High-Grade Mineralization From Maiden Drill Program At Sun Project

VANCOUVER - Valhalla Metals Inc. reported on four diamond drill holes totaling 1,104 m completed during the 2023 exploration program at its flagship Sun project located in the World Class Ambler Mining District, Northwest Alaska. All four drill holes intersected multiple significant mineralized intervals. Sun23-01 intersected 13.7m of 3.07% CuEq* (1.24% Cu, 0.92% Pb, 3.45% Zn, 0.16 g/t Au, and 55.79 g/t Ag). Sun 23-02 intersected 14.6m of 1.91% CuEq including 10.8m of 2.2% CuEq (0.69% Cu, 0.73% Pb, 2.88% Zn, 0.12 g/t Au, and 53.77 g/t Ag). Sun23-03 intersected 13.8m of 3.44% CuEq including 8.7m of 4% CuEq (1.89% Cu, 1.23% Pb, 3.35% Zn, 0.29 g/t Au, and 94.36 g.t Ag). Sun 23-04 intersected 21.4m of 6.84% CuEq (1.31% Cu, 3.23% Pb, 11.03% Zn, 0.24 g/t Au, and 108.31 g/t Ag) within a larger interval of 52.4m of 3.3% CuEq. The 2023 drilling campaign was designed to test mineralization down-dip and along strike to known mineral resources and represented significant step-outs from known mineralization.

Rick Van Nieuwenhuyse, Chairman, said, "These are four great step-out holes demonstrating that the VMS system continues to depth with mineable grades and thicknesses of copper, zinc and precious metals. All we need to do is keep drilling to expand the known resources."