Valhalla Metals Receives Approval to Trade on the OTCQB Market

Vancouver, September 11, 2023 - Valhalla Metals Inc. (TSXV: VMXX) (OTCQB: VHMIF) ("Valhalla" or the "Company") is pleased to announce that the Company's common shares have been approved and admitted for trading on the OTCQB Venture Market (the "OTCQB") in the United States, under the symbol "VHMIF". The OTCQB is a U.S. trading platform that is operated by the OTC Markets Group in New York and is the premiere marketplace for growth and developing U.S. and international companies. Participating companies must be current in their reporting and undergo an annual verification and management certification process. Valhalla's common shares will continue to trade on the Toronto Stock Exchange Venture under the symbol "VMXX".

Rick Van Nieuwenhuyse, Chairman states, "We believe the exposure to the US markets will make more investors aware of Valhalla and our exposure to copper, zinc and other critical metals for the green energy and transportation transition. If the US wants to meet the goals it has set for itself it must also invest in mining projects like our Sun deposit located in the Ambler Mining District of Alaska where there is a demonstrated history of doing mining right from an ESG perspective."

Information relating to Valhalla Metals as well as Real-Time level 2 quotes for the Company will be available on www.otcmarkets.com.

About Valhalla Metals

Valhalla Metals Inc. is a mineral exploration and development company focused on the advancement of its mineral projects towards feasibility. Valhalla's flagship project is the Sun copper-zinc-lead-gold-silver VMS projects located in Ambler Mining District, Northwest Alaska. The Company also owns the Smucker project, a high-quality copper-zinc-lead-gold-silver VMS project located in the Ambler Mining District, Northwest Alaska. Valhalla Metals Inc. shares trade on the TSX-V under the ticker symbol VMXX. For more information about Valhalla, please visit our website at www.valhallametals.com.

Forward-Looking Statements:

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plan", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based, are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; and the additional risks identified in the annual information form of the Company or other reports and filings with the TSX-V and applicable Canadian securities regulators. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

For more information on the Company, please contact Valhalla Metals Inc.

Sorin Posescu, Chief Executive Officer

Email: invest@valhallametals.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/180121