ValOre Provides Corporate and Project Update

VANCOUVER, British Columbia, May 15, 2024 (GLOBE NEWSWIRE) -- ValOre Metals Corp. (“ValOre”; TSX‐V: VO; OTCQB: KVLQF; Frankfurt: KEQ0, “the Company”) today provided a corporate and project update.

Thiago Diniz Appointed Vice President, Exploration

Thiago Diniz, P.Geo. has significant experience as an exploration geologist in Brazil and Canada, including work on early to advanced-stage Platinum Group Element (“PGE”), orogenic and magmatic hydrothermal gold and gold-copper systems, sediment-hosted zinc-lead, phosphate, and potash projects. His expertise in the planning and management of large-scale programs, including data review, mapping & sampling, exploratory & resource delineation drill campaigns, and metallurgical testwork programs have provided valuable input to ValOre’s Pedra Branca Project over the last four years.

Mr. Diniz is a registered P.Geo in Ontario and Saskatchewan, with a B.Sc. Geology (Federal University of Minas Gerais), and a M.Sc. Economic Geology (Queens University).

Jim Paterson, Chairman & CEO, stated: “We are very happy to announce Thiago’s appointment as V.P. Exploration. He has been successfully managing ValOre’s Pedra Branca PGE Project in Brazil for 4 years, excelling in the planning, budgeting, and program execution, which resulted in several discoveries, including Salvador, and a doubling of the inferred resource at Pedra Branca. Importantly, Thiago has gained the respect of ValOre’s in-country team and our board of directors and has built an exceptional level of trust with the local community of Capitao Mor and the Pedra Branca region.

On behalf of all ValOre team members, I would like to wish Colin Smith great success as he moves on to serve as the CEO of an exciting gold exploration company. We thank Colin for his many years of excellent work at ValOre and the great friendships formed along the way.”

Pedra Branca Project Update

ValOre continues to prioritize project exploration and advancement efforts on the Pedra Branca PGE deposits that exhibit the potential for the shortest development timeline with the highest operating margin.

Key aspects of focus to achieve these goals, include:

• grade and metallurgical characteristics of PGE mineralization;
• depth and orientation of deposits and related strip ratio of the optimized resource pits;
• proximity of deposits to one another and to the proposed location of future on-site processing facilities;
• Social Licence, local employment, infrastructure and water availability.

The Curiu, Esbarro, Cedro, Cana Brava and Salvador PGE deposits are now ValOre’s top priority areas of focus.