Silver Valley Metals Announces Cancellation of Previously Announced Non-Brokered Private Placement Financing

(TSXV:SILV) (OTCQB:SVMFF) Silver Valley Metals Corp. announced that it will not proceed with the previously proposed non-brokered private placement of up to 30,000,000 units at a price of $0.08 per unit for aggregate proceeds of $2,400,000. The company remains focused on advancing its existing mining and development projects and continues to evaluate potential acquisitions, strategic investments, and other opportunities to complement its portfolio and create shareholder value. Silver Valley Metals Corp. will continue to assess its working capital requirements and evaluate financing alternatives as appropriate to support ongoing operations and future corporate initiatives. The company expressed appreciation for the interest and support from prospective investors regarding the proposed financing. Silver Valley Metals Corp. owns a 100% interest in the Mexi-Can Lithium-Potash Project in Mexico, which comprises 4,056 hectares on three mineral concessions located on the Central Mexican Plateau in the states of Zacatecas and San Luis Potosi, Mexico. The NI 43-101 inferred mineral resource at the Mexi-Can Project contains 12.3 million tonnes of Sulfate of Potash (SOP) and 243,000 tonnes of lithium carbonate equivalent (LCE), defined from surface to an average of 5 metres depth. The salar complexes at the Mexi-Can Project remain open in all directions for expansion. Silver Valley Metals Corp. also 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. The scientific and technical information in the news release was reviewed and approved by Timothy Mosey, BSc, MSc, SME Registered Member, who is an independent director and technical adviser to Silver Valley Metals Corp. Brandon Rook is the President, CEO, and Director of Silver Valley Metals Corp.