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EMR.V ·

Frankfurt and Berlin Exchanges: EML EMERGENT PROVIDES CORPORATE UPDATE

Corporate Updates

EMERGENT METALS CORP.

Suite 1010 – 789 West Pender Street

Vancouver, B.C. V6C 1H2

www.emergentmetals.com

January 2, 2024 TSX Venture Exchange : EMR

OTC : EGMCF

Frankfurt and Berlin Exchanges: EML

EMERGENT PROVIDES CORPORATE UPDATE

Vancouver, British Columbia – January 2, 2024 -- Emergent Metals Corp. ("Emergent" or the

“Company”) (TSX Venture Exchange: EMR) announces that it has appointed Grant T. Smith. CPA, CA,

C. Dir., as Chief Financial Officer and Director of the Company effective January 1, 2024. Mr. Smith is a

Chartered Professional Accountant with over two decades of experience in the accounting field. He holds

a BFA (1984) from York University and received his C PA designation in 200 6. He has completed the

Chartered Director Program from McMaster University (2020). Mr. Smith was previously the Chief

Financial Officer of the Company from October 2012 to July 2018. He was a Managing Partner of Clearline

Chartered Accountants from 2006 to 2019 and since that time has worked as the Executive Director of

Clarity NPO, a consulting firm that provides financial services to non-for-profit organizations. Mr. Smith

has served as CFO for several junior mining companies.

Mr. Smith replaces Robert Rosner as CFO, who has resigned due to other commitments. The Company

would like to thank Mr. Rosner for his services over the last five years.

About Emergent

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 sale, joint ventures, option, royalty, and other transactions to create value for our shareholders (an

acquisition and divestiture business model).

In Nevada, Emergent’s Golden Arrow Property is an advanced stage property with a well-defined measured

and indicated gold and silver resource. The New York Canyon Property is a copper skarn, copper porphyry,

and gold exploration property south of and abutting the past producing Santa Fe Gold Mine. The Mindora

Property (aka West Santa Fe Property) is a gold, silver, and base metal property located twelve miles from

the Santa Fe Gold Mine and optioned to Lahontan Gold Corporation (TSXV:LG). Buckskin Rawhide East

is a gold and silver property leased to Rawhide Mining LLC, operators of the Rawhide Mine.

In Quebec, the Casa South Property is a large gold exploration property adjacent to and south of Hecla

Mining Corporation’s (NYSE:HL) operating Casa Berardi Mine with multiple exploration targets

identified. The Trecesson Property, located about 50 km north of the Val d’Or mining camp, has three gold

exploration targets with multiple high-grade (>10 g/t) gold intercepts from historic and recent drilling. Also

in Quebec, Emergent has a 1% NSR in the Troilus North Property, part of the feasibility stage Troilus Mine

Property being explored by Troilus Gold. Emergent also has a 1% NSR in the East-West Property, owned

by O3 Mining and part of their feasibility stage Marban Alliance Property.

Note that the location of Emergent’s properties adjacent to producing or past producing mines does not

guarantee exploration success at Emergent’s properties or that mineral resources or reserves will be

delineated. For more information on the Company, investors should review the Company’s website at

www.emergentmetals.com or view the Company’s filings available at www.sedarplus.ca.

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On behalf of the Board of Directors

David G. Watkinson, P.Eng.

President & CEO

For further information please contact:

David G. Watkinson, P.Eng.

Tel: 530-271-0679 Ext 101

Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release.

Cautionary Note on Forward-Looking Statements

Certain information contained in this news release constitutes “forward -looking information” or “forward-looking statements”

(collectively, “forward -looking information”). Without limiting the foregoing, such forward-looking information includes

statements regarding the process and completion of the Offering, the use of proceeds of the Offering and any statements regarding

the Company’s business plans, expectations and objectives. In this news release, words such as “may”, “would”, “could”, “will ”,

“likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used

to identify forward-looking information. Forward looking information should not be read as guarantees of future performance or

results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be

achieved. Forward-looking information is based on information available at the time and/or the Company management’s good faith

belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable

factors, many of which are beyond the Company’s control. For additional information with respect to these and other factors a nd

assumptions underlying the forward-looking information made in this news release, see the Company’s most recent Management’s

Discussion and Analysis and financial statements and other documents filed by the Company with the Canadian securities

commissions and the discussion of risk factors set out therein. Such documents are available at www.sedar.com under the

Company’s profile and on the Company’s website at www.emergentmetals.com. The forward-looking information set forth herein

reflects the Company’s expectations as at the date of this news release and is subject to change after such date. The Company

disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information,

future events or otherwise, other than as required by law.