Emperor Metals Proposes to Acquire Surface Rights to Lac Pelletier Property, Quebec

Emperor Metals Proposes to Acquire Surface

Rights to Lac Pelletier Property, Quebec

Edmonton, Alberta--(Newsfile Corp. - January 9, 2025) -

Emperor Metals Inc.

(CSE: AUOZ) (the

"

Company

" or "

Emperor Metals

") –

is pleased to announce that, further to its announcement on

January 7, 2025 regarding the acquisition of the undersurface rights and interests to the Lac Pelletier

Property (the "

Lac Pelletier Property

" or the "

Property

") from Maritime Resources Corp., it has now

entered into a binding agreement of purchase and sale dated January 9, 2024 (the "

Purchase and

Sale Agreement

") with a wholly owned subsidiary of Eldorado Gold Corporation ("

Eldorado Gold

") to

acquire Eldorado's

surface rights to the Lac Pelletier Property.

The primary consideration for the

acquisition is the assumption of all the liabilities of Eldorado Gold in connection with the rehabilitation

and restoration plan related to the Property, including a cash bond and a surety bond in the aggregate

amount of $305,349, and the release of Eldorado Gold's financial guarantee from the Quebec Minister of

Natural Resources and Forests.

The closing of the Purchase and Sale Agreement is subject to certain

conditions customary for transactions of this nature, including no objection from the Canadian Securities

Exchange. It is expected that the transaction will close before April 15, 2025.

The surface rights to the Lac Pelletier Property are comprised of 5 lots which are located approximately

4 km southwest of the city of Rouyn-Noranda, Quebec.

These rights include a mining lease with a 1,000

tonnes/day mine permit.

The Property is subject to a one percent (1.0%) net smelter returns royalty reserved to Metalla Royalty &

Streaming Ltd. pursuant to an underlying royalty agreement.

For further details regarding the Lac Pelletier Property, please refer to the Company's press release of

January 7, 2025, which is available on SEDAR+ as well as the Company's website at

www.emperormetals.com

.

About Emperor Metals Inc.

Emperor Metals Inc. is a mineral exploration company focused mineral exploration in Canada, and on

proving the potential of the Pine Grove and other early-stage gold projects located near the Hemlo Gold

Mine within the western portion of the prolific Wawa-Abitibi Gold Belt of Ontario, Canada.

ON BEHALF OF THE BOARD OF DIRECTORS

s/ "John Florek"

John Florek

,

Chief Executive Officer

C

AUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

CERTAIN STATEMENTS MADE AND INFORMATION CONTAINED HEREIN MAY CONSTITUTE "FORWARD-LOOKING INFORMATION" AND "FORWARD-

LOOKING STATEMENTS" WITHIN THE MEANING OF APPLICABLE CANADIAN AND UNITED STATES SECURITIES LEGISLATION. THESE STATEMENTS

AND INFORMATION ARE BASED ON FACTS CURRENTLY AVAILABLE TO THE COMPANY AND THERE IS NO ASSURANCE THAT ACTUAL RESULTS

WILL MEET MANAGEMENT'S EXPECTATIONS. FORWARD-LOOKING STATEMENTS AND INFORMATION MAY BE IDENTIFIED BY SUCH TERMS AS

"ANTICIPATES", "BELIEVES", "TARGETS", "ESTIMATES", "PLANS", "EXPECTS", "MAY", "WILL", "COULD" OR "WOULD".

FORWARD-LOOKING STATEMENTS AND INFORMATION CONTAINED HEREIN ARE BASED ON CERTAIN FACTORS AND ASSUMPTIONS REGARDING,

AMONG OTHER THINGS, THE ESTIMATION OF MINERAL RESOURCES AND RESERVES, THE REALIZATION OF RESOURCE AND RESERVE

ESTIMATES, METAL PRICES, TAXATION, THE ESTIMATION, TIMING AND AMOUNT OF FUTURE EXPLORATION AND DEVELOPMENT, CAPITAL AND

OPERATING COSTS, THE AVAILABILITY OF FINANCING, THE RECEIPT OF REGULATORY APPROVALS, ENVIRONMENTAL RISKS, TITLE DISPUTES

AND OTHER MATTERS. WHILE THE COMPANY CONSIDERS ITS ASSUMPTIONS TO BE REASONABLE AS OF THE DATE HEREOF, FORWARD-

LOOKING STATEMENTS AND INFORMATION ARE NOT GUARANTEES OF FUTURE PERFORMANCE AND READERS SHOULD NOT PLACE UNDUE

IMPORTANCE ON SUCH STATEMENTS AS ACTUAL EVENTS AND RESULTS MAY DIFFER MATERIALLY FROM THOSE DESCRIBED HEREIN. THE

COMPANY DOES NOT UNDERTAKE TO UPDATE ANY FORWARD-LOOKING STATEMENTS OR INFORMATION EXCEPT AS MAY BE REQUIRED BY

APPLICABLE SECURITIES LAWS.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/236667