ValOre Soil Geochemistry Assay Results Identify PGE Anomalies at all Three Mendes North Targets - Seite 2

Table 1: Summary Table Soil Sample Assays

2PGE+Au Range (ppb)	Number of Samples
51 - 660	3
21 - 50	19
11 - 20	41
5 - 10	55
< detection limit	446

Follow-up geological mapping, prospecting, and geochemical sampling will be immediately undertaken to extend and delineate the Mendes North PGE- and Au-in-soils anomalies. The program will test potential continuity between anomalies in Targets 1, 2 and 3, which comprise a cumulative strike length of >3 km.

ValOre’s 2020 3D magnetic inversion modelling of historical ground geophysical data defined multiple compelling near surface >1 km targets. Mendes North is undrilled and has seen no historical geochemical sampling or geological mapping. An additional 2.0 km by 1.2 km WorldView-magnetic anomaly is situated approximately 1 km to the northwest of the three Mendes North targets.

Access to the Mendes North target area is excellent, with all three targets being situated adjacent to or within 200 metres of a main roadway.

Background 2PGE+Au levels of country rock throughout the three target areas returned values below detection limits (<5 ppb) for Pd, Pt and Au.

Assay Methodology & Quality Control/Quality Assurance (QA/QC)

Soil samples were collected from field sites spaced 20 metres apart on lines spaced 100 metres apart, with coordinate data captured by handheld GPS. These samples are subsequently stored in a secure ValOre facility in Capitão Mor, Ceará, Brazil and thereafter sent with an ensured chain of custody to SGS Geosol Vespasiano, Minas Gerais. All samples are analyzed for PGE+Au (Pd, Pt, Au) content using standard 50g Fire Assay and ICP-AES techniques. Certified PGE ore reference standards, blanks and field duplicates are inserted as a part of ValOre’s Quality Control/Quality Assurance program (“QA/QC”). All samples associated with the gold anomaly in Target 2 (samples 81808-81818) were re-analyzed to ensure accuracy. No QA/QC issues were noted with the results reported herein.