*This statement has been translated by an automatic system.

Vancouver, British Columbia, ^{25 of} September 2023 – ValOre Metals Corp. (“ValOre”; TSX – V: VO; OTCQB: KVLQF; Frankfurt: KEQ0, “the Company”) today reported the results of the first trials of the recently completed 2023 phase. 1 core on the Pedra Branca Platinum Group Elements (“PGE”, “2PGE+Au”) (“Pedra Branca”) project, 100% owned by ValOre, in northeastern Brazil.

“Drilling results from DD23TU33 indicate a broad interval of high-grade mineralization intersected in a graded hole 150 meters south of the existing resource at Trapia 1, highlighting the potential for expansion of the resource. It is important to note that this broad intersection contains a high-sulfide PGE-Ni-Cu interval that could be located by geophysical methods. said Thiago Diniz, Director ValOre Metals Corp. Exploration “The Trapia 1 results have ramifications for other known areas of the Pedra Branca project, as they clearly demonstrate significant resource expansion potential at depth and from previous drilling.”

Reflexes

Trap 1

• Test results have been received for the first of four wells drilled in 2024 in the Trapia 1 deposit (total 1,326 m);
  • 71.8 meters (“m”) at 1.59 grams per tonne of palladium + platinum + gold (“g/t 2PGE+Au”) from 235.9 m, including 8.15 m at 10.54 g /t 2PGE+Au, 0.37% Ni and 0.11% Cu;
  • High-grade palladium-platinum and nickel-copper mineralization is associated with a sulfide-rich peridotite horizon at the bottom of the chromitite reef and is characterized by up to 5% disseminated brecciated pyrrhotite, pyrite, pentlandite and chalcopyrite (Figures 3). . and 4);
• PGE mineralization intersected 150m outside the existing NI 43-101 2022 resource at Trapia 1 (480,000 oz total Trapia 2022 NI 43-101 resource of 885,000 oz at 0.96 g/t);
• Pending analyzes for the remaining Trapia 1 wells, including DD23TU35 located upstream of DD23TU33; and DD23TU32, which represents an additional 150 m walk south along the strike and descent of DD23TU33.

2023 drilling program

• 6,152 m drilled in 49 wells spread over 8 distinct exploration and resource zones (see ValOre press release of September 21, 2023);
• 1,625 cores have been sent to the laboratory, with analyzes pending for 641 samples from 14 wells.
• Recently received assay results also include near-surface PGE mineralization drilled at the Ipueiras target, including:
  • 11.85 m with 0.55 g/t 2PGE+On leveling from surface, incl. 0.9 m grading 1.58 g/t 2PGE+Au from 2.65 m in hole DD23IP04;

Table 1: Drilling totals by area

Table 2: Main test highlights (g/t 2PGE+Au) reported today

**Reported center test interval lengths are estimated to be between 90% and 100% of the actual width.

Figure 1: Map of the Pedra Branca Project property, highlighting locations of 2023 drilling targets and current resource zones (“Trapia” includes four NI 43-101 2022 resource zones: Trapia 1, Trapia 2, Trapia West and Trapia South).

Figure 2: Long section of the Trapiá 1 deposit (towards the northeast) highlighting the location of drill hole DD23TU33 (today’s release) and the 300 m drill hole at DD23TU32, for which analyzes are waiting.

CLICK HERE for a summary of ValOre’s policies and procedures related to quality control and grade range reporting.

Qualified Person (“QP”)

The technical information contained in this press release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Thiago Diniz, P.Geo., QP and Director of Exploration of ValOre.

About ValOre Metals Corp.

ValOre Metals Corp. – V: VO) is a Canadian company whose team aims to deploy capital and expertise into projects that benefit from substantial up-front investment from previous owners, the existence of large-scale, high-value mineralization and the potential to add tangible value through exploration and innovation.

ValOre’s Pedra Branca Platinum Group’s Elementos project comprises 52 exploration licenses covering a total area of ​​56,852 hectares (140,484 acres) in northeastern Brazil. At Pedra Branca, 7 distinct areas of PGE+Au deposits together host an NI 43-101 2022 inferred resource of 2,198 Moz 2PGE+Au contained in 63.6 Mt grading 1.08 g/t 2PGE+ Au ( CLICK HERE see the press release of March 24, 2022). The ValOre team believes that the Pedra Branca project has significant potential for discovery and expansion in resource exploration.

On behalf of the board of directors,

“Jim Paterson”

James R. Paterson, President and CEO

ValOre Metals Corp.

For more information about ValOre Metals Corp. or this press release, please visit our website at www.valoremetals.com or contact Investor Relations at contacto@valoremetals.com .

ValOre Metals Corp. is a proud member of Discovery Group. For more information 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 press 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 are based on factors and assumptions regarding future events that may prove to be inaccurate. These factors and assumptions are based on information currently available to ValOre. These 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 results to differ materially from those expressed in these forward-looking statements. Factors that could cause actual results to differ materially from those indicated in the forward-looking statements include ValOre’s future operations and economic factors. Readers are cautioned not to place undue reliance on forward-looking statements. The statements contained in this press release are made as of the date of this press release and, except as required by applicable law, ValOre undertakes no obligation to publicly update or revise any of the included forward-looking statements , whether as a result of new information. , future events or others. ValOre undertakes no obligation to comment on any analyses, expectations or statements made by third parties regarding ValOre, or its financial or operational results or (if applicable), its securities.