ValOre Metals Corp. reported assay results for nickel-copper sulfide mineralization from four 2023 core drill holes into the Salvador Target at ValOre?s 100%-owned Pedra Branca Platinum Group Elements Project in northeastern Brazil. Further discovery of Ni-Cu sulfide mineralization at Pedra Branca may establish these metals as credits in future mineral resource estimates.

Assay highlights for nickel and copper released herein, including previously released 2PGE+Au include: 49.6 metres (?m?) at 1.25 g/t 2PGE+Au, 0.26% Ni and 0.13% Cu with mineralization starting from 47.2 m, including 15.8 m at 2.22 g/t 2PGE+Au, 0.38% Ni and 0.18% Cu from 55.2 m in drill hole DD23MES03 and 46.05 m at 1.96 g/t 2PGE+Au, 0.29% Ni and 0.12% Cu from 77.15 m, including 10 m at 5.02 g/t 2PGE+Au, 0.50% Ni and 0.10% Cu from 88.65 m in drill hole DD23MES04. At Salvador, magmatic nickel-copper sulfide mineralization occurs in a sulfide-rich peridotitic horizon basal to chromitite reefs. The sulfide mineralization is characterized by up to 5% disseminated to locally semi-massive pyrrhotite, pyrite, pentlandite and chalcopyrite.

The Salvador Ni-Cu assay results and mineralization style reported herein are very similar to those reported from the southern extension of ValOre?s Trapia 1 deposit, located ~20 kilometres to the south-southwest, and provide further evidence of the potential to discover significant magmatic Ni-Cu sulfide mineralization throughout the Pedra Branca district. The future use of electromagnetic (?EM?) geophysical surveys is now under review for Salvador, Trapia 1, and other prospective trends property-wide to aid in the discovery of potential sulfide extensions along strike and down-dip. Salvador Field Program Highlights Follow-up soil and Trado® auger assay results confirm PGE mineralization along 1.5 kilometres (?km?) of strike, including 1.1 km of trend outside of the drill-tested zone.

Consistent PGE grades in soils and Trado® defined along 650 m in strike length to the north and an additional 450 m to the south of the area drilled in 2023; Assay results warrant follow-up trenching to investigate in-situ continuity of the PGE-mineralized ultramafic rocks along the undrilled trend.