Mr. Paul Sun reports

EMINENT ACQUIRES SILICON ANALOGUE, CELTS PROJECT IN NEVADA

Eminent Gold Corp. has signed an agreement to acquire a 100-per-cent interest in the Celts project in Nevada, United States, from Orogen Royalties Inc., for a total purchase price of $400,000 (U.S.), payable in two tranches over the next six months. Eminent believes the Celts project represents a strong exploration analogue to the recent Silicon discovery, located 100 kilometres south. The Expanded Silicon project collectively boasts an impressive total mineral resource of 13.27 million ounces of gold, including 4.22 million ounces of indicated and inferred resources from the Silicon deposit and 9.05 million ounces of inferred resources from the Merlin deposit, underscoring the significant potential of the area. The recent discovery of the Silicon epithermal gold deposit near the Beatty district by AngloGold Ashanti highlights the significant prospects of the Walker Lane trend, a region renowned for its substantial gold endowment, including 80 million ounces of historically produced gold and extensive estimated gold resources.

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

"We are pleased to announce the inclusion of the Celts project into our portfolio. This aligns with our strategic plan to develop a pipeline of exploration projects with analogous features to world-class deposits in Nevada.

"The Celts project presents a substantial opportunity, where we can leverage the extensive groundwork already completed, and advance this project both efficiently and cost-effectively.

"We remain disciplined with our Nevada-based technical team committed to maximizing shareholder value through strategic, large-potential exploration and delivering catalyst-rich opportunities in a thriving gold market.

"Our current drill program at Hot Springs Range is a significant step in this direction and will be ongoing depending on results. We are preparing final permits to drill Gilbert South and completing the final steps to advance Celts to a drill-ready, permitted stage in the first half of 2025."

About the Celts Gold project

The Celts property was originally identified and staked by Orogen's technical team, the same group responsible for AngloGold Ashanti's recent Silicon discovery, which boasts 3.4 million ounces of indicated gold resources and 800,000 ounces of inferred gold resources. Following the success at Silicon, AngloGold discovered a more extensive deposit within Orogen's area of interest (AOI), known as Merlin, with an inferred resource of 9.05 million ounces of gold. Given the similar geology and regional setting, the Celts project represents a significant addition to Eminent's exploration portfolio.

The Celts project, encompassing 67 unpatented claims over 560 hectares, is located in southeastern Nevada, approximately thirteen kilometers northeast of the historic town of Goldfields. The Goldfields district has an endowment of approximately 5.5 million ounces of gold.

Orogen has identified a substantial steam cap of approximately 800 square metres at Celts, featuring silica and advanced argillic alteration-characteristics it shares with Silicon. This alteration is situated within a rhyolite dome complex, which is of the same age as rhyolite samples from Silicon and intrudes through a thick basalt unit covering much of the property. High-grade gold veins historically mined at the periphery of the property, with grab samples up to 33 g/t Au, highlight the potential target zones beneath the rhyolite dome and basalt, which Orogen considers a potential aquiclude.

Similar to Silicon, the steam cap at Celts is devoid of gold and other trace elements, as the alteration occurred above the water table. The low-sulphidation gold deposits that often underlie these steam caps form in boiling zones below the water table and require drilling for confirmation. The evidence for such zones at Celts includes the peripheral veins mentioned earlier. Minimal drilling has occurred near these veins, and none beneath the steam cap and basalt outcroppings. To explore these promising targets, Eminent plans a comprehensive surface exploration program at Celts, leveraging geophysical and geochemical techniques proven effective at Silicon and similar deposits.

Dan McCoy, chief geologist and director, commented:

"The Silicon discovery, initially identified by Orogen and later acquired by AngloGold Ashanti, has paved the way for Eminent to explore for multimillion-ounce deposits beneath gold-barren, steam-heated alteration caps. The Celts project although early stage is comparable, with its hyperspectral alteration data, matching age of the rhyolite dome and the low sulphidation state of the historically mined peripheral veins, presents a compelling exploration target akin to Silicon.

"We are enthusiastic about commencing exploration activities, as this project aligns perfectly with our strategic objective of discovering multimillion-ounce gold deposits in Nevada's prolific mining region."

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

Transaction Highlights:

Total payment: $400,000 (U.S.)

At closing:

• $30,000 (U.S.) in cash;
• $45,000 (U.S.) in Eminent common shares.

Within six months of closing:

• $325,000 (U.S.) in cash or Eminent common shares (at Eminent's discretion, subject to regulatory approval).

Property claims:

• 3-per-cent net smelter return (NSR) royalty;
• Option to repurchase 1 per cent of the royalty for $1.5-million (U.S.) (reducing the NSR to 2 per cent).

Proceeds split

• $200,000 (U.S.) in cash and/or shares to each Orogen and a subsidiary of Altius Minerals Corp.;
• 1.5-per-cent NSR royalty to each Orogen and Altius.

Finder's fee:

• $10,000 (U.S.) in cash to 3L Capital Inc.;
• Approximately 1.78 per cent of the purchase consideration;
• Subject to TSX Venture Exchange acceptance.

We seek Safe Harbor.