Mr. Nick Smart reports

VALORE SIGNS MOU WITH GERMAN FEDERAL GEOSCIENCE AGENCY BGR TO ADVANCE PROCESSING OF WEATHERED PGE MINERALIZATION AT PEDRA BRANCA

Valore Metals Corp. has entered into a memorandum of understanding with the German Federal Institute for Geosciences and Natural Resources (Bundesanstalt fur Geowissenschaften und Rohstoffe -- BGR) and its subdivision German Mineral Resources Agency (Deutsche Rohstoffagentur -- DERA) for geoscientific collaboration within the BioPlat research project. The parties will work together to investigate and advance innovative metallurgical and mineral processing technologies for platinum group element mineralization at Valore's 100-per-cent-owned Pedra Branca platinum group element project in Ceara state, Brazil.

The collaboration will take place within BioPlat, a German research project focused on innovative, low-emission processing of unconventional PGE ores using biological leaching methods. BioPlat is funded by the German Federal Ministry of Research, Technology and Space under the EGARoh research funding program. GEOS Ingenieurgesellschaft mbH serves as BioPlat project co-ordinator. The other participants include TU Bergakademie Freiberg and the Natural History Museum Bern.

Key elements of the collaboration:

• Purpose and scope: to advance the investigation and development of innovative, sustainable processing routes for Valore's Pedra Branca PGE mineralization, with an initial focus on weathered material and the application of bioleaching, hydrometallurgical processing and associated technologies;
• BioPlat expertise: GEOS will co-ordinate the collaboration with participating institutions, bringing together expertise in geoscience, mineral processing and the sustainable extraction and processing of critical raw materials;
• Subjects of co-operation: the collaboration will focus on potential areas including economic geology and ore deposit research; geochemistry and geophysics applied in mineral exploration and extraction; and the development and testing of mineral processing techniques;
• Funding: the collaboration is intended to be undertaken in connection with BioPlat and its associated German government research funding; Valore's contribution is expected to include samples, technical data and associated logistical support, with each party covering its own costs;
• Term: the MoU covers an initial term of five years.

The detailed technical work program, including responsibilities, deliverables and timelines, will be jointly developed by the parties.

Valore chief executive officer Nick Smart commented: "Being selected as an industry partner in the German government-funded BioPlat initiative is a great validation of the work our team has been doing at Pedra Branca and an important next step for us. This collaboration brings highly relevant technical and research expertise to one of the key opportunities we are pursuing: developing effective and sustainable processing routes for our PGE mineralization, particularly the near-surface weathered material. Our recent metallurgical work has demonstrated encouraging platinum and palladium extraction from weathered material using bioleaching and hydrometallurgical processing. Working with BGR/DERA, GEOS and the BioPlat participants gives us an exciting opportunity to build on those results and accelerate the development of innovative, low-emission processing technologies for Pedra Branca."

Tim Vietor, president of BGR, commented: "Valore's Pedra Branca PGM project is a highly promising venture and one of the few PGM projects globally that has reached a very advanced stage. In the medium term, Pedra Branca could help bridge PGM supply gaps –- particularly for palladium –- for Europe, and specifically for Germany, given its status as a major industrial hub and automotive producer. Furthermore, collaboration between the BioPlat research consortium and ValOre Metals would also strengthen the traditionally strong and significant partnership between Germany and Brazil."

Building on Pedra Branca metallurgical results

The BioPlat collaboration is expected to complement Valore's continuing metallurgical program at Pedra Branca. As previously reported, bioleaching pretreatment followed by cyanidation achieved extractions of up to 73 per cent platinum and 74 per cent palladium from weathered material from the Esbarro deposit (see the news release dated March 26, 2026). Near-surface weathered PGE mineralization is generally less amenable to conventional flotation, which makes alternative processing routes such as bioleaching a priority area of study for Pedra Branca.

The collaboration provides an opportunity to build on this work through BioPlat's specialized expertise in biological leaching and the processing of unconventional PGE ores, with the objective of advancing potential processing pathways for Pedra Branca.

About BioPlat, BGR and participating institutions

BioPlat is a German government-funded research project focused on the innovative and low-emission processing of unconventional PGE ores using biological leaching methods. The project is funded by BMFTR under the EGARoh research funding program.

The Federal Institute for Geosciences and Natural Resources is Germany's federal geoscientific authority, providing scientific and technical expertise on geosciences and mineral resources. Its German Mineral Resources Agency focuses on mineral raw materials and related supply chain issues. GEOS Ingenieurgesellschaft mbH acts as project co-ordinator for BioPlat. Other participants include BGR/DERA, TUBAF and the Natural History Museum Bern.

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 QP 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 which 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 elements plus gold deposit areas host, in aggregate, a 2022 National Instrument 43-101 inferred resource of 2,198,000 ounces 2PGE plus Au contained in 63.6 million tonnes grading 1.08 grams per tonne 2PGE plus Au. Valore's team believes the Pedra Branca project has significant exploration discovery and resource expansion potential (see news release dated March 24, 2022).

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