Announcement • Jun 17

Emperor Metals Inc. Reports on Recent Assay Release of High-Grade Gold in DQ26-20 as Well as Progress of Its 2026 Exploration Campaign At Its Duquesne West Project

Emperor Metals Inc. reported on the recent assay release of high-grade gold in DQ26-20 as well as progress of its 2026 exploration campaign at its Duquesne West Project, integrating over 15,000 meters of new drilling with 8,000 meters of targeted resampling of historical core; together contributing an additional 23,000 meters of data to refine and expand the current geological model. Representative image of the mineralized zone showing visible gold intersected in DQ26-20 at a down-hole depth of 405.7 meters (Approximately 380 m vertical depth), which returned 15.0 meters grading 61.5 g/t Au (402.7 to 417.7 m) in Conceptual Open Pit Environment. High-grade gold intercepts continue to demonstrate the project's strong potential for rapid resource growth, supporting Emperor's vision of advancing the conceptual Main Pit toward a multi-million-ounce gold deposit. Recent drilling has returned assay results, including 15.0 meters grading 61.5 g/t Au, while Emperor continues to intersect visible gold in multiple drill holes, consistent with observations reported in previous news releases and reinforcing confidence in the continuity and strength of the mineralizing system. Ongoing drilling continues to expand the deposit footprint eastward within the conceptual Phase 1 open pit area, located east of the conceptual Main Pit. Drill hole DQ26-36 intersected 1.5 meters grading 7.9 g/t Au and 28.0 meters grading 0.5 g/t Au, highlighting the potential for both higher-grade mineralization and broader low-grade bulk-tonnage material. These results have the potential to improve the overall stripping ratio and enhance project economics under a future open-pit mining scenario. Previously reported intercepts this year of 35.0 meters grading 3.1 g/t Au and 107.7 meters grading 0.5 g/t Au further demonstrate the potential for significant bulk-tonnage mineralization. Such mineralization could contribute to lower stripping ratios, improved mining flexibility, and enhanced overall project economics. Collectively, these results not only reinforce the potential for robust grades within a growing mineralized system but also highlight the scale and continuity of mineralization emerging at Duquesne West. These results represent only the beginning of the current exploration campaign, with considerable opportunity remaining to further expand and strengthen the deposit. Long-section of mineralized domain with pierce point of drill hole DQ26-20 highlights an intercept grading 15.0 meters grading 61.5 g/t Au within a broader halo of lower grade mineralization giving a zone thickness of 35.8 meters grading 26.0 g/t Au. The image also outlines the key structural plunge trends that continue to guide exploration targeting and drilling success across the deposit. Table 1 displays the full intercept of DQ26-20; Notice how intercept is surrounded by lower-grade material. The sub-gram material extends for a total thickness of 35.8 meters grading 26.0 g/t Au. Assay results received to date represent 18 of the 49 holes drilled so far, accounting for roughly 50% of the current drilling program and only about 33% of the total assays expected from the broader 2025–2026 exploration season, including ongoing drilling and historical core resampling. Results have been reported for approximately 7,829 meters to date, while Emperor has successfully completed around 15,700 meters of drilling and remains well below budget for the work completed. As Emperor continues to expand the deposit footprint along strike and at depth, the opportunity within the existing mineralized envelope is also enhanced by demonstrating increased thickness and grade. By systematically targeting the key poorly drilled structural controls of the deposit, Emperor continues to build ounces and unlock additional growth potential across the project. The spatial relationship between these high-grade zones and the surrounding bulk-tonnage domains highlights the potential for a robust and scalable mining operation, where near-surface mineralization may support a conceptual open-pit development, while deeper high-grade shoots present compelling opportunities for future underground extraction. DQ26-20 continues to demonstrate that Emperor intersects multiple high-grade gold lenses in this deposit. This is occurring in a broader lower-grade deposit. The hole is located approximately 35 meters down plunge of Santa-Fe Canadian Mining Inc. 1995 drill hole DQ95-21, which intersected 16.0 meters grading 20.9 g/t Au, returned a threefold increase in grade with similar thickness, highlighted by 15.0 meters grading 61.5 g/t Au. These results support the continuity and expansion potential of the high-grade system within the open pit environment and at depth while reinforcing the broader bulk-tonnage opportunity. Importantly, the identification of free gold within the system further enhances the project’s upside potential, representing a characteristic that had not previously been recognized or systematically targeted. Table 2 highlights the key intercepts from each drill hole reported in this press release. The areas surrounding these intercepts remain largely underexplored and warrant substantial follow-up drilling to further evaluate their expansion potential. Table 2: Table of Key Intercepts. Hole No. From (m) To (m) Interval (m) Au (g/t Au) DQ26-201 158.4 159.6 1.2 0.6 Main Pit 183.4 187.4 4.0 0.5 290.5 291.5 1.0 2.2 310.7 314.7 4.0 1.2 341.6 343.6 2.0 0.8 365.5 369.5 4.0 0.6 372.5 374.5 2.0 0.5 390.0 425.7 35.8 25.9 including 402.7 417.7 15.0 61.5 450.9 456.0 5.1 2.1. Hole No. From (m) To (m) Interval (m) Au (g/t Au) DQ26-361 121.0 122.5 1.5 7.9 PH1. E Main Pit 152.7 180.7 28.0 0.5 including 157.7 162.7 5.0 1.0. Estimated 70% to 90% True Thickness. Key Intercepts for Follow-Up. Table 3: Table of Assays Reported for Drill Holes Included in This Release. Hole No. % Reported Total Depth DQ26-20 100% 531 DQ26-36 100% 183. The Quality Assurance and Quality Control (QAQC) was conducted by Technominex, a geological contractor hired by Emperor, which adheres to CIM Best Practices Guidelines for exploration related activities conducted at its facility in Rouyn Noranda, Quebec. The QA/QC procedures are overseen by a Qualified Person on site. Emperor QA/QC protocols are maintained through the insertion of certified reference material (standards), blanks and lab duplicates within the sample stream totaling approximately one QA/QC sample per 7 samples. Drill core is cut in-half with a diamond saw, with one-half placed in sealed bags with appropriate tags and shipped to either the SGS Val D’Or, Quebec or MSALabs in Val D’Or, Quebec and the other half retained on site in the original core box. For SGS labs, a dispatch list consists of 88 or 176 samples along with their corresponding QA/QC samples for a single batch. This allows complete batches (88 samples) for fire assay.

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