Mr. Brandon Rook reports

SILVER VALLEY ANNOUNCES CLOSING OF $2 MILLION PRIVATE PLACEMENT FINANCING

Silver Valley Metals Corp. has closed its previously announced non-brokered private placement for aggregate gross proceeds of $2-million, having received conditional approval from the TSX Venture Exchange.

Pursuant to the financing, the company issued 16,666,667 units at a price of 12 cents per unit. Each unit consists of one common share of the company and one common share purchase warrant, with each warrant entitling the holder to acquire one additional common share at an exercise price of 25 cents for a period of 24 months from the date of issuance.

The net proceeds of the financing will be used to advance the company's strategic objective of acquiring an accretive mineral project of scale while maintaining and selectively advancing its Mexi-Can lithium-potash project in a capital-efficient manner with a view toward potential future partnership opportunities. A portion of the proceeds will also be allocated to general working capital and corporate purposes.

Three insiders of the company subscribed for an aggregate of $498,000 of the financing. Such participation constitutes a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a), respectively, as the fair market value of the insider participation does not exceed 25 per cent of the company's market capitalization.

The financing remains subject to final acceptance of the TSX Venture Exchange.

All securities issued pursuant to the financing are subject to a statutory hold period of four months and one day.

About Silver Valley Metals Corp.

Silver Valley is a Canadian exploration company led by an experienced team of exploration, mining and capital market professionals focused on the acquisition, evaluation and advancement of high-quality mineral assets. The company is advancing strategic and precious mineral opportunities, including its 100-per-cent-owned Mexi-Can lithium-potash project in Mexico, and maintains an equity ownership interest in Silver Dollar Resources Inc., which holds the Ranger-Page silver-zinc-lead project in Idaho's historic Silver Valley, along with residual net smelter return royalties at the project.

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