File: '\\swfile\EmailIn\20260929 153308 Attachment EWR NR - J. Paterson - Acquisition of 16666667 Debentures on May 28 2026.docx'

Vancouver, British Columbia (September 29, 2026) On May 28, 2026, as part of a non-brokered private placement (the "Private Placement"), Mr. James Paterson ("Mr. Paterson") of 1020-800 West Pender Street, Vancouver, BC, Canada, V6C 2V6 acquired approximately 16,666,667 unsecured convertible debentures ("Debentures") of ValOre Metals Corp. (the "Issuer") for an aggregate subscription price of $2,000,000, convertible at the option of the holder at any time after the date that is six months from the date of issuance and prior to the date that is 18 months from the date of issuance (the "Maturity Date"), into units (the "Units") of the Issuer at a conversion price of $0.12 per Unit, with each Unit consisting of one common share in the capital of the Issuer (a "Share") and one-half of one transferable common share purchase warrant (each whole warrant, a "Warrant") exercisable to acquire one additional common share of the Issuer (a "Warrant Share") at an exercise price equal to $0.15 per Warrant Share for a period of 36 months from the date of issuance of the Warrants.

Mr. Paterson is providing the following disclosure pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues as Mr. Paterson's ownership over the Shares of the Issuer constitutes 10% or more of the issued and outstanding shares on a partially-diluted basis as a result of his participation in the Private Placement.

Immediately prior to the Private Placement, Mr. Paterson beneficially owned, or had control and direction over, 26,667,233 Shares, representing approximately 10.45% of the outstanding Shares on an undiluted and partially diluted basis, based on no warrants and options held by Mr. Paterson, and based upon 254,954,066 Shares outstanding prior to the Private Placement.

Immediately after the Private Placement, and at the date of this news release, Mr. Paterson beneficially owns, or has control and direction over, 26,667,233 Shares, representing approximately 10.45% of the [254,954,066] outstanding Shares on an undiluted basis. Following conversion of the Debentures into Units and the issuance of the underlying 16,666,667 Shares, and the further full exercise of the Warrants comprising part of the Units, into 8,333,333 Warrant Shares, Mr. Paterson would beneficially own or exercise control or direction over approximately 18.46% of the issued and outstanding common shares of the Issuer on a fully diluted basis, based upon 279,954,066 Shares outstanding upon conversion of the Units and Warrant Shares.

As of the date of this news release, Mr. Paterson has not exercised his conversion rights in respect of any of the Debentures. The Debentures remain outstanding and, as of November 28, 2026, will be convertible at the option of the holder at any time prior to the Maturity Date.

The Debentures were acquired by Mr. Paterson for investment purposes only, and in the future, Mr. Paterson may acquire additional securities of the Issuer, dispose of some or all of the existing securities he holds or will hold, or may continue to hold his current position, depending on market conditions, reformulation of plans and/or other relevant factors.

A copy of the early warning report filed by Mr. Paterson in connection with the Private Placement will be available under the Issuer's profile on the SEDAR+ website. To obtain a copy of the Report, a person may also contact Jeff Dare, Corporate Secretary of the Issuer by telephone at 604-235-4053.