Pedra Branca Archives - Page 5 of 11

Vancouver, B.C. ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today announced Trado^® auger assay results from the Tróia target area (“Tróia”) at ValOre’s 100%-owned Pedra Branca Platinum Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil.

“The Tróia target represents another high-quality, near-surface zone of significant scale that is rapidly evolving into a compelling drill target,” stated ValOre’s VP of Exploration, Colin Smith. “Palladium and platinum mineralization occurs within a broad zone along a 1-kilometre trend that remains open in both directions of strike.”

Tróia Target Exploration Program Highlights:

Mineralization occurs within a 50- to 100-metre-wide zone, along a 1-kilometre-long trend with compelling geochemical and geophysical anomalies, and rock samples exceeding 23 g/t 2PGE+Au;
The Tróia target has been tested with 72 Trado^® auger holes (results received for 53), totaling 206 metres (“m”) and 7 trenches, totaling 400 m;
Target ultramafic rocks (“UM”) encountered in 19 Trado^® holes (62 m of the 206 m augered) and all 7 trenches, over geological trend of approximately 1 kilometre (“km”) in strike length;
Multiple PGE-mineralized Trado^® auger holes, including:
- 8.5 m grading 0.98 grams per tonne palladium + platinum + gold (“g/t 2PGE+Au”) from surface, including 4.0 m grading 1.44 g/t 2PGE+Au from 4.0 m depth
- 2.0 m grading 8.58 g/t 2PGE+Au from surface, including 1.0 m grading 15.93 g/t 2PGE+Au from surface
- 4.0 m grading 1.55 g/t 2PGE+Au from surface
- 3.8 m grading 1.64 g/t 2PGE+Au from surface;
Sampling and geological mapping of all 7 trenches are in progress.

Tróia 2022 Exploration Program

ValOre conducted detailed geological mapping and prospecting along the 1-km-long anomalous trend at Tróia, a target located 4.5 km north-northeast Massapê (129,000 oz 2PGE+Au grading 1.21 g/t in 3.31 Mt) and 8 km north of Trapia (885,000 oz 2PGE+Au grading 0.96 g/t in 27.8 Mt). The main Tróia zones were subsequently followed up with 72 Trado^® auger holes totaling 206 m, with UMs encountered in 19 Trado^® holes. Assays are pending for 19 of 72 holes. See Table 1 below for a summary of significant Trado^® assay results.

PGE assays previously reported from Trado^® auger drilling and rock sampling, including 23.01 g/t 2PGE+Au and 12.00 g/t 2PGE+Au (CLICK HERE for news release dated April 25, 2022), warranted follow-up trenching along 600 m of geological trend to confirm the presence of in-situ PGE mineralization. Seven trenches were excavated (400 m total length), with all exposing UM and UM-derived rock continuity along strike, with significant thickness chromitite-rich UMs in the central two trenches (TR22TR01 and TR22TR02 – see below for detailed plan map of the Tróia target priority area of interest, Figure 1). Trench sampling and mapping are in progress. See Figure 2 for photographs of the Tróia trenching program.

Table 1: Trado^® Auger Drilling Highlights for Tróia Target

Hole ID	From (m)	To (m)	Length (m)	2PGE+Au (g/t)	2PGE+Au Interval Summary
AD22TR02	0.0	8.5	8.5	0.98	8.5 m grading 0.98 g/t 2PGE+Au from surface incl. 4.0 m grading 1.44 g/t 2PGE+Au from 4.0 m
AD22TR02	4.0	8.0	4.0	1.44
AD22TR17A	0.0	3.0	3.0	0.65	3.0 m grading 0.65 g/t 2PGE+Au from surface
AD22TR23	0.0	2.0	2.0	8.58	2.0 m grading 8.58 g/t 2PGE+Au from surface incl. 1.0 m grading 15.93 g/t 2PGE+Au from surface
AD22TR23	0.0	1.0	1.0	15.93
AD22TR25A	0.0	5.0	5.0	0.38	5.0 m grading 0.38 g/t 2PGE+Au from surface
AD22CC02	0.0	4.0	4.0	1.55	4.0 m grading 1.55 g/t 2PGE+Au from surface
AD22CC06	0.0	3.8	3.8	1.64	3.8 m grading 1.64 g/t 2PGE+Au from surface
AD22CC07	0.0	2.0	2.0	0.18	2.0 m grading 0.18 g/t 2PGE+Au from surface

Figure 1: Tróia target plan map with high-grade Trado^® and rock samples highlighted.

Figure 2: Photographs of trench TR22TR01 at Tróia target (top picture, looking east), with trench wall sampling intervals (bottom center and bottom left pictures) and a sample of chromitite-rich ultramafic rock submitted for PGE assay (bottom right picture).

About the Trado^® Auger and Trenching Methodology

CLICK HERE for more information regarding Trado^® Auger and Trenching methodology.

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 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 (CLICK HERE for news release dated March 24, 2022). 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.

Vancouver, B.C. ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today announced soil geochemistry and Trado^® auger assay results from the Galante East target area at ValOre’s 100%-owned Pedra Branca Platinum Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil.

“Galante East represents the longest and most prospective undrilled trend at Pedra Branca, as evidenced by the 3-km-long cumulative palladium-platinum soil anomaly, and multiple high-grade Trado^® auger holes from ValOre’s first phase of exploration,” stated ValOre’s VP of Exploration, Colin Smith. “Immediate follow-up work has commenced, including infill soil sampling, additional Trado^® auger drilling, and trenching.”

Galante East Target Exploration Program Highlights:

Three-kilometre-long (“km”) cumulative palladium-platinum soil anomaly with no historical or ValOre drill holes;
Multiple PGE-mineralized Trado^® auger holes, including:
- 5.0 metres (”m”) grading 1.48 grams per tonne palladium + platinum + gold (“g/t 2PGE+Au”) from surface
- 2.0 m grading 2.95 g/t 2PGE+Au from surface
- 3.8 m grading 1.18 g/t 2PGE+Au from surface
- 5.5 m grading 0.80 g/t 2PGE+Au from surface
- 6.0 m grading 0.53 g/t 2PGE+Au from surface;
Exploration totals from the first phase at Galante East:
- 981 soil samples collected and assayed (20 km of soil lines)
- 92 Trado^® auger holes (255 m) with 275 samples assayed;
Follow-up exploration has commenced along the 3-km-long anomalous trend, including:
- Infill soil lines, interstitial to the 200-m-spaced ValOre lines
- Follow-up Trado^® auger drilling
- Trenching.

Galante East 2022 Exploration Program

The Galante East target is 3-km-long prospective geological corridor located 7 km south-southwest of Santo Amaro (153,000 oz 2PGE+Au grading 1.11 g/t in 4.3 Mt), and 10 km north-northeast of Curiu (150,000 oz 2PGE+Au grading 2.20 g/t in 2.1 Mt). Historical work at Galante East includes localized soil and rock sampling, geological mapping, and ground magnetics. A strong PGE deposit signature is evident throughout the compiled data.

ValOre initiated exploration at Galante East with a regional geological mapping and prospecting program, which corroborated and refined the historically mapped target ultramafic (“UM”) intrusions and supported the completion of a regional soil sampling and Trado^® auger campaign. The soil survey covered a geological trend of 3.75 km, on 200-m-spaced lines, with a total of 981 samples collected. In addition, 92 Trado^® auger holes (255 m) were drilled, targeting UM occurrences associated with the historical soil anomalies.

Soil assays defined palladium-platinum anomalies of approximately 3 km in cumulative length which is further supported by 19 mineralized Trado^® auger holes. Three high-priority zones were defined within the undrilled 3-km-trend for immediate follow up soil sampling, augering and trenching and have the potential to further delineate drill targets. See Figure 1 below for a plan map of Galante East, and Table 1 for a summary of Trado^® auger assay highlights.

The two southern zones extend along a geological trend of over 600 metres each (1.2 km total), with high-grade historical rock assays of up to 18.8 g/t 2PGE+Au, PGE-in-soils up to 900 ppb 2PGE+Au and high-grade Trado^® holes, including the two highest-grade auger holes reported in this release:

Trado^® auger hole AD22GE35: 5 m grading 1.48 g/t 2PGE+Au from surface;
Trado^® auger hole AD22GE02: 2 m grading 2.95 g/t 2PGE+Au from surface.

Follow-up Trado^® augering and trenching has commenced at the southern anomalies to further delineate the extent of near-surface PGE mineralization. The continuity of mineralization at depth is to be tested with the core and/or RC drill. Trado^® end of hole depths typically represent that the auger has entered impenetrable unweathered to less weathered bedrock, so it is common that mineralization and UMs remain fully open at depth and require follow-up drilling.

The northern soil anomaly extends over a trend of 1.8 km, with continuous palladium and platinum mineralization returned in soils and Trado^® holes. Follow-up soil sampling has commenced, with two additional soil lines infilling the 200-m-spaced lines from the regional survey.

Figure 1: Galante East target plan map with highlights of the first phase of geochemistry.

Table 1: Trado^® Assay Highlights, Galante East Target

Hole ID	From (m)	To (m)	Length (m)	2PGE+Au (g/t)	2PGE+Au Interval Summary
AD22GE02	0.00	2.00	2.00	2.95	2 m grading 2.95 g/t 2PGE+Au from surface
AD22GE04	0.00	1.00	1.00	0.23	1 m grading 0.23 g/t 2PGE+Au from surface
AD22GE14	2.00	3.00	1.00	0.67	1 m grading 0.67 g/t 2PGE+Au from 2 m
AD22GE16	0.00	5.50	5.50	0.80	5.5 m grading 0.80 g/t 2PGE+Au from surface
AD22GE17	0.00	6.00	6.00	0.53	6 m grading 0.53 g/t 2PGE+Au from surface
AD22GE18	0.00	6.00	6.00	0.32	6 m grading 0.32 g/t 2PGE+Au from surface
AD22GE20	1.00	2.00	1.00	0.34	1 m grading 0.34 g/t 2PGE+Au from 1 m
AD22GE28	0.00	1.00	1.00	0.37	1 m grading 0.37 g/t 2PGE+Au from surface
AD22GE29	0.00	2.00	2.00	0.59	2 m grading 0.59 g/t 2PGE+Au from surface
AD22GE35	0.00	5.00	5.00	1.48	5 m grading 1.48 g/t 2PGE+Au from surface
AD22GE39	0.00	1.00	1.00	0.35	1 m grading 0.35 g/t 2PGE+Au from surface
AD22GE41	0.00	3.40	3.40	0.37	3.4 m grading 0.37 g/t 2PGE+Au from surface
AD22GE43	0.00	1.80	1.80	0.29	1.8 m grading 0.29 g/t 2PGE+Au from surface
AD22GE59	1.00	4.00	3.00	0.41	3 m grading 0.41 g/t 2PGE+Au from 1 m
AD22GE63	1.00	5.00	4.00	0.22	4 m grading 0.22 g/t 2PGE+Au from 1 m
AD22GE68	0.00	3.00	3.00	0.55	3 m grading 0.55 g/t 2PGE+Au from surface
AD22GE77	0.00	4.00	4.00	0.40	4 m grading 0.40 g/t 2PGE+Au from surface
AD22GE84	0.00	3.80	3.80	1.18	3.8 m grading 1.18 g/t 2PGE+Au from surface
AD22GE85	0.00	6.00	6.00	0.17	6 m grading 0.17 g/t 2PGE+Au from surface

About the Trado^® Auger, Trenching and Soil Sampling Methodology

CLICK HERE for more information regarding Trado^® auger and trenching methodology, and CLICK HERE for more information regarding soil sampling and assay procedures.

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)

About ValOre Metals Corp.

On behalf of the Board of Directors,

“Jim Paterson”

James R. Paterson, Chairman and CEO

ValOre Metals Corp.

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

Vancouver, B.C. ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today announced high-grade rock assay results from the Tróia target area (“Tróia”) at ValOre’s 100%-owned Pedra Branca Platinum Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil.

“The Tróia target has excellent exploration upside, as evidenced by the high-grade palladium-platinum values from the initial outcrop and grab sample assay results released today,” stated ValOre’s VP of Exploration, Colin Smith. “The 1-kilometre-long trend is fully open along strike to in both directions and remains largely untested at depth. Detailed mapping, Trado^® drilling and trenching will further delineate this broad, high-grade, shallow intrusion, with the intention of advancing Tróia into a high priority drill target.”

Tróia Target Exploration Program Highlights:

Multiple high-grade PGE assay results from outcropping chromitites and mineralized ultramafic (“UM”) samples, including:
- 23.01 grams per tonne palladium + platinum + gold (“g/t 2PGE+Au”) – SAMPLE 103089
- 12.00 g/t 2PGE+Au – SAMPLE 103111
- 8.32 g/t 2PGE+Au – SAMPLE 103091
- 8.15 g/t 2PGE+Au – SAMPLE 103093
- 7.98 g/t 2PGE+Au – SAMPLE 103094
- 3.35 g/t 2PGE+Au – SAMPLE 103095
Mineralization occurs within a 50- to 100-metre-wide zone, along 1 kilometre (“km”) of geological trend, associated with compelling historical geochemical and geophysical anomalies;
Trado^® auger drilling is on-going at Tróia, with 46 auger holes (133 m) completed to date, with UMs encountered in 10 holes (assays pending);
Follow-up trenching will commence upon receipt and review of the Trado^® auger assays.

Tróia 2022 Exploration Program

ValOre conducted detailed geological mapping and prospecting along the 1-km-long anomalous trend at Tróia, a target located 4 km west of Cedro (453,000 oz 2PGE+Au grading 1.03 g/t in 13.6 Mt) and 6 km west of Esbarro, (403,000 oz 2PGE+Au grading 1.16 g/t in 10.8 Mt). The main Tróia zones were subsequently followed up with 46 Trado^® auger holes to date totaling 133 m (on-going), with UM encountered in 10 Trado^® holes (assays pending).

One shallow (49.8 m) historical diamond drill hole is present in the northern Tróia zone, with no PGEs reported; however, relogging of the historical core, combined with new field data, suggests that this hole was shut down at the top contact of the target UM intrusion, and therefore, excellent potential for mineralized continuity remains at depth.

A total of 13 outcrop and grab samples were collected and submitted for assay during the detailed prospecting and mapping campaign. An average grade of 5.02 g/t 2PGE+Au was returned, with 11 of 13 samples (85%) reporting PGEs, and 4 samples assays exceeding 8.00 g/t 2PGE+Au (high of 23.01 g/t 2PGE+Au, #103089). See Figure 1 below for a plan map of Tróia, Figure 2 for photographs of the high-grade outcrop and rock samples, and Table 1 for a table of rock sample assays reported herein.

Figure 1: Tróia target plan map with high-grade rock samples highlighted

Figure 2: Photographs of high-grade outcrop and rock samples from Tróia target. A: Outcrop sample 103011 (12.00 g/t 2PGE+Au). B: Grab sample 103089 (23.01 g/t 2PGE+Au).

Table 1: ValOre Rock Sample Assays, Tróia Target

SAMPLE	LITHO	Au (g/t)	Pd (g/t)	Pt (g/t)	2PGE+Au (g/t)
103089	Chromitite	0.13	14.15	8.73	23.01
103111	Chromitite	0.01	6.44	5.55	12.00
103091	Chromitite	0.08	3.63	4.61	8.32
103093	Chromitite	0.06	4.88	3.21	8.15
103094	Chromitite	0.04	3.19	4.75	7.98
103095	Chromitite	0.01	1.01	2.33	3.35
103090	UM-Derived	0.01	0.27	1.32	1.60
103092	UM-Derived	0.01	0.41	0.1	0.52
103112	UM-Derived	0.01	0.09	0.08	0.18
103097	UM-Derived	0.01	0.03	0.04	0.08
103096	UM-Derived	0.01	0.01	0.03	0.05
103098	UM-Derived	0.01	0.01	0.01	0.03
103110	UM-Derived	0.01	0.01	0.01	0.03

About the Trado^® Auger and Trenching methodology

CLICK HERE for more information regarding Trado^® Auger and Trenching methodology

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)

About ValOre Metals Corp.

On behalf of the Board of Directors,

“Jim Paterson”

James R. Paterson, Chairman and CEO

ValOre Metals Corp.

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

Vancouver, B.C. ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today announced initial trench channel sample assay results from the Ipueiras target area (“Ipueiras”) at ValOre’s 100%-owned Pedra Branca Platinum Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil. Ipueiras is located 10 kilometres (“km”) south of the Trapia deposit area, (885,000 oz 2PGE+Au grading 0.96 g/t in 28.8 Mt). ValOre has tested the target with 35 Trado^® auger holes and 4 trenches to date in 2022, following a detailed geological mapping and prospecting program.

“The Trado^® auger continues to guide ValOre geologists to significant discoveries property-wide, as demonstrated by the broad, high grade trench intervals from Ipueiras,” stated ValOre’s VP of Exploration, Colin Smith. “Excellent exploration upside remains with several >40 g/t 2PGE+Au rock samples occurring to the southwest of the trenched zone along a strong and consistent magnetic anomaly, defining a 2-kilometre-long undrilled mineralized trend.”

Ipueiras Trenching Highlights:

Two of four trenches returned significant intervals of PGE mineralization, including:
- 64 metres (“m”) grading 2.68 grams per tonne palladium + platinum + gold (“g/t 2PGE+Au”), including 25 m grading 4.65 g/t 2PGE+Au in trench TR22IP01;
- 38 m grading 2.14 g/t 2PGE+Au, including 15 m grading 4.45 g/t 2PGE+Au in trench TR22IP02;
Detailed follow-up mapping, Trado^® and trenching has commenced to further delineate this broad, high-grade, shallow ultramafic (“UM”) intrusion.

Ipueiras 2022 Trado^® Auger Drilling and Trenching Program

ValOre conducted detailed geological mapping and prospecting throughout the 2-km-long anomalous trend at Ipueiras, and followed up with 35 Trado^® auger holes (105 m), with reported PGE mineralization in 11 of 35 holes. CLICK HERE for news release dated March 31, 2022 and see Figure 1 below for a plan map of Ipueiras. Highlights of historic and ValOre high-grade rock samples collected throughout the area include grades over 40 g/t 2PGE+Au at the Southwest and Northeast Zones.

Figure 1: Ipueiras target ground mag anomaly extending for approximately 2 km along strike from southwest to northeast. High-grade rock and Trado^® auger assays highlighted in the two main Zones (Southwest and Northeast Zones).

Five shallow pre-ValOre diamond drill holes tested a portion of the northeast zone of Ipueiras, with PGE mineralization reported in 2 holes. Revised interpretations, based on new data from ValOre’s ongoing exploration program, demonstrate excellent potential for mineralization continuity at depth and along strike.

PGE-mineralized Trado^® auger results defined an area of focus within the Northeast Zone for priority follow up work, and was subsequently tested for in-situ PGE mineralization by excavation of 4 trenches totaling 189 m, covering a strike length of approximately 200 m. All 4 trenches confirmed UM and UM-derived rocks continuity along strike, with PGE mineralization reported in 3 of 4 trenches. Assays remain pending for trench TR22IP04.

Assay highlights include multiple high-grade PGE results from the two northernmost trenches associated with thick chromitites and chromitite-rich UMs, including:

TR22IP01: 64 m grading 2.68 g/t 2PGE+Au, including 25 m grading 4.65 g/t 2PGE+Au;
TR22IP02: 38 m grading 2.14 g/t 2PGE+Au, including 15 m grading 4.45 g/t 2PGE+Au;
TR22IP03*: 2.0 m grading 0.37 g/t 2PGE+Au (* assays pending for final 5.0 m).

See Figure 2 below for a plan map with trench locations at the Northeaster Zone at Ipueiras; Figure 3 for pictures of the Ipueiras trenches, with detailed photographs highlighting chromitite occurring in the area; and Figures 4A and 4B for detailed trench cross sections. Reported trench assay interval lengths are channel samples and estimated to represent 70-80% true width.

High-grade PGE assays from historical and ValOre samples, in addition to Trado^® auger holes drilled by ValOre at the Southwest Zone of the Ipueiras trend are interpreted to be correlative with the high-grade UMs and chromitite reefs exposed in trenches TR22IP01 and TR22IP02, extending known PGE mineralization and exploration upside for an additional 2 km to the southwest of the existing historical core drilling and trench area.

Detailed follow-up mapping, Trado^® and trenching has commenced to further delineate this broad anomalous trend.

Figure 2: Trench location at the Northeast Zone of Ipueiras. Highlights for high grade rock samples and Trado^® auger drilling.

Figure 3: A. Overview of trench TR22IP01, totaling 71 m from northwest to southeast. B. Chromitite boulders marking an outcropping area of approximately 100 m along trend by 30 m wide crosscut by, and outcrop within, trenches TR22IP01 and TR22IP02. C. Detailed photograph of the high PGE grade chromitites.

Figure 4A: Cross section highlighting assays channel results for Trench TR22IP01 and coincident Trado^® auger holes.

Figure 4B: Cross section highlighting assays channel results for Trench TR22IP01 and coincident Trado^® auger holes.

About the Trado^® Auger

CLICK HERE for more information regarding Trado^® Auger and Trenching methodology

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)

About ValOre Metals Corp.

On behalf of the Board of Directors,

“Jim Paterson”

James R. Paterson, Chairman and CEO

ValOre Metals Corp.

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

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

The two Trado^® augers give ValOre’s team tremendous mobility to identify shallow mineralization and prospective geology under cover throughout the Pedra Branca district, serving to rapidly advance prospective anomalies into compelling drill targets,” stated ValOre’s VP of Exploration, Colin Smith. “Our productivity levels have risen dramatically as we utilize two Trado^® crews to systematically test targets in the discovery pipeline. This method is demonstrating tangible dividends as shown in the recent 106% growth in inferred resources to 2.2 Moz 2PGE+Au, announced early in March.”

Q1 2022 Discovery Pipeline Exploration Highlights:

Ipueiras target, 10 kilometres (“km”) south of the Trapia deposit area, (885,000 oz 2PGE+Au grading 0.96 g/t in 28.8 Mt) tested with 35 Trado^® auger holes in 105 metres (“m”) and 4 trenches (189 m);
- Target ultramafic rocks (“UM”) encountered in 16 Trado^® holes (59m of the 105 m augered) and all 4 trenches, over geological trend of approximately 2.5 km in strike length;
- Trado^® auger drilling returned PGE mineralization in assay results in 11 of 35 holes, including:
  - 8 m grading 1.13 g/t 2PGE+Au from surface, including 1 m at 5.48 g/t 2PGE+Au from surface;
  - 8 m grading 1.29 g/t 2PGE+Au from surface, including 1 m at 4.22 g/t 2PGE+Au from 7 m;
  - 7 m grading 1.37 g/t 2PGE+Au from surface;
  - 4 m grading 1.03 g/t 2PGE+Au from surface;
Galante East target, 5 km south of Santo Amaro deposit area (153,000 oz 2PGE+Au grading 1.11 g/t in 4.3 Mt), tested with 86 Trado^® auger holes (243 m)
- UM encountered in 32 Trado^® holes (95m of the 243 m augered) along geological trend of approximately 2.8 km in strike length, assays pending;
- Extensive soil survey program completed (1,070 soil samples in ~20 km of soil lines), assays pending;
Two new zones defined for regional exploration targeting methodology, with geological, geochemical and geophysical signatures similar to known PGE deposits:
- Troia, located 5 km north of Massapê, (129,000 oz 2PGE+Au grading 1.21 g/t in 3.3 Mt)
- Catingueiro, located approximately 5 km south of Trapia;
Soil and Trado^® assays from Galante East target, and Trench assays from Ipueiras target are pending.

Ipueiras and Galante East Target 2022 Exploration: Trenching, Trado^® Auger Drilling, Rock and Soil Sampling

Compilation and review of historical data from Ipueiras and Galante East targets revealed considerable geochemical, geophysical, and geological similarities to the PGE deposits which comprise ValOre’s current NI 43-101 inferred resource, and consequently these targets were designated as high priority. The application of ValOre’s proven and effective systematic exploration methodology is being deployed and will serve to rapidly advance Ipueiras and Galante East to drill-ready stage (CLICK HERE for news release dated July 12, 2021).

Ipueiras

The Ipueiras target area is characterized by strong historical PGE-in-soil anomalies, high-grade historical and ValOre surface grab samples (including several samples >10 g/t 2PGE+Au over 2.5 km of geological trend), a compelling >2-km-long magnetic anomaly, and PGE mineralization in 2 of 6 historical core drill holes.

ValOre conducted detailed geological mapping and prospecting of the 2.5 km-long trend and followed-up with 35 Trado^® auger holes (105 m total, equating to 111 samples). At-surface, PGE-bearing UM or UM-derived rocks were intercepted in 11 of 35 Trado^® holes, confirming the presence of in-situ surface PGE mineralization along a geological trend of approximately 2.5 km. See below for a plan map of the Ipueiras target (Figures 1a and 1b).

Trado^® auger assay highlights include holes AD22IP04, which returned 8 m at 1.13 g/t 2PGE+Au from surface, including 1 m at 5.48 g/t 2PGE+Au from surface, and hole AD22IP05 which returned 8 m at 1.29 g/t 2PGE+Au including 1 m at 4.22 g/t 2PGE+Au from 7 m depth. End-of-hole depths typically represent the onset of impenetrable unweathered to less weathered bedrock, indicating that mineralization and UMs remain fully open at depth and require follow-up core or Reverse Circulation (“RC”) drilling. See Table 1 below for a summary of significant Trado^® assay results.

Table 1: Trado^® Auger Drilling Highlights for Ipueiras Target

Hole ID	From (m)	To (m)	Length (m)	2PGE+Au (g/t)	2PGE+Au Interval Summary
AD22IP04	0.00	8.00	8.00	1.13	8 m grading 1.13 g/t 2PGE+Au from surface incl. 1 m grading 5.48 g/t 2PGE+Au from surface
AD22IP04	0.00	1.00	1.00	5.48
AD22IP05	0.00	8.00	8.00	1.29	8 m grading 1.29 g/t 2PGE+Au from surface incl. 1 m grading 4.22 g/t 2PGE+Au from 7 m
AD22IP05	7.00	8.00	1.00	4.22
AD22IP06	0.00	4.00	4.00	1.06	4 m grading 1.06 g/t 2PGE+Au from surface
AD22IP07	0.00	1.00	1.00	0.86	1 m grading 0.86 g/t 2PGE+Au from surface
AD22IP09	0.00	1.00	1.00	0.47	1 m grading 0.47 g/t 2PGE+Au from surface
AD22IP10	0.00	2.00	2.00	0.37	2 m grading 0.37 g/t 2PGE+Au from surface
AD22IP10A	0.00	7.00	7.00	1.37	7 m grading 1.37 g/t 2PGE+Au from surface
AD22IP14	0.00	3.00	3.00	1.07	3 m grading 1.07 g/t 2PGE+Au from surface
AD22IP21	2.00	3.00	1.00	0.26	1 m grading 0.26 g/t 2PGE+Au from 2 m
AD22IP31	1.00	4.00	3.00	0.47	3 m grading 0.47 g/t 2PGE+Au from 1 m
AD22IP33	0.00	8.50	8.50	0.39	8.5 m grading 0.39 g/t 2PGE+Au from surface

Based on the main PGE assays reported from Trado^® auger drilling, follow up trenching was defined to a priority area spanning 300 m along geological trend, to confirm the presence of in-situ PGE mineralization. Total of 4 trenches were excavated (189 m total) with trenches confirming UM and UM-derived rocks continuity along strike, with significant thickness of chromitites and chromitite-rich UMs in the northernmost two trenches (TR22IP01 and TR22IP02 – see below for detailed plan map of the Ipueiras target priority area of interest, Figures 1a and 1b). Trench assays are pending.

Figure 1a: Ground Mag Anomaly and Trado^® Drilling at Ipueiras Target

Figure 1b : Detailed Target Map of Ipueiras, with Trado^® Drilling Results and Trenching

Galante East

Galante East is an undrilled pipeline target located approximately 5 km south of Santo Amaro area. The target is characterized by several chromite-bearing ultramafic occurrences over a geological trend of approximately 3 km, deposit-signature historical PGE-in-soil anomaly, and multiple grab samples >1.0 g/t 2PGE+Au (high of 18.8 g/t 2PGE+Au).

Galante East exploration was initiated with a 2022 soil sampling campaign of more than 1,000 samples collected along 20 km of soil lines covering the 3 km prospective geological trend. A subsequent Trado^® auger program, currently in progress, accounts for 86 Trado^® auger holes (243 m) drilled to date. Target UMs were encountered in 32 Trado^® holes (95 of the 243 m augered). Both the soils and Trado^® assays are pending.

Upon receipt and review of Trado^® and soils assay data, priority areas at Galante East will be evaluated by trenching (channel sampling) and/or RC drilling to confirm the presence of in-situ PGE mineralization along trend and at depth. See below for a plan map of the Galante East target (Figure 3).

Figure 2 : Soil Survey and Trado^® Auger Drilling at Galante East Target

Regional exploration employing Trado^® drilling and trenching continues to advance new prospects to the stage where they become RC or core drill targets: Troia and Catingueiro targets

Given the continued success of ValOre’s sequential exploration methodology, district-wide target generation and assessment has been being accelerated. In addition to the Galante East and Ipueiras target areas, ValOre’s exploration team has initiated prospecting at two new target areas: Troia, located approximately 5 km north of Massapê, and Catingueiro, located 5 km south of Trapia region. See below for a property map highlighting all the main target areas (Figure 3). Massapê and Trapia have importantly contributed to the recently completed Pedra Branca inferred mineral resource estimate update, which comprised an aggregate of 2.198 Moz 2PGE+Au contained in 63.6 Mt grading 1.08 g/t 2PGE+Au (CLICK HERE for news release dated March 24, 2022).

Figure 3: Pedra Branca Regional Map, with Exploration Targets and Known PGE Deposits

Trado^® Auger Exploration at Pedra Branca

ValOre has completed 323 auger holes since February 2021, totaling 1071.4 m, testing 10 property-wide targets. In total, 540.2 m of target UMs rocks have been augered under cover, with 1045 samples submitted for assay. See Table 2 below for a summary of Trado^® auger exploration at Pedra Branca to date.

Table 2: Summary of Trado^® Auger Drilling to Date (Feb 2021 – Mar 2022)

Target	Total Holes (#)	Total Drilled (m)	UMs Drilled (m)	Samples Assayed (#)
Santo Amaro South	46	173.55	76.65	177
Santo Amaro	27	69.10	40.55	77
Esbarro NW	19	64.70	47.90	69
Cana Brava	23	69.05	35.90	76
Trapia 2	5	9.10	5.00	10
Massape	36	169.00	115.40	178
Pitombeiras	22	60.50	7.70	64
Trapia South	24	107.75	56.75	112
Ipueiras	35	105.40	59.00	111
Galante East	86	243.20	95.30	171
Total	323	1071.35	540.15	1045

About the Trado^® Auger

The Trado^® auger is a portable soil drilling device developed and manufactured in Brazil by Trado^® Equipamentos e Serviços Ltda, specially designed for mineral exploration, environmental monitoring, structural engineering, and installation of lightweight artesian wells. They are designed to drill up to 30 m in depth, have a collapsible structure (easily transportable), and offer extremely low cost of operation and maintenance. The Trado^® drills through vegetation cover, preserving a very low ecological footprint to the survey.

CLICK HERE for more information regarding Trado^®.

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)

About ValOre Metals Corp.

On behalf of the Board of Directors,

“Jim Paterson”

James R. Paterson, Chairman and CEO

ValOre Metals Corp.

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

Vancouver, B.C. ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today reported an updated independent National Instrument 43-101 (“NI 43-101”) inferred mineral resource estimate for ValOre’s 100%-owned Pedra Branca Platinum Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil.

ValOre’s CEO, Jim Paterson stated, “We are very pleased to announce the doubling of ValOre’s Pedra Branca inferred mineral resource estimate, which was expanded to 2.2 million ounces of palladium, platinum, and gold at 1.08 g/t 2PGE+Au. Several of the zones which form part of the resource estimate remain wide open for expansion in future drill programs.

ValOre’s technical team has demonstrated their ability to expand known resource zones and to convert exploration targets into resource ounces in a very cost effective manner. We spent $6.1M CAD on exploration, administration and development at Pedra Branca since the 2019 acquisition and resource estimate, which equates to under CAD$6 per ounce of 2PGE+Au added to the resource inventory.

With the initial metallurgical results recently reported, today’s announcement on the resource expansion, and a discovery pipeline of exploration targets laid out property-wide, we very excited about the future potential of ValOre’s Pedra Branca Project.”

Highlights of the 2022 NI 43-101 Pedra Branca Inferred Mineral Resource Estimate:

2,198 thousand ounces (“Koz”) palladium + platinum + gold (“2PGE+Au”) in 63.6 million tonnes (“Mt”) grading 1.08 g/t 2PGE+Au;
106% increase to 2019 inferred mineral resource;
$6.1M CAD spent on exploration and development since 2019 resource, equating to $5.40 per ounce 2PGE+Au added;
17,434 metres (“m”) have been drilled since the 2019 resource, with approximately 11,500 m allocated to resource expansion;
Extensive resource growth potential remains at Massapê, Santo Amaro, Trapia, and Cedro, in addition to advanced exploration targets property-wide;
Regional exploration by Trado^® drilling continues to advance new prospects to RC or core drill targets.

2022 Inferred Mineral Resource Estimate

The updated Pedra Branca mineral resource estimate was completed by independent Brazilian consultancy GE21 Consultoria Mineral (“GE21”), in accordance with Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Definition Standards incorporated, by reference, in NI 43-101 Standards of Disclosure for Mineral Projects, and has been reviewed internally by ValOre. The 2022 resource estimate is the result of over 17,000 metres of new drilling between July 2020 and December 2021 and comprises 7 distinct deposit areas which host, in aggregate, an inferred resource of 2,198 Koz 2PGE+Au in 63.6 Mt grading 1.08 g/t 2PGE+Au (see Table 1 below). Mineralization outcrops at surface in all zones, and all the inferred resources are potentially open pittable.

The Pedra Branca inferred resource estimate has doubled in its palladium, platinum, and gold endowment since the 2019 NI 43-101 technical report (CLICK HERE ValOre news release dated July 23, 2019, for a summary of the 2019 inferred mineral resource estimate). Compelling growth potential remains at multiple deposit areas, including Massapê, Santo Amaro, Trapia, and Cedro.

The inferred mineral resource estimate for the Trapia deposit increased by a factor of over 4 times, and now represents the largest contributor to the global resource at 885 Koz 2PGE+Au grading 0.96 g/t in 28.8 Mt). The Cedro deposit inferred mineral resource estimate also tripled in size to 453 Koz 2PGE+Au grading 1.03 g/t in 13.6 Mt. Both the Trapia and Cedro deposits were the subject of 2020-2021 resource expansion drilling.

Massapê and Cana Brava represent two new zones added to the 2022 resource, accounting for 154 Koz ounces 2PGE+Au in 4.0 Mt at grades of 1.21 and 1.18 g/t 2PGE+Au, respectively. Massapê remains wide open along in all directions. CLICK HERE for news release dated December 20, 2021, for a summary of 2021 drilling at Massapê.

Table 1: 2022 Inferred Mineral Resource Summary Table – Effective Date: March 08, 2022

Target	Weathering		Grade					Contained Metal
		Mass	Au	Pd	Pt	PdEq	PGE+Au	Au	Pd	Pt	PdEq	PGE+Au
		kt	g/t	g/t	g/t	g/t	g/t	000 oz	000 oz	000 oz	000 oz	000 oz

Trapia	Weathered	4,547	0.02	0.53	0.30	0.69	0.85	3	77	45	101	125
	Fresh	24,239	0.04	0.63	0.31	0.85	0.98	30	488	242	662	760
	Total	28,786	0.04	0.61	0.31	0.82	0.96	34	565	286	763	885

Cedro	Weathered	3,024	0.01	0.71	0.34	0.88	1.06	1	69	33	86	103
	Fresh	10,610	0.01	0.65	0.37	0.88	1.03	5	220	125	299	350
	Total	13,634	0.01	0.66	0.36	0.88	1.03	6	290	158	384	453

Esbarro	Weathered	4,713	0.05	0.79	0.41	1.02	1.25	8	120	62	154	189
	Fresh	6,071	0.01	0.72	0.36	0.94	1.09	2	140	71	184	213
	Total	10,784	0.03	0.75	0.38	0.98	1.16	10	260	133	338	403

Santo Amaro	Weathered	2,105	0.02	0.56	0.47	0.80	1.06	2	38	32	54	71
	Fresh	2,169	0.04	0.63	0.49	0.96	1.16	3	44	34	67	81
	Total	4,274	0.03	0.60	0.48	0.88	1.11	4	82	66	121	153

Curiu	Weathered	1,148	0.06	1.64	1.07	2.20	2.77	2	60	40	81	102
	Fresh	974	0.05	0.91	0.56	1.30	1.53	2	29	18	41	48
	Total	2,122	0.06	1.30	0.84	1.79	2.20	4	89	57	122	150

Massapê	Weathered	601	0.03	0.88	0.33	1.05	1.23	1	17	6	20	24
	Fresh	2,710	0.02	0.85	0.33	1.07	1.20	2	74	29	93	105
	Total	3,312	0.02	0.86	0.33	1.06	1.21	2	91	35	113	129

Cana Brava	Weathered	524	0.04	0.63	0.44	0.87	1.12	1	11	7	15	19
	Fresh	134	0.02	0.84	0.59	1.20	1.44	0	4	3	5	6
	Total	657	0.04	0.68	0.47	0.94	1.18	1	14	10	20	25

All Targets	Weathered	16,661	0.03	0.73	0.42	0.95	1.18	17	392	225	512	634
	Fresh	46,908	0.03	0.66	0.35	0.90	1.04	44	999	521	1,351	1,564
	Total	63,568	0.03	0.68	0.36	0.91	1.08	61	1,391	746	1,862	2,198

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.
All figures have been rounded to the relative accuracy of the estimates. Summed amounts may not add due to rounding.
Mineral Resources are reported with effective date March 08, 2022.
Mineral Resources were classified as Inferred. An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that most of the Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.
Mineral Resources, which are not mineral reserves, do not have demonstrated economic viability. The Mineral Resources 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.
Mineral Resources were limited by an economic pit built in Geovia Whittle 4.3 software and following the geometric and economic parameters:
- Pit slope angles: 55°;
- Price: Pd=US$2000/oz, Pt=US$1000/oz and Au=US$1800/oz;
- Costs: Mining costs=US$2.00/t; Milling=US$12.00/t; G&A=US$1.50/t.
- Metallurgical Recoveries:
  - Weathered rock: 68% for Pd, 67% for Pt and 40% for Au;
  - Fresh rock: 71% for Pd, 82.9% for Pt and 85.2% for Au.
Blocks estimated by Ordinary Kriging at support of:
- Trapia, Massapê, Esbarro: 40m x 40m x 4m with sub-block 5m x 5m x 2m;
- Santo Amaro, Cedro, Cana Brava: 20m x20m x 4m with sub-block 5m x 5m x 2m;
- Curiu: 10m x 10m x 4m with sub-block 5m x 5m x 2m.
PGE+Au grade = Pt g/t + Pd g/t + Au g/t.

GE21 Consultoria Mineral

GE21 is an independent mineral consulting company whose team is comprised of professionals with extensive technical and operational experience in project development, exploration, and mineral consulting in Brazil since the 1980s. GE21’s experience covers the entire mining cycle, including target generation, exploration, mining, project development, geological assessments, resource estimation and international standard reserves.

CLICK HERE for more information on GE21.

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)

Independent consultants, Fábio Valério (P.Geo.) and Porfirio Cabaleiro (P.Eng.), of GE21 were commissioned to complete the mineral resource estimate and the technical report on behalf of ValOre, and Chris Kaye of Mine and Quarry Engineering Services Inc. (“MQes”), was commissioned to review the metallurgical information and contribute to the NI 43-101 technical report.

About ValOre Metals Corp.

The Pedra Branca PGE 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. 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.

On behalf of the Board of Directors,

“Jim Paterson”

James R. Paterson, Chairman and CEO

ValOre Metals Corp.

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

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)

About ValOre Metals Corp.

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.

On behalf of the Board of Directors,

“Jim Paterson”

James R. Paterson, Chairman and CEO

ValOre Metals Corp.

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

Vancouver, B.C. ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today provided an update from ValOre’s 100%-owned Pedra Branca Platinum Group Element (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil, where exploration employing the Trado^® auger has identified multiple zones of near surface mineralization.

“While commonly used throughout Brazil, ValOre was the first company to use the Trado^® auger for exploration at Pedra Branca. This cost-effective and highly portable tool led us to multiple subsequent drilling discoveries and played an important preliminary role in the successful resource expansion drilling in 2021,” stated ValOre’s VP of Exploration, Colin Smith. “The Trado^® collects metre-by-metre samples of overburden for geochemical assay and drills into the tops of weathered bedrock, giving a real-time viewpoint into geology under cover. Given the continued success of the tool, ValOre has purchased a second auger unit to accelerate property-wide exploration.”

Trado^® Auger Exploration Highlights

235 auger holes totaling 818.3 metres (“m”) have tested 9 property-wide targets to date, intercepting 430.5 m of target ultramafic (“UM”) rocks under cover, with 863 samples submitted for assay;
Trado^®end of hole (“EOH”) depths typically represent that the auger has entered impenetrable unweathered to less weathered bedrock, so it is typical that mineralization and UMs remain fully open at depth and require follow-up core or Reverse Circulation (“RC”) drilling;
Auger assay highlights include:
- 16 m grading 1.22 g/t 2PGE+Au from surface (new result from Trapia South target)
- 12 m grading 1.73 g/t 2PGE+Au from surface (led to drilling discovery at Esbarro NW target)
- 9.0 m grading 2.09 g/t 2PGE+Au from surface (led to drilling discovery at Esbarro NW target)
- 10 m grading 1.64 g/t 2PGE+Au from surface (led to drilling discovery at Santo Amaro South target;
A second Trado^® auger has been purchased to be deployed in early February.

Trado^® Auger Exploration at Pedra Branca

The Trado^® auger has become a cornerstone exploration tool at Pedra Branca, serving to rapidly advance the district-wide target pipeline, and leading to multiple successful drill campaigns in 2021. Systematic Trado^® auger fences on 40-60 m hole spacings effectively demarcate target UM intrusions hidden under cover and test the presence of near-surface mineralization with subsequent assaying. Metre-by-metre geochemical samples of soil, regolith and weathered bedrock are collected down-hole, logged, and submitted for PGE and multi-element analyses. Consequently, the benefits of Trado^® are both real-time, with the geological mapping of bedrock under cover, and long-term, with the collection and analysis of a comprehensive geochemical assessment of the entire overburden profile, and in some cases into weathered bedrock. Furthermore, the Trado^® auger EOH depths represent the onset of impenetrable bedrock, so mineralization and UMs remain fully open at depth, to be followed up by core or RC drilling.

ValOre has completed 235 auger holes since February 2021, totaling 818.3 m, testing 9 property-wide targets. In total, 430.5 m of target UMs rocks have been augered under cover, with 863 samples submitted for assay. See Table 1 below for a summary of Trado^® auger exploration at Pedra Branca to date, and see Table 2 below for a summary of notable Trado^® auger holes >2 Gram*Meter on a target-to-target basis.

Proof of Concept with Follow-Up Drilling

Seven of the 9 targets Trado^®-tested to date were followed up with core and/or RC drilling in 2021, and all seven produced significant PGE intercepts. CLICK HERE to view news releases from 2021 and CLICK HERE to view news releases from 2022. The validity of the auger as an effective pre-RC or -core drilling tool was further proven by the reproducibility of PGE-in-Trado^® grades in drill core or RC chips. As an example, Trado^® hole AD21SAS12 from the Santo Amaro South target returned 10 m grading 1.64 g/t 2PGE+Au from surface. This result was followed up by RC drilling, which produced the discovery hole of 32 m grading 1.65 g/t 2PGE+Au from surface in drill hole RC21SAS03. CLICK HERE for news release dated August 23, 2021 and see Figure 1 below for a cross section.

Table 1: Summary of Trado^® Auger Drilling to Date (Feb 2021 – Jan 2022)

Target	Total Holes (#)	Total Drilled (m)	UMs Drilled (m)	Samples Assayed (#)
Santo Amaro South	46	173.6	76.7	177
Santo Amaro	27	69.1	40.6	77
Esbarro NW	19	64.7	47.9	69
Cana Brava	23	69.1	35.9	76
Trapia 2	5	9.1	5.0	10
Massapê	36	169.0	115.4	178
Pitombeiras	22	60.5	7.7	64
Trapia South	24	107.8	56.8	112
Ipueiras	33	95.4	44.5	100
Total	235	818.3	430.5	863

Table 2: Assay Table of Trado^® Auger Holes >2 Gram*Meter to Date (Feb 2021 – Jan 2022)

Target	Auger Hole	From (m)	To (m)	Length (m)	2PGE+Au (g/t)	2PGE+Au Interval Summary	Gram x Metre
Trapia South	AD21TS08	0	16	16	1.22	16 m grading 1.22 g/t 2PGE+Au from surface	19.5
Trapia South	AD21TS09	0	8	8	0.57	8 m grading 0.57 g/t 2PGE+Au from surface	4.6
Trapia South	AD21TS10	0	6.8	6.75	0.66	6.75 m grading 0.66 g/t 2PGE+Au from surface	4.5
Trapia South	AD21TS07	4	13	9	0.48	9 m grading 0.48 g/t 2PGE+Au from 4 m	4.3
Trapia South	AD21TS05	0	7	7	0.39	7 m grading 0.39 g/t 2PGE+Au from surface	2.7
Santo Amaro South	AD21SAS12	0	10	10	1.64	10 m grading 1.64 g/t 2PGE+Au from surface	16.4
Santo Amaro South	AD21SAS39	1	10	9	0.7	9 m grading 0.70 g/t 2PGE+Au from 1 m	6.3
Santo Amaro South	AD21SAS08	0	4	4	1.1	4 m grading 1.10 g/t 2PGE+Au from surface	4.4
Santo Amaro South	AD21SAS29	0	3	3	0.66	3 m grading 0.66 g/t 2PGE+Au from surface	2.0
Santo Amaro	AD21SA14	0	2.5	2.5	3.45	2.5 m grading 3.45 g/t 2PGE+Au from surface	8.6
Santo Amaro	AD21SA15	0	2.6	2.55	1.5	2.55 m grading 1.50 g/t 2PGE+Au from surface	3.8
Santo Amaro	AD21SA17	0	3	3	1.25	3 m grading 1.25 g/t 2PGE+Au from surface	3.8
Massapê	AD21MS14	0	11	11	0.34	11 m grading 0.34 g/t 2PGE+Au from surface	3.7
Massapê	AD21MS24	0	13	13	0.25	13 m grading 0.25 g/t 2PGE+Au from surface	3.3
Massapê	AD21MS19	0	3.5	3.5	0.87	3.5 m grading 0.87 g/t 2PGE+Au from surface	3.1
Massapê	AD21MS17	0	8	8	0.36	8 m grading 0.36 g/t 2PGE+Au from surface	2.9
Massapê	AD21MS20	0	4	4	0.59	4 m grading 0.59 g/t 2PGE+Au from surface	2.4
Massapê	AD21MS15	0	12	12	0.19	12 m grading 0.19 g/t 2PGE+Au from surface	2.3
Esbarro NW	AD21ES03	0	12	12	1.73	12 m grading 1.73 g/t 2PGE+Au from surface	20.8
Esbarro NW	AD21ES08	0	9	9	2.09	9 m grading 2.09 g/t 2PGE+Au from surface	18.8
Esbarro NW	AD21ES04A	0	4	4	1.12	4 m grading 1.12 g/t 2PGE+Au from surface	4.5
Esbarro NW	AD21ES02	0	5	5	0.63	5 m grading 0.63 g/t 2PGE+Au from surface	3.2
Esbarro NW	AD21ES17	0	4	4	0.68	4 m grading 0.68 g/t 2PGE+Au from surface	2.7

Figure 1: Cross Section A-A’, Santo Amaro South Target

About the Trado^® Auger

The Trado^® auger is a portable soil drilling device developed and manufactured in Brazil by Trado^® Equipamentos e Serviços Ltda, specially designed for mineral exploration, environmental monitoring, structural engineering, and installation of lightweight artesian wells. They are designed to drill up to 30 m in depth, have a collapsible structure (easily transportable), and offer extremely low cost of operation and maintenance. The Trado^®drills through vegetation cover, preserving a very low ecological footprint to the survey.

CLICK HERE for more information regarding Trado^®.

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)

About ValOre Metals Corp.

The Pedra Branca PGE Project comprises 52 exploration licenses covering a total area of 56,852 hectares (140,484 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.

On behalf of the Board of Directors,

“Jim Paterson”

James R. Paterson, Chairman and CEO

ValOre Metals Corp.

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

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

“Confirmatory drilling results from Cedro returned broad, well mineralized palladium-platinum intercepts from surface, and down-dip at depth,” stated ValOre’s VP of Exploration, Colin Smith. “ValOre’s team has commenced selecting a composite sample for Cedro, to be included in the on-going testwork program at ALS Metallurgy Kamloops. Preliminary results from testwork performed on the Cuiru deposit are expected next month.”

Key Points on Metallurgical Testwork Program:

Four HQ-size core drill holes totaling 332 metres (“m”) at the Cedro PGE deposit area were drilled, logged, sampled and assayed to support ongoing metallurgical testwork;
All 4 drill holes confirmed the historically reported geology and returned broad, consistently mineralized PGE intercepts including:
- 53 m at 1.18 grams per tonne palladium + platinum + gold (“g/t 2PGE+Au”) from surface, incl. 7.0 m at 2.64 g/t 2PGE+Au from 44 m in drill hole DD21CD24A
- 62 m at 0.90 g/t 2PGE+Au from 58 m, incl. 31 m at 1.40 g/t 2PGE+Au from 82 m in drill hole DD21CD05A
- 52 m at 1.03 g/t 2PGE+Au from 19 m in drill hole DD21CD89A
- 70 m at 0.71 g/t 2PGE+Au from surface, incl. 29 m at 1.12 g/t 2PGE+Au in drill hole DD21CD42A;
Metallurgical drilling campaign concluded, totaling 922 m in 14 holes, including 6 holes at Esbarro (378 m), and 4 holes at Curiu (213 m), in addition to the 332 m in 4 holes at Cedro;
Drill core for the remaining two PGE deposits which form part of the 2019 inferred resource, Trapia and Santo Amaro, will be collected from the 2020 and 2021 resource expansion drill programs;
Testwork program at ALS Metallurgy Kamloops (“ALS”) commenced in November 2021, with a primary focus on mineralogy and conventional processing circuits, and preliminary results expected in February 2022.

*Reported core assay interval lengths are estimated to represent 95-100% true width

2021 Metallurgical Drill Program

Four HQ-size core drill holes (totaling 332 m) were completed at the Cedro deposit (151,000 ounces [“oz”] 2PGE+Au contained in an inferred resource of 4.2 million tonnes [“Mt”] grading 1.10 g/t 2PGE+Au) to provide PGE mineralized material for ongoing metallurgical testwork. In addition, 6 holes (378 m) were drilled into the Esbarro deposit (394,000 oz 2PGE+Au in 9.9 Mt grading 1.23 g/t 2PGE+Au), and 4 holes (213 m) were drilled into the Curiu deposit (100,000 oz 2PGE+Au in 1.6 Mt grading 1.93 g/t 2PGE+Au). CLICK HERE for news release dated October 4, 2021, for assay results from the Esbarro and Curiu drill program.

All drill holes confirmed the historically reported mineralized ultramafic (“UM”) intrusion and returned broad, consistently mineralized 2PGE+Au intercepts, originating at surface and at depth, down dip. See Table 1 and 2 below for a complete table of Cedro drill core assays and Figure 1 for a map of the metallurgical drill hole locations at Cedro.

Table 1: Drill Core 2PGE+Au Assays from the 2021 Metallurgical Drill Program at Cedro

Hole ID	From (m)	To (m)	Length (m)	Au (g/t)	Pd (g/t)	Pt (g/t)	2PGE+Au (g/t)	Summary Interval	Gram* Metre
DD21CD05A	57.68	119.65	61.97	0.03	0.54	0.34	0.90	62 m at 0.90 g/t 2PGE+Au from 58 m incl. 31 m at 1.40 g/t 2PGE+Au from 82 m	56
DD21CD05A	82.00	112.50	30.50	0.04	0.88	0.48	1.40		56
DD21CD24A	0.00	53.00	53.00	0.03	0.79	0.36	1.18	53 m at 1.18 g/t 2PGE+Au from surface incl. 7.0 m at 2.64 g/t 2PGE+Au from 44 m	63
DD21CD24A	44.00	51.00	7.00	0.01	1.86	0.77	2.64		63
DD21CD42A	0.00	70.00	70.00	0.02	0.45	0.24	0.71	70 m at 0.71 g/t 2PGE+Au from surface incl. 29 m at 1.12 g/t 2PGE+Au from surface and 2.8 m at 1.61 g/t 2PGE+Au from 43 m	50
	0.00	29.20	29.20	0.01	0.71	0.40	1.12
	43.25	46.00	2.75	0.01	1.05	0.55	1.61
DD21CD89A	19.15	70.75	51.60	0.06	0.63	0.34	1.03	52 m at 1.03 g/t 2PGE+Au from 19 m incl. 2.8 m at 5.95 g/t 2PGE+Au, 0.11 g/t Rh from 46 m	53
DD21CD89A	45.70	48.50	2.80	0.01	4.31	1.63	5.95		53

*Reported core assay interval lengths are estimated to represent 95-100% true width

Table 2: Historical vs. 2021 Twin Core Assays Comparison

DDH Type	Hole ID	Summary Interval	*GramMetre**
Historical	DD01CD05	62 m at 0.84 g/t 2PGE+Au from 59 m	52
2021 Twin	DD21CD05A	62 m at 0.90 g/t 2PGE+Au from 58 m	56
Historical	DD07CD24	52 m at 1.34 g/t 2PGE+Au from 1.4 m	69
2021 Twin	DD21CD24A	53 m at 1.18 g/t 2PGE+Au from surface	63
Historical	DD08CD42	71 m at 0.89 g/t 2PGE+Au from surface	63
2021 Twin	DD21CD42A	70 m at 0.71 g/t 2PGE+Au from surface	50
Historical	DD10CD89	51 m at 1.14 g/t 2PGE+Au from 14 m	58
2021 Twin	DD21CD89A	52 m at 1.03 g/t 2PGE+Au from 19 m	53

Figure 1: Map of 2021 Metallurgical Drill Hole Locations at Cedro PGE Deposit

ALS Metallurgy Testwork Program

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

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)

About ValOre Metals Corp.

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.

On behalf of the Board of Directors,

“Jim Paterson”

James R. Paterson, Chairman and CEO

ValOre Metals Corp.

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

Vancouver, B.C. ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) reports core drilling assay results from the Massapê and Santo Amaro South targets at ValOre’s 100%-owned Pedra Branca Platinum Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil.

“ValOre’s proven exploration methodology has led to exciting near-surface 2021 drilling results at both Massapê and Santo Amaro South,” stated ValOre’s VP of Exploration, Colin Smith. “Both targets will be considered in the resource update planned for Q1 2022 and remain wide open for expansion with further drilling.”

Massapê Zone 2021 Drilling Highlights:

11 core holes drilled totaling 1,510 metres (“m”), with all 11 intercepting the target PGE-bearing ultramafic (“UM”) intrusion;
PGE intervals returned in 10 of 11 core holes, with highlights including:
- 21 m at 1.82 grams per tonne palladium + platinum + gold (“g/t 2PGE+Au”) from 73 metres (“m”), incl. 9.1 m at 3.0 g/t 2PGE+Au from 84 m in drill hole DD21MS09
- 21 m at 1.67 g/t 2PGE+Au from 27 m, incl. 6.6 m at 3.22 g/t 2PGE+Au from 29 m in drill hole DD21MS13
- 23 m at 1.19 g/t 2PGE+Au from 101 m, and 14 m at 0.99 g/t 2PGE+Au from 137 m incl. 5.4 m at 2.26 g/t 2PGE+Au from 136.6 m in drill hole DD21MS12;
Drill-confirmed PGE mineralization established along a 400 m trend: open along strike to the south, and at depth to the east.

Santo Amaro South Zone 2021 Drilling Highlights:

4 holes drilled totaling 300 m, with all 4 intercepting the target PGE-bearing UM intrusion, including the following highlights:
- 22 m at 1.40 g/t 2PGE+Au from 13 m in drill hole DD21SAS05
- 18 m at 1.46 g/t 2PGE+Au from 51 m, incl. 9.8 m at 2.42 g/t 2PGE+Au from 58 m in drill hole DD21SAS04
- 13 m at 1.29 g/t 2PGE+Au from 69 m in drill hole DD21SAS07;
Drill-confirmed PGE mineralization established along a 200 m trend that is open in all directions.

*Reported core assay interval lengths are estimated to represent 90-100% of true width

The Massapê Zone is situated four kilometres (“km”) along trend to the north of the Trapia deposit area (218,000 oz at 1.11 g/t 2PGE+Au in 6.1 Mt), and the Santo Amaro South target is situated 1 km due south of the Santo Amaro deposit area (203,000 oz at 1.19 g/t 2PGE+Au in 5.3 Mt). Both Massapê and Santo Amaro South are underexplored and highly prospective PGE-bearing zones that were not included in ValOre’s 2019 NI 43-101 Pedra Branca inferred resource (1,067,000 oz at 1.22 g/t 2PGE in 27.2 Mt). Please refer to the Summary Table of the 2019 Inferred Resource and Pedra Branca Resource Estimate NI 43-101 Technical Report, May 2019.

2021 Massapê Zone Drilling

During 2021, the Massapê target was rapidly advanced to a high priority drill target by ValOre’s sequential exploration methodology, which included detailed geological mapping, Trado^® auger drilling, and trenching (CLICK HERE for news release dated August 26, 2021).

Drilling in 2021 intercepted the target UM intrusion in all 11 core holes over 450 m of geological trend. PGE-bearing Trado^®auger hole samples have been collected along strike to the north and south of 2021 core drilling, establishing a prospective strike length of ~1 km to be further tested in 2022. See Table 1 for a summary of significant core assay results, and Figures 1-3 below.

2021 Santo Amaro South Zone Drilling

ValOre’s exploration methodology quickly established the Santo Amaro South Zone as a high-quality drill target in 2021 (CLICK HERE for news release dated March 23, 2021). This lead to a Reverse Circulation (“RC”) drilling discovery of 32 m at 1.65 g/t 2PGE+Au from surface in drill hole RC21SAS03 (CLICK HERE for news release dated August 23, 2021), and the drilling of 4 follow-up core holes, all of which intercepted the shallow PGE-bearing UM intrusion. PGE mineralization remains open in all directions, and is to be further tested in 2022. See Table 1 for a summary of significant core assay results, and Figure 4 below.

Table 1: Significant Core 2PGE+Au Assays from 2021 Massapê and Santo Amaro Drilling

Target	Hole ID	From (m)	To (m)	Length (m)	Au (g/t)	Pd (g/t)	Pt (g/t)	2PGE+Au (g/t)	Summary Interval	Zone Gram x metre	Total Gram x metre
Massapê	DD21MS06	28.95	33	4.05	0.02	1.21	0.51	1.73	4.0 m at 1.73 g/t 2PGE+Au from 29 m incl. 2.0 m at 3.10 g/t 2PGE+Au from 29 and 20 m at 0.44 g/t 2PGE+Au from 59 m	7	16
		28.95	31	2.05	0.02	2.11	0.96	3.10		7
		58.65	78.75	20.1	0.03	0.28	0.12	0.44		9
Massapê	DD21MS07	14	28	14	0.01	0.09	0.04	0.13	14 m at 0.13 g/t 2PGE+Au from 14 m incl. 6.0 m at 0.21 g/t 2PGE+Au from 22 m	2	2
Massapê	DD21MS07	22	28	6	0.01	0.13	0.07	0.21		2	2
Massapê	DD21MS08	53.65	60	6.35	0.02	0.26	0.13	0.41	6.4 m at 0.41 g/t 2PGE+Au from 54 m	3	3
Massapê	DD21MS09	66.80	93.1	26.3	0.03	1.10	0.31	1.45	26 m at 1.45 g/t 2PGE+Au from 67 m incl. 9.1 m at 3.05 g/t 2PGE+Au from 84 m	38	38
Massapê	DD21MS09	84	93.1	9.1	0.05	2.38	0.62	3.05		38	38
Massapê	DD21MS10	20.2	21	0.8	0.01	0.38	0.19	0.58	0.8 m at 0.58 g/t 2PGE+Au from 20 m	1	1
Massapê	DD21MS11	85	108.65	23.65	0.01	0.15	0.09	0.25	24 m at 0.25 g/t 2PGE+Au from 85 m incl. 2.0 m at 0.41 g/t 2PGE+Au from 89 m and 5.7 m at 0.61 g/t 2PGE+Au from 103 m	6	6
		89	91	2	0.01	0.21	0.20	0.41
		103	108.65	5.65	0.01	0.41	0.19	0.61
Massapê	DD21MS12	101	124	23	0.03	0.63	0.52	1.19	23 m at 1.19 g/t 2PGE+Au from 101 m incl. 2.3 m at 3.18 g/t 2PGE+Au from 115 m and 14 m at 0.99 g/t 2PGE+Au from 137 m incl. 5.4 m at 2.26 g/t 2PGE+Au from 137 m	28	42
		114.75	117	2.25	0.06	2.19	0.93	3.18		28
		136.6	151.02	14.42	0.01	0.77	0.21	0.99		14
		136.6	142	5.4	0.02	1.80	0.45	2.26		14
Massapê	DD21MS13	26.95	47.65	20.70	0.02	1.27	0.37	1.67	21 m at 1.67 g/t 2PGE+Au from 27 m incl. 6.6 m at 3.22 g/t 2PGE+Au from 29 m	35	35
Massapê	DD21MS13	28.55	35.15	6.60	0.04	2.20	0.60	2.84		35	35
Massapê	DD21MS14	140	164.4	24.4	0.01	0.24	0.12	0.38	24 m at 0.38 g/t 2PGE+Au from 140 m and 13 m at 3.41 g/t 2PGE+Au from 191 m incl. 2.5 m at 10.05 g/t 2PGE+Au from 197 m	9	53
		191	203.7	12.7	0.02	2.84	0.55	3.41		44
		197.46	200	2.54	0.04	8.93	1.07	10.05		44
Massapê	DD21MS16	130.95	148	17.05	0.01	0.19	0.06	0.26	17 m at 0.26 g/t 2PGE+Au from 131 m	4	4
Santo Amaro South	DD21SAS04	51	69.2	18.2	0.02	0.81	0.63	1.46	18 m at 1.46 g/t 2PGE+Au from 51 m incl. 9.8 m at 2.42 g/t 2PGE+Au from 58 m incl. 3.6 m at 4.22 g/t 2PGE+Au from 64 m	27	27
		57.75	67.55	9.8	0.03	1.30	1.09	2.42
		64	67.55	3.55	0.06	2.16	1.99	4.22
Santo Amaro South	DD21SAS05	12.6	34.15	21.55	0.01	0.88	0.52	1.40	22 m at 1.40 g/t 2PGE+Au from 13 m	30	30
Santo Amaro South	DD21SAS06	17.95	23.7	5.75	0.01	0.28	0.13	0.42	5.8 m at 0.42 g/t 2PGE+Au from 18 m incl. 2.1 m at 0.85 g/t 2PGE+Au from 22 m	2	2
Santo Amaro South	DD21SAS06	21.65	23.7	2.05	0.01	0.60	0.23	0.85		2	2
Santo Amaro South	DD21SAS07	68.7	81.52	12.82	0.02	0.82	0.46	1.29	13 m at 1.29 g/t 2PGE+Au from 68.7 m incl. 9.8 m at 1.47 g/t 2PGE+Au from 71 m incl. 3.4 m at 2.13 g/t 2PGE+Au from 77 m	17	17
		71.2	80.97	9.77	0.02	0.94	0.52	1.47
		77	80.35	3.35	0.03	1.19	0.92	2.13

*Reported core assay interval lengths are estimated to represent 90-100% true width

Figure 1: Plan Map of at Massapê Target

Figure 2: Cross Section A-A’, Massapê Target

Figure 3: Cross Section B-B’, Massapê Target

Figure 4: Plan Map of Santo Amaro South Target and Santo Amaro Deposit

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”)

Disclosure Related to Finders Fees Paid on Offering

The Company also announced that further to its press release dated November 17, 2021 regarding the closing of the previously announced "best efforts" brokered private placement (the "Offering") for gross proceeds of C$11,000,000, in addition to the fees paid to Red Cloud Securities Inc. as agent, the Company paid an aggregate of $83,420 and issued an aggregate of 139,033 non-transferable finder's warrants (the "Finder's Warrants") to certain arm's-length finders in connection with their entitlement to receive 6% cash commission and 6% Finder's Warrants for subscribers introduced by such finders. Each Finder's Warrant entitles the holder to acquire one common share of the Company at a price of C$0.60 at any time on or before November 17, 2023.

About ValOre Metals Corp.

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.

On behalf of the Board of Directors,

“Jim Paterson”

James R. Paterson, Chairman and CEO

ValOre Metals Corp.

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