ValOre Metals Completes Successful Phase 1 Drill Program at Pedra Branca PGE Project, Brazil

About this update from Valore Metals Corp.

[{"type":"text","content":" VANCOUVER, British Columbia, Sept. 21, 2023 (GLOBE NEWSWIRE) -- ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTCQB: KVLQF; Frankfurt: KEQ0, “the Company”) today reported the completion of the 2023 Phase 1 Diamond Drilling Program at ValOre’s 100%-owned Pedra Branca Platinum Group Elements (“PGE”, “2PGE+Au”) Project (“Pedra Branca”) in northeastern Brazil. “We are very pleased with the results of the first phase of ValOre’s 2023 exploration program, where we drilled over 6,150 metres at 8 different zones across the Pedra Branca property. Drilling confirmed the potential to expand resource zones like Trapia 1 and discover new mineralized zones like Salvador,” stated Thiago Diniz, Exploration Manager, ValOre Metals Corp. “The team continues advancing property-wide resource zones and new targets as we await final assay results over the next 6 weeks.” Highlights 6,152 m drilled in 49 holes distributed along 8 separate exploration and resource zones; Target ultramafic (“UM”) rocks intercepted in 42 of 49 holes (794 m of UMs); 1,625 core samples sent to lab, with assays pending for 806 samples from 16 holes: Resource expansion potential confirmed at Trapiá 1, which remains largely open along-strike and down-plunge; Near surface PGE mineralization drilled at the following zones: Galante, Tróia, Nambi, Massapê, and Salvador (see Assay Highlights table below). Table 1: Drilling Totals by Zone Target Total Drilled (m) # Holes # Holes w/ UMs Total UMs (m) Core Samples Assays Received Assays Pending Galante 790 11 11 169 384 384 0 Tróia 1,029 9 6 66 188 188 0 Nambi 665 6 6 76 203 185 18 Ipueiras 228 4 3 27 83 0 83 Massapê 380 4 3 18 48 48 0 Cedro 545 2 1 4 14 14 0 Trapiá 1,459 5 5 169 308 0 308 Salvador 1,056 8 7 265 397 0 397 Total 6,152 49 42 794 1,625 819 806 Table 2: Core Assay Highlights (g/t 2PGE+Au) Target Hole ID From (m) To (m) Length** (m) 2PGE+Au (g/t) Summary Interval Galante DD23GE01 56.00 56.63 0.63 0.99 0.63 m @ 0.99 g/t 2PGE+Au from 56 m DD23GE02 10.25 19.30 9.05 0.35 9.05 m @ 0.35 g/t 2PGE+Au from 10.25 m DD23GE03 31.50 32.35 0.85 0.57 0.85 m @ 0.57 g/t 2PGE+Au from 31.50 mand 3.02 m @ 0.15 g/t 2PGE+Au from 35 m 35.00 38.02 3.02 0.15 DD23GE04 26.65 56.60 29.95 0.33 29.95 m @ 0.33 g/t 2PGE+Au from 26.65 m DD23GE05 35.60 48.70 13.10 0.30 13.10 m @ 0.30 g/t 2PGE+Au from 35.60 m DD23GE06 33.00 35.55 2.55 0.63 2.55 m @ 0.63 g/t 2PG...

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