Valorem Unaware of Any Material Change

Valorem Unaware of Any Material Change

Vancouver, British Columbia - (April 16, 2021) – VALOREM RESOURCES INC. (the “Company”

or “Valorem”) (CSE: VALU) (Frankfurt: 1XW1). It has come to the Company's attention that we

have been the target of false statements being made by the-financialnews.com about the nature

of our assets. We understand from an article published by the Globe & Mail earlier today, that the

offending website has previously targeted another exploration company with an almost identically

worded post about that particular company.

Valorem wishes to clarify that we have had no involvement with this website before nor in

connection with the false article about our assets. Valorem has never had any communications

with this website, is not associated with this website in any manner whatsoever, nor do we know

who they are. Valorem strongly disclaims any statements made about us by this website.

About Valorem Resources Inc. - Valorem explores and develops precious metal properties in the

Americas.

ON BEHALF OF THE BOARD - Valorem Resources Inc.

Tony Louie, Interim CEO and Director

Email: [email protected]

Phone: 604-319-8712

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER

HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS

RELEASE. NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY

AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.

This news release includes certain statements that may be deemed “forward-looking statements ”. All

statements in this release, other than statements of historical facts, including the likelihood of commercial

mining and possible future financings are forward-looking statements. Although the Company believes the

expectations expressed in such forward -looking statements are based on reasonable assumptions, such

statements are not guarantees of future performance and actual results or developments may differ

materially from those in the forward -looking statements. Factors that could cause actual results to differ

materially from those in forward -looking statements include unsuccessful exploration results, changes in

metals prices, changes in the availability of funding for mineral exploration, unanticipated changes in key

management personnel and general economic conditions. Mining is an inherently risky bus iness.

Accordingly, the actual events may differ materially from those projected in the forward-looking statements.

For more information on the Company and the risks and challenges of its business, investors should review

the Company's annual filings which are available at www.sedar.com.