Emperor Advances Lac Pelletier Toward Production with Submission of Updated Remediation Plan

About this update from Emperor Metals, Inc.

Edmonton, Alberta--(Newsfile Corp. - June 30, 2026) - EMPEROR METALS INC. (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH) ("Emperor" or the "Company") is pleased to provide an update on the Lac Pelletier Mine Property, located approximately 4 km southwest of the city of Rouyn-Noranda, Quebec. In collaboration with Eldorado Gold and with support from Norda Stelo, Emperor has completed updates to the Lac Pelletier Remediation and Closure Plan. Work undertaken during the winter and spring included updating and evaluating the geochemistry of waste rock remaining from historical exploration activities, as well as conducting assessments of soil and groundwater environmental quality. The updated plan is a key step in enabling Emperor to assume environmental responsibility for the Lac Pelletier Project, which is currently held by Eldorado Gold. The revised remediation and closure plan has been submitted to the Ministère des Ressources naturelles et des Forêts (MRNF) for review and comment, with regulatory approval anticipated before the end of the third quarter. CEO John Florek commented: "The submission of the updated remediation and closure plan marks another important milestone for the project. It establishes a clear path for the environmental aspects of future permitting and reflects the steady progress we're making toward our long-term goal of bringing the project into production." The project holds a fully authorized underground extraction permit, enabling production of up to 1,000 tonnes per day (tpd). This Mining Permit positions Lac Pelletier as a near-development-stage operation, providing a clear pathway to production and revenue following the dewatering of existing underground workings and the completion of additional development activities. The permit underscores the project's advanced permitting status and highlights its readiness as a de-risked development opportunity. The Lac Pelletier Project is progressing under a phased development strategy designed to systematically progress the asset and advance it toward production. Following regulatory approval, Emperor intends to initiate a Pre-Feasibility Study (PFS), which will refine the project's technical and economic parameters and provide the foundation for advancing development toward a production decision. A comprehensive suite of technical programs; including geotechnical, hydrological, geochemical, and mi...

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