Mr. David Watkinson reports

EMERGENT METALS CORP. REPORTS POSITIVE DRILL RESULTS FROM WEST SANTA FE, NV

Lahontan Gold Corp. has released the first assay results from its 2025 maiden drilling program at Emergent Metals Corp.'s West Santa Fe property. As announced by news releases on May 15, 2023, and July 20, 2023, Lahontan has the option to acquire a 100-per-cent interest in the property by completing $1.8-million (U.S.) in cash or share payments and $1.4-million (U.S.) in work expenditures on the property (total of $3.2-million (U.S.)) over seven years. The results below are from the first three of six reverse circulation (RC) holes completed by Lahontan in late 2025, totalling 593 metres.

West Santa Fe hosts a gold and silver exploration target located about 13 kilometres from Lahontan's flagship Santa Fe mine project. It represents a potential satellite deposit to the Santa Fe mine, subject to exploration success. The exploration database includes 171 drill holes totalling about 13,000 metres, with historic drilling completed in the 1980s and 1990s. This is the first modern drilling completed on the property since that time. Results reported by Lahontan in its Feb. 5, 2026, and Feb. 18, 2026, news releases (see Lahontan news release dated Feb. 5, 2026, and Lahontan news release dated Feb. 18, 2026) are shown in tables 1 and 2.

Excerpts and summaries from Lahontan Gold's Feb. 5, 2026, and Feb. 18, 2026, news releases

Lahontan has reported that West Santa Fe has been explored historically by drilling completed primarily in the 1980s, with additional drilling in the 1990s, and that its internal modelling of historic drilling suggests potential for shallow oxidized gold and silver mineralization. Lahontan has also reported that historic metallurgical testwork was completed on the project, including cyanide column leach tests, and cited a 1982 summary report by Kappes Cassiday and Associates that suggested recoveries of 70 per cent gold and 50 per cent silver using a cyanide heap leach process. These historic metallurgical results are historical in nature, were compiled from third party archives, and have not been verified by a qualified person for Emergent. They are not current, should not be relied upon as a verified or representative estimate of recovery, and Lahontan has indicated that additional metallurgical testwork would be required to verify the historical data.

Lahontan further reported that gold and silver mineralization at West Santa Fe is hosted by limestone of the Triassic Pamlico formation, with mineralized intervals characterized by iron oxides, minor quartz veining and decalcification, and that bedding and fault structures are important controls on higher-grade mineralization.

Lahontan indicated that the gold and silver mineralization has a surface expression of 500 metres by 350 metres. Based on drilling to date, mineralization varies from 35 metres to almost 60 metres, although folding may increase this thickness. Lahontan has multiple drill sites permitted to the west, north and east of this central, outcropping mineralized zone. More drill results are expected shortly and planning is under way for follow-up drilling.

Emergent has not verified the technical information reported by Lahontan.

Emergent retains Winning Media LLC

Emergent announces that it has entered into an investor relations and digital marketing services agreement dated Feb. 23, 2026, with Winning Media LLC, a Texas limited liability company with an address at 1415 S Voss, Suite 110 to 431, Houston, Tex., 77057. Winning Media has been retained to provide investor relations and digital marketing services to increase market awareness of the company, including omnichannel programmatic advertising, content distribution, ticker tagging, e-mail and SMS (short messaging service) marketing (in compliance with applicable laws), podcast promotion, retargeting campaigns, and related digital marketing initiatives, all subject to the company's oversight and prior approval.

The agreement will commence upon acceptance by the TSX Venture Exchange and will continue for a period of three months from the date of such acceptance, unless terminated earlier in accordance with its terms. In consideration for the services to be provided, the company has agreed to pay Winning Media a total cash fee of $100,000 (U.S.) for the three-month term, with no compensation payable until the agreement has been accepted by the exchange. Winning Media will not receive any securities of the company as compensation.

Winning Media and its principal, Ty Hoffer, are at arm's length to the company and, to the knowledge of the company, neither Winning Media nor its principal owns any securities of the company or has any right to acquire securities of the company. The agreement and the engagement of Winning Media are subject to acceptance by the exchange in accordance with TSX Venture Exchange Policy 3.4, Investor Relations, Promotional and Market-Making Activities, and applicable securities laws.

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 sales, joint ventures, options, royalties and other transactions to create value for its shareholders -- an acquisition and divestiture business model.

In Nevada, Emergent's Golden Arrow property is an advanced-stage gold and silver property with a well-defined measured and indicated resource and a plan of operations and environmental assessment in place to conduct a major drilling program. As announced by news release on Sept. 29, 2025, Emergent is in the process of selling Golden Arrow to Fairchild Gold Corp. New York Canyon is an advanced-stage copper skarn and porphyry exploration property. The West Santa Fe property is a gold, silver and base metal property, subject to a lease with an option to purchase agreement with Lahontan Gold Corp. 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 gold exploration property located south of and adjacent to Hecla Mining Company's operating Casa Berardi mine and north of and adjacent to Iamgold Corp.'s Gemini Turgeon property. The Trecesson property is a gold exploration property located about 50 kilometres north of the Val d'Or mining camp.

Emergent has a 1-per-cent net smelter return (NSR) royalty in the Troilus North property, part of the Troilus gold project, being advanced by Troilus Mining Corp. toward production. The company has a 1-per-cent NSR royalty in the East-West property, part of Agnico Eagle Mines Ltd.'s Canadian Malartic complex. Emergent also has a 1-per-cent NSR royalty on the York property, part of Lahontan Gold's Santa Fe project in Nevada, also being advanced toward production.

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

Qualified person

Emergent has not verified the data disclosed in this news release that was reported by Lahontan. The technical information disclosed by Lahontan was reviewed and approved by a qualified person as disclosed in Lahontan's Feb. 5, 2026, and Feb. 18, 2026, news releases. All other scientific and technical information contained in this news release was reviewed and approved by David Watkinson, PEng, a non-independent qualified person for Emergent under National Instrument 43-101.

We seek Safe Harbor.