ValOre Bolsters Technical Team and Provides Update on Pedra Branca PGE Project Drill Program - Seite 2

2020 Drill Program Update

ValOre has an agreement with drilling company Servitec Foraco Sondagem SA (“Servitec-Foraco”)  to complete a 6,000 metre core drill program at Pedra Branca. Mobilization of a drill rig and crews will commence immediately, with an expected start of drilling in 3 weeks for the fully permitted, two-Phase program (Phase 1 and Phase 2 totaling 2,875m and 3,035m, respectively).

About Servitec-Foraco Sondagem SA

Servitec-Foraco is a Brazilian company based in the State of Goiás that started operating as Servitec in 2000 and through innovation, investment, and continuous improvement, emerged as one of the pioneers of drilling in Brazil. With a prominent position on the national scene, Servitec was acquired in 2012 by one of the global drilling leaders, Foraco International, forming Servitec-Foraco.

Servitec-Foraco has more than 700 employees and 90 drill rigs, and operates throughout Brazil with clients such as Nexa Resources S.A., NX Gold S.A., Lundin Mining Corporation, CMOC Brasil. Servitec-Foraco is committed to conducting drill programs with high levels of productivity, safety and respect for the environment and legislation.

ValOre and Servitec-Foraco COVID-19 Protocols

ValOre and Servitec-Foraco are closely monitoring impacts on the companies’ operations and business preparedness plans, as the health and safety of employees, contractors and associated communities is a top priority.

As part of the safety protocol, the companies have implemented screening procedures, daily temperature monitoring, self-assessment checklist and issued directives regarding social distancing to ensure a safe environment for operations.

Servitec-Foraco has an extensive procedural guide on hygiene and conduct to be adopted on a daily basis during and after work hours.

These decisions reinforce the companies’ objective of preventing the transmission of COVID-19 among its employees, contractors and the communities proximal to drilling activities.

About ValOre’s Technical Team

Robert A. Brozdowski, Ph.D., P. Geo., Consulting Exploration Geologist

Dr. Brozdowski has more than 30 years of diverse exploration experience emphasizing Ni-Cu-PGE in magmatic conduits, zoned and layered intrusions, but also including orogenic gold, uranium, VMS, SEDEX, and IOCG deposits. He worked for Callahan Mining Corp. from 1983-1991 and subsequently with Western Mining Corporation (later WMC) from 1992-1998 with a focus on generative and early stage exploration. As a consulting exploration geologist since 1998, Bob has been involved in regional project generation, integrated regional field programs, and property-scale exploration projects for major, junior and private clients in North and South America, Asia and Europe and was granted his Ph.D. Geology from Western University, London, ON, his M.A. Geology from Temple University, Philadelphia, PA, and a B.S. Geosciences from Pennsylvania State University.