast facility; and amenability to the CLEVR Process™ at Dundee Sustainable Technologies (“Dundee”). Results are summarized below:

Flotation

• A series of rougher and cleaner flotation tests were performed on the three composite materials, varying baseline conditions established by previous testwork, such as grinding and pH conditions;
• Fresh material showed the highest rougher recoveries, reaching up to 79% Pt and 82% Pd recovery, most likely due to the greater level of sulfide minerals present within this material type;
• Reducing primary grind size from the baseline 53 micrometre (“µm”) to 38 µm, and lowering the rougher pH from baseline pH 10 to pH 4 improved Pd and Pt rougher recoveries, suggesting improved platinum group minerals (“PGM”) liberation;
• High recovery losses were reported to the cleaner flotation tails, which has been attributed to the fine-grained nature of the PGMs, and their close association with non-sulfide gangue;
• Additional mineralogical studies will be key for a better understanding of the current flotation results, and these are planned to be performed at the University of Cape Town, concurrent with the flotation testing, including evaluation of flotation feeds and concentrates, as described below.

Cyanidation

• Cyanide leaching testing successfully reduced sodium cyanide (NaCN) addition rates from baseline 20 g/L down to 1 g/L without significantly reducing Pd extraction;
• Pd cyanidation extraction ranged from 63% and 65% for the Weathered and Fresh composites, respectively, up to 88% for the Chromitite composite;
• Pt extraction was low and ranged from below detection limit in the Fresh composite to approximately 12% in the Chromitite composite;
• Heap leaching conditions were tested in 96-hour and extended 14-day bottle roll cyanidation tests, conducted at a coarser feed size, with overall low Pd extractions.

CLEVR Process™ (Dundee)

• Initial test results showed high Pd extractions for Fresh (83.5%) and Chromitite (90.5%) composites, while the Weathered material returned 60.9% Pd extraction. Pt extraction ranged from 20 to 25%.

Gravity

• Extended Gravity Recoverable Gold+PGE testwork showed low levels of gravity recoverable gold and PGE;
• Size-by-size recoveries indicated that most of the PGE recovery occurs in the finest size fractions, with gravity showing minor potential as a viable route to be considered for the Esbarro material.

New Flotation Testwork – University of Cape Town

• Flotation tests will be performed on the same material types from the Esbarro deposit – Fresh, Weathered and Chromitite composites – and will be guided by a comprehensive mineralogical study and material characterization, including:
  • Quantitative automated bulk mineralogy, major element chemistry XRF (X-ray fluorescence) and quantitative XRD (X-ray diffraction);
  • Confirmation of the PGM speciation, liberation, association and grain size for each of the flotation feed samples;
  • Determination of the PGE concentrations in selected silicate and sulfide minerals by LA-ICP-MS (Laser Ablation Inductively Coupled Mass Spectrometry), and quantification of the mineral grades for selected flotation concentrates;
• Following the preceding initial mineralogical and material characterization, flotation testwork will focus on improving the flotation recovery of the rougher stage for each composite sample;
• Variable parameters will include grind, pH, dispersant and co-collector, with assays to be performed on the concentrates and the tailings samples so that recovery, kinetics, mass pull and upgrade ratio can be assessed and compared.
• Testwork is estimated to be completed within 9 months.

Glycine Leaching Testwork – Draslovka

• In addition to the flotation program, ValOre is working with Draslovka on novel hydrometallurgical solutions for metal recovery from the Weathered material sample of the Esbarro deposit; Draslovka owns the patents to Glycine Leaching Technology (GLT);
• The program is estimated to be completed within 3 months.

About the Centre for Minerals Research, University of Cape Town

The Centre for Minerals Research (CMR) at the University of Cape Town is a multi-disciplinary, inter-departmental Research Centre based in the Department of Chemical Engineering. The Centre originated as a research group in 1980, focused mainly on the chemistry of the flotation process. In 2006 the Unit was accredited by the University as a Research Centre. The Centre for Minerals Research conducts research in the areas of comminution, classification, froth flotation and process mineralogy. Approximately 40% of research is conducted within laboratories, 40% on either pilot or industrial plants and 20% by computational methods. Professors Belinda McFadzean and Megan Becker will oversee the testwork on ValOre PGM samples. For more information, please visit https://ebe.uct.ac.za/minerals-research.

About Draslovka and the Glycine Leaching Technology

Draslovka is a company based in the Czech Republic that specializes in chemical technologies, products and services, particularly those used in the mining and metallurgical industries. Renowned for their expertise in the production of sodium cyanide and other chemicals used in gold extraction, Draslovka operates in over 80 countries worldwide. Its most important contribution to the sector is its Glycine Leaching Technology, the company’s proprietary technology that leaches metals in a more sustainable and economic manner. The GlyCat™ process, which is the leaching technology for precious metals, and is currently commercially in use for gold mining operation, combines glycine with sodium cyanide for the recovery of precious metals, and can reduce cyanide consumption by up to 90%, while minimizing or eliminating the need for cyanide detoxification. For more information, please visit https://www.draslovka.com/glt.

About Blue Coast Research and Dundee Sustainable Technologies

For more information on Blue Coast and Dundee, please refer to our news release dated November 20^th, 2023.

Qualified Person (“QP”)

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Thiago Diniz, P.Geo., ValOre’s QP and Vice President of Exploration.

About ValOre Metals Corp.

ValOre Metals Corp. (TSX‐V: VO) is a Canadian company with a team aiming to deploy capital and knowledge on projects which benefit from substantial prior investment by previous owners, existence of high-value mineralization on a large scale, and the possibility of adding tangible value through exploration and innovation.

ValOre’s Pedra Branca Platinum Group Elements Project comprises 45 exploration licenses covering a total area of 51,096 hectares (126,260 acres) in northeastern Brazil. At Pedra Branca, 7 distinct PGE+Au deposit areas host, in aggregate, a 2022 NI 43-101 inferred resource of 2.198 Moz 2PGE+Au contained in 63.6 Mt grading 1.08 g/t 2PGE+Au. ValOre’s team believes the Pedra Branca project has significant exploration discovery and resource expansion potential. (CLICK HERE to download 2022 technical report* and CLICK HERE for news release dated March 24, 2022).

*The 2022 Technical Report is entitled “Independent Technical Report –Mineral Resource Update on the Pedra Branca PGE Project, Ceará State, Brazil” was prepared as a National Instrument 43-101 Technical Report on behalf of ValOre Metals Corp. with an effective date of March 08, 2022. The 2022 Technical Report by Independent qualified persons, Fábio Valério (P.Geo.) and Porfirio Cabaleiro (P.Eng.), of GE21, commissioned to complete the mineral resource estimate while Chris Kaye of Mine and Quarry Engineering Services Inc. (MQes), was commissioned to review the metallurgical information. The Mineral Resource estimates were prepared in accordance with the CIM Standards, and the CIM Guidelines, using geostatistical, plus economic and mining parameters appropriate to the deposit. Mineral Resources, which are not mineral reserves, do not have demonstrated economic viability, and may be materially affected by environmental, permitting, legal, marketing, and other relevant issues. Mineral Resources are based upon a cut-off grade of 0.4 g/t PGE+Au, correlated to Pd_eq grade of 0.35 g/t, and were limited by an economic pit built in Geovia Whittle 4.3 software and following the geometric and economic parameters as disclosed in the 2022 NI 43-101 Technical Report,

On behalf of the Board of Directors,

“Jim Paterson”

James R. Paterson, Chairman and CEO

ValOre Metals Corp.

For further information about ValOre Metals Corp., or this news release, please visit our website at www.valoremetals.com or contact Investor Relations by email at [email protected].

ValOre Metals Corp. is a proud member of Discovery Group. For more information please visit: http://www.discoverygroup.ca/

Neither the 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.

This news release contains “forward-looking statements” within the meaning of applicable securities laws. Although ValOre believes that the expectations reflected in its forward-looking statements are reasonable, such statements have been based on factors and assumptions concerning future events that may prove to be inaccurate. These factors and assumptions are based upon currently available information to ValOre. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. A number of important factors including those set forth in other public filings could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include the future operations of ValOre and economic factors. Readers are cautioned to not place undue reliance on forward-looking statements. The statements in this press release are made as of the date of this release and, except as required by applicable law, ValOre does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. ValOre undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of ValOre, or its financial or operating results or (as applicable), their securities.

Vancouver, British Columbia, November 20^th, 2023 – ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTCQB: KVLQF; Frankfurt: KEQ0, “the Company”) today initiated a broad and comprehensive metallurgical testwork program for ValOre’s 100%-owned Pedra Branca Platinum Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil.

Thiago Diniz, Exploration Manager, ValOre Metals Corp., stated: “This metallurgical testwork program is designed to develop a flowsheet to treat palladium-platinum bearing material of Pedra Branca, with subsequent phases of testwork aimed at refining and optimizing the effective metallurgical processes for the other resource zones at Pedra Branca.”

Jim Paterson, Chairman and CEO added: “ValOre’s exploration team continues to successfully identify extensions to the known mineralization, as well as make new discoveries along the mineralized trend at Pedra Branca. Over the past 18 months, the Company has intensified its focus on advancing the metallurgical testwork to better reflect our improved understanding of the geology. We have advanced in a number of areas collaborating with some of the top experts in their respective fields and this work is now expanding.”

Program Highlights

The planned metallurgical program will focus on samples collected from the near surface, high-grade Esbarro Deposit (mineral resource zone, having an Inferred Resource* totaling 403,000 oz at 1.16 g/t 2PGE+Au in 10.8 Mt) and includes:

• Comparing PGE liberation and subsequent recovery utilizing different crushing and comminution techniques, including conventional crushing and VeRo Liberator® crushing technology;
• Re-evaluation of gravity concentration and cyanide leaching;
• Testwork on the CLEVR® process (Dundee Sustainable Technologies).

A total of 1,200 kilograms (“kg”) of three material types from the Esbarro Deposit, those being Chromitite, Fresh and Weathered materials, have been sampled and shipped to Blue Coast Research (“Blue Coast”), a metallurgical testwork laboratory located in Parksville, BC, Canada.

It is expected that this program will be the first phase of a larger program with later optimization conducted on flowsheet options that provide the greatest potential to maximize recoveries.

Subsequent phases will also include expansion of metallurgical testwork to other zones that comprise the Inferred Mineral Resource* at Pedra Branca.

“This broad program is based on an enhanced understanding of the host rock lithologies, PGE mineralogy, mineralization controls, and grade distributions of PGE that has been developed over the last few years by ValOre’s team. This has resulted in the classification of Chromitite as a third material type at Pedra Branca, in addition to the Weathered and Fresh material types. The distinct physical and chemical properties of each of the three mineralized rock classes will enable us to design the most appropriate processes to maximize recoveries,” added Mr. Diniz.

To support the material re-classification and help guide future process optimization, advanced mineralogical evaluation is on-going at SGS Canada in Lakefield, Ontario (“SGS”) on thin sections from selected drill core from Esbarro, Cedro, Curiu and Trapia deposits, which collectively form more than 85% of the 2022 Inferred Resource* at Pedra Branca.

The mineralogical studies include thin section microscopy, TIMA-X (Tescan Integrated Mineral Analyzer), and chemical assays, and will help to characterize palladium and platinum mineral assemblages and their associations with the three material types.

It is estimated that Phase 1 of the metallurgical testwork program will be completed in 6 months.

Previous Pedra Branca Metallurgical Testwork Programs Completed by ValOre

Since 2020, metallurgical test work programs performed on material from the Pedra Branca project have focused on testing Fresh and Weathered materials from the Curiu and Esbarro Deposits.

For more information on historical and ValOre’s metallurgical testwork programs please refer to the technical report published to Sedar on May 08th, 2022 in addition to the following news releases:

• March 14, 2022: ValOre Reports Recoveries of 82.9% for Platinum, 71% for Palladium and 85.2% for Gold on a locked cycle flotation test of a Fresh composite sample from the Curiu deposit;
• October 4, 2021: ValOre PGE Assays from Metallurgical Drilling at Pedra Branca Confirm Historical Drilling Averages in Curiu and Esbarro Zones;
• January 13, 2021: ValOre Reports Ore Sorting Potential for Pedra Branca PGE Project; 176.52 g/t 2PGE+Au in Historical Core Re-Assay;
• November 9, 2020: ValOre Reports Further Metallurgical Testing Results from Pedra Branca PGE Project: 91% palladium recoveries in cyanide leach and 82% platinum recovered in 32% mass in gravity sort on Curiu Core composites, comprising fresh mineralized rock types;
• November 2, 2020: ValOre Initiates Multi-Faceted Optimization Testwork at Pedra Branca and Receives Preliminary Platsol™ Metallurgical Recoveries of 93.4% for Palladium and 95.3% for Platinum on Curiu Core and Outcrop composites, comprising fresh and weathered mineralized rock types.

Figure 1: Long section of the Esbarro Deposit, showing location of the metallurgical twin holes sampled to form the Chromitite, Fresh and Weathered composite samples that will be subject to the testwork program. Dashed red line represents the modeled weathering surface, with approximately 45% of the 2022 Inferred Resource* at the Esbarro deposit modeled within the Weathered domain.

About Blue Coast Research

Blue Coast provides bankable metallurgical laboratory testwork and consulting services, with a 12,000 sq. ft. laboratory facility located in Parksville, BC, specialized in precious and base metals metallurgical flowsheet development, evaluating a wide range of processes and technologies including grinding, froth flotation and gravity concentration at scales from micro-testing to full continuous pilot plant. In addition, Blue Coast has extensive capability in cyanidation, including heap leach amenability testwork. For more information about Blue Coast Research, please CLICK HERE.

About CLEVR® process (Dundee Sustainable Technologies – “DST”)

The CLEVR® process uses sodium hypochlorite with a catalytic amount of sodium hypobromite in acidic conditions to put precious metals into solution. Contact time is short, and the process operates in a closed loop. All chemicals are recycled within the circuit and, if needed, sea water may be used and can be beneficial to the process. The tailings from the process are inert from toxic substances, sulfide depleted and non-acid generating, and as a result, meeting and/or exceeding environmental norms. DST’s process eliminates the need for a costly tailings pond and the risks of land failure. For more information about DST and the CLEVR® process, please CLICK HERE.

About VeRo Liberator®

The VeRo Liberator® technology applies high-velocity impacts to solve the problem of inefficient comminution and incomplete particle liberation and release. The groundbreaking VeRo Liberator® technology delivers high degrees of comminution, liberation, and release in just one quick flow-through operation and consumes significantly less energy than conventional comminution methods – the VeRo Liberator® also works dry. In its modular, scalable, and mobile structure, the VeRo Liberator® can be individually adapted for various operations. For more information about VeRo Liberator®, please CLICK HERE.

Quality Assurance/Quality Control (“QA/QC”)

CLICK HERE for a summary of ValOre’s policies and procedures related to QA/QC and grade interval reporting.

Qualified Person (“QP”)

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Thiago Diniz, P.Geo., ValOre’s QP and Exploration Manager.

ValOre Closes Previously Announced Re-Pricing of Options and Warrants

The TSX Venture Exchange (the “TSXV”) has approved repricing of ValOre’s convertible securities so as to reflect the new value of ValOre’s equity after completion of its disposition of the Angilak Property, with the exercise price of such securities being adjusted to equal the volume weighted average trading price of the common shares of ValOre on the TSXV from June 21, 2023, to June 29, 2023, being $0.10 (i.e. $0.0987). The new exercise price for both options and warrants will be $0.10.

The repricing is with respect to 6,600,000 stock options expiring December 9, 2024 and 22,069,166 warrants, with 9,166,666 of such warrants expiring November 17, 2023; 3,720,000 warrants expiring August 30, 2024; and 9,182,500 warrants expiring April 21, 2025.

The terms of the warrants have also been amended to include a mandatory acceleration provision (the "Acceleration Provision") as required under the policies of the TSXV pursuant to which, if for any ten consecutive trading days (the "Premium Trading Days") following the date hereof, the closing price of the Company's common shares on the TSXV exceeds $0.125, the expiry date of warrants will be accelerated such that holders will have 30 calendar days to exercise the warrants (if they have not first expired in the normal course).

The repricing of the warrants was approved by the disinterested shareholders of the Company, and by each warrant holder or pursuant to the terms and conditions of the Company’s warrant indenture dated November 17, 2021, as applicable.

Certain options and warrants are held by insiders and related parties, and as such, would constitute a related party transaction as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). However, such actions are exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the options and / or warrants, exceeds 25 per cent of the ValOre’s market capitalization.

Closing of Previously Announced Debt Settlement

The Company is also pleased to announce that further to the news release dated May 9th, 2023 and upon receipt of TSXV, the Company has on May 26th, 2023 completed its settlement of a portion of the fees payable to Canaccord Genuity Corp., being $400,219.09, by issuance of 1,793,900 shares of the Company at a price of $0.2231 per Company share.

About ValOre Metals Corp.

ValOre Metals Corp. (TSX‐V: VO) is a Canadian company with a team aiming to deploy capital and knowledge on projects which benefit from substantial prior investment by previous owners, existence of high-value mineralization on a large scale, and the possibility of adding tangible value through exploration and innovation.

ValOre’s Pedra Branca Platinum Group Elements Project comprises 52 exploration licenses covering a total area of 56,852 hectares (140,484 acres) in northeastern Brazil. At Pedra Branca, 7 distinct PGE+Au deposit areas host, in aggregate, a 2022 NI 43-101* inferred resource of 2.198 Moz 2PGE+Au contained in 63.6 Mt grading 1.08 g/t 2PGE+Au. ValOre’s team believes the Pedra Branca project has significant exploration discovery and resource expansion potential. (CLICK HERE to download 2022 technical report* and CLICK HERE for news release dated March 24, 2022).

*The 2022 Technical Report is entitled “Independent Technical Report –Mineral Resource Update on the Pedra Branca PGE Project, Ceará State, Brazil” was prepared as a National Instrument 43-101 Technical Report on behalf of ValOre Metals Corp. with an effective date of March 08, 2022. The 2022 Technical Report by Independent qualified persons, Fábio Valério (P.Geo.) and Porfirio Cabaleiro (P.Eng.), of GE21, commissioned to complete the mineral resource estimate while Chris Kaye of Mine and Quarry Engineering Services Inc. (MQes), was commissioned to review the metallurgical information.

On behalf of the Board of Directors,

“Jim Paterson”

James R. Paterson, Chairman and CEO

ValOre Metals Corp.

For further information about ValOre Metals Corp., or this news release, please visit our website at www.valoremetals.com or contact Investor Relations at [email protected].

ValOre Metals Corp. is a proud member of Discovery Group. For more information please visit: http://www.discoverygroup.ca/

Neither the 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.

This news release contains “forward-looking statements” within the meaning of applicable securities laws. Although ValOre believes that the expectations reflected in its forward-looking statements are reasonable, such statements have been based on factors and assumptions concerning future events that may prove to be inaccurate. These factors and assumptions are based upon currently available information to ValOre. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. A number of important factors including those set forth in other public filings could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include the future operations of ValOre and economic factors. Readers are cautioned to not place undue reliance on forward-looking statements. The statements in this press release are made as of the date of this release and, except as required by applicable law, ValOre does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. ValOre undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of ValOre, or its financial or operating results or (as applicable), their securities.

Vancouver, B.C. ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today provided an update on a metallurgical testwork program for ValOre’s 100%-owned Pedra Branca Platinum Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil.

“We are very encouraged by our first locked cycle flotation test that gave recoveries of 82.9% for platinum, 71% for palladium and 85.2% for gold on an unweathered sample from the Curiu PGE deposit, and have now started testwork on weathered Curiu material,” stated ValOre’s VP of Exploration, Colin Smith. “Once both fresh and weathered material flowsheets are established for Curiu, we will continue metallurgical testwork for our other Pedra Branca PGE deposits defined in ValOre’s 2022 resource re-estimation, which is expected this month.”

Highlights of the Metallurgical Testwork:

• Recoveries of 82.9% for platinum (Pt), 71% for palladium (Pd) and 85.2% for gold (Au) were achieved by the first locked cycle flotation test on a fresh, unweathered 30-kilogram (“kg”) sample composited from Curiu PGE deposit drill core;
• This locked cycle flotation test produced a concentrate grading 78.4 grams per tonne g/t 2PGE+Au;
• Based on the information available to date, no deleterious element thresholds were exceeded, and a detailed elemental analysis on the concentrate is underway.

2022 Locked Cycled Flotation Test  

One locked cycle flotation test was completed by ALS Metallurgy Kamloops (“ALS”) on a composite sample of fresh, unweathered Curiu PGE deposit dill core, following the completion of 22 rounds of recent flotation testwork to optimize flowsheet design. Recoveries of 82.9% for Pt, 71% for Pd and 85.2% for Au were achieved, resulting in a final concentrate grade of 78.4 g/t 2PGE+Au. Based on the information available to date, no deleterious element thresholds were exceeded, and a detailed elemental analysis on the concentrate is underway. Table 1 is a summary of test results from the locked cycle flotation test.

Table 1: Locked Cycle Flotation Test Results, ALS Metallurgy Kamloops

Testwork Commenced on Weathered and Blended Material

Flotation testwork has commenced on weathered and blended (fresh + weathered) composite samples of Curiu PGE deposit drill core, applying a similar flowsheet as used in the locked cycle flotation test. Preliminary results suggest that adjustments to the flowsheet will be required, after 5 rounds of floatation testwork on the weathered sample, and 2 rounds on the blended sample. No locked cycle tests have been performed on the weathered Curiu material to date.

2021 Metallurgical Drill Program

CLICK HERE for news release dated October 4, 2021, for assay results from the Esbarro and Curiu drill program, and CLICK HERE for news release dated January 18, 2022, for assay results from the Cedro drill program.

ALS Metallurgy Testwork Program

CLICK HERE for news release dated October 4, 2021, for more information regarding the ALS testwork program, and CLICK HERE for more information regarding ALS Metallurgy Kamloops.

Quality Control/Quality Assurance (“QA/QC”) and Grade Interval Reporting

CLICK HERE for a summary of ValOre’s policies and procedures related to QA/QC and grade interval reporting.

Qualified Person (QP)

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Colin Smith, P.Geo., ValOre’s QP and Vice President of Exploration.

About ValOre Metals Corp.

ValOre Metals Corp. (TSX‐V: VO) is a Canadian company with a portfolio of high‐quality exploration projects. ValOre’s team aims to deploy capital and knowledge on projects which benefit from substantial prior investment by previous owners, existence of high-value mineralization on a large scale, and the possibility of adding tangible value through exploration, process improvement, and innovation.

In May 2019, ValOre announced the acquisition of the Pedra Branca Platinum Group Elements (PGE) property, in Brazil, to bolster its existing Angilak uranium, Genesis/Hatchet uranium and Baffin gold projects in Canada.

The Pedra Branca PGE Project comprises 51 exploration licenses covering a total area of 55,984 hectares (138,339 acres) in northeastern Brazil. At Pedra Branca, 5 distinct PGE+Au deposit areas host, in aggregate, a current Inferred Resource of 1,067,000 ounces 2PGE+Au contained in 27.2 million tonnes grading 1.22 g/t 2PGE+Au (CLICK HERE for ValOre’s July 23, 2019 news release). All the currently known Pedra Branca inferred PGE resources are potentially open pittable.

Comprehensive exploration programs have demonstrated the "District Scale" potential of ValOre’s Angilak Property in Nunavut Territory, Canada that hosts the Lac 50 Trend having a current Inferred Resource of 2,831,000 tonnes grading 0.69% U₃O₈, totaling 43.3 million pounds U₃O₈. For disclosure related to the inferred resource for the Lac 50 Trend uranium deposits, please CLICK HERE for ValOre's news release dated March 1, 2013.

ValOre’s team has forged strong relationships with sophisticated resource sector investors and partner Nunavut Tunngavik Inc. (NTI) on both the Angilak and Baffin Gold Properties. ValOre was the first company to sign a comprehensive agreement to explore for uranium on Inuit Owned Lands in Nunavut Territory and is committed to building shareholder value while adhering to high levels of environmental and safety standards and proactive local community engagement.

On behalf of the Board of Directors,

“Jim Paterson”

James R. Paterson, Chairman and CEO

ValOre Metals Corp.

For further information about ValOre Metals Corp., or this news release, please visit our website at www.valoremetals.com or contact Investor Relations at 604.653.9464, or by email at [email protected].

ValOre Metals Corp. is a proud member of Discovery Group. For more information please visit: http://www.discoverygroup.ca/

Neither the 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.

This news release contains “forward-looking statements” within the meaning of applicable securities laws. Although ValOre believes that the expectations reflected in its forward-looking statements are reasonable, such statements have been based on factors and assumptions concerning future events that may prove to be inaccurate. These factors and assumptions are based upon currently available information to ValOre. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. A number of important factors including those set forth in other public filings could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include the future operations of ValOre and economic factors. Readers are cautioned to not place undue reliance on forward-looking statements. The statements in this press release are made as of the date of this release and, except as required by applicable law, ValOre does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. ValOre undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of ValOre, or its financial or operating results or (as applicable), their securities.