Mr. Mark Ashley reports

VALOR GOLD ANNOUNCES EXPLORATION PLANS FOR THE COURAGEOUS LAKE PROJECT

Valor Gold Corp. is discussing its 2026 plans for the 100-per-cent-owned Courageous Lake project. Valor Gold will be mobilizing field crews in late June to refine target potential along the Tundra-Salmita trend, to initiate environmental baseline studies for permitting and prepare the camp and infrastructure for a Q1 (first quarter) 2027 drill program.

The Courageous Lake deposit is currently defined with a measured and indicated mineral resource of 145 million tonnes grading 2.36 grams per tonne (g/t) gold (Au) containing 11.0 million ounces (oz) Au, and an inferred mineral resource of 41 million tonnes grading 2.52 g/t Au containing a further 3.3 million oz. A National Instrument 43-101-compliant preliminary feasibility study (PFS) dated January, 2024, outlined an open-pit mine producing 2.8 million oz of payable Au over 12 years with a preliminary economic assessment (PEA) outlining a subsequent 3.7 million oz of payable Au over a further 16 years. Valor Gold believes there is significant upside to this PFS by integrating long-term consensus metal prices, evaluating resources beneath and surrounding the January, 2024, 43-101 pit, optimizing through put and integrating non-refractory deposits along the greenstone belt.

Chief executive officer Mark Ashley commented: "We are excited to get boots on the ground at Courageous Lake and initiate our exploration programs. The Courageous Lake greenstone belt has had two past-producing mines, the Salmita mine and the Tundra mine, which operated with realized head grades of 25.0 g/t Au and 19.0 g/t Au, respectively. Exploration along the greenstone belt in the 1980s confirmed by Seabridge Gold's 2018 drilling has provided Valor Gold with a rich data set that have indicated several opportunities for near-surface, open-pit deposits that can significantly improve project economics."

The Walsh Lake deposit is nine kilometres south of the Courageous Lake deposit and the southern extension of the historical Tundra mine. It is currently delineated as an inferred mineral resource of 4.1 million tonnes grading 4.18 g/t Au, containing 550,000 oz. Mineralization is orogenic in style and occurs within and adjacent to quartz veins at the contact of felsic volcanics with underlying mafic volcanics and overlying sedimentary rock. Preliminary metallurgy has indicated that this ore is non-refractory with recoveries demonstrated to be 93 to 96 per cent. Screening economics by Valor Gold have indicated that integrating this deposit into the mine plan can significantly benefit the project economics by lowering upfront capital costs and improving payback. It is intended that the Q1 2027 drill program will include infill drilling Walsh Lake to an indicated mineral resource.

In addition to Walsh Lake, several other analogue targets have been identified over this nine-kilometre trend. In 2018, Seabridge Gold drilled several of these targets returning results such as 40.4 metres at 3.04 g/t Au at Olsen and 14.0 metres of 3.08 g/t Au at Marsh Pond. Valor Gold's 2026 program will seek to define the geological controls, mineralization and size potential of several of these targets and recommend drill targets for Q1 2027.

Valor Gold is also reinitiating environmental baseline studies at Courageous Lake. This program will include wildlife biology, hydrology, fish and aquatic surveys, and groundwater data collection that will form data sets that will be crucial to advance the project through mine permitting at a later date.

Inferred mineral resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the results of the PEA will be realized. Mineral resources in the PEA mine plan are not mineral reserves and do not have demonstrated economic viability. The PEA evaluates a conceptual expansion beyond the prefeasibility study pit and includes inferred mineral resources. See the PEA for relevant assumptions, parameters and risks.

The contents of this news release have been reviewed and approved by Marcus Adam, PGeo, vice-president of exploration of the company and a qualified person under National Instrument 43-101.

About Valor Gold Corp.

Valor Gold is a Canadian gold exploration and development company formed through the strategic spinout of the Courageous Lake gold project in the Northwest Territories. The company's mandate is to focus technical and financial resources on advancing a large-scale gold system through disciplined exploration, resource expansion and staged development planning.

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