Mr. David Watkinson reports

EMERGENT ANNOUNCES PRIVATE PLACEMENT

Emergent Metals Corp. will conduct a non-brokered private placement of up to 12.5 million units at a price of 12 cents per unit to raise gross proceeds of up to $1.5-million. Each unit will consist of one common share in the capital of the company and one whole non-transferable common share purchase warrant. Each whole warrant will be exercisable to acquire one share at an exercise price of 15 cents per share for a period of 24 months from the date of issuance. The offering is subject to a minimum subscription amount of $2,400.

Certain insiders of the company may acquire units in the offering. Any participation by insiders in the private placement would constitute a related party transaction as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. However, the company expects such participation would be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the units subscribed for by the insiders nor the consideration for the units paid by such insiders would exceed 25 per cent of the company's market capitalization.

Emergent intends to use the net proceeds of the offering for exploration of Emergent's properties (including property and claims maintenance payments), for property acquisition and for general working capital purposes. The company may pay finders' fees on a portion of the offering, subject to compliance with the policies of the TSX Venture Exchange and applicable securities legislation. Closing of the offering is subject to approval of the TSX-V. The securities issued under the offering, and any shares that may be issuable on exercise of any such securities will be subject to a statutory hold period expiring four months and one day from the date of issuance of such securities.

About Emergent Metals Corp.

Emergent is a gold and base metal exploration company focused on Nevada and Quebec. The company's strategy is to look for quality acquisitions, add value to these assets through exploration, and monetize them through sale, joint ventures, option, royalty and other transactions to create value for its shareholders (acquisition and divestiture (A&D) business model). Successful divestitures include the sale of the Troilus North property to Troilus Gold Corp., sale of the East-West property to O3 Mining Corp. and option of the Mindora property to Lahontan Gold Corp.

In Nevada, Emergent's Golden Arrow property is an advanced-stage gold and silver property with a well-defined measured and indicated resource, 2018 technical report, and plan of operations and environmental assessment in place to allow a major drilling program, subject to financing. New York Canyon is a copper skarn, copper porphyry and gold exploration property south of and abutting the historic past-producing Santa Fe gold mine, being advanced by Lahontan. The Mindora property is a gold, silver and base metal property located 12 miles from New York Canyon and under option to Lahontan.

Lahontan must complete $1.8-million (U.S.) in cash/share payments and $1.4-million (U.S.) in exploration expenditures over a seven-year period to earn a 100-per-cent interest in the property. Buckskin Rawhide East is a gold and silver property leased to Rawhide Mining LLC, operator of the Rawhide mine. Any production from the property will result in cash payments of $15 (U.S.) to $20 (U.S.) per ounce to Emergent, depending on the price of gold.

In Quebec, the Casa South property is a large exploration property adjacent to and south of Hecla Mining Corp.'s operating Casa Berardi mine with multiple exploration targets identified. The Trecesson property, located about 50 kilometres north of the Val d'Or mining camp, has two major exploration targets with multiple high-grade (greater than 10 grams per tonne) gold intercepts from historic and recent drilling. Emergent has a 1-per-cent net smelter return royalty in the Troilus North property, part of the feasibility-stage Troilus mine property being explored by Troilus Gold. Emergent also has a 1-per-cent NSR royalty in the East-West property, owned by O3 Mining and part of its feasibility-stage Marban Alliance property.

Note that the location of Emergent's properties adjacent to producing or past-producing mines does not guarantee exploration success at Emergent's properties or that mineral resources or reserves will be delineated.

We seek Safe Harbor.