ValOre Metals Corp. announced initial trench assay results from the Galante East target (“Galante East”) at ValOre's 100%-owned Pedra Branca Platinum Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil. Assays have been received for 6 of 7 trenches, with all 6 trenches returning PGE mineralization, including: 53 metres (“m”) grading 0.59 grams per tonne palladium + platinum + gold (“g/t 2PGE+Au”), including 6 m grading 1.07 g/t 2PGE+Au and 3 m grading 1.44 g/t 2PGE+Au in trench TR22GE01; 31 m grading 0.83 g/t 2PGE+Au, including 16 m grading 1.39 g/t 2PGE+Au and 4 m grading 3.86 g/t 2PGE+Au in trench TR22GE02; 19 m grading 0.54 g/t 2PGE+Au including 2 m grading 1.40 g/t 2PGE+Au in TR22GE05.

Assays are pending for the southernmost trench, TR22GE07, which intercepted 90 m of ultramafic and ultramafic-derived rocks ("UM” and “UM-derived”). The Galante East target is a 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). Previously reported reconnaissance mapping and prospecting, soil sampling and Trado® auger programs served to corroborate and refine the historically mapped target UM intrusions and associated PGE mineralization, and supported the completion of a 2022 trenching program to further advance this undrilled 3-km-long trend.

Detailed mapping and sampling were performed at seven trenches excavated at the Galante East target (471 metres in total length), with target UM intrusions intercepted in all 7 trenches, and initial PGE assays reported in this release for 6 of 7 trenches (TR22GE01 to TR22GE06). Assays are pending for trench TR22GE07.