Vancouver, British Columbia--(Newsfile Corp. - October 7, 2026) - Silver Valley Metals Corp. (TSXV: SILV) (OTCQB: SVMFF) ("Silver Valley" or the "Company"), announces that it intends to complete a non-brokered private placement (the "Financing").

The Company will issue up to 30,000,000 units of the Company ("Units") at a price of $0.08 per Unit for aggregate gross proceeds of up to $2.4 million. Each Unit will consist of one common share and one common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder to acquire one common share of the Company at an exercise price of $0.12 for a period of 24 months from the date of issue.

Three (3) insiders of the Company are subscribing to the Financing for CAD $470,000, that portion of the Financing being a "related party transaction" under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company will rely on exemptions 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 insiders' participation will not exceed 25% of the Company's market capitalization.

No finder's fees are payable in connection with the Financing.

All securities issued pursuant to the Financing will be subject to a statutory hold period of 4 months and one day from the date of issue. The Financing is subject to the approval of the Exchange.

The Company intends to use the net proceeds of the Financing for working capital and general corporate purposes, including advancing its existing mining and development projects and evaluating and funding acquisitions, strategic investments and other M&A opportunities in the mining sector. The Company has not made a final allocation of the net proceeds and may reallocate them among these purposes in response to business opportunities, market conditions and other circumstances. Pending deployment, the net proceeds may be held in cash, cash equivalents or short-term investments. There can be no assurance that any acquisition, investment or other transaction will be identified or completed on acceptable terms or at all.

Link to Website: http://www.silvervalleymetals.com

About: Silver Valley Metals:

Silver Valley Metals Corp. is a Canadian exploration company led by an experienced team of exploration, mining, and capital markets 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%-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.

About: Mexi-Can Lithium / Potassium (sulphate of potash) Project:

Silver Valley Metals Corp. owns a 100% interest in a lithium and potassium bearing salar complex comprising 4,056 hectares on three mineral concessions ("the Mexico-Canada Project" or "Mexi-Can Project") located on the Central Mexican Plateau in the states of Zacatecas, and San Luis Potosi, Mexico. The NI 43-101 inferred mineral resource contains 12.3Mt of Sulfate of Potash (SOP) and 243,000 tonnes of lithium carbonate equivalent (LCE) defined from surface to an average of 5 metres depth. The salars remain wide open in all directions for expansion.

Qualified Person:

The scientific and technical information contained in this news release has been reviewed and approved by Timothy Mosey, BSc, MSc, SME Registered Member, a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Mosey is an independent director and technical adviser to Silver Valley Metals Corp.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This news release contains "forward-looking information" or "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements in this news release include, without limitation, statements regarding the completion of the Financing, receipt of Exchange approval, the intended use of proceeds of the Financing, the advancement of the Company's existing projects and the evaluation, identification or completion of acquisitions, strategic investments and other M&A opportunities. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.

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