Mr. John Florek reports

EMPEROR METALS UNVEILS KEY INSIGHTS FROM 424 LINE-KM AEROMAGNETIC GEOPHYSICAL SURVEY AT THE DUQUESNE WEST GOLD PROJECT IN QUEBEC

Emperor Metals Inc. has completed a 424-line-kilometre aeromagnetic geophysical survey comprising 14.5 square kilometres at the Duquesne West gold project in Quebec. This high-resolution survey enhances Emperor's exploration strategy by refining geological models and targeting capabilities for gold deposition.

Highlights

• Enhanced aeromagnetic resolution: achieved with 50-metre and 25 m line spacing providing new and improved detail;
• Advanced geological understanding: advances Emperor's understanding of the structural framework and lithological controls crucial to mineralization;
• Revealed greenstone belt architecture: illustrates the underlying architecture of the greenstone belt; pinpointing areas to favourable ore environments;
• Discovery of unknown structural features: reveals unknown structural features not identified by past explorers, offering new exploration targets.

Chief executive officer John Florek commented:

"This data set not only enhances our understanding of the complex geological environment at Duquesne West but also aligns perfectly with our strategic objectives. By identifying signatures indicative of both high-grade and bulk tonnage gold deposits, we're now equipped to expand our exploration efforts across multiple fronts. This improved aeromagnetic detail is meaningful for our 2024 drilling program, setting the stage for a transformative year. With these insights, we're more confident than ever in our ability to uncover new targets for expanding known mineralization and exploring new prospects. We anticipate a busy and productive summer ahead."

Strategic implications

This data set is instrumental in distinguishing the signatures related to favourable gold deposition, enabling the identification of previously overlooked targets. Specifically, it aids in exploration for:

1. Underground high-grade gold;
2. Open-pit bulk tonnage gold;
3. Underground bulk tonnage gold.

These findings are aligned with Emperor Metals' strategic vision to explore and develop diverse gold resources, leveraging advanced technologies to uncover the full potential of the Duquesne West gold project.

2024 geophysical survey

This survey marks the first set of detailed (less than 100-metre line spacing) aeromagnetics geophysical data on the Duquesne West project with substantially better resolution than historical government data which gives the company valuable insight into magnetic characteristics on its claims.

The survey is expected to enhance the understanding of structure, mineralogy and spatial positioning of potential economic mineralization related to magnetic anomalies. This survey will assist the company in expanding the footprint of known mineralization and defining near-surface targets ahead of the company's 2024 drill program.

About the Duquesne West gold project

The Duquesne West gold property is located 32 kilometres northwest of the city of Rouyn-Noranda and 10 km east of the town of Duparquet. The property lies within the historic Duparquet gold mining camp in the southern portion of the Abitibi greenstone belt in the Superior province.

Under an option agreement, Emperor agreed to acquire a 100-per-cent interest in a mineral claim package comprising 38 claims covering approximately 1,389 hectares, located in the Duparquet township of Quebec, from Duparquet Assets Ltd., a 50-per-cent-owned subsidiary of Globex Mining Enterprises Inc. For further information on the Duquesne West property and option agreement, see Emperor's press release dated Oct. 12, 2022, available on SEDAR.

The property hosts a historical inferred mineral resource estimate of 727,000 ounces of gold at a grade of 5.42 grams per tonne Au. The mineral resource estimate predates modern CIM guidelines and a qualified person on behalf of Emperor has not reviewed or verified the mineral resource estimate, therefore it is considered historical in nature and is reported solely to provide an indication of the magnitude of mineralization that could be present on the property. The gold system remains open for resource identification and expansion.

Reinterpretation of the existing geological model was created using artificial intelligence (AI) and machine learning. This model shows the opportunity for additional discovery of ounces by revealing gold trends unknown to previous workers and the potential to expand the resource along significant gold-endowed structural zones.

Multiple scenarios exist to expand additional resources which include:

• Underground high-grade gold;
• Open-pit bulk tonnage gold;
• Underground bulk tonnage gold.

QP disclosure

The technical content for the Duquesne West project in this news release has been reviewed and approved by John Florek, MSc, PGeol, a qualified person pursuant to CIM guidelines.

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.