QGP Progress Update

Date: 6 July 2026

FOR IMMEDIATE RELEASE (Aquis Stock Exchange: VLRM)

Valereum Plc

("Valereum", "VLRM" or the "Company")

 Quorium Global Photonics SPC ("QGP") Progress Update

Valereum Plc (AQSE: VLRM | OTCQB: VLRMF), a company aiming to become the global market leader in the rapidly developing tokenised digital markets sector, provides an update on the digital asset and liquidity infrastructure being developed with Quorium Global Photonics ("QGP").

QGP has advised Valereum that it has issued its VCORE+ tokens (previously VGOLD-CORE) on the XRP Ledger. The VCORE+ tokens are subject to liquidity testing, and their market value remains dependent on the completion of the operational and liquidity infrastructure.

Whilst the Company acknowledges the progress outlined above, the associated operational deliverables have not been completed within the agreed timeframe in accordance with the Definitive Agreement as previously announced on 22 April 2026. The Company reserves all of its contractual and legal rights under the Definitive Agreement.  

The Company will update shareholders as appropriate.

James Bannon, Chair of Valereum Plc, commented:

"The technical and operational aspects of this initiative have been complex. We acknowledge the significant progress achieved to date. However, our primary focus remains the delivery of the operational milestones required to make the ecosystem fully functional.

The Board is reviewing all available options and has reserved all of its rights, including its rights under the previous arrangement announced on 21 January 2026. Until the Company is satisfied that the agreed funding, verification and liquidity provision thresholds have been met, the shares and warrants held by QGP will remain locked up.

Our responsibility is to protect shareholder interests while seeking the most appropriate outcome, and we will take whatever action is necessary to achieve that objective."

For further information, please contact:

The Directors of the Company accept responsibility for the contents of this announcement.

Please visit the Company's website at www.vlrm.com

For more information, and the chance to have your questions directly answered by the management team, please head to our interactive investor hub via: Investor Hub.

IMPORTANT NOTICES

The Company holds cryptocurrencies or crypto assets in its treasury. Whilst the Board of Directors of the Company considers holding cryptocurrencies to be in the best interests of the Company, the Board remains aware that the financial regulator in the UK (the Financial Conduct Authority or FCA) considers investment in cryptocurrencies to be high risk. At the outset, it is important to note that an investment in the Company is not an investment in cryptocurrencies, either directly or by proxy and shareholders will have no direct access to the Company's holdings. However, the Board of Directors consider cryptocurrencies to be an appropriate store of value and potential growth and therefore appropriate for the Company. Accordingly, the Company is and intends to continue to be materially exposed to cryptocurrencies.

The Company is neither authorised nor regulated by the FCA, and the purchase of certain cryptocurrencies are generally unregulated in the UK. As with most other investments, the value of cryptocurrencies can go down as well as up, and therefore the value of the Company's cryptocurrencies holdings can fluctuate. The Company may not be able to realise its cryptocurrencies holdings for the same as it paid to acquire them or even for the value the Company currently ascribes to its cryptocurrencies positions due to market movements. Neither the Company nor investors in the Company's shares are protected by the UK's Financial Ombudsman Service or the Financial Services Compensation Scheme.

Cryptocurrencies may present special risks to the Company's financial position. These risks include (but are not limited to): (i) the value of cryptocurrencies can be highly volatile, with value dropping as quickly as it can rise. Investors in cryptocurrencies must be prepared to lose all money invested in cryptocurrencies; (ii) the cryptocurrencies market is largely unregulated. There is a risk of losing money due to risks such as cyber-attacks, financial crime and counterparty failure; (iii) the Company may not be able to sell its cryptocurrencies at will. The ability to sell cryptocurrencies depends on various factors, including the supply and demand in the market at the relevant time. Operational failings such as technology outages, cyber-attacks and commingling of funds could cause unwanted delay; and (iv) crypto assets are characterised in some quarters by high degrees of fraud, money laundering and financial crime. Prospective investors in the Company are encouraged to do their own research before investing.