Mr. Quinn Ellerbeck reports

NORTH VALLEY RESOURCES ANNOUNCES FILING OF EARLY WARNING REPORT

Cameron Dorsey has filed an early warning report under National Instrument 62-103 (the Early Warning System and Related Take-Over Bid and Insider Reporting Issues) following the closing of the company's private placement previously announced on Oct. 9, 2025.

Through the private placement, the acquiror subscribed for 1.9 million common shares of the company at a price of two cents per share for total consideration of $38,000. Prior to this transaction, the acquiror did not own any shares in the company. Following completion of the private placement, the acquiror now holds 1.9 million common shares, representing approximately 10.6 per cent of the company's issued and outstanding shares on a non-diluted basis.

The acquiror has acquired these shares for investment purposes only, and may acquire or dispose of additional securities of the company in the future through the market, privately or otherwise, as circumstances or market conditions warrant.

A copy of the early warning report will be available under the company's profile at SEDAR+.

We seek Safe Harbor.