Mr. Brandon Rook reports

SILVER VALLEY METALS ANNOUNCES CANCELLATION OF PREVIOUSLY ANNOUNCED NON-BROKERED PRIVATE PLACEMENT FINANCING

Silver Valley Metals Corp., further to company's news release dated Oct. 7, 2026, will not be proceeding with the non-brokered private placement of up to 30 million units at a price of eight cents per unit for aggregate proceeds of $2.4-million.

The company remains focused on advancing its existing mining and development projects, while continuing to evaluate potential acquisitions, strategic investments and other opportunities that may complement its existing portfolio and create shareholder value. The company will continue to assess its working capital requirements and evaluate financing alternatives, as and when appropriate, to support its continuing operations and future corporate initiatives.

The company appreciates the interest and support received from prospective investors in connection with the proposed financing, and looks forward to providing further updates regarding its exploration, development and corporate activities as developments warrant.

About Silver Valley Metals Corp.

Silver Valley Metals is a Canadian exploration company led by an experienced team of exploration, mining and capital markets professionals focused on the acquisition, evaluation and advancement of high-quality mineral assets. The company is advancing strategic and precious mineral opportunities, including its 100-per-cent-owned Mexi-Can lithium-potash project in Mexico, and maintains an equity ownership interest in Silver Dollar Resources Inc., which holds the Ranger-Page silver-zinc-lead project in Idaho's historic Silver Valley, along with residual net smelter return royalties at the project.

About Mexi-Can lithium/potassium (sulphate of potash) project

Silver Valley Metals owns a 100-per-cent interest in a lithium and potassium bearing salar complex comprising 4,056 hectares on three mineral concessions (the Mexico-Canada project or Mexi-Can project), located on the Central Mexican Plateau in the states of Zacatecas and San Luis Potosi, Mexico. The National Instrument 43-101 inferred mineral resource contains 12.3 million tonnes (t) of sulphate of potash (SOP) and 243,000 tonnes of lithium carbonate equivalent (LCE) defined from surface to an average of five metres depth. The salars remain wide open in all directions for expansion.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Timothy Mosey, BSc, MSc, SME registered member, a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. Mr. Mosey is an independent director and technical adviser to Silver Valley Metals.

We seek Safe Harbor.