Silver Valley Metals raises $2.4 million in non-brokered private placement

Vancouver, British Columbia--(Newsfile Corp. - October 7, 2026) - Silver Valley Metals Corp. (TSXV: SILV) (OTCQB: SVMFF) ("Silver Valley" or the "Company"), announces that it intends to complete a non-brokered private placement (the "Financing").

The Company will issue up to 30,000,000 units of the Company ("Units") at a price of $0.08 per Unit for aggregate gross proceeds of up to $2.4 million. Each Unit will consist of one common share and one common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder to acquire one common share of the Company at an exercise price of $0.12 for a period of 24 months from the date of issue.

Three (3) insiders of the Company are subscribing to the Financing for CAD $470,000, that portion of the Financing being a "related party transaction" under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company will rely on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a), respectively, as the fair market value of the insiders' participation will not exceed 25% of the Company's market capitalization.

No finder's fees are payable in connection with the Financing.

All securities issued pursuant to the Financing will be subject to a statutory hold period of 4 months and one day from the date of issue. The Financing is subject to the approval of the Exchange.

The Company intends to use the net proceeds of the Financing for working capital and general corporate purposes, including advancing its existing mining and development projects and evaluating and funding acquisitions, strategic investments and other M&A opportunities in the mining sector. The Company has not made a final allocation of the net proceeds and may reallocate them among these purposes in response to business opportunities, market conditions and other circumstances. Pending deployment, the net proceeds may be held in cash, cash equivalents or short-term investments. There can be no assurance that any acquisition, investment or other transaction will be identified or completed on acceptable terms or at all.

Link to Website: http://www.silvervalleymetals.com

About: Silver Valley Metals:

Silver Valley Metals Corp. is a Canadian exploration company led by an experienced team of exploration, mining, and capital markets professionals focused on the acquisition, evaluation, and advancement of high-quality mineral assets. The Company is advancing strategic and precious mineral opportunities, including its 100%-owned Mexi-Can Lithium-Potash Project in Mexico, and maintains an equity ownership interest in Silver Dollar Resources Inc., which holds the Ranger-Page silver-zinc-lead project in Idaho's historic Silver Valley, along with residual net smelter return royalties at the project.