Mr. Jim Paterson of Valore Metals reports

VALORE HIGHLIGHTS STRATEGIC SYNERGIES AND NEAR-TERM EXPLORATION PLANS FOR THE COMBINED PEDRA BRANCA GOLD AND PGM PROJECTS, CEARA STATE, BRAZIL

Valore Metals Corp. has highlighted the strategic synergies and near-term exploration plans for the combined Pedra Branca gold and platinum group metals (PGM) projects. This combination of projects will create a 100,000-hectare precious metals district in Ceara state, Brazil. For further details concerning Valore's acquisition of the Pedra Branca gold project, please see Valore's news releases of March 26 and May 20, 2025.

Jim Paterson, Valore's chairman and chief executive officer, stated: "Brazil is a great place to be advancing mining exploration and development projects today. With our in-country team actively supported by a strong capital markets presence, we are very excited to rapidly advance work at the 100,000-hectare Pedra Branca precious metals district once South Atlantic shareholders approve the transaction with Valore. We look forward to being able to deliver significant exploration results and create value on behalf of all Valore and South Atlantic stakeholders."

South Atlantic Gold Inc. shareholder meeting:

• On May 20, 2025, Valore and South Atlantic announced that the annual general and special meeting of the shareholders of South Atlantic will be held on June 13, 2025.
• South Atlantic shareholders as of the close of business on May 7, 2025, are entitled to vote on all matters at the meeting.
• All relevant meeting materials have been mailed to South Atlantic shareholders and copies are available for viewing on South Atlantic's SEDAR+ profile.
• The board of directors of South Atlantic has unanimously recommended that South Atlantic shareholders vote for the amalgamation.

Thiago Diniz, Valore's vice-president of exploration commented: "With years of experience in the region, our team brings valuable local knowledge and technical strength to the Pedra Branca gold project. We're ready to hit the ground running and advance the Pedra Branca project immediately following the completion of the Valore/South Atlantic transaction."

Strategic and operational synergy highlights:

• Individual members of Valore's board and management team have significant experience with gold projects around the world, including acquisitions, financings and the execution of exploration programs that generated meaningful gold discoveries, in some cases leading to highly successful corporate transactions.
• Valore's Brazilian exploration team has been very active at the Pedra Branca PGM project for over five years, having completed more than 23,000 metres of drilling (to bolster 30,000 metres of historical drilling), 2,819 metres of trenching and 885 Trado auger holes and collected 8,048 rock and soil samples.
• Since acquiring the Pedra Branca PGM project in 2019, Valore's team has developed a deep understanding of the local geology, identified multiple exploration targets and successfully doubled the historical resource.
• Valore has developed strong relationships with local communities and regulatory authorities.
• Valore's operational base in Capitao Mor (population of approximately 950) is strategically positioned to service both the Pedra Branca gold and PGM properties, allowing for shared infrastructure, logistics and personnel, thus creating immediate operational efficiencies and cost synergies.

Comprehensive work program planned for second half of 2025

Upon closing of the transaction, Valore will immediately initiate a broad and detailed data compilation and validation campaign, including the following key elements:

• Systematic relogging of all available Pedra Branca gold project drill core and reassaying of key historical intervals to ensure data integrity;
• Reprocessing data obtained from a high-resolution drone mag survey completed in 2022 by South Atlantic to generate new targets and resource expansion opportunities;
• Execute on the partnership with Vrify to leverage its artificial-intelligence-assisted mineral discovery platform to transform the information in both Pedra Branca data sets into actionable insights;
• Regional reconnaissance across the more-than-50-kilometre-long, gold-prospective trend to identify and prioritize new target areas and evaluate underexplored areas;
• Development of a fully informed follow-up exploration program to outline targets for potential drilling and trenching in 2026.

Pro-active regulatory engagement with SEMACE (Ceara State Environmental Agency) and ANM (National Mining Agency):

• Valore has already pro-actively engaged with SEMACE and ANM to align expectations and facilitate a seamless transition in the permitting process.
• These engagements reinforce Valore's commitment to responsible exploration and early alignment with Brazil's environmental and mining frameworks, paving the way for efficient project advancement.

In parallel with continuing regulatory and community engagement, the foundational exploration performed will enable Valore to build a robust regional geological model and exploration strategy, resulting in the identification of new targets and opportunities for resource expansion.

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.

About South Atlantic Gold Inc.

South Atlantic is an exploration company engaged in acquiring and advancing mineral properties in the Americas.

Additional information about the proposed transaction and where to find it

Further details regarding the terms of the proposed transaction are set out in the agreement, which will be publicly filed on Valore's and South Atlantic's respective SEDAR+ profiles. Additional information regarding the terms of the agreement, the background to the proposed transaction and how the South Atlantic shareholders can participate in and vote at the South Atlantic shareholder meeting will be provided in the management information circular, which has been mailed to the South Atlantic shareholders and also filed on the South Atlantic's SEDAR+ profile. South Atlantic shareholders are urged to read these and other relevant materials when they become available.

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.

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