Mr. Sorin Posescu reports

VALHALLA METALS CELEBRATES PRESIDENT TRUMP'S APPROVAL TO REVERSE A BIDEN-ERA DECISION AND GRANT PERMITS FOR THE AMBLER ACCESS ROAD

Valhalla Metals Inc. has welcomed the recent announcements from the White House and Department of Interior.

On Oct. 6, 2025, President Trump approved an appeal made by the Alaska Industrial Development and Export Authority to reverse the Biden administration's decision in June, 2024, to select the no action alternative, which terminated the previously issued record of decision and rights-of-way granted for the Ambler Access Road under the first Trump administration. This appeal was made under Section 1106 of the Alaska National Interest Lands Conservation Act, which mandates the approval of all permits for constructing the Ambler Access Road. President Trump directed relevant agencies to promptly reinstate, grant and finalize all necessary permits and authorizations with terms necessary to assure adequate and feasible access for economic and other purposes such as mining and use of the road for industrial and commercial access. This decision finds that the Ambler Access Road is in the public interest given its need for access to domestic critical minerals.

Rick Van Nieuwenhuyse, chairman of Valhalla, stated: "We are excited that the Trump administration has reversed the misguided Biden administration's no action alternative finding for the Ambler Access Road supplemental EIS. The Biden administration decision was contrary to the clear directives set out in ANILCA. Using Section 1106 to right a wrong decision is exactly what Congress intended when ANILCA was passed into law 45 years ago. Thank you President Trump. We can now restart our exploration efforts to expand the known resources at the Sun deposit."

The proposed Ambler Access Road is planned to cross Valhalla state mining claims at the Sun project and would unlock a host of critical and strategic metals located in the Ambler mining district -- all metals necessary for the green energy and transportation transition and to ensure secure domestic supply chains for these metals.

About Valhalla Metals Inc.

Valhalla Metals is a mineral exploration and development company focused on the advancement of its mineral projects toward feasibility. Valhalla's flagship project is the Sun copper-zinc-lead-gold-silver volcanogenic massive sulphide projects located in Ambler mining district, northwestern Alaska. The company also owns the Smucker project, a high-quality copper-zinc-lead-gold-silver VMS project located in the Ambler mining district, northwestern Alaska. Valhalla Metals shares trade on the TSX Venture Exchange under the ticker symbol VMXX and on the OTCQB under the ticker symbol VMXXF.

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