Mr. Brandon Rook reports

SILVER VALLEY METALS FILES FOR APPROVAL OF NON-BROKERED PRIVATE PLACEMENT FINANCING; EXPIRY OF WARRANT EXERCISE INCENTIVE PROGRAM

Silver Valley Metals Corp. has filed documents with the TSX Venture Exchange for conditional approval of a 10-cent common share, no warrant private placement financing, for aggregate gross proceeds of up to $700,000, with a first tranche close of $645,374.10. On receipt of Exchange approval the Company will close the first tranche, issuing 6,453,741 common shares of the Company for aggregate gross proceeds of $645,374.10.

Proceeds from the Financing will be used for: Completing the phase 2 active exploration program at the Ranger-Page project in the Silver Valley, north Idaho, USA; this includes a multi-kilometre trenching program, road building, preparations for a future drill campaign in 2023, further field exploration including additional geochemical surveys, detailed mapping, and 3D geological modeling.To maintain and advance its MexiCan lithium - sulphate of potash (Li-SOP) project / deposit(s) in Mexico; project development planning; evaluating additional opportunities related to lithium and potash exploration and development in Mexico; and lastly, to continue its partnership negotiations for the lithium aspect of its deposit(s) with LitioMx, the recently formalized national lithium company of Mexico.Project option payment for the Ranger-Page Project.General working capital.

The Financing is being effected with 3 insiders, for a total of 350,000 common shares for $35,000.00, each insider subscription being a "related party transaction" as such term is defined under MI 61-101 - Protection of Minority Security Holders in Special Transactions. The Company is relying on exemptions from the formal valuation requirement of MI-61-101 under sections 5.5(a) and (b) of MI 61-101 in respect of the transaction as the fair market value of the transaction, insofar as it involves the interested party, is not more than 25% of the Company's market capitalization.

All securities issued pursuant to the Financing will be subject to a 4-month hold.

Further to the Company's June 16, 2023 and July 7 2023 news releases, the Company announces that its Warrant Exercise Incentive Program has expired. No warrants were exercisd. Due to the financing demand received, the Company made a decision to open up the financing opportunity to a greater number of participants thereby offering a private placement instead of the Warrant Incentive Program that was geared for past subscribers only.

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About Silver Valley Metals Corp.:

Silver Valley Metals Corp. is a Canadian exploration company comprised of a group of experienced exploration, mining, and financing specialists focused on the pursuit of mineral discovery and development. We are focused on the advancement of strategic and precious mineral properties including Lithium-Potash in Mexico and Silver-Zinc-Lead in northern Idaho, USA.

We seek Safe Harbor.