OZ.V · 2025-02-27 12:00:00

Valkea Resources Establishes the Bulk-Tonnage Koivu Zone; Drills 15.35 meters of 3.43 g/t gold, including 2.75 meters of 12.92 g/t gold at the Paana Project, Finland

Drill Results

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TSX.V: OZ | OTCQB: OZBKF | FSE: 4A7

FOR IMMEDIATE RELEASE February 27, 2025

Valkea Resources Establishes the Bulk-Tonnage Koivu Zone;

Drills 15.35 meters of 3.43 g/t gold,

including 2.75 meters of 12.92 g/t gold at the Paana Project, Finland

Vancouver, British Columbia – February 27, 2025 – Valkea Resources Corp. (the “Company” or “Valkea”)

(TSX.V: OZ) is pleased to announce drill results from its inaugural exploration drill program at its 100%

owned Paana project in Lapland, Finland. The 1,997 meter, six hole drill program targeted both high-grade

(Kittila-style) and bulk-tonnage (Ikkari-style), disseminated gold mineralization at the Aarnivalkea West

discovery.

Highlights: Koivu Zone

• Holes AW-24-005 and AW-24-004 tested the up -dip and down- dip extent of disseminated gold

mineralization discovered in historical hole FAVD-64 (55.48 meters of 1.63 g/t gold including 8.50

meters of 8.57 g/t gold7)

• Drill hole AW-24-005 intersected 36.45 meters of 1.50 g/t gold including 15.35 meters of 3.43 g/t

gold and including 2.75 meters of 12.92 g/t gold from 150.15 meters down hole

• AW-24-004 intersected 37.95 meters of 0.61 g/t gold including 12.65 meters of 1.25 g/t gold and

including 1.50 meters of 4.99 g/t gold from 220.10 meters down hole

• Results demonstrate strong continuity of Ikkari-style, bulk-tonnage gold mineralization over a

100-meter dip extent where it remains open down-dip. Further step-out drilling down-dip and

along strike is warranted.

“Results from our inaugural drill program at the Aarnivalkea West target have veriﬁed the signiﬁcant

potential of the target area,” stated Chris Donaldson, CEO of Valkea Resources. “Every hole drilled hit gold

mineralization. Based on new data from these holes, as well as from a concurrent core relogging program,

we now have the technical data required to create a structural model and target the extents of both the

high-grade (Kittil a-style) mineralization and the newly established disseminated gold (Ikkari -style)

mineralization.

The Central Lapland Greenstone Belt is a prospective district with numerous signiﬁcant gold occurrences,

yet it has been historically under explored. Valkea is strategically positioned with a dominant land position

next to Kittila, Europe’s largest gold producer (Agnico Eagle Mines) and proximal to the development stage

Ikkari project of Rupert Resources. The region has become globally signiﬁcant for gold exploration and

discovery and is experiencing a surge in recent exploration, including neighbouring projects controlled by

B2Gold and Kinross Gold.

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We look forward to updating our shareholders with plans for our next phase of exploration.”

Aarnivalkea West Target

The Aarnivalkea West target, located approximately 24 km northwest of Agnico Eagle's Kittilä mine and 65

km northwest of Rupert Resource’s Ikkari deposit (Figure 1), is underlain by highly prospective rocks of the

Central Lapland Greenstone belt . Based on previous exploration programs , the broad and open 1.3 km

long target is considered prospective for both Kittila -style, high -grade mineralization and Ikkari-style

disseminated mineralization.

Figure 1. Map of the Central Lapland Greenstone Belt highlighting Valkea’s landholdings as well as

neighboring companies and associated exploration, development and mining projects. See References

below for sources of data.

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Drill Program

1,997 metres of core drilling in six holes were completed across the Aarnivalkea West target (Figure 2).

New drilling has outlined and expanded two zones of strong gold mineralization, the northern Koivu zone

and the southern Honka Zone.

Figure 2. Map showing drill collar locations with selected highlights from Aarnivalkea West

Koivu Zone: Holes AW-24-004 and AW-24-005 targeted the up- and down-dip extent of disseminated bulk-

tonnage style mineralization near historical hole FAVD64 (Figure 3). Hole FAVD64 was the only deep hole

previously drilled on section 772400N (Figure 3).

AW-24-005 intersected 36.45 meters of 1.50 g/t gold including 15.35 meters of 3.43 g/t gold from 150.15

meters down hole (Table 1). This interval is approximately 30 meters up -dip from FAVD-64 (Figure 3). A

high-grade interval of 0.5 meters of 62.4 g/t gold cored the broad zone of mineralization (Figure 3).

Similarly, AW-24-004, a 25- meter step-out, down-dip from mineralization in FAVD64, intersected 37.95

meters of 0.61 g/t gold, including 12.65 meters of 1.25 g/t gold and including 1.5 meters of 4.99 g/t gold.

This hole bottomed in 20.25 meters of 0.37 g/t gold including 4.45 meters of 1.10 g/t gold at 285.35 meters

down hole (Figure 3). This lower intercept is down-dip from a deeper interval in AW-24-005 (Figure 3) and

demonstrates the presence of a parallel east-dipping zone of disseminated mineralization. Mineralization

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at Koivu consists of quartz-carbonate-pyrite veins and veinlets hosted in deformed and siliciﬁed

intermediate volcanic rocks and diorite porphyries (Figure 3).

Table 1. Aarnivalkea West Assay Results – Koivu Zone

Hole ID

From

(m) To (m)

Interval

(m)

(g/t)

AW-24-004 47.25 54.90 7.65 0.18

and 65.80 68.00 2.20 0.29

and 127.70 129.25 1.55 1.22

and 176.40 181.35 4.95 0.41

and 220.10 258.05 37.95 0.61

including 245.40 258.05 12.65 1.25

including 245.40 246.90 1.50 4.99

and 285.35 305.60 20.25 0.37

including 290.00 294.45 4.45 1.10

AW-24-005 122.90 143.95 21.05 0.21

and 150.15 186.60 36.45 1.50

including 169.40 184.75 15.35 3.43

including 182.00 184.75 2.75 12.92

including 182.00 182.50 0.50 64.20

and 223.95 242.20 18.25 0.38

and 295.85 302.80 6.95 0.19

1. Calculations are uncut and length-weighted using a 0.1 g/t gold cutoﬀ with less than ﬁve continuous meters of internal dilution

2. Intervals are downhole core lengths. True widths are unknown.

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Figure 3. Section (B to B’) showing results from holes AW -24-004 and 005 drilled at the Koivu Zone. See

references below for sources of historical data. Inset, box photos of AW -24-005 showing drill core from

~182 meters downhole. Zones of bleaching was caused by silca- sericite-carbonate alteration associated

with veins and veinlets of quartz -carbonate-pyrite and disseminated gold mineralization. Abbreviations,

qtz = quartz, carb = carbonate, py = pyrite.

Honka Zone: Holes AW-24-001, 002, 003 and 006 targeted the extent of and structural control on vein -

hosted gold mineralization through a series of systematic step-outs on ~25 to 50 meter centres between

and oﬀset from historical holes FAV62 and FAVD71 (Figure 4).

All four holes intersected vein -hosted gold mineralization highlighted by AW-24-003; 2.77 g/t gold over

4.75 meters within 1.45 g/t gold over 10.25 meters . Hole AW-24-001, collared 55 meters south of AW -

24-003, intersected 4.53 g/t gold over 0.5 meters within 1.03 g/t gold over 8.6 meters in AW-24-001 (Table

2). Similar to the northern Koivu zone, a deeper zone of potentially parallel mineralization was intersected

in AW-24-006, which bottomed in 5.03 g/t gold over 1.55 met ers within 0.99 g/t gold over 9.2 meter s

(Figure 4). Mineralization in these southern holes consists of quartz-carbonate-pyrite-arsenopyrite veins

and veinlets hosted in deformed and albite -carbonate-sericite altered basalts and intermediate tuﬀs

(Figure 4). Higher-grade veins contain strong arsenopyrite mineralization associated with wall rock albite-

sericite alteration. This style of mineralization is typical of Kittila-style orogenic gold deposits.12

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Whole rock geochemical data, together with detailed logging/relogging and structural data from oriented

core are being integrated from the Honka zone to deﬁne the geological and structural model for the area.

Based on this new model, further drilling will target plunging zones of high -grade, Kittila-style

mineralization within broader zones of east-dipping bulk-tonnage style mineralization.

Figure 4. Oblique view of section C to C’ showing results from holes AW-24-001, 002, 003 and 006 drilled

at the Honka Zone. See references below for sources of historical holes. Inset, box photos of AW-24-003

showing drill core from ~191 meters downhole. Zones of bleaching was caused by albite-sericite alteration

associated with quartz-carbonate-pyrite-arsenopyrite veins. Abbreviations, qtz = quartz, carb = carbonate,

py = pyrite, apy = arsenopyrite.

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Table 2. Aarnivalkea West Assay Results – Honka Zone

Hole ID

From

(m) To (m)

Interval

(m)

(g/t)

AW-24-001 77.70 101.35 23.65 0.17

and 113.55 119.80 6.25 0.31

and 156.70 190.10 33.40 0.35

including 181.50 190.10 8.60 1.03

and 229.00 258.30 29.30 0.21

and 331.40 334.65 3.25 0.48

AW-24-002 103.45 108.50 5.05 0.35

and 203.30 218.80 15.50 0.55

including 203.30 206.80 3.50 1.87

and 234.90 242.60 7.70 0.48

including 238.75 242.60 3.85 0.77

and 262.80 276.00 13.20 0.52

including 269.00 270.70 1.70 2.44

and 282.35 285.60 3.25 1.24

and 315.40 317.45 2.05 1.87

and 337.85 380.60 42.75 0.24

AW-24-003 123.60 144.00 20.40 0.24

and 172.20 174.00 1.80 0.77

and 187.00 197.25 10.25 1.45

including 192.50 197.25 4.75 2.77

and 269.00 323.00 54.00 0.21

including 272.00 276.80 4.80 0.79

AW-24-006 43.00 66.00 23.00 0.16

and 122.10 135.00 12.90 0.28

and 150.80 169.00 18.20 0.48

including 150.80 152.85 2.05 3.40

and 183.05 188.15 5.10 0.20

and 206.15 261.50 55.35 0.25

and 293.70 302.90 9.20 0.99

including 293.70 295.25 1.55 5.03

1. Calculations are uncut and length-weighted using a 0.1 g/t gold cutoﬀ with less than ﬁve continuous metres of internal dilution

2. Intervals are downhole core lengths. True widths are unknown.

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Summary and Next Steps

The drill program at Aarnivalkea West successfully accomplished its three main objectives: 1) conﬁrm the

presence of high-grade and disseminated gold mineralization in two key areas, 2) expand the footprint of

known areas of mineralization, and 3) reﬁne the geological and structural model incorporating results from

new drilling and relogging of historical drill core.

Follow-up drilling is warranted to test the lateral and vertical extent of gold mineralization at the Koivu and

Honka zones. The lightly tested, 500-meter gap between the two zones also warrants systematic drill

testing (Figure 5). The Company is also planning project-wide inﬁll BoT (bottom of till) drilling and

exploration diamond drilling at the Aarnivalkea East target. Additional targets in neighboring exploration

application licences that form part of the greater Paana Project will also be evaluated.

Figure 5. Schematic long section (A to A’) through the Aarnivalkea West target showing new and historical

drill data. See references below for historical holes.

Table 3. Drill Collar Information

Hole ID

Easting

(m)

Northing

(m)

Elevation

(m) Azimuth Dip

EOH

(m)

AW-24-001 418381 7551792 241 270 -55 353.9

AW-24-002 418474 7551839 243 270 55 380.6

AW-24-003 418406 7551842 243 270 -50 350.9

AW-24-004 418605 7552399 244 270 -55 305.6

AW-24-005 418529 7552396 246 270 -55 302.8

AW-25-006 418341 7551789 264 300 -55 302.9

Coordinates are in UTM Z 35 N

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