ValOre Metals Corp. reported assays for J4 West (“J4W”) and Yat (“Yat”) targets Reverse Circulation (‘RC”) drilling at ValOre's 100% owned 68,552-hectare Angilak Property Uranium Project (“Angilak”), located in Nunavut Territory, Canada. All four sampled RC drill holes from J4 West returned near-surface (35 to 65 metres vertical depth) uranium mineralization over a strike length of 200 metres, including the following highlights: 3.1 metres (“m”) @ 0.21% U3O8 and 10.6 g/t Ag from 50.3 m in drill hole RC22-J4W-001; 1.5 m @ 0.38% U3O8 and 15.1 g/t Ag from 57.9 m in drill hole RC22-J4W-002.

Mineralization at J4W remains open at depth and along strike to the west, with highlights from the 2013 drilling (located immediately west of 2022 J4W drilling): 0.30 m @ 1.06% U3O8 in drill hole 13-J1-002; 0.60 m @ 0.56% U3O8, 0.28% Mo and 15.5 g/t Ag in drill hole 13-J1-003. Three of four RC drill holes at Yat returned broad near-surface intervals of copper, silver and local uranium mineralization, including: 63.8 m @ 0.11% Cu and 3.2 g/t Ag from 1.5 m in drill hole RC22-YAT-004; 42.6 m @ 0.15% Cu and 4.3 g/t Ag from 1.5 m, including 4.6 m @ 1.1% Cu and 20.8 g/t Ag from 1.5 m in drill hole RC22-YAT-003; 33.4 m @, 0.15% Cu and 4.4 g/t Ag from 6.1 m in drill hole RC22-YAT-002. 1.5-kilometre-long uranium soil anomaly which is coincident with a strong 6.5-kilometre-long VLF-EM conductor is only drill-tested over 130 m of strike, and remains open to the southwest.

J4 West mineralization style, geology and alteration assemblage is analogous to Lac 50 deposits, supporting an off-set mineralized extension 500 m to the southwest of the J4 resource zone. A total of 642 m of RC drilling was completed in six holes at J4W (formerly known as J1) in 2022. Drilling targeted an interpreted sinistral off-set and suspected continuation to the southwest of the high-grade western J4 Zone.

The six 2022 RC holes were drilled from three pads spaced 200 m apart, with two holes per pad angled at -45° and -65° to the north-northwest, testing a strike length of 400 m in between the area of previous drilling and the sinistral structure to the east (Figure 1). All four holes from the central and western pads (RC22-J4W-001 to RC22-J4W-004) intercepted near-surface uranium mineralization, including two holes (RC22-J4W-001 to RC22-J4W-002) with U3O8 intervals above the Lac 50 Trend resource cut-off grade of 0.20% U3O8 (Table 1). Mineralization occurs as a sheared interval of hematite-altered, graphitic and sulfidic tuff within a host sequence of foliated basalt and gabbro, analogous to the lithological units hosting mineralization at the Lac 50 Trend resource.

Ten core holes totaling 926 m were subsequently drilled in 2022, testing the along-strike continuity of radioactive intercepts drilled in the 2022 RC program. All core drill holes encountered anomalous radioactivity (>350 CPS), with a highlight of 15,821 CPS at 149 m vertical depth in drill hole 22-J4W-003. All assays remain pending.