FURTHER HIGH GRADE COPPER & SILVER INTERCEPTS AT BERENGUELA

FURTHER HIGH GRADE COPPER & SILVER INTERCEPTS AT BERENGUELA

HIGHLIGHTS:

• Extraordinary Cu intercepts including 100m @ 1.17% Cu, 80m at 1.34% Cu, 71m at 1.03% Cu and 53m at 1.74% Cu.

• Very high grade silver intercepts, including 3m at 916.67g/t, showing consistent Ag mineralisation across the Berenguela deposit.

• Updated JORC resource estimate coming soon.

Valor Resources Limited has confirmed more multiple high grade and thick intersections from drilling at the flagship Berenguela Copper-Silver Project in Southern Peru.

Key drilling intercepts include:

BEP-003 – BER278

• 32m @ 2.07% Cu + 143.64g/t Ag + 10.59% Mn + 0.35% Zn (from 19m),
  2.787% CuEq, including:
  • 3m @ 2.59% Cu + 84g/t Ag + 17.38% Mn + 0.35% Zn (from 28m)
    3.165% CuEq; and
  • 3m @ 1.27% Cu + 916.67g/t Ag + 20% Mn + 0.33% Zn (from 31m)
    5.860% CuEq; and
  • 5m @ 2.08% Cu + 95.88g/t Ag + 19.46% Mn + 0.346% Zn (from 34m)
    2.718% CuEq

BEP-022 – BER272

• 80m @ 1.34% Cu + 136.74g/t Ag + 15.06% Mn+ 0.34% Zn (from 21m).
  2.165% CuEq including:
  • 56m @ 1.08% Cu + 141.30g/t Ag + 14.29% Mn + 0.39% Zn (from 21m)
    1.952% CuEq; and
  • 8m @ 3.12% Cu + 455.50g/t Ag + 12.48% Mn + 0.61% Zn (from 38m)
    5.64% CuEq;

BEP-022 – BER275

• 71m @ 1.03% Cu + 119.91g/t Ag + 9.91% Mn + 0.27% Zn (from 21m).
  1.740% CuEq, including:
  • 3m @ 3.85% Cu + 321.67g/t Ag + 15.06% Mn + 0.34% Zn (from 38m).
    5.569% CuEq; and
  • 51m @ 0.91% Cu + 115.54g/t Ag + 9.64% Mn + 0.25% Zn (from 41m).
    1.589% CuEq.

Valor Chairman Mark Sumner said, “Assay results continue to exceed our expectations. We are witnessing high grade copper and silver intercepts across the project and we are very encouraged by both the length of the intersections and the multiple high grade zones we are encountering, like the 3m of silver at 916 grams per tonne.

“We still have results to report from multiple holes to complete the drill program. The JORC-compliant resource will be reported very shortly and we believe will be the next game-changer for Berenguela.”