Emperor Metals, Inc. · CSE:AUOZ
Emperor Metals — Investor Presentation (April 2026)
29 slides from Emperor Metals's investor presentation, April 2026
Slide 1: Advancing High-Grade Gold Projects in Quebec's Abitibi Greenstone Belt
April 2026 ADVANCING HIGH-GRADE GOLD PROJECTS IN QUEBEC'S PROLIFIC ABITIBI GREENSTONE BELT CSE: AUOZ OTCQB: EMAUF FRA: 9NH
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS DISCLAIMER Emperor Metals Inc . is a Canadian mineral exploration company listed on the Canadian Securities Exchange, or CSE, which is operated by CNSX Markets Inc . Neither the CSE nor its Market Regulator (as that term is defined in the Trading Rules and policies of the CSE)
Slide 3: Management and Directors
MANAGEMENT AND DIRECTORS JOHN FLOREK - M.SC., P.GEOL. ALEX HORSLEY Management & Advisory of >20 Public President, CEO & Director Vice President, Director & Founder Mining Companies with >200 years of +35 years of technical and senior management +20 years of experience in the mining sector and experi
Slide 4: About Emperor Metals
ABOUT EMPEROR METALS FLAGSHIP ASSET: DUQUESNE WEST GOLD PROJECT 2025 INFERRED MAIDEN MINERAL RESOURCE ESTIMATE (1) : • 1.46 Moz maiden resource recently defined • 15,000 m drill program currently underway • 8,000 m historical core re -sampling program in progress • F ully funded ~8,000 m of drill pr
Slide 5: Capital Structure
CAPITAL STRUCTURE As of April 1st, 2026 Shares Outstanding 194,850,005 Working Capital Est. $10.0 M CAD Warrants 29,839,789 Options 17,600,000 Fully Diluted 242,289,794 Rob McEwen "I am pleased with the progress Emperor Metals has made on the Duquesne West Gold project and the recent acquisition of
Slide 6: Technical report footnotes
(2) (1) Derived from the technical report entitled "NI 43-101 Technical Report and Maiden Mineral Resource Estimate, Duquesne West Property, Quebec, Canada" dated effective July 2, 2025 by Warren E. Black, M.Sc., P.Geo. Fallon Clarke, B.Sc., P.Geo. and Kristopher Raffle, B.Sc., P.Geo., a copy of whi
Slide 7: Flagship Duquesne West Gold Project
FLAGSHIP DUQUESNE WEST GOLD PROJECT RICH HISTORY OF PROLIFIC MINING • The Abitibi Region is one of the world’s most prolific gold producing districts with ~200 million ounces of gold produced to dat e 1 • Total historical gold production from the many high -grade gold deposits along the east -west t
Slide 8: Duquesne West Gold Project – Maiden Mineral Resource Estimate
DUQUESNE WEST GOLD PROJECT (1) Maiden Mineral Resource Estimate – July 2025 An Inferred Mineral Resource of 26.9 million tonnes (Mt), containing 1.46 million ounces (Moz) of gold (Au) at an average grade of 1.69 grams per metric ton (g/t) Au. • Resource Growth : Represents a 100% increase over the H
Slide 9: Our Edge – AI – Machine Learning
Our Edge – AI – Machine Learning Award winning AI exploration modelling and project evaluation 9
Slide 10: AI Geological Model
AI GEOLOGICAL MODEL • First Ever Geological Model on Property (AI Developed) • Illuminates' competency contrast for previously unrecognized additional mineralized zones/ targets • Enlightens the controls to mineralization, with better targeting • Helps in the understanding to resource expansion • Im
Slide 11: Potential Stope Grade and Thickness
POTENTIAL STOPE GRADE AND THICKNESS GRADE (Au, g/t) STOPE THICKNESS (m) CRITERIA USED 22.043 5.40 • Minable Shape Optimizer (MSO) used 16.255 11.11 Gold Cutoff of 3 g/t Au and Gold Cap 15.860 11.38 of 30 g/t Au 15.669 11.37 15.399 14.68 • Minimum dimensions 2.5 m (width) x 14.249 14.75 8 m (length)
Slide 12: 2023 Phase I Assays and Core
2023 PHASE I ASSAYS AND CORE DQ23 -01, DQ23 -02 & DQ23 -05 DQ23 -01 (11.7 m of 5.63 g/t Au) core depth of 531.3 m DQ23 -05 (10.8 m of 15.8 g/t Au (includes 3.4 m of 27.24 g/t Au) DQ23 -02 (10.65 m of 3.97g/t Au (includes 5.0 m of 5.34 g/t DQ23 -02 (25.0 m of 1.69 g/t Au ) Au)) - core depth of 540.25
Slide 13: Eureka Moment - Open Pit Concept
EUREKA MOMENT - OPEN PIT CONCEPT HISTORICAL DRILL HOLES ( DDH ) IN OPEN PIT It is estimated around 50% of historical drill core from surface to 500 meters is unsampled/assayed because previous operator s overlooked the open pit potential. 2,500 m of historical core was assayed in 2023 successfully a
Slide 14: Duquesne West Gold Project – Maiden Mineral Resource Estimate
DUQUESNE WEST GOLD PROJECT (1) Maiden Mineral Resource Estimate – July 2025 Au Cutoff (g/t) Tonnes (Mt) Au (Moz) Au (g/t) 0.2 20.19 0.661 1.02 Base Case $2,300 oz Gold 0.25 18.17 0.646 1.11 Table 1: Summary of the Inferred Mineral Resources 0.3 16.24 0.629 1.21 0.4 13.01 0.593 1.42 0.5 10.62 0.559 1
Slide 15: 2023 Drilling Highlights
2023 DRILLING HIGHLIGHTS 8,579 m drilling assayed Hole No. From (m) To (m) Interval (m) Au (g/t Au) Resource Expansion Target DQ23-01 661.8 663.85 4.15 2.77 High-Grade Zone DQ23-01 531.3 543 11.7 5.63 High-Grade Zone DQ23-02 540.25 550.9 10.65 3.97 High-Grade Zone DQ23-02 677.1 679.6 2.5 2.69 Lower
Slide 16: 2024 Drilling Highlights
FROM TO Interval Au HOLE NO. Expansion Target (m) (m) (m) (g/t Au) DQ 24 -01 12 41.7 29.7 0.31 Lower Grade Zone DQ 24 -02 49.5 101.6 52.1 0.8 Lower Grade Zone DQ 24 -03 178.5 208.7 30.2 0.4 Lower Grade Zone DQ 24 -03 330.1 344.1 14 0.4 Lower Grade Zone DQ 24 -04 117 134 17 0.5 Lower Grade Zone 2024
Slide 17: Open Pit Concept
OPEN PIT CONCEPT SHOWING BOTH PHASE 1 AND ULTIMATE PIT SCENARIO The open -pit model hosts multiple zones of high -grade and bulk -tonnage mineralization, with future drilling targeting its multimillion -ounce resource potential. 17
Slide 18: Expansion Potential - Conceptual Open Pit and Underground Model
EXPANSION POTENTIAL - CONCEPTUAL OPEN PIT AND UNDERGROUND MODEL 18
Slide 19: Conceptual Open Pit Model
ad CONCEPTUAL OPEN PIT MODEL EMPEROR METALS 15.05 m of 0.9 g/t Au * Opportunity to Increase Resources and Grade with Additional Drilling Visible Gold Upside to Grade with Closer Spacing Drilling ae. Same. 21.5 m of 0.6 g/t Au .1 m of 0.5 g/t Au Ni ip Zone (Including 18.0 m of 0.7 g/t A} — 16 m of 6.
Slide 20: Initial 2025 Drilling Results – DQ25-01
INITIAL 2025 DRILLING RESULTS – DQ25 -01 20
Slide 21: 2024 Duquesne West Early Metallurgical Work
2024 DUQUESNE WEST EARLY METALURGICAL WORK Gold recovery: CN leach vs. Fire Assay From News Release Nov 19th, 2024 Fire Assay Samples (Hole ID) CN (Au ppm) Thickness (m) Recovery (Au ppm) R DQ23 -01 5.12 5.63 11.7 91% R DQ23 -02 3.58 3.97 10.65 90% 1.59 Q DQ23 -02 1.21 27 76% R DQ23 -05 14.87 15.85
Slide 22: Company Comparable Analysis
COMPANY COMPARABLE ANALYSIS u pdated February 23, 2026 TRADING AT TRADING AT TRADING AT TRADING AT PER OZ AU PER OZ AU PER OZ AU PER OZ AU 22 CAD $25.28 CAD $225.77 CAD $267.77 CAD $639.9
Slide 23: Option Agreement to Earn 100% Interest
OPTION AGREEMENT TO EARN 100% INTEREST DUQUESNE WEST GOLD PROJECT Work Work Year Due Date Cash Shares Commitment Comm. Date *Agreement 0 *$500,000 *1,500,000 *$250,000 *Oct 1, 2023 Signing * 1 *Anniversary Date *$500,000 *1,500,000 *$750,000 *Oct 1, 2024 2 *Jan 20 th , 2025 *$500,000 *1,500,000 *$1,
Slide 24: Option Agreement Cost/Ounce - CAD
OPTION AGREEMENT COST/OUNCE - CAD 1.46 Moz Au 24
Slide 25: Lac Pelletier – Neighbour Deposits
LAC PELLETIER NEIGHBOUR DEPOSITS (1) 25 (1) Derived from "NI 43-101 Technical Report and Mineral Resource Estimate for the Lac Pelletier Gold Project, Quebec" prepared for Maritime Resources by InnovExplo, 2022 (the "Lac Pelletier Historical Estimate") The Lac Pelletier Historical Estimate is consid
Slide 26: Lac Pelletier – Underground Workings with Potential Stopes
LAC PELLETIER UNDERGROUND WORKINGS WITH POTENTIAL STOPES ⮚ Historical mineral resource of 89,400 Oz Au Measured & Indicated at 4.08 g/t Au and 137,600 Oz Au at 3.89 g/t Au, contained in several zones of mineralization (1) ⮚ Potential pre -production opportunity, permitted for production (2030) for 1
Slide 27: Lac Pelletier – Blue Sky Potential
LAC PELLETIER BLUE SKY POTENTIAL 27
Slide 28: Investment Summary
INVESTMENT SUMMARY ✓ Proven management team with a track record of growing gold deposits and successfully selling them to major gold -producing mining companies. ✓ Exploring in a prime tier 1 mining jurisdiction, surrounded by 50 active and historical mines. ✓ The flagship Duquesne West Gold Project
Slide 29: Contact Us
Contact Us John Florek President, CEO, Director & Co - Founder Johnf@emperormetals.com 807.228.3531 emperormetals.com Head Office 250 Southridge, NW, Suite 300 CSE: AUOZ Edmonton, Alberta OTCQB: EMAUF Canada, T6H 4M9 FRA: 9NH