Mr. Mark Ashley reports

VALOR GOLD DEFINES NON-REFRACTORY EXPLORATION TARGETS AT COURAGEOUS LAKE

Valor Gold Corp. has refined several drill targets along the Tundra-Salmita trend following a summer field program of core relogging and resampling. Based on this review, Valor has defined five priority areas for targeting non-refractory gold systems that could significantly improve project economics.

Mark Ashley, chief executive officer of Valor, commented: "Expanding and integrating the Walsh Lake deposit into the mine plan could have significant implications for the Courageous Lake project. Walsh Lake is a near-surface, non-refractory deposit and therefore could enhance project economics by sequencing its development early in the mine plan. We are beginning to understand the structural controls on mineralization, providing us with several opportunities for expansion of the currently defined mineralized footprint as well as refining our domains for resource estimation. We are looking forward to drill testing Walsh Lake with a substantial diamond drill program in early 2027."

Infill drilling at Walsh Lake

Valor's initial priority will be to drill the Walsh Lake deposit to a measured and indicated resource. The deposit is currently delineated as an inferred mineral resource of 4.1 million tonnes grading 4.2 grams per tonne gold containing 550,000 ounces gold. Mineralization is defined over a one-kilometre strike length and to around 300 metres in depth. The Walsh Lake deposit is currently drilled at a drill spacing of 50 m with approximately 16,600 m of diamond drilling defining the resource. Valor Gold anticipates a further 12,000 m will be required to attain sufficient pierce points to delineate measured and indicated resources with the goal of integrating this deposit into an updated prefeasibility study.

Depth extension at Walsh Lake

Detailed relogging has resulted in a refined structural interpretation at the Walsh Lake deposit. There appears to be strong structural and lithological controls on gold mineralization. Mineralization occurs in sheared rocks at the contact between greywackes and mafic volcanics. Gold occurs on the fracture surfaces or on margins of coarse-grained arsenopyrite adjacent to and within quartz veins. A syn-mineral fold in the centre of the deposit focuses the best intercepts at Walsh Lake; the deepest holes along this hinge (hole CL-210) zone assayed 21.2 m of 8.16 g/t Au at 448 m (330 m true depth).

Strike extension at Walsh Lake

The Walsh Lake deposit also is open to the south. Walsh Lake is currently defined over a one km strike length. However, previous drilling campaigns at the deposit have indicated mineralization may extend a further 300 m. The prospective stratigraphic contact at Walsh Lake extends south to the Saucer Lake target, a further 500 m.

Olsen and Marsh Pond targets

Drilling in the 1980s and subsequent follow-up by Seabridge Gold Inc. has defined two further opportunities that appear to be like the Walsh Lake deposit. Exploration in the 1980s was focused on finding deposits like the Salmita mine and the Tundra mine. These mines were non-refractory, operated at 25 g/t and 19 g/t, and produced approximately 280,000 oz of gold. This exploration focused exclusively on narrow, high-grade veins and resultantly any intercepts below eight g/t gold were considered below cut-off grade. Seabridge tested several of these targets in 2018 with results such as 40.4 m of 3.04 g/t gold from 43.8 m in hole CL-286 at Olsen (see Seabridge's news release dated May 9, 2018).

At Olsen, previous drilling has defined a mineralized strike length of 200 m. Mineralization occurs within greywacke sedimentary rocks with moderate intensity silica and sericite alteration envelope. Throughout this alteration envelope there is in rhombic arsenopyrite adjacent to a broad array of thin and planar quartz veins.

At Marsh Pond, mineralization occurs at the contact between felsic volcanic and sedimentary rock believed to be the southern extension of the Salmita mine. Previous drilling has defined mineralization over a strike length of 220 m. At this contact, there is an intense, silicified zone with quartz-sulphide veining containing rhombic arsenopyrite crystals.

Baseline environmental studies

Valor has also reinitiated baseline environmental monitoring at Courageous Lake. This work included a wildlife monitoring program with cameras stationed across the property, hydrology monitoring, meteorology and fisheries work. This work will inform Valor's understanding of baseline data at the project that is required for environmental assessment.

Scientific and technical information

The most recent technical report on the Courageous Lake project is entitled "Courageous Lake Pre-feasibility Study and Preliminary Economic Assessment, NI 43-101 Technical Report, Yellowknife, Northwest Territories, Canada," dated March 23, 2026, with an effective date of Jan. 5, 2024. Readers are directed to the technical report for disclosure of QA/QC (quality assurance/quality control) procedures, methodology and data verification undertaken with respect to the exploration information contained in this news release.

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 company's preliminary economic assessment (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 release have been reviewed and approved by Marcus Adam, PGeo, vice-president, exploration, of the company and a qualified person under National Instrument 43-101.

About Valor Gold Corp.

Valor 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.

We seek Safe Harbor.