Mr. Paul Sun reports

EMINENT ACQUIRES 100% OWNERSHIP OF GETCHELL TREND ANALOGUE, HOT SPRINGS RANGE PROJECT

Eminent Gold Corp. has exercised its option to acquire 100-per-cent ownership of the 168 optioned claims that it does not already own on the Hot Springs Range project (HSRP), located in Humboldt county, Nevada. This achievement represents a defining step forward in the company's Nevada-focused gold exploration strategy, with HSRP reflecting strong geological parallels to the prolific 50-million-ounce Getchell trend.

The Hot Springs Range project in its entirety comprised 419 unpatented lode mining claims, covering approximately 3,500 hectares and approximately 15 kilometres across the Eden Valley.

Eminent has fulfilled all of its obligations under the terms of the March, 2020, option agreement with Milliard Geological Consulting.

Key terms of the option agreement:

• Five-year option term: Eminent had up to five years to fulfill the terms of the agreement to acquire 100-per-cent interest in the property.
• Cumulative payments: The agreement required $136,140 (U.S.) in cash payments, the issuance of 1.65 million common shares and a final $1.5-million (U.S.) payment, which may be satisfied by Eminent through the issue of common shares.
• Net smelter royalty (NSR): The optionor retains a 2-per-cent NSR (net smelter return), which Eminent may purchase in 0.1-per-cent increments for $100,000 (U.S.) each, up to a maximum of 1 per cent.

Eminent made an annual share issuance of 500,000 shares, and elected to satisfy the final cash payment through the issue of 5,832,941 common shares. The final cash payment of $1.5-million (U.S.) was deemed converted to Canadian dollars at an exchange rate of $1.4015 for each $1.00 (U.S.). The shares were issued at a deemed price of 36.04 cents per share. The shares issued are subject to a hold period in Canada until Aug. 12, 2025.

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

"The acquisition of full ownership of the Hot Springs Range project represents a pivotal milestone in advancing its early success and unlocking the immense potential we see in this venture. With multiple geological features identified as analogous to deposits within the prolific, parallel Getchell gold trend, the project holds significant promise for discovering a new Carlin-style deposit. The results from the first drill hole have validated our thesis, and with the second drill hole pending, ongoing drilling continues to strengthen our confidence in this opportunity."

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: Hot Springs Range project, Gilbert South and Celts.

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