Mr. Brandon Rook reports

SILVER VALLEY METALS ANNOUNCES $2.4 MILLION NON-BROKERED PRIVATE PLACEMENT FINANCING

Silver Valley Metals Corp. intends to complete a non-brokered private placement.

The company will issue up to 30 million units of the company at a price of eight cents 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 warrant will entitle the holder to acquire one common share of the company at an exercise price of 12 cents for a period of 24 months from the date of issue.

Three insiders of the company are subscribing to the financing for $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. 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 per cent of the company's market capitalization.

No finders' fees are payable in connection with the financing.

All securities issued pursuant to the financing will be subject to a statutory hold period of four 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 (merger and acquisitions) opportunities in the mining sector.

About Silver Valley Metals Corp.

Silver Valley Metals 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.

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.

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