Valorem Resources Inc. to report that it has submitted the application for approval of diamond drilling on its Wings Shear gold property, located in the Gander Newfoundland exploration district, and 35 km east of Newfound Gold Corp.’s Queensway project. Highlights: Valorem has planned an initial diamond drilling program of 1000 meters of diamond drilling over 6 holes focusing on the historically trenched and drill-ready Wings Shear gold prospect. The drilling program is set to begin, pending permit approval and drilling contractor availability. Surface sampling has been conducted during the ongoing surface exploration program in 2021, and assays are expected in the near future. A till survey consisting of 100 samples approximately ten kilograms in size are currently being collected under the guidance of Dr. Steve Amor P. Geo. The till samples will be processed into heavy-mineral concentrates and examined for gold and other pathfinder indicator minerals by Over Burden Drilling Management. The Wings Shear Property comprises 280 claim units covering 7000 hectares. The property covers a 1 km zone of enhanced gold potential, located 32 km northeast of the town of Gander, Newfoundland and Labrador and approximately 27 km east of Newfound Gold Inc.’s Queensway Project. This feature is shear-zone hosted (the Wing’s Pond Shear Zone) and previous sampling is reported with assays up to 12.2 g/t Au from grab samples. There has been no previous drilling in this area.