Mr. Alexander Horsley reports

EMPEROR CLOSES $1.2 MILLION PRIVATE PLACEMENT

Emperor Metals Inc. has completed the non-brokered private placement financing previously announced on Dec. 14, 2023.

The company issued: (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 to raise gross proceeds of $825,000; and (ii) 3,436,362 flow-through common shares (FT 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 for Canadian exploration expenses on the Duquesne West gold project, Quebec.

In connection with the offerings, the company paid a total of $72,180 in cash, and issued 672,181 finders' warrants to eligible finders for certain of the FT shares sold. Each finder's warrant entitles the holder to purchase one common share of the company at an exercise price of 20 cents per share until Dec. 21, 2025. All securities issued are subject to a hold period until April 22, 2024.

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. For more information, please refer to SEDAR+ under the company's profile.

We seek Safe Harbor.