Drilling Commences at the Highly Prospective Hook Lake Uranium Project in the Athabasca Basin, Canada

Valor Resources Limited (Valor) or (the Company) (ASX:VAL) is pleased to announce the Company’s maiden diamond drilling program at the Hook Lake Uranium Project. The Hook Lake Project is located in the world class uranium province, the Athabasca Basin in Saskatchewan, Canada.

HIGHLIGHTS

• 2,500m diamond drilling program has commenced at the Hook Lake Uranium Project
• Drilling to test the extent of uranium mineralisation at the S-Zone which included 59.2% U308 rock chips at surface
• Program will include testing of the V-Grid, a geochemical and structural target
• An airborne gravity survey over Hook Lake is scheduled to commence in April 2022

The Hook Lake Project Diamond Drilling program will consist of approximately 2,500m targeted primarily at the S-Zone but also including holes at the V-Grid target.

Executive Chairman George Bauk comments: “Following the 2021 exploration program which included on ground field work, various airborne surveys and a review of historical data, the Company is excited to commence drilling at the Hook Lake Project”.

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