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Vancouver, B.C. – June 10, 2025 – TheNewswire – ValOre Metals Corp. (“ValOre”) (TSX-V: VO, OTCQB: KVLQF, Frankfurt: KEQ0) and South Atlantic Gold Inc. (“South Atlantic”) (TSX-V: SAO) , today announced that, further to the joint news release of South Atlantic and ValOre dated May 16, 2025, the annual general and special meeting (the “ Meeting ”) of the shareholders of South Atlantic (the “ South Atlantic Shareholders ”), which was previously scheduled to be held on June 13, 2025 at 10:00 a.m. (Kelowna time), will now be held on June 27, 2025 at 10:00 a.m. (Kelowna time) at 301-1665 Ellis Street, Kelowna, BC V1Y 2B3. South Atlantic, ValOre and 1529317 B.C. Ltd. (“ Subco ”), a wholly-owned subsidiary of ValOre formed for the purpose of completing the Amalgamation (as defined below), have also entered into an amending agreement to the Amalgamation Agreement (as defined below) dated June 10, 2025 (the " Amending Agreement ") providing for an extension of the Outside Date (as defined in the Amalgamation Agreement) from June 30, 2025 to July 7, 2025 to permit the postponement of the Meeting. The Amending Agreement is available on ValOre's and South Atlantic's respective SEDAR+ profiles at www.sedarplus.ca. The postponement of the Meeting will provide South Atlantic Shareholders with further opp ortunity to tender their proxies and South Atlantic and ValOre with further opportunity to communicate with South Atlantic Shareholders regarding the special resolution (the “ Amalgamation Resolution ”) approving an amalgamation (the “ Amalgamation ”) under the Business Corporations Act (British Columbia) involving South Atlantic, ValOre and Subco, whereby ValOre will indirectly acquire all of the issued and outstanding common shares in the capital of South Atlantic in exchange for common shares of ValOre pursuant to the terms and conditions of an amalgamation agreement dated March 26, 2025 among South Atlantic, ValOre and Subco (the “ Amalgamation Agreement ”). The Amalgamation is more particularly described in the joint news release of South Atlantic and ValOre dated March 26, 2025 and the management information circular of South Atlantic dated May 13, 2025 (the “ Circular ”).
