ValOre and South Atlantic Provide Update on Proposed Amalgamation

Core Viewpoint - ValOre Metals Corp and South Atlantic Gold Inc. are proceeding with a proposed amalgamation, which requires shareholder approval at a meeting scheduled for June 13, 2025 [1][2][9] Group 1: Amalgamation Details - The amalgamation involves South Atlantic, ValOre, and a wholly-owned subsidiary of ValOre, 1529317 B.C. Ltd, where ValOre will acquire all outstanding common shares of South Atlantic in exchange for ValOre shares [2][9] - The amalgamation agreement was dated March 26, 2025, and further details are provided in the management information circular dated May 13, 2025 [3][14] - The completion of the amalgamation is subject to approval from the TSX Venture Exchange and other customary closing conditions, with conditional approval already granted [9] Group 2: Shareholder Meeting Information - The annual general and special meeting for South Atlantic shareholders will take place on June 13, 2025, at 10:00 a.m. in Kelowna, BC [1] - Shareholders are encouraged to vote using the provided proxy or voting information form before the deadline of June 11, 2025, at 10:00 a.m. [6] - The board of directors of South Atlantic unanimously recommends that shareholders vote in favor of the amalgamation [5] Group 3: Communication and Assistance - South Atlantic's transfer agent has mailed all relevant meeting materials to registered shareholders, and these materials are also available on South Atlantic's SEDAR+ profile [4][14] - Shareholders with questions regarding voting or the letter of transmittal are advised to contact the President and CEO of South Atlantic [8]