Mr. Jack Stoch reports

EMPEROR RENEWS OPTION ON GLOBEX'S 50% OWNED

Emperor Metals Inc. has paid Duparquet Assets Ltd., a private company owned 50 per cent by Globex Mining Enterprises Inc., the second-year option payment to maintain Emperor's option on the Duquesne West-Ottoman property in Duparquet township, Quebec, NTS-32D06. The option renewal for 2024 consists of a $500,000 cash payment and $300,000 in Emperor shares based upon a 20-day volume-weighted average price amounting to 2,583,119 shares. During 2023, Emperor undertook a 14-hole drill campaign and relogged and took 3,000 samples of historical core as part of a program focused on outlining a near-surface, lower-grade, open-pittable gold deposit rather than an underground higher-grade mine. For previous press releases, Emperor has announced both high-grade and low-grade intersections building upon its open-pit model. Additional drill hole results are being waited upon and the 3,000 metres of historical core samples are being prepared to submit for assay.

The Duquesne West-Ottoman property straddles the Porcupine-Destor gold localizing fault several kilometres east of the town of Duparquet, Que. A number of previous drill campaigns have outlined an inferred resource of 4.17 million tonnes grading 5.42 grams per tonne Au (cut) or 6.36 g/t Au (uncut) as reported in the National Instrument 43-101 report "Technical Report and Mineral Resource Estimate Update for the Duquesne-Ottoman Property, Quebec, Canada by Watts, Griffis and McOuat, David Power-Fardy, MSc, Senior Geologist and Kurt Breede, PEng, Senior Resource Engineer," dated Oct. 20, 2011. The report is available on Globex's website. Of particular note is that a gold price of $960 (U.S.) per ounce and an exchange rate of 95 U.S. cents per $1.00 was used as was a minimum mining width of 2.5 metres in the resource calculation.

This press release was written by Jack Stoch, Geo, president and chief executive officer of Globex, in his capacity as a qualified person under NI 43-101.

We seek Safe Harbor.