Silver Valley Metals Provides Corporate Update and Announces Mutual Termination of Finland Transaction

Shareholders provide 99.9% support at AGM; Company maintains strong asset base and continues evaluating new acquisition opportunities.

Vancouver, British Columbia--(Newsfile Corp. - December 15, 2025) - Silver Valley Metals Corp. (TSXV: SILV) (OTCQB: SVMFF) ("Silver Valley" or the "Company") is pleased to provide a corporate update to shareholders, including the mutual termination of the previously announced transaction to acquire the Leilipalo and Pasto gold projects in Finland, results from the Company's Annual General Meeting ("AGM"), a summary of the Company's strengthened corporate positioning, and an update on its strategy moving into 2026.

Silver Valley and the shareholders of 1531472 B.C. Ltd., an arm's length privately held corporation ("PrivCo"), have mutually agreed to terminate the previously announced share exchange agreement entered into on August 5, 2025 (the "Agreement"), pursuant to which Silver Valley was to acquire all of the issued and outstanding shares of PrivCo, which owns the Leilipalo and Pasto gold projects in Finland (collectively, the "Projects"). The Agreement is terminated effective December 12, 2025, pursuant to a mutual termination agreement (the "Termination Agreement") executed by Silver Valley and all the shareholders of PrivCo.

Key terms of the Termination Agreement include

• PrivCo has assumed certain expenses incurred by Silver Valley in connection with the proposed transaction.
• Should PrivCo complete a future go-public transaction or sell the Projects to a public company, Silver Valley will receive an equity stake in the resulting issuer.
• Silver Valley has transferred its technical due diligence materials and all other pertinent information relating to the Projects (the "Silver Valley Work Papers") to PrivCo.
• All parties have granted mutual releases, leaving no continuing obligations beyond those defined in the Termination Agreement.

The Company originally announced the proposed acquisition on August 5, 2025:

https://silvervalleymetals.com/2025/08/06/silver-valley-metals-to-acqu ...

AGM Update

Silver Valley is also pleased to report that all matters submitted to shareholders at the Company's AGM on December 12, 2025, were approved with approximately 99.9 % support, that included: election of directors, appointment of auditors, re-approval of the Company's equity incentive plans, and all other customary corporate and administrative resolutions.