Mr. Paul Sun reports

EMINENT ACQUIRES GILBERT SOUTH PROPERTY IN NEVADA

Eminent Gold Corp. has signed a purchase and sale agreement with Orogen Royalties Inc. for its Gilbert South property located 30 kilometres west of Tonopah in the Walker Lane trend (total gold endowment of over 80 milion ounces gold and 700 million ounces silver), Nevada.

Under the terms of the purchase agreement, Eminent will acquire 100-per-cent interest in the 110 unpatented claims (890 hectares) in exchange for 350,000 Eminent common shares. An additional 200,000 Eminent common shares will be issued to Orogen when the company initiates a drill program at Gilbert South. As a result, the existing option agreement with Orogen has been terminated. The Property comprises three different claim blocks: (i) two unpatented claims known as the Nevada select claims; (ii) 27 unpatented claims known as the GL claims; and (iii) 81 unpatented claims known as the Timberline claims. The Timberline claims are currently subject to a 3-per-cent net smelter return royalty, the Nevada select claims are currently subject to a 2-per-cent net smelter return royalty and the GL claims are currently subject to a 2.25-per-cent net smelter return royalty. The company shall have the option and right to repurchase 1 per cent of the GL royalty for $1-million (U.S.), thus reducing the GL royalty to 1.25 per cent of all products from the GL claims. Orogen shall have the option to buy down 1 per cent of the Timberline net smelter return for $1.5-million (U.S.).

Paul Sun, president and chief executive officer of the company, commented:

"The Gilbert South property represents an exceptional opportunity to explore a well-known historic gold district and having ownership of it puts the company in a much better position to advance the project on its own timeline. We consider this to be one of the best epithermal prospects in the Walker Lane district in Nevada."

Dan McCoy, chief geologist and director, commented:

"The Gilbert South property is a classic large epithermal system with high grades of gold. Previous drilling did not test the most prospective targets and little targeting has been done with respect to the potential bonanza grade gold that may exist at depth."

Eminent's exploration work on the property's target areas identified by surface samples and mapping has been corroborated by geophysical data. The geophysical conductive anomalies commonly correlate with alteration of the host rock to clay minerals produced by the same fluids that formed veins; a common association in bonanza gold targets and one that Eminent geologists mapped on the surface at Gilbert South. The company plans to prioritize and permit drill targets at Pretty Boy, Bighorn and the East Bound areas in preparation for a drill program planned for 2024.

All scientific and technical information in this news release has been prepared or approved by Justin Milliard, PGeo. Mr. Milliard is project geologist for Eminent and is a qualified person for the purposes of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

About Eminent Gold Corp.

Eminent Gold is a gold exploration company focused on creating shareholder value through the exploration and discovery of world-class gold deposits in Nevada. Its multidisciplinary team has had multiple successes in gold discoveries and brings expertise and new ideas to the Great basin. The company's exploration assets in the Great basin include: the Hot Springs Range project, Weepah, Gilbert South and the Spanish Moon district.

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