Mr. Paul Sun reports

EMINENT CLOSES ACQUISITION OF CELTS PROJECT IN NEVADA

Pursuant to a purchase agreement among Eminent Gold Corp., Hot Springs Resources Corp. (a wholly owned subsidiary of the company), Renaissance Exploration Inc. (a wholly owned indirect subsidiary of Orogen Royalties Inc.) and Altius Resources Inc. previously announced on Dec. 12, 2024, Eminent Gold has completed its acquisition of the Celts mineral property in Nevada, United States, from the sellers for an aggregate purchase price of $400,000 (U.S.). Following completion of the acquisition, the company holds a 100-per-cent interest in the Celts project indirectly through Hot Springs, subject to the NSR (net smelter return) royalty (as defined herein).

Paul Sun, president and chief executive officer of the company, commented: "The acquisition of the Celts project is a significant milestone for Eminent due to its similarities to the recently discovered Silicon multimillion-ounce mining complex, located approximately 100 kilometres southeast. We are currently preparing a work program that includes a geophysical survey. Once complete, we will be ready to initiate a maiden drill program.

"This timely acquisition supports our goal of building a large-scale gold exploration portfolio in Nevada, driven by new concepts and maiden drill programs, as gold prices reach record highs. Our current drilling at Hot Springs Range is advancing well, and we eagerly await the assay results from our second hole, which is crossing a key fault and has reached approximately 1,400 feet of an estimated 1,600-foot target."

Pursuant to the purchase agreement, the company: (i) paid the sellers an aggregate of $30,000 (U.S.) in cash; and (ii) issued to the sellers 145,384 common shares in the capital of the company at a deemed price of 45.2 cents per common share for an aggregate value of $45,000 (U.S.). The common shares issued at closing are subject to a statutory hold period under applicable securities laws, expiring on June 12, 2025. Additionally, on or before the date that is six months following the closing of the acquisition, the company will either pay to the sellers an aggregate of $325,000 (U.S.) in cash or issue to the sellers a number of common shares having an aggregate value of $325,000 (U.S.), at a deemed price per common share equal to the volume-weighted average price of the common shares on the TSX Venture Exchange for the five trading days immediately prior to the issuance (the anniversary consideration). Any common shares issued in satisfaction of the anniversary consideration will be subject to a four-month-plus-one-day statutory hold period under applicable securities laws.

Furthermore, in connection with the purchase agreement, the company entered into royalty agreements with each of Orogen and an affiliate of Altius, in respect of the NSR royalty. Pursuant to the royalty agreements, the company granted to the respective counterparties an aggregate 3-per-cent NSR royalty in respect of the Celts project, including any future claims staked by the company within one kilometre of the Celts project (the area of interest), and an aggregate 1.5-per-cent NSR royalty in respect of certain claims within the area of interest owned by a certain third party arm's length to the company, if the company ever acquires such claims. Pursuant to the terms of each royalty agreement, the company may reduce the NSR royalty by one-sixth in exchange for a cash payment of $750,000 (U.S.), thereby entitling the company to reduce the NSR royalty by an aggregate of one-third (that is, from an aggregate of 3 per cent of net smelter returns to an aggregate of 2 per cent of net smelter returns) in exchange for an aggregate cash payment of $1.5-million (U.S.).

The company also paid a cash finder's fee of $10,000 to 3L Capital Inc. in connection with the acquisition.

Dan McCoy, chief geologist and director, commented: "We are very enthusiastic about advancing the Celts project as it represents a rare opportunity to explore a remarkable analogue to the recent AngloGold Ashanti Silicon discovery. As we prepare to commence exploration activities later this year, we are excited about the significant potential this project holds."

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 9.02 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 southwestern Nevada, approximately 13 kilometres 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 the Celts project, 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 grams per tonne gold, highlight the potential target zones beneath the rhyolite dome and basalt, which Orogen considers a potential aquiclude.

Similar to Silicon, the steam cap at the Celts project 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 the Celts project 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 the Celts project, leveraging geophysical and geochemical techniques proven effective at Silicon and similar deposits.

The area around the Celts project claims has also seen staking activity from Barrick, one of the world's largest gold producers.

All scientific and technical information in this news release has been prepared by or approved by Michael Dufresne, PGeo. Mr. Dufresne is an independent 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, Gilbert South and Celts.

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