ValOre Metals Corp. reported initial assay results from the recently completed 2023 Phase 1 core drilling at ValOre?s 100%-owned Pedra Branca Platinum Group Elements (?PGE?, ?2PGE+Au?) Project (?Pedra Branca?) in northeastern Brazil. Highlights: Trapia 1- Assay results received for the first of four holes drilled in 2023 at the Trapia 1 deposit (total 1,326 m); 71.8 metres (?m?) at 1.59 grams per tonne palladium + platinum + gold (?g/t 2PGE+Au?) starting 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 occurs in association with a sulfide-rich peridotitic horizon at the bottom of the chromitite reef, and is characterized by up to 5% disseminated to brecciated pyrrhotite, pyrite, pentlandite and chalcopyrite; PGE mineralization intercepted 150 m outside of the existing 2022 NI 43-101 resource at Trapia 1 (480,000 oz of the total Trapia 2022 NI 43-101 resource of 885,000 oz at 0.96 g/t); Assays pending for the remaining Trapia 1 holes, including DD23TU35 located up-dip of DD23TU33; and DD23TU32, representing an additional 150 m step out to the south, along strike and down-plunge of DD23TU33.

2023 Drill Program: 6,152 m drilled in 49 holes distributed along 8 separate exploration and resource zones (see ValOre news release of September 21, 2023); 1,625 core samples sent to lab, with assays pending for 641 samples from 14 holes. Recently received assays results also include near-surface PGE mineralization drilled in the Ipueiras target, including: 11.85 m grading 0.55 g/t 2PGE+Au from surface, incl. 0.9 m grading 1.58 g/t 2PGE+Au from 2.65 m in drill hole DD23IP04.