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Pedra Branca

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

“2021 drilling at Santo Amaro was a great success, with significant shallow PGE intercepts returned in 16 of 20 holes,” stated ValOre’s VP of Exploration, Colin Smith. “The 127-metre PGE intercept in drill hole DD21SA27, situated 95 metres outside of the resource to the east-southeast, demonstrates the impressive upside potential of this underexplored target area.”

Key Updates on 2021 Santo Amaro Core Drilling:

  • 20 holes drilled totaling 2,316 metres (“m”), with a primary focus of resource expansion;
  • All 20 completed holes intercepted the target ultramafic (“UM”) intrusion, with assays received in full, and notable PGE intercepts returned in 16 of 20 core holes;
  • Newly received near surface PGE interval highlights include:
    • 127 m at 0.85 grams per tonne palladium + platinum + gold (“g/t 2PGE+Au”) from 39 m, incl. 27 m at 2.25 g/t 2PGE+Au from 55 m in drill hole DD21SA42
    • 53 m at 1.19 g/t 2PGE+Au from 2.0 m, incl. 20 m at 2.13 g/t 2PGE+Au from 29 m in drill hole DD21SA34
    • 22 m at 2.64 g/t 2PGE+Au from 18 m, incl. 6.0 m at 5.32 g/t 2PGE+Au from 29 m in drill hole DD21SA37
    • 20 m at 1.67 g/t 2PGE+Au from 40 m in drill hole DD21SA33;
  • Drill-confirmed PGE mineralization along the trend has increased in strike length from 215 m to over 600 m;
  • Continuity of geology and PGE grade has been established between Northwest Target (“NW”) and resource area, with 8 positive NW drill holes spaced ~60-90 m apart;
  • Broad trends of near-surface PGE mineralization remain largely open.

*Reported core assay interval lengths are estimated to represent 80-100% true width

Santo Amaro Target and the 2019 Mineral Resource Domain

Santo Amaro is one of five currently defined PGE deposit areas at Pedra Branca, which together host an inferred resource totalling 1,067,000 ounces (“oz”) of 2PGE+Au contained in 27.2 million tonnes (“Mt”) grading 1.22 g/t 2PGE+Au. Summary Table of the 2019 Inferred Resource and Pedra Branca Resource Estimate NI 43-101 Technical Report, May 2019.

The 2019 Santo Amaro mineral resource was defined by 5 pre-ValOre drill holes spaced 45-60 m apart, along a collective geological trend of 215 m, which together comprise an inferred resource of 203,000 oz at 1.19 g/t 2PGE+Au in 5.3 Mt. To improve geological constraint for the next resource re-estimation, 10 scissor holes were drilled in 2021 from 5 pads (2 holes per pad) to the north of the resource holes, with each pad having 1 vertical hole (-90° dip) and 1 angled hole to the south (-50° dip).

Shallow, well-mineralized intercepts have been returned for all 10 holes, establishing strong geology and PGE grade continuity of the resource area. Highlight PGE intercepts include: 36 m at 2.22 g/t 2PGE+Au from 43 m, incl. 9.1 m at 6.38 g/t 2PGE+Au from 43 m in drill hole DD21SA30, and 53 m at 1.19 g/t 2PGE+Au from 2.0 m, incl. 20 m at 2.13 g/t 2PGE+Au from 29 m in drill hole DD21SA34. See Table 1 below for a summary of significant drill core assays, and Figure 1 below for a plan map of Santo Amaro drilling.

Resource Expansion Potential Along Strike

The easterly resource strike extension exhibits a thickening of the mineralized package and was subsequently targeted with 3 holes in 2021. All three holes intercepted broad intervals of target UMs along trend from the existing resource, including highlight drill hole DD21SA42, which returned 127 m at 0.85 g/t 2PGE+Au from 39 m, including 27 m at 2.25 g/t 2PGE+Au from 55 m. See Table 1 below for a summary of significant drill core assays, and Figure 2 below for a cross section of DD21SA42.

The resource strike potential also remains open to the west and northwest, as evidenced by western-most 2020 drill hole DD20SA23, which returned  20 m at 0.98 g/t 2PGE+Au from surface (CLICK HERE for news release dated January 15, 2021), and 2021 drill hole DD21SA37, situated 220 m to the northwest (NW Target), which returned 22 m at 2.64 g/t 2PGE+Au from 18 m.

Northwest Target Area

The NW Target represents an emerging shallow PGE body approximately 250 m north-northwest of the resource area, targeted with 6 holes totaling 729 m in 2021, with the goal of incorporating the zone into a future inferred resource estimate. All 6 holes intercepted the target shallow UM intrusion, with 4 holes returning significant near-surface PGE intercepts, building strong geological continuity between the 200 m by 300 m zone, and the resource area (250 m to the south-southeast). Highlight drill hole DD21SA37 returned 22 m at 2.64 g/t 2PGE+Au from 18 m, incl. 6.0 m at 5.32 g/t 2PGE+Au from 29 m. See Table 1 below for a summary of significant drill core assays.

Table 1: Significant Core 2PGE+Au Assays from 2021 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** Gram x
metre
Scissor Target DD21SA25* 41.90 99.76 57.86 0.01 0.29 0.30 0.60 59 m at 0.60 g/t 2PGE+Au from 42 m 35
Scissor Target DD21SA26* 34.02 62.60 28.58 0.04 0.54 0.26 0.83 29 m at 0.83 g/t 2PGE+Au from 34 m
incl. 12 m at 1.12 g/t 2PGE+Au from 43 m		 24
43.00 55.00 12.00 0.02 0.73 0.37 1.12
NW Target DD21SA27* 8.50 13.00 4.50 0.01 0.12 0.12 0.26 4.5 m at 0.26 g/t 2PGE+Au from 8.5 m
and 31 m at 0.26 g/t 2PGE+Au from 88 m
incl. 4.0 m at 0.99 g/t 2PGE+Au from 88 m		 9
88.00 119.00 31.00 0.01 0.17 0.08 0.26
88.00 92.00 4.00 0.02 0.73 0.25 0.99
Scissor Target DD21SA28* 19.95 27.60 7.65 0.05 1.30 1.60 2.96 7.7 m at 2.96 g/t 2PGE+Au from 20 m
incl. 3.0 m at 5.24 g/t 2PGE+Au from 22 m		 23
22.00 25.00 3.00 0.08 2.55 2.60 5.24
Scissor Target DD21SA29* 22.55 51.42 28.87 0.14 0.89 0.38 1.41 29 m at 1.41 g/t 2PGE+Au from 23 m 41
Scissor Target DD21SA30* 42.55 78.15 35.60 0.02 1.16 1.05 2.22 36 m at 2.22 g/t 2PGE+Au from 43 m
incl. 9.1 m at 6.38 g/t 2PGE+Au from 43 m		 79
42.55 51.67 9.12 0.03 3.28 3.07 6.38
Scissor Target DD21SA31 49.22 95.00 45.78 0.01 0.42 0.38 0.81 46 m at 0.81 g/t 2PGE+Au from 49 m
incl. 16 m at 1.22 g/t 2PGE+Au from 52 m		 37
52.00 68.00 16.00 0.02 0.61 0.65 1.27
Scissor Target DD21SA32 18.14 41.00 22.86 0.03 0.84 0.20 1.07 23 m at 1.07 g/t 2PGE+Au from 18 m
incl. 8.0 m at 2.13 g/t 2PGE+Au from 22 m		 24
22.00 30.00 8.00 0.06 1.71 0.36 2.13
Scissor Target DD21SA33 1.35 4.00 2.65 0.01 0.19 0.19 0.40 2.7 m at 0.40 g/t 2PGE+Au from 1.4 m
and 20 m at 1.67 g/t 2PGE+Au from 40 m		 34
40.00 59.70 19.70 0.02 1.02 0.63 1.67
Scissor Target DD21SA34 2.00 55.00 53.00 0.02 0.55 0.63 1.19 53 m at 1.19 g/t 2PGE+Au from 2 m
incl. 19.9 m at 2.13 g/t 2PGE+Au from 29 m		 63
29.00 48.90 19.90 0.01 0.76 1.35 2.13
Scissor Target DD21SA35 46.45 49.00 2.55 0.01 0.27 0.32 0.60 2.6 m at 0.60 g/t 2PGE+Au from 47 m 2
NW Target DD21SA36 0.00 8.00 8.00 0.01 0.17 0.05 0.23 8.0 m at 0.23 g/t 2PGE+Au from surface
and 15 m at 0.22 g/t 2PGE+Au from 119 m		 5
118.50 133.75 15.25 0.01 0.10 0.10 0.22
NW Target DD21SA37 17.90 39.50 21.60 0.01 0.88 1.75 2.64 22 m at 2.64 g/t 2PGE+Au from 18 m
incl. 5.95 m at 5.32 g/t 2PGE+Au from 29 m		 57
29.00 34.95 5.95 0.01 1.84 3.47 5.32
NW Target DD21SA40 35.08 58.85 23.77 0.01 0.36 0.23 0.59 24 m at 0.59 g/t 2PGE+Au from 35 m
incl. 4.5 m at 1.33 g/t 2PGE+Au from 54 m		 14
54.35 58.85 4.50 0.01 0.85 0.47 1.33
East Strike Extension DD21SA41 0.00 28.00 28.00 0.01 0.27 0.23 0.51 28 m at 0.51 g/t 2PGE+Au from surface
incl. 5.2 m at 1.30 g/t 2PGE+Au from 3.9 m		 14
3.90 9.05 5.15 0.01 0.53 0.76 1.30
East Strike Extension DD21SA42 39.00 165.85 126.85 0.02 0.42 0.41 0.85 127 m at 0.85 g/t 2PGE+Au from 39 m
incl. 27 m at 2.25 g/t 2PGE+Au from 55 m		 108
55.00 82.05 27.05 0.04 1.04 1.17 2.25

*Released October 20, 2021
**Reported core assay interval lengths are estimated to represent 80-100% true width

Figure 1: Plan Map of Santo Amaro Drilling

Figure 1: Plan Map of Santo Amaro Drilling

Figure 2: Cross Section of Drill Hole DD21SA42

Figure 2: Cross Section of Drill Hole DD21SA42

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.

Santo Amaro Drilling Update – Oct 20, 2021

Santo Amaro Drilling Update – Oct 20, 2021

Vancouver, B.C. ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today provided an update on 2021 drilling from the Santo Amaro target at ValOre’s 100%-owned Pedra Branca Platinum Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil.

“2021 drilling at Santo Amaro has greatly advanced the interpreted geological model for the resource-associated ultramafic package, allowing for more targeted resource expansion drilling and a higher level of confidence in future resource estimations,” stated ValOre’s VP of Exploration, Colin Smith. “Significant drilling results include the 110-metre ultramafic intercept in DD21SA42, a ~95 metre step-out hole drilled to the southeast of the current resource; multiple near surface intervals of mineralization within and along strike from the current resource; and mineralized intercepts better defining the NW mineralized zone, situated ~250 metres northwest of the current resource.”

Key Updates on 2021 Santo Amaro Core Drilling:

  • 19 holes drilled totaling 2,204 metres (“m”), with a primary focus of resource expansion;
  • All 19 completed holes intercepted the target UM intrusion, with assays received in full for 7 holes (12 holes pending), and the final drill hole currently in progress;
  • Near surface mineralization encountered in 7 of the 7 holes received to date, with a highlight of:
    • 36 m at 2.22 grams per tonne palladium + platinum + gold (“g/t 2PGE+Au”) from 43 m, including 9.1 m at 6.38 g/t 2PGE+Au from 43 m in drill hole DD21SA30;
  • Assays pending for a 110-metre chromite-bearing ultramafic intercept in step-out hole DD21SA42;
  • Advancement of NW mineralized zone, situated ~250 metres northwest of the resource:
    • All 6 drill holes intercepted target ultramafic (“UM”) intrusion (assays pending);
  • Upon completion of the final hole, both drill rigs to be mobilized to the Santo Amaro South target, 1.5 kilometres (“km”) south, to drill 200 m in 4 holes, and thereafter to the Massapê target, 30 km southwest, to drill 1000 m in 10 holes.

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

Santo Amaro Target and the 2019 Mineral Resource Domain

Santo Amaro is one of five currently defined PGE deposit areas at Pedra Branca, which together host an inferred resource totalling 1,067,000 ounces (“oz”) of 2PGE+Au contained in 27.2 million tonnes (“Mt”) grading 1.22 g/t 2PGE+Au. Summary Table of the 2019 Inferred Resource and Pedra Branca Resource Estimate NI 43-101 Technical Report, May 2019.

The 2019 Santo Amaro mineral resource was defined by 5 pre-ValOre drill holes spaced 45-60 m apart, along a collective geological trend of 215 m, which together comprise an inferred resource of 203,000 oz at 1.19 g/t 2PGE+Au in 5.3 Mt. To improve geological constraint for the next resource re-estimation, 10 scissor holes were drilled in 2021 from 5 pads (2 holes per pad) to the north of the resource holes, with each pad having 1 vertical hole (-90° dip) and 1 angled hole to the south (-50° dip). Shallow, well-mineralized 2PGE+Au intercepts have been returned for all holes received to date (7 received, 12 pending), greatly improving drill-confirmed defined continuity of the resource area and exposing strong resource upside to the east and southeast of previous drilling. See Table 1 below for a summary of significant drill core assays from the 2021 scissor holes and CLICK HERE for a plan map of Santo Amaro drilling to date (Figure 1).

Resource Expansion Potential Along Strike

While PGE mineralization in the UM intrusion that hosts the Santo Amaro resource remains open in both directions along strike, the easterly extension exhibits a potential thickening of the target package and was subsequently targeted with 2 holes in 2021. Both holes intercepted broad, shallow intervals of chromite-bearing UMs along trend from the existing resource, with DD21SA42 transecting 110 m of the target host intrusion and DD21SA40 transecting 24 m (assays pending).

The resource strike potential also remains open to the west, as evidenced by western-most 2020 drill hole DD20SA23, which returned 20 m at 0.98 g/t 2PGE+Au from surface (CLICK HERE for news release dated January 15, 2021). Potential geological continuity has been built with the advancing Northwest target area, which would more than double the trend of shallow PGE-bearing ultramafics at Santo Amaro.

Northwest Target Area (“NW”)

An emerging shallow PGE body approximately 250 m north-northwest of the resource area was drilled with 6 holes totaling 729 m in Q3-Q4 2021, with the goal of incorporating the zone into a future inferred resource estimate. All 6 holes intercepted the target shallow UM intrusion, building strong geological continuity across the 200 m by 300 m zone. Assays remain pending for 5 out of the 6 NW holes, with the DD21SA27 returning 31 m at 0.26 g/t 2PGE+Au from 88 m, including 4.0 m at 0.99 g/t 2PGE+Au from 88 m.

Table 1: Significant Core 2PGE+Au Assays from 2021 Santo Amaro Drilling (Partial Results)

Hole ID** From
(m)		 To
(m)		 Length
(m)		 Au
(g/t)		 Pd
(g/t)		 Pt
(g/t)		 2PGE+Au
(g/t)		 Summary Interval
DD21SA25 41.90 99.76 57.86 0.01 0.29 0.30 0.60 58 m at 0.60 g/t 2PGE+Au from 42 m
DD21SA26 34.02 62.60 28.58 0.04 0.54 0.26 0.83 29 m at 0.83 g/t 2PGE+Au from 34 m
incl. 12 m at 1.12 g/t 2PGE+Au from 43 m
43.00 55.00 12.00 0.02 0.73 0.37 1.12
DD21SA27 8.50 13.00 4.50 0.01 0.12 0.12 0.26 4.5 m at 0.26 g/t 2PGE+Au from 8.5 m
and 31 m at 0.26 g/t 2PGE+Au from 88 m
incl. 4.0 m at 0.99 g/t 2PGE+Au from 88 m
88.00 119.00 31.00 0.01 0.17 0.08 0.26
88.00 92.00 4.00 0.02 0.73 0.25 0.99
DD21SA28 19.95 27.60 7.65 0.05 1.30 1.60 2.96 7.7 m at 2.96 g/t 2PGE+Au from 20 m
incl. 3.0 m at 5.24 g/t 2PGE+Au from 22 m
22.00 25.00 3.00 0.08 2.55 2.60 5.24
DD21SA29 22.55 51.42 28.87 0.14 0.89 0.38 1.41 29 m at 1.41 g/t 2PGE+Au from 23 m
DD21SA30 42.55 78.15 35.60 0.02 1.16 1.05 2.22 36 m at 2.22 g/t 2PGE+Au from 43 m
incl. 9.1 m at 6.38 g/t 2PGE+Au from 43 m
42.55 51.67 9.12 0.03 3.28 3.07 6.38
DD21SA32 18.14 41.00 22.86 0.03 0.84 0.20 1.07 23 m at 1.07 g/t 2PGE+Au from 18 m
incl. 8.0 m at 2.13 g/t 2PGE+Au from 22 m
22.00 30.00 8.00 0.06 1.71 0.36 2.13

*Reported core assay interval lengths are estimated to represent 90-100% true width
**Assays pending for drill holes DD21SA31, and DD21SA33 to DD21SA42

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.

ValOre PGE Assays from Metallurgical Drilling at Pedra Branca Confirm Historical Drilling Averages in Curiu and Esbarro Zones
Drill Hole DD21ES15C significantly exceeds previous results: 77 m at 2.95 g/t 2PGE+Au from surface, incl. 6.4 m at 16.92 g/t 2PGE+Au and 0.52 g/t Rh from 29.7 m

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

“We are very encouraged by confirmatory drill core assay results from the Esbarro and Curiu PGE deposits, which returned impressive, high-grade palladium-platinum through broad intercepts from surface,” stated ValOre’s VP of Exploration, Colin Smith. “In addition, we welcome metallurgist Chris Kaye to the ValOre team, whose extensive experience will help accelerate the advancement of the Pedra Branca Project.”

Key Updates on Metallurgical Drilling, Testwork and Personnel:

  • Ten HQ-size core drill holes totaling 591 metres (“m”) at the Curiu and Esbarro PGE deposit areas were completed, logged, sampled and assayed prior to planned metallurgical testwork;
  • All 10 drill holes confirmed the historically reported geology and returned high-grade, shallow PGE-mineralized intercepts including:
    • 77 m at 2.95 g/t 2PGE+Au from surface, incl. 45 m at 4.76 g/t 2PGE+Au, 0.1 g/t Rh from 16 m, and 6.4 m at 16.92 g/t 2PGE+Au and 0.52 g/t Rh from 30 m in drill hole DD21ES15C
    • 49 m at 2.03 g/t 2PGE+Au from 19 m, incl. 4.6 m at 11.94 g/t 2PGE+Au, 0.25 g/t Rh from 23.68 m in Drill hole DD21CU12A
    • 77 m at 1.01 g/t 2PGE+Au from surface in drill hole DD21PBE30A
    • 47 m at 1.51 g/t 2PGE+Au from surface in drill hole DD21CU12A;
  • Highly experienced metallurgist, Chris Kaye, has been engaged to oversee the current and future testwork campaigns;
  • Metallurgical testwork program at ALS Metallurgy Kamloops (“ALS”) expected to commence mid-October, with a primary focus on mineralogy and conventional processing circuits;
  • Composite samples have been selected and shipped.

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

2021 Metallurgical Drill Program

Ten HQ-size core drill holes (totaling 591 m) were completed to provide PGE mineralized material for planned metallurgical testwork. Six holes (378 m) were drilled into the Esbarro deposit (394,000 ounces 2PGE+Au contained in an inferred resource of 9.9 million tonnes (“Mt”) grading 1.23 g/t 2PGE+Au), and four holes (213 m) were drilled into the Curiu deposit (1.6 Mt grading 1.93 g/t 2PGE+Au, containing 100,000 ounces).

All drill holes confirmed the historically reported mineralized ultramafic (“UM”) intrusion and returned broad, shallow, high-grade 2PGE+Au intercepts. See Table 1 below for a complete table of drill core assays and CLICK HERE for a map of the metallurgical drill hole locations at Esbarro and Curiu (Figure 1).

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

Deposit Hole ID From
(m)		 To
(m)		 Length
(m)		 Au
 (g/t)		 Pd
(g/t)		 Pt
(g/t)		 2PGE+Au
(g/t)		 Summary Interval
Esbarro DD21ES15C 0.00 77.00 77.00 0.04 2.06 0.85 2.95 77 m at 2.95 g/t 2PGE+Au from surface
incl. 45 m at 4.76 g/t 2PGE+Au, 0.1 g/t Rh from 16 m
and 6.4 m at 16.92 g/t 2PGE+Au 0.52 g/t Rh from 30 m
16.00 61.00 45.00 0.04 3.33 1.38 4.76
29.65 36.00 6.35 0.10 11.66 5.17 16.92
Esbarro DD21PBE30A 0.00 77.00 77.00 0.05 0.64 0.32 1.01 77 m at 1.01 g/t 2PGE+Au from surface
incl. 13 m at 2.71 g/t 2PGE+Au from 36 m
and 2.7 m at 7.82 g/t 2PGE+Au, 0.18 g/t Rh from 37 m
36.03 49.00 12.97 0.02 1.79 0.91 2.71
36.69 39.36 2.67 0.04 5.19 2.58 7.82
Esbarro DD21RW005A 0 56.12 56.12 0.01 0.73 0.39 1.13 56 m at 1.13 g/t 2PGE+Au from surface
incl. 17 m at 2.38 g/t 2PGE+Au from 17 m
and 1.3 m at 12.96 g/t 2PGE+Au from 17 m
16.77 33.64 16.87 0.02 1.61 0.75 2.38
16.77 18.08 1.31 0.03 9.41 3.52 12.96
Esbarro DD21PBE17A 0.00 31.34 31.34 0.01 1.48 0.45 1.95 31 m at 1.95 g/t 2PGE+Au from surface
incl. 18 m at 3.14 g/t 2PGE+Au from surface
0.00 17.81 17.81 0.01 2.45 0.68 3.14
Esbarro DD21ES13A 0.00 32.33 32.33 0.04 0.78 0.27 1.10 32 m at 1.10 g/t 2PGE+Au from surface
incl. 21 m at 1.47 g/t 2PGE+Au from surface
and 6.0 m at 2.80 g/t 2PGE+Au from surface
0.00 21.00 21.00 0.06 1.10 0.31 1.47
0.00 6.00 6.00 0.12 2.15 0.54 2.80
Esbarro DD21PBE35A 9.54 42.00 32.46 0.01 0.62 0.39 1.03 32 m at 1.03 g/t 2PGE+Au from 9.5 m
incl. 16 m at 1.67 g/t 2PGE+Au from 15 m
15.00 31.00 16.00 0.01 1.02 0.64 1.67
Curiu DD21CU12A 18.97 68.18 49.21 0.06 1.25 0.72 2.03 49 m at 2.03 g/t 2PGE+Au from 19 m
incl. 4.6 m at 11.94 g/t 2PGE+Au, 0.25 g/t Rh from 24 m
23.68 28.25 4.57 0.12 7.77 4.06 11.94
Curiu DD21CU26A 0.00 17.80 17.80 0.14 2.46 1.70 4.30 18 m at 4.30 g/t 2PGE+Au from surface
Curiu DD21CU22A 0.00 47.00 47.00 0.06 0.86 0.59 1.51 47 m at 1.51 g/t 2PGE+Au from surface
incl. 8.0 m at 4.47 g/t 2PGE+Au from surface
and 2.5 m at 3.89 g/t 2PGE+Au from 28 m
0.00 8.00 8.00 0.16 2.31 2.00 4.47
27.80 30.30 2.50 0.10 2.73 1.06 3.89
Curiu DD21CU15A 0.00 37.00 37.00 0.05 1.00 0.65 1.70 37 m at 1.70 g/t 2PGE+Au from surface
incl. 5.9 m at 5.30 g/t 2PGE+Au from 1.0 m
1.00 6.85 5.85 0.12 2.79 2.40 5.30

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

ALS Metallurgy Testwork Program

The ALS testwork program will comprise a detailed mineralogical assessment and conventional flotation tests on a composite sample of ¼ HQ drill core from the Curiu deposit. A Particle Size Analysis (“PSA”) study will be performed prior to the mineralogical assessment, and subsequent rougher floatation, Davis Tube and magnetic separation rougher tests will be completed. Assays will be taken on the heads, fractions, and final test products to assess metallurgical recoveries.

Historical metallurgical testing of material from the Pedra Branca project has involved assessing a range of different processing alternatives, including conventional treatment such as grinding, and flotation as it relates to alterations and material types. This testwork has produced a valuable insight into the metallurgical response of the different material types associated with the project; particularly with respect to the Curiu material. The ALS metallurgical testwork program is designed to leverage from this historical testing and incorporate mineralogical assessment of rock types while evaluating modifications to the processing route and optimizing the treatment criterion developed to date.

About ALS Metallurgy Kamloops

ALS has established a reputation as a leader in process development, circuit optimization and mineralogical analysis. As the global leader in metallurgical testing and consulting services for mineral process flowsheet development and optimization, ALS offers mineral processing testing by both bench scale and pilot scale facilities, hydrometallurgical and mineralogical test services, and project management by expert metallurgists.

CLICK HERE for more information regarding ALS Metallurgy Kamloops.

Chris Kaye, Metallurgist

ValOre will draw on the experience of metallurgist, Chris Kaye (President & Principal Process Engineer of Mine and Quarry Engineering Services Inc., “MQes”), to oversee current and future metallurgical testwork programs for Pedra Branca. Chris has over 35 years’ experience in mining and mineral processing, working with operating mines, engineering companies and consulting companies. He has expertise in PGEs, Gold, Silver, Copper, Nickel, Lead, Zinc and Aluminum projects in Australia, Finland, Canada, Zambia, Argentina, Chile, Mexico and the USA, with extensive experience in project development, managing plants, and developing “green-field” projects.

CLICK HERE for more information regarding MQes.

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.

Vancouver, B.C. ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today provided an update on resource expansion drilling at the Trapia 1 and Trapia 2 target areas (“Trapia”), of ValOre’s 100%-owned Pedra Branca Platinum Group Element (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil.

“PGE assay results from ValOre’s 2020 and 2021 Trapia drill programs illustrate the significant potential for resource expansion. We have now tripled the strike length of known PGE mineralization at Trapia 1 and increased Trapia 2 strike length by a factor of five,” stated ValOre’s VP of Exploration, Colin Smith. “We eagerly await the recalculation of Trapia’s resource estimates, which we expect to initiate in Q4, 2021.”

Highlights of 2020 and 2021 Resource Expansion Drilling at Trapia 1 and Trapia 2:

  • Tripled known strike length of drill-confirmed PGE mineralization at Trapia 1, from 155 metres (“m”) to 470 m, and increased strike length by a factor of over five at Trapia 2, from 90 m to 490 m;
  • Established a new PGE zone 400 metres (“m”) to the northeast and along trend from current Trapia 2 resource area;
  • Confirmed and broadened up-dip surface PGE mineralization outside of the currently defined Trapia 1 resource;
  • Intercepted thickened, high-grade PGE mineralization down-dip and outside of currently defined resources at both Trapia 1 and Trapia 2.

Table 1: Summary of 2019 Trapia Inferred Mineral Resources and 2020-2021 Drill Upside

Deposit Tonnage Pd Grade
(g/t)		 Pt Grade
(g/t)		 Au Grade
(g/t)		 2PGE+Au Grade
(g/t)		 2PGE+Au
(Ounces)		 Pre-ValOre DDHs in 2019 Inferred Pit-Constrained Resource 2020-2021 DDHs
(>10 gram x metre 2PGE+Au intercepts)
Trapia 1 2,600,000 0.71 0.36 0.03 1.09 92,000 7 14 of 23
Trapia 2 1,700,000 0.79 0.31 0.04 1.14 62,000 3 8 of 14
Trapia West 1,800,000 0.63 0.45 0.03 1.12 64,000 7 did not drill
TOTAL 6,100,000 0.71 0.37 0.03 1.11 218,000 17 22 of 37

Resource Expansion Drilling at Trapia

ValOre’s 2020 and 2021 drill programs have successfully extended PGE mineralization outside of the inferred resources at both the Trapia 1 and Trapia 2 deposits. Figures 1a and 1b show the location of the 2020 and 2021 core drill holes within the Trapia 1 (5,280 m in 23 holes) and Trapia 2 (2,240 m drilled in 14 holes) target areas.

Table 1 (above) summarizes the Trapia 2019 pit-constrained NI 43-101 inferred resource and illustrates the PGE resource expansion potential from ValOre’s 2020 and 2021 drill core assay results. A 10 “gram x metre” 2PGE+Au threshold was applied, based on the two lowest gram x metre assay intervals of resource holes, drill hole DD09TD03 (7.53 gram x metre hole in Trapia 2 resource) and drill hole DD09TU08 (9.61 gram x metre hole in Trapia 1 resource).

At Trapia 1, the strike length of drill-confirmed PGE mineralization has tripled from 155 m to 470 m, as corroborated by 14 drill intercepts of PGE mineralization in 15 drill holes (2020 and 2021) south of the 2019 inferred resource, including:

  • Drill hole DD20TU20: 76.74 m at 1.25 g/t 2PGE+Au from 176.81 m
  • Drill hole DD21TU22: 59.20 m at 1.09 g/t 2PGE+Au from 172.80 m
  • Drill hole DD21TU25: 57.35 m at 1.00 g/t 2PGE+Au from 238.15 m
  • Drill hole DD20TU13: 61.85 m at 0.81 g/t 2PGE+Au from 217.15 m

The strike length extension was accomplished after ValOre’s geologists reinterpreted the structural and geological model at Trapia 1 and established that the PGE-mineralized intrusion was not truncated by a fault along the southern resource margin, as previously interpreted by past operators, but remained fully intact and stepped down by 40 to 50 m. As such, historical resource expansion holes to the south of the stepdown were stopped short of the PGE-bearing ultramafic (“UM”) intrusion. Strike potential of the mineralized UM target remains open in both directions (north-northeast and south-southwest). See Figure 2 below for a plan map of 2020 and 2021 core drill holes at Trapia 1, compared with the 2019 inferred resource holes.

ValOre drilling has also confirmed and broadened the up- and down-dip high-grade PGE mineralization outside of the currently defined resource area, including the up-dip, surface PGE intercept in drill hole DD20TU10, which graded 52.37 m at 1.24 g/t 2PGE+Au from 0.45 m; and down-dip drill holes DD20TU12, with 100.42 m grading 0.76 g/t 2PGE+Au from 93.15 m, and DD21TU21 which graded 1.29 g/t 2PGE+Au over 71.90 m from 134.95 m depth.

Figure 2: Plan Map of 2020 and 2021 Core Drill Holes at Trapia 1, Compared with 2019 Resource

Figure 2: Plan Map of 2020 and 2021 Core Drill Holes at Trapia 1, Compared with 2019 Resource

At Trapia 2, ValOre’s 2020 and 2021 core drilling has increased the drill-confirmed PGE-mineralized strike length by a factor of greater than five times, from 90 m to 490 m. This includes a new PGE zone situated 400 m to the northeast and along trend from current resource area, supported by six PGE drill intercepts in seven core holes from 2020 and 2021. In addition, geological continuity of the UM host rocks was established for over 800 m of geological trend, which remains open in both directions. See Figure 3 below for a plan map of 2020 and 2021 core drill holes at Trapia 2, compared with the 2019 inferred resource holes.

ValOre’s 2020 and 2021 drilling produced the top two core holes to date from a 2PGE+Au gram x metre interval perspective at Trapia 2, and five of the top six, including:

  • Drill hole DD21TD14: 11.27 m at 2.10 g/t 2PGE+Au from 152.48 m (released today)
  • Drill hole DD21TD16: 45.45 m at 0.61 g/t 2PGE+Au from 178.55 m (released today)
  • Drill hole DD21TD17: 21.60 m at 0.49 g/t 2PGE+Au from 43.80 m (released today)
  • Drill hole DD20TD13: 45.62 m at 0.54 g/t 2PGE+Au from 9.10 m
  • Drill hole DD20TD07: 52.15 m at 0.49 g/t 2PGE+Au from 4.85 m

Figure 3: Plan Map of 2020 and 2021 Core Drill Holes at Trapia 2, Compared with 2019 Resource

Figure 3: Plan Map of 2020 and 2021 Core Drill Holes at Trapia 2, Compared with 2019 Resource

Table 2 summarizes significant PGE assay results from 2020 and 2021 Trapia 1 and Trapia 2 core drilling.

Trapia Target Areas and the 2019 Mineral Resource Domain

Trapia is one of five currently defined PGE deposit areas at Pedra Branca, which together host an inferred resource totalling 1,067,000 ounces of 2PGE+Au contained in 27.2 million tonnes (“Mt”) grading 1.22 g/t 2PGE+Au. Summary Table of the 2019 Inferred Resource and Pedra Branca Resource Estimate NI 43-101 Technical Report, May 2019.

The Trapia mineral resource comprises three separate UM intrusive areas within a 2-kilometre radius: Trapia 1, Trapia 2 and Trapia West. Specifically, Trapia 1 represents 92,000 ounces of the aggregate Trapia inferred resources of 219,000 ounces at 1.10 g/t 2PGE+Au (6.2 Mt), and Trapia 2 represents 62,000 ounces of the aggregate Trapia inferred resource.

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 39 exploration licenses covering a total area of 39,987 hectares (98,810 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: 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.

Trapia Resource Expansion Drilling: Sept 2, 2021 News Release – Sept 2, 2021

High-Grade PGE Discoveries: Massape and Santo Amaro South – Sept 1, 2021

Vancouver, B.C. ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today announced assay results for two chromitite reef outcrop samples, 25 Trado® auger holes and five trenches from the Massapê target area at ValOre’s 100%-owned Pedra Branca Platinum Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil. The high-grade Massapê discovery is situated approximately four kilometres (“km”) along trend to the north of the Trapia deposit area, which is included in ValOre’s global 2019 NI 43-101 Pedra Branca inferred resource of 1,067,000 ounces (“oz”) 2PGE+Au contained in 27.2 million tonnes (“Mt”) grading 1.22 g/t 2PGE+Au. CLICK HERE for a regional map of the Massapê target and Pedra Branca project (Figure 1).

“2021 exploration at Massapê indicates the presence of a near-surface PGE zone extending to the south of historical drilling, where palladium and platinum mineralization was encountered in 3 of 5 historical holes,” stated ValOre’s VP of Exploration, Colin Smith. “The discovery of correlative high-grade and chromitite reef outcrops within three broadly mineralized trenches south of historical drilling warrants 500 m of follow-up core drilling for Massapê as part of a 1000 metre expansion to the on-going program.”

Massapê Discovery Trenching, Trado® Auger Drilling and Rock Sampling Highlights:

  • High-grade PGE assay results from two chromitite reef outcrop samples:
    • 13.96 grams per tonne palladium + platinum + gold (“g/t 2PGE+Au”), and
    • 6.77 g/t 2PGE+Au;
  • These two high-grade PGE samples extend known PGE mineralization an additional 200 metres (“m”), creating a total Massapê target strike length of >800 m (remains open to south);
  • All 5 trenches* completed along the Massapê target trend in 2021 returned significant intervals of PGE mineralization, including:
    • 15 m at 1.65 g/t 2PGE+Au, incl. 6 m at 3.40 g/t 2PGE+Au
    • 54 m at 0.39 g/t 2PGE+Au, incl. 2 m at 1.14 g/t 2PGE+Au, and 9 m at 1.2 g/t 2PGE+Au
    • 28 m at 0.44 g/t 2PGE+Au;
  • Trado® auger drilling returned surface PGE assay results in 15 of 25 holes, with assay highlights including:
    • 3.5 m at 0.87 g/t 2PGE+Au from surface, including 1.5 m at 1.3 g/t 2PGE+Au from 2 m
    • 4 m at 0.59 g/t 2PGE+Au from surface, including 1 m at 1.84 g/t 2PGE+Au from 1 m
    • 11 m at 0.34 g/t 2PGE+Au from surface
    • 8 m at 0.36 g/t 2PGE+Au from surface;
  • Excellent exploration upside remains, with the currently defined >800-metre-long mineralized ultramafic (“UM”) trend fully open to the south, in the direction of improving in-situ PGE grades and strong magnetic signature;
  • Massapê target is drill-ready, with 500 m of core drilling planned for September as part of the planned 1000 metre expansion to the previously announced DDH program.

*Reported trench assay interval lengths are channel samples and estimated to represent 80-90% true width

Massapê Target 2021 Exploration: Trenching, Trado® Auger Drilling and Rock Sampling

Compilation and review of historical data from Massapê revealed considerable geochemical, geophysical, and geological similarities to the PGE deposits which comprise ValOre’s current NI 43-101 inferred resource, and consequently designated the target as high priority. The application of ValOre’s proven and effective systematic exploration methodology was deployed and served to rapidly advance Massapê to drill-ready stage (CLICK HERE for news release dated March 23, 2021; CLICK HERE for news release dated April 26, 2021; CLICK HERE for news release dated July 12, 2021; and CLICK HERE for news release dated August 23, 2021). Given the continued success of ValOre’s sequential exploration methodology, district-wide target generation and assessment has been being accelerated.

The Massapê target area is characterized by strong historical PGE-in-soil anomalies, high-grade historical and ValOre surface grab samples (including 13 samples >10 g/t 2PGE+Au over 800 m of geological trend), a compelling >1-km-long magnetic anomaly, strong local WorldView spectral signatures (CLICK HERE for additional information on WorldView spectral data), and PGE mineralization in 3 of 5 historical core drill holes.

ValOre conducted detailed geological mapping and prospecting of the 1 km-long trend and followed-up with 25 Trado® auger holes (122 m total, equating to 129 samples) and 5 trenches (216 m total). At-surface, PGE-bearing UM or UM-derived rocks were intercepted in 15 of 25 Trado® holes, and in all 5 trenches, confirming the presence of in-situ surface PGE mineralization along a geological trend of approximately 800 m. CLICK HERE for a plan map of the Massape target (Figure 2).

Trench channel sample assay highlights include multiple high-grade PGE results from the three southernmost trenches, including:

  • TR21MS05: 15 m at 1.65 g/t 2PGE+Au, including 6 m at 3.4 g/t 2PGE+Au;
  • TR21MS03: 54 m at 0.39 g/t 2PGE+Au, including 2 m at 1.14 g/t 2PGE+Au and 9 m at 1.2 g/t 2PGE+Au;
  • TR21MS04 : 28 m at 0.44 g/t 2PGE+Au.

CLICK HERE for detailed trench cross sections (Figures 3a, 3b, 3c) and see Table 1 below for a summary of significant assay results for all 5 trenches.

High-grade PGE assays (13.96 g/t 2PGE+Au and 6.77 g/t 2PGE+Au) were returned from two samples collected from correlative chromitite reefs exposed in trenches TR21MS04 and TR21MS05, extending known PGE mineralization for an additional 200 m to the south of the existing historical core drilling area. CLICK HERE for detailed sample photographs (Figure 4).

Trado® auger assay highlights include holes AD21MS19, which returned 3.5 m at 0.87 g/t 2PGE+Au from surface, including 1.5 m at 1.3 g/t 2PGE+Au from 2 m, and hole AD21MS14 which returned 11 m at 0.34 g/t 2PGE+Au from surface. See Table 1 below for a summary of significant Trado® assay results.

Table 1: Trado® Auger Drilling and Trenching Highlights

Hole ID Type From
(m)		 To
(m)		 Length*
(m)		 2PGE+Au
(g/t)		 2PGE+Au
Interval Summary
AD21MS03 Auger 0 2 2 0.19 2 m at 0.19 g/t 2PGE+Au from surface
AD21MS04 Auger 0 4 4 0.27 4 m at 0.27 g/t 2PGE+Au from surface
AD21MS07 Auger 0 2.4 2.4 0.16 2.4 m at 0.16 g/t 2PGE+Au from 1 m
AD21MS08 Auger 0 1 1 0.10 1 m at 0.1 g/t 2PGE+Au from surface
AD21MS11 Auger 0 1 1 0.14 1 m at 0.14 g/t 2PGE+Au from surface
AD21MS12 Auger 0 1 1 0.11 1 m at 0.11 g/t 2PGE+Au from surface
AD21MS13 Auger 0 2.5 2.5 0.19 2.5 m at 0.19 g/t 2PGE+Au from surface
AD21MS14 Auger 0 11 11 0.34 11 m at 0.34 g/t 2PGE+Au from surface
AD21MS15 Auger 0 12 12 0.19 12 m at 0.19 g/t 2PGE+Au from surface
AD21MS16 Auger 0 12 12 0.16 12 m at 0.16 g/t 2PGE+Au from surface
AD21MS17 Auger 0 8 8 0.36 8 m at 0.36 g/t 2PGE+Au from surface
AD21MS18 Auger 0 2 2 0.18 2 m at 0.18 g/t 2PGE+Au from surface
AD21MS19 Auger 0 3.5 3.5 0.87 3.5 m at 0.87 g/t 2PGE+Au from surface
incl. 1.5 m at 1.3 g/t 2PGE+Au from 2 m
2 3.5 1.5 1.30
AD21MS20 Auger 0 4 4 0.59 4 m at 0.59 g/t 2PGE+Au from surface
incl. 1 m at 1.84 g/t 2PGE+Au from 1 m
1 2 1 1.84
AD21MS24 Auger 0 13 13 0.25 13 m at 0.25 g/t 2PGE+Au from surface
TR21MS01 Trench 1 29 28 0.12 28.00m at 0.12 g/t 2PGE+Au
TR21MS02 Trench 3 5.1 2.1 0.57 2.1 m at 0.57 g/t 2PGE+Au
and 6 m at 0.20 g/t 2PGE+Au
17 23 6 0.20
TR21MS03 Trench 7 61 54 0.39 54.00m at 0.39 g/t 2PGE+Au
incl. 16.00m at 0.41 g/t 2PGE+Au
incl. 2.00m at 1.14 g/t 2PGE+Au
and 15.00m at 0.18 g/t 2PGE+Au
and 9.00m at 1.20 g/t 2PGE+Au
7 23 16 0.41
9 11 2 1.14
30 45 15 0.18
52 61 9 1.20
TR21MS04 Trench 5 33 28 0.44 28.00m at 0.44 g/t 2PGE+Au
TR21MS05 Trench 33 48 15 1.65 15.00m at 1.65 g/t 2PGE+Au
incl. 6.00m at 3.40 g/t 2PGE+Au
39 45 6 3.40

*Reported trench assay interval lengths are channel samples and estimated to represent 80-90% true width

About Trado® Auger Drilling and Trenching Methodology

Please CLICK HERE to view ValOre’s news release of March 23, 2021 for detailed information regarding Trado® auger drilling and trenching methodologies.

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 39 exploration licenses covering a total area of 39,987 hectares (98,810 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.

Vancouver, B.C. ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTC: KVLQF; Frankfurt: KEQ0, “the Company”) today announced a Reverse Circulation (“RC”) drilling discovery at ValOre’s 100%-owned Pedra Branca Platinum Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil.

“ValOre rapidly advanced the Santo Amaro South target to drill-ready stage by the implementation of systematic 2021 mapping, Trado® auger drilling and trenching,” stated ValOre’s VP of Exploration, Colin Smith. “RC drill hole RC21SAS03 confirms the presence of broad high-grade surface PGE mineralization at Santo Amaro South and further validates ValOre’s sequential exploration methodology, which has been re-initiated to expand upon the discovery hole.”

Highlights of Santo Amaro South RC Drilling Discovery:

  • Drill hole RC21SAS03*
    • 32 metres (“m”) grading 1.65 grams per tonne palladium + platinum + gold (“g/t 2PGE+Au”) from surface, incl. 6 m grading 3.07 g/t 2PGE+Au from 2.00 m;
  • Near-surface (15 m or less) PGE mineralization intersected in all five 2021 RC holes;
  • RC drill targets developed from 2021 Trado® auger drilling and trenching results (CLICK HERE for news release dated March 23, 2021), further validating ValOre’s systematic exploration methodology;
  • Excellent exploration upside characterized by a >1-kilometre (“km”) long ultramafic (“UM”) trend identified by geological mapping, and an 800 x 400 m PGE-in-soils and magnetic anomaly;
  • Follow-up Trado® auger drilling is on-going to further investigate the along-strike, near-surface extension of PGE mineralization, and subsequent diamond drilling is planned to expand upon the high-grade mineralization intersected in drill hole RC21SAS03.

*Reported assay interval lengths are core lengths, and are estimated to be 90-100% true width

Santo Amaro South Target and 2021 Exploration Summary

The Santo Amaro South (“SAS”) target is located in the northern project area, 1.5 km south of the Santo Amaro deposit, which is included in ValOre’s global 2019 NI 43-101 Pedra Branca inferred resource of 1,067,000 ounces (“oz”) 2PGE+Au in 27.2 million tonnes (“Mt”) grading 1.22 g/t 2PGE+Au. CLICK HERE for a regional map of Santo Amaro South target and Pedra Branca project (Figure 1).

As part of ValOre’s exploration methodology (CLICK HERE for news release dated July 12, 2021), SAS was identified as a highly prospective and underexplored target based on extensive historical soil and geophysical anomalies, and the presence of multi-class WorldView spectral signatures (CLICK HERE for additional information on WorldView spectral data). Detailed 2021 field mapping and prospecting defined a greater than 1-km-long belt of target UM rocks, associated with strong magnetic and geochemical anomalism.

Systematic Trado® auger drilling was performed along-trend, with 19 vertical holes (71 total samples), confirming the presence target UM rocks and continuity of surface PGE mineralization. Five linear east-west trenches (398 m total) were subsequently excavated, with channel sample assays confirming surface in-situ PGE mineralization in 4 out of the 5 trenches (CLICK HERE for news release dated March 23, 2021).

Trado® hole logging, trench mapping, and subsequent assay results served to define multiple un-drilled, north-south-trending mineralized UM packages which exceeded 400 m in length and remain open along both directions of geological trend. CLICK HERE for a plan map of the SAS target (Figure 2).

SAS was tested with five 2021 vertical RC drill holes (totaling 282 m), with all 5 holes returning PGE-mineralized assays over a geological trend of 400 m. A broad, surface PGE discovery was made in RC drill hole RC21SAS03, which assayed 32 m grading 1.65 g/t 2PGE+Au from surface, including 6 m grading 3.07 g/t 2PGE+Au from 2 m. Table 1 below summarizes highlight intervals from 2021 RC drilling at SAS. CLICK HERE for a cross section of drill hole RC21SAS03 (Figure 3).

Table 1: Santo Amaro South RC Drilling Highlights

Hole ID From
(m)		 To
(m)		 Length*
(m)		 2PGE+Au
(g/t)		 2PGE+Au
Interval Summary
RC21SAS01 0 11 11 0.21 11 m grading 0.21 g/t 2PGE+Au from surface
RC21SAS01A 6 22 16 0.26 16 m grading 0.26 g/t 2PGE+Au from 6 m
RC21SAS02 14 21 7 0.20 7 m grading 0.20 g/t 2PGE+Au from 14 m
and 19 m grading 0.23 g/t 2PGE+Au from 60 m
60 79 19 0.23
RC21SAS03 0 32 32 1.65 32 m grading 1.65 g/t 2PGE+Au from surface
incl. 6 m grading 3.07 g/t 2PGE+Au from 2 m
and 2 m grading 2.08 g/t 2PGE+Au from 23 m
2 8 6 3.07
23 25 2 2.08
RC21SAS04 6 19 13 0.15 13 m grading 0.15 g/t 2PGE+Au from 6 m
 

* Reported assay interval lengths are core lengths, and are estimated to be 90-100% true width

On-Going Exploration, Santo Amaro South

Additional Trado® auger drilling is on-going to follow-up the best Trado® and RC assays to date and to further investigate the near-surface continuity of PGE mineralization along strike. Subsequent diamond drilling is planned to expand upon the high-grade mineralization intersected in drill hole RC21SAS03.

RC Drilling and Sampling Methodology

RC drill holes are drilled in 3-metre-long by 4.5-inch diameter run lengths. One large sample is collected every metre, dried out by the cyclone, and deposited directly into previously labeled plastic sample bags. If the material is dry, the cyclone is cleaned every 3 metres with pressurized air. If humid or wet, the cyclone is cleaned at every metre. Each sample is weighed at the drill site, with an average of 20-30 kilograms (“kg”) per obtained sample (for 100% recovery). A representative sample is collected, sieved, and washed to remove excess dust. This sample is then deposited into a plastic chip case for logging procedures and future reference. Magnetic susceptibility measurements are taken at the drill site for each metre-long interval. The large samples collected from the cyclone are transported to a secure sampling and splitting facility in Capitão Mor. Each sample goes into a Jones Riffle Splitter, and 2 aliquots of approximately 2 kg, and minimum of 500 grams (“g”), are collected into two new sample bags. One sample is retained at site as archive, and the other is submitted for assay. The splitter is cleaned before the splitting of every new sample in a two-step procedure: (1) initially and manually with a paint brush; and (2) thereafter with pressurized air. The residual volume of each sample material is discarded. A strict Quality Control/Quality Assurance (“QA/QC”) program is applied to all samples, which included insertion of certified mineralized standards, blank samples and duplicates in every batch sent for assays.

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 estimated 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 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: 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.

New Tenements: Galante East & NE Trend – July 29, 2021