ValOre Metals Corp. provided an exploration update, including Trado® auger and rock assay results from the Synform target (‘Synform') at ValOre's 100%-owned Pedra Branca Platinum Group Elements (‘PGE', ‘2PGE+Au') Project (‘Pedra Branca') in northeastern Brazil. A total of 1,049 soil samples and 195 rock samples have been collected to date in 2023, the results of which have guided follow-up Trado® augering and trenching programs. ValOre crews have completed 268 metres of Trado® augering in 67 holes, with 207 metres of ultramafics intercepted and 284 samples submitted for assay.

Trenching totals include 219 metres excavated in 2 trenches, with 183 metres of ultramafics exposed and 219 samples submitted for assay. Synform Target: Historical high-grade geochemical anomaly confirmed by Trado® auger and rock assay results; Follow up trenching is in progress; Trado® Auger PGE Highlights: 10 metres (‘m') @ 2.30 grams per tonne palladium + platinum + gold (‘g/t 2PGE+Au') from 0 m, incl. 2 m @ 9.47 g/t 2PGE+Au from 0 m - Trado® hole AD23SY02; 8 m @ 0.64 g/t 2PGE+Au from 0 m, including 2 m @ 1.44 g/t 2PGE+Au from 0 m - Trado® hole AD23SY03; Rock Assay PGE Highlights: 14.95 g/t 2PGE+Au - Rock sample 103556.

Massapê Southern Extension: Near-surface PGE mineralization extended to approximately 150 m south of the southernmost resource drill hole within the Massapê deposit. Follow up detailed soil survey is in progress; Trado® Auger PGE Highlights: 5 m @ 0.17 g/t 2PGE+Au from 0 m - Trado® hole AD23MS48; 3 m @ 0.13 g/t 2PGE+Au from 0 m - Trado® hole AD23MS49; 5 m @ 0.27 g/t 2PGE+Au from 0 m - Trado® hole AD23MS50; 5 m @ 0.30 g/t 2PGE+Au from 0 m - Trado® hole AD23MS51; 3 m @ 0.12 g/t 2PGE+Au from 0 m - Trado® hole AD23MS57. Talhado: Soil, rock and Trado® auger assay results confirmed historical PGE mineralization and returned local vanadium anomalies; Two follow up trenches have been excavated, with assays pending; Trado® Auger PGE Highlights: 5 m @ 0.21 g/t 2PGE+Au from 0 m - Trado® hole AD22TA05; 2 m @ 0.37 g/t 2PGE+Au from 0 m - Trado® hole AD22TA14; Rock Assay Vanadium Highlights: 6 chromite-rich rock samples ranging 0.15% to 0.20% V2O5, 12 to 19% Cr2O3, 1.4 to 1.8% TiO2, and 22 to 26% Fe2O3.

Pitombeiras: Extensive soil survey and Trado auger drilling completed covering cumulative 8 km along trend following up historical geochemical and geophysical anomalies. All assays pending; Several new ultramafic lenses mapped; Detailed follow up Trado® auger drilling is in progress.