Update On The Sun Project And Ambler Mining District Access Road

VANCOUVER - Valhalla Metals Inc. reported on the Sun Project and the Ambler Mining District Access Road, in Alaska. A work program at the 24-man Sun project camp was completed during September 2022 and consisted of fixing snow-damaged tents, clearing areas for new tents and full inventory of work required to make the camp fully operational for the 2023 exploration program. A full camp re-build and expansion is planned to be completed by June 2023 in anticipation of supporting a 5,000m drilling program designed to confirm and expand on known VMS copper-zinc-lead-gold-silver resources at the Sun and SW Sun zones and test several other newly identified high-quality targets.

The proposed Ambler Road is planned to cross Valhalla State mining claims at the Sun project and would unlock a host of critical and strategic metals necessary for the green energy and transportation transition.

Rick Van Nieuwenhuyse, Chairman, said, "We are very pleased with the progress made at the Sun Project camp this fall and are looking forward to finish the camp re-build and get exploration underway. With the recent statements of support for the Ambler Access Road from U.S. Senators Lisa Murkowski and Dan Sullivan, and U.S. Representative Mary Peltola, we would like to reiterate the strategic importance of developing the copper, zinc and cobalt resources currently present in the Ambler Mining District. The Ambler Road will enable the development of these critical and strategic mineral resources and was written into law by Congress and signed by President Carter in 1980 to provide access to the Ambler Mining District. Developing this infrastructure will provide important opportunities to the local communities and greatly help produce a domestic supply of critical metals needed for the green energy and transportation transition - objectives set forth by President Biden earlier this year through the Defense Production Act and the Inflation Reduction Act."