Mr. Mark Patchett reports

EMPIRE CLOSES $600,000 FINANCING

Empire Metals Corp. has closed its previously announced private placement financing, issuing 10 million units at six cents per unit for proceeds of $600,000. Each unit comprises one common share and one five-year transferable warrant, with each warrant entitling the holder to purchase one additional share at a price of eight cents per share. The company issued $170,000 of units on a flow-through basis. The flow-through shares comprising the 2,833,333 flow-through units and 2,833,333 flow-through shares issuable upon the exercise of the warrants comprising the flow-through units will entitle holders to receive tax benefits applicable to flow-through shares in accordance with provisions of the Income Tax Act (Canada).

Proceeds of the financing will be used for general corporate purposes, exploration and development at the company's various Canadian exploration projects, property payments, working capital, debt reduction, and maintaining and advancing Empire's existing properties and projects. The financing terms have been accepted for filing by the TSX Venture Exchange. The units are restricted from trading until Nov. 12, 2025.

Empire also announces the grant of a total of 7.2 million stock options to acquire common shares of the company, exercisable at 8.5 cents per share, for a five-year term. The options are granted pursuant to the company's stock option plan and are subject to applicable regulatory hold periods.

Empire is a Canadian resource exploration and development company. Empire recently optioned up to a 70-per-cent interest in a Yukon gold project. Empire owns a 100-per-cent interest in the Buck Lake platinum, palladium, nickel and gold project, located in Ontario, Canada, near the Lac Des Iles platinum palladium mine. Empire also holds a controlling interest in the Fox Creek lithium project in Alberta and the Gwyn Lake gold project, located in the heart of the historic Beardmore-Geraldton greenstone gold belt in Ontario.

We seek Safe Harbor.