Mr. Brandon Rook reports

SILVER VALLEY METALS EXTENDS WARRANT EXERCISE INCENTIVE PROGRAM

Silver Valley Metals Corp., further to its June 16, 2023, news release, has extended the warrant exercise incentive program to Friday, July 14, 2023.

Under the program, if the warrants that were issued from the company's private placement conducted in November, 2022, are exercised prior to 4 p.m. PDT on July 14, 2023, the holders of the eligible warrants would receive one additional warrant in consideration of the early exercise of each eligible warrant. Each incentive warrant will be exercisable to acquire one common share of the company at a price of 11 cents per share for a period of two years from the date of issuance. The incentive warrants will be subject to a hold period of four months plus one day after the date of distribution.

About Silver Valley Metals Corp.

Silver Valley Metals is a Canadian exploration company comprising a group of experienced exploration, mining and financing specialists focused on the pursuit of mineral discovery and development. The company is focused on the advancement of strategic and precious mineral properties, including lithium-potash in Mexico and silver-zinc-lead in northern Idaho, United States.