ValOre Metals Corp. reported assay results from the Salvador Target as part of the 2023 Phase 1 drill program at ValOre?s 100%-owned Pedra Branca Platinum Group Elements (PGE, 2PGE+Au) Project (Pedra Branca) in northeastern Brazil. Salvador PGE Target Highlights: Assay results received for three additional core holes drilled at Salvador include: 46.05 metres (m) at 1.96 grams per tonne palladium + platinum + gold (g/t 2PGE+Au) with mineralization starting from (from) 77.15 m, including 10 m at 5.02 g/t 2PGE+Au from 88.65 m in drill hole DD23MES04; 49.6 m at 1.25 g/t 2PGE+Au from 47.2 m, including 15.8 m at 2.22 g/t 2PGE+Au from 55.2 m in drill hole DD23MES03; 78.95 m at 0.96 g/t 2PGE+Au from 64 m, including 41.5 m at 1.34 g/t 2PGE+Au from 64.5 m in drill hole DD23MES02; A total of 1,056 m were drilled in 8 holes, with target ultramafic (UM) rocks intersected in 7 of those holes.

Assays are pending for the remaining 3 of 7 UM-bearing holes, spanning 400 m of strike within a 1.3-kilometre-long (km) mineralized trend; Assay results received for the remaining 2 of 4 Salvador surface trenches (totalling 145 m that exposed 120 m of UM rocks in all trenches) include: 14 m at 0.66 g/t 2PGE+Au, including 5 m at 1.15 g/t 2PGE+Au in trench TR23MES03; 27 m at 0.50 g/t 2PGE+Au in trench TR23MES04; Follow-up mapping, soil sampling and Trado® augering are in progress, focusing on the open trends to the north and south of Salvador?s main zone. 2023 Pedra Branca Drill Program Summary: 6,152 m drilled in 49 holes distributed along 8 separate exploration target and resource zones; 1,625 core samples sent to lab, with assays pending for 331 samples from 10 holes.