Mr. Alexander Horsley reports

EMPEROR ANNOUNCES PRIVATE PLACEMENTS

Emperor Metals Inc. has proposed to complete two separate non-brokered private placement financings consisting of: (i) 6.6 million flow-through common shares (QFT shares) within the meaning of Subsection 66(15) of the federal Income Tax Act (Canada) and Section 359.1 of the Taxation Act (Quebec) at a price of 12.5 cents per QFT share for gross proceeds of $825,000; and (ii) 3,436,362 flow-through common shares within the meaning of Subsection 66(15) of the federal Income Tax Act (Canada) only at a price of 11 cents per FT share for gross proceeds of an additional $378,000. The gross proceeds from the offerings will be utilized to finance Canadian exploration expenses on the Duquesne West gold project, Quebec.

The company may pay finders' fees to arm's-length finders in connection with these offerings, which is expected to be up to 6.0 per cent of the gross proceeds raised by such finder, in cash and non-transferable share purchase warrants to acquire common shares of the company of up to 6.0 per cent of the number of QFT shares or FT shares as the case may be sold to a purchaser or purchasers introduced by the finder(s), and exercisable by the finder(s) at 20 cents per share for a period of up to two years from a closing date. The terms of the offerings are subject to notice to the Canadian Securities Exchange (CSE) and any finders' fees payable will be issued in accordance with the policies of the CSE and applicable securities laws.

About Emperor Metals Inc.

Emperor Metals is an innovative Canadian mineral exploration company focused on developing high-quality gold properties situated in the Canadian Shield.

We seek Safe Harbor.