Mr. James Paterson reports

VALORE AFFILIATE HATCHET URANIUM CORP. CLOSES $1,500,000 FINANCING RELATED TO SASKATCHEWAN URANIUM PROPERTIES ACQUISITIONS

Valore Metals Corp. has provided an update on developments concerning Hatchet Uranium Corp., in which Valore currently holds an approximately 56.8-per-cent ownership interest. Hatchet entered into agreements with Skyharbour Resources Ltd. (see Valore's news release dated Nov. 4, 2024), whereby Hatchet could acquire an 80-per-cent interest in Skyharbour's 9,339-hectare Highway uranium property and a 100-per-cent interest, subject to a clawback provision for Skyharbour, in Skyharbour's Genie, Usam and CBX/Shoe uranium projects totalling 66,358 hectares, all located peripheral to the Athabasca basin in Northern Saskatchewan, Canada.

As part of the transactions, Hatchet was required to raise $1.5-million in equity from external investors. This financing requirement was completed and now the closing of the transactions with Skyharbour can proceed expeditiously.

Additionally, as part of the transactions, Hatchet will make a cash payment of $25,000 and issue 1,452,013 units to Skyharbour and subsequently Valore will hold an approximately 51.5-per-cent equity ownership interest in Hatchet. An announcement will be made upon final closing.

About Hatchet Uranium Corp.

Hatchet Uranium was incorporated by Valore on Feb. 7, 2024. Jim Paterson, Valore's chairman and chief executive officer, serves as Hatchet Uranium's chief executive officer and sole director. Hatchet Uranium's head and registered office is located at Suite 1020, 800 West Pender St., Vancouver, B.C., V6C 2V6.

Qualified person

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Thiago Diniz, PGeo, Valore's qualified person and vice-president of exploration.

About Valore Metals Corp.

Valore Metals is a Canadian company with a team aiming to deploy capital and knowledge on projects that benefit from substantial prior investment by previous owners, existence of high-value mineralization on a large scale, and the possibility of adding tangible value through exploration and innovation.

Valore's Pedra Branca platinum group element project comprises 45 exploration licences covering a total area of 51,096 hectares (126,260 acres) in northeastern Brazil. At Pedra Branca, seven distinct platinum group element plus gold deposit areas host, in aggregate, a 2022 NI 43-101 inferred resource of 2,198,000 ounces 2PGE+Au contained in 63.6 million tonnes grading 1.08 grams per tonne 2PGE+Au. Valore's team believes the Pedra Branca project has significant exploration discovery and resource expansion potential.

We seek Safe Harbor.