Mr. Paul Sun of Eminent reports

EMINENT ANNOUNCES TSX-V APPROVAL FOR GILBERT SOUTH PURCHASE; CORRECTION TO SEPTEMBER 27, 2023 NEWS RELEASE

The TSX Venture Exchange has accepted for filing documentation pertaining to the purchase agreement dated Sept. 26, 2023, between Eminent Gold Corp. and its subsidiary and Orogen Royalties Inc., an arm's-length party. Pursuant to the terms of the agreement, the company may acquire a 100-per-cent interest in the 110 unpatented claims (890 hectares). By way of consideration, the company will issue 350,000 common shares to the seller, and an additional 200,000 common shares will be issued when the company initiates a drill program at the Gilbert South property, located 30 kilometres west of Tonopah in the Walker Lane trend, Nevada.

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.). The seller shall have the option to buy down 1 per cent of the Timberline net smelter return for $1.5 million (U.S.).

For further details, please refer to the company's news release dated Sept. 27, 2023.

The company also announces that its Sept. 27, 2023, news release referred to Justin Milliard, PGeo, as the qualified person who reviewed the scientific and technical information in the news release. The news release was reviewed by Michael Dufresne, a qualified person under National Instrument 43-101, not Mr. Milliard. There is no change to the scientific or technical disclosure in the news release.

About Eminent Gold Corp.

Eminent 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 Spanish Moon district.