ValOre Metals Corp. announced the commencement of a follow-up rhodium ("Rh") assay program of historical drill core samples ("pulps", "pulverized rejects", "coarse rejects") from ValOre's 100%-owned Pedra Branca Platinum Group Element ("PGE") Project in northeastern Brazil. Rhodium Assay Program Highlights: ValOre initially assessed rhodium mineralization at Pedra Branca through the re-assaying of 71 historical drill core pulps; Rh values considered anomalous were returned in 55% of all submitted pulps (71 total), with a high value of 1.44 g/t Rh and an average grade of 0.27 g/t Rh; Strong positive correlation between 2PGE+Au grade and Rh grade is observed, with the number of Rh values considered anomalous increasing to 74% of pulps >5.0 g/t 2PGE+Au; ValOre's team now increasing the sample set size with a focus on the available historical drill core samples from the Esbarro and Curiu deposits >2.0 g/t 2PGE+Au; Mineralization at Esbarro and Curiu is shallow in nature, with the average Rh-bearing sample starting at 29 metres ("m") depth; 212 follow-up historical samples (pulps, pulverized rejects and coarse rejects) have been submitted for Rh assay to SGS Geosol, Minas Gerais, Brazil. ValOre has commenced a follow-up Rh assaying campaign of all available historical drill core samples (pulps, rejects and coarse rejects) grading >2.0 g/t 2PGE+Au from the Esbarro and Curiu PGE deposits at Pedra Branca. This follow-up campaign is based on strong Rh assay results from the two previous Rh programs conducted by ValOre in 2020. These programs returned Rh values in 74% of samples grading >5.0 g/t 2PGE+Au, and 55% of all submitted samples (71 total). A strong positive correlation between 2PGE+Au grade and Rh grade has been identified, and much like Pedra Branca's 2PGE+Au mineralization, the Rh-bearing samples are situated near-surface with an average sample interval depth starting at 29 m. 212 follow-up samples (pulps, pulverized rejects and coarse rejects) from the Esbarro and Curiu PGE deposits have been submitted for rhodium assay at SGS Geosol, Minas Gerais, Brazil. ValOre will continue to bolster its Rh assay database pending continuing positive results. This will include the consideration of additional Rh assay submissions from the Trapia (6.2 Mt with a grade of 1.11 g/t 2PGE+Au totaling 219,000 ounces) and Cedro (4.2 Mt with a grade of 1.10 g/t 2PGE+Au totaling 151,000 ounces) PGE deposits. The Esbarro deposit hosts a resource of 9.9 Mt at a grade of 1.23 g/t 2PGE+Au totaling 394,000 ounces, and the Curiu deposit hosts a resource of 1.6 Mt with a grade of 1.93 g/t 2PGE+Au totaling 100,000 ounces.