Mr. David Watkinson reports

EMERGENT CLOSES PRIVATE PLACEMENT

Emergent Metals Corp. has completed a non-brokered private placement described in its news releases dated July 28, 2023, and Sept. 8, 2023. In connection with the closing of the offering, the company issued an aggregate of 1.68 million units at a price of 10 cents per unit for gross proceeds of $168,000. Each unit consists of one common share in the capital of the company and one whole non-transferable common share purchase warrant. Each whole warrant is exercisable to acquire one share at an exercise price of 12 cents per share until Oct. 23, 2025, which is 24 months from the date of issuance.

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 offering remains subject to final approval of the TSX Venture Exchange.

The company will pay aggregate finders' fees of $3,360 and 33,600 share purchase warrants in connection with subscriptions from subscribers introduced to the offering by qualified finders. Each finder's warrant is exercisable to acquire one share in the capital of the company at an exercise price of 12 cents per share until Oct. 23, 2025, which is 24 months from the date of issuance.

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 business model). Successful divestitures include the sale of the Troilus North property to Troilus Gold Corp., the sale of the East-West property to O3 Mining Corp. and the option of the Mindora (also known as the West Santa Fe 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, a 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 past-producing Santa Fe gold mine, being advanced by Lahontan Gold. The Mindora property is a gold, silver and base metal property located 12 miles from the Santa Fe gold mine and under option to Lahontan Gold. Buckskin Rawhide East is a gold and silver property leased to Rawhide Mining LLC, operator of the Rawhide mine.

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.

Also in Quebec, Emergent has a 1-per-cent net smelter 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 in the East-West property, owned by O3 Mining and part of its feasibility-stage Marban Alliance property.

We seek Safe Harbor.