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ValOre Metals Corp. Board/Management Information 2021

Jun 2, 2021

46350_rns_2021-06-01_031a566a-a241-492a-80c6-910c1f5eda45.pdf

Board/Management Information

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FORM 51–102F3 MATERIAL CHANGE REPORT

ITEM #1 NAME & ADDRESS OF COMPANY

ValOre Metals Corp. 1020-800 West Pender Street Vancouver, BC V6C 2V6

(the “ Company ”)

ITEM #2 DATE OF MATERIAL CHANGE

June 1, 2021

ITEM #3 NEWS RELEASE

A news release announcing the material changes referred to in this report was filed on SEDAR and disseminated on June 1, 2021.

ITEM #4 SUMMARY OF MATERIAL CHANGE

On June 1, 2021, the Company announced the appointment of Darren Klinck to the Board of Directors and Ian Pritchard and Luis Azevedo as strategic advisors. Additionally, Brian McMaster and Luis Azevedo have resigned as Directors.

ITEM #5 FULL DESCRIPTION OF MATERIAL CHANGE

On June 1, 2021, the Company announced the appointment of Darren Klinck to the Board of Directors and Ian Pritchard and Luis Azevedo as strategic advisors. Brian McMaster and Luis Azevedo have resigned as Directors. These appointments add significant corporate and project related experience to the team responsible for advancing ValOre’s 100%-owned Pedra Branca Platinum Group Elements (“PGE”) Project in northeastern Brazil.

ITEM # 6 RELIANCE ON SUBSECTION 7.1(2) OF NATIONAL INSTRUMENT 51– 102

N/A

ITEM #7 OMITTED INFORMATION

N/A

ITEM #8 EXECUTIVE OFFICER

The following executive officer of the Company is knowledgeable about this report and the material change disclosed herein: James Paterson Chief Executive Officer Tel: (604) 646-4527

ITEM #9 DATE OF REPORT

DATED at Vancouver, BC, this 1[st] day of June, 2021.