Emperor Announces Private Placements

10545 - 45 Avenue NW

250 Southridge, Suite 300

Edmonton, AB CANADA T6H 4M9

EMPEROR ANNOUNCES PRIVATE PLACEMENTS

Vancouver, British Columbia, December 14, 2023 – Emperor Metals Inc. (“Emperor”) (CSE: AUOZ, OTCPK:

EMAUF, FSE: 9NH ) proposes to complete two separate non-brokered private placement financing s

consisting of: (i) 6,600,000 flow-through common shares (“QFT Shares”) within the meaning of subsec.

66(15) of the federal Income Tax Act (Canada) and sec. 359.1 of the Taxation Act (Quebec) at a price of

$0.125 per QFT Share for gross proceeds of $ 825,000; and (ii) 3,436,362 flow-through common shares

(“FT Shares”) within the meaning of subsec. 66(15) of the federal Income Tax Act (Canada) only at a price

of $0.11 per FT Share for gross proceeds of an additional $ 378,000 (collectively, the “Offerings”). The

gross proceeds from the Offerings will be utilized to fund Canadian exploration expenses on the Duquesne

West Gold Project, Quebec.

The Company may pay finder's fees to arm’s length finders (each a “ Finder”) in connection with th ese

Offerings, which is expected to be up to 6.0% of the gross proceeds raised by such Finder , in cash, and

non-transferable share purchase warrants to acquire common shares of the Company of up to 6.0% of

the number of QFT Shares or FT Shares as the case may be sold to a purchaser or purchasers introduced

by the Finder(s), and exercisable by the Finder(s) at $0.20 per share for a period of up to two years from

a Closing Date. The terms of the Offerings are subject to notice to the Canadian Securities Exchange

(“CSE”) and any finder’s fees payable will be issued in accordance with the policies of the CSE and

applicable securities laws.

About Emperor Metals Inc.

Emperor Metals Inc. is an innovative Canadian mineral exploration company focused on developing high-

quality gold properties situated in the Canadian Shield. For more information, please refer to SEDAR +

(www.sedarplus.ca), under the Company’s profile.

ON BEHALF OF THE BOARD OF DIRECTORS

s/ “Alexander Horsley”

Alexander Horsley, Director

For further information, please contact:

Alexander Horsley

Phone: 778-323-3058

Email: [email protected]

Website: www.emperormetals.com

THIS NEWS RELEASE MAY CONTAIN CERTAIN “FORWARD LOOKING STATEMENTS”. FORWARD-LOOKING

STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES, ASSUMPTIONS AND OTHER FACTORS THAT

MAY CAUSE THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY

DIFFERENT FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY THE

FORWARD-LOOKING STATEMENTS. ANY FORWARD-LOOKING STATEMENT SPEAKS ONLY AS OF THE DATE OF THIS

NEWS RELEASE AND, EXCEPT AS MAY BE REQUIRED BY APPLICABLE SECURITIES LAWS, THE COMPANY DISCLAIMS ANY

INTENT OR OBLIGATION TO UPDATE ANY FORWARD-LOOKING STATEMENT, WHETHER AS A RESULT OF NEW

INFORMATION, FUTURE EVENTS OR RESULTS OR OTHERWISE.