Emperor Metals Commences Updated NI 43-101 Technical Report for the Lac Pelletier Gold Project, Quebec

About this update from Emperor Metals, Inc.

Edmonton, Alberta--(Newsfile Corp. - July 16, 2026) - Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH) (" Emperor " or the " Company ") is pleased to announce that it has commenced work on an updated National Instrument 43-101, Standards of Disclosure for Mineral Projects, Technical Report for its Lac Pelletier Gold Project, located approximately 4 kilometers southwest of Rouyn-Noranda, Quebec. The updated technical report represents an important milestone in advancing the Lac Pelletier Project toward the next stage of development. The report will integrate historical exploration and development data with the Company's recent technical work to provide an updated and comprehensive assessment of the Project in accordance with current NI 43-101 disclosure standards. CEO John Florek commented: " Initiating an updated NI 43-101 Technical Report is another important step in systematically advancing the Lac Pelletier Project. We have assembled a substantial amount of historical and recent technical information, and this work will consolidate those datasets into a current technical framework that will guide the next phase of development. Together with the ongoing environmental permitting process, this work continues to de-risk the project as the Company advances toward engineering studies and, ultimately, production." The updated NI 43-101 Technical Report is expected to be completed in the coming months and will provide a comprehensive, current assessment of the Lac Pelletier Gold Project in accordance with National Instrument 43-101 disclosure standards. The report will integrate historical drilling, geological modelling, underground development, metallurgical data, geotechnical and hydrogeological studies, and other technical work completed to date, establishing a robust technical foundation for the Company's next phase of project advancement. Upon completion of the updated technical report, Emperor intends to commence a Pre-Feasibility Study ("PFS"), which will further refine the project's mining methods, processing flowsheet, infrastructure requirements, capital and operating cost estimates, and overall economic potential. Together, these studies represent key milestones in advancing Lac Pelletier toward a future production decision. Lac Pelletier is an advanced-stage gold project with significant existing infrastructure, including approximately 3.3 kilometers of underground development, a portal, ventilation raise, settling ponds, and more than 100,000 meters of historical drilling. The project also benefits from a fully authorized underground mining permit allowing production of up to 1,000 tonnes per day, providing a clear regulatory pathway toward development. Previously advanced to the threshold of production under prior ownership, Lac Pelletier represents a unique opportunity to leverage existing infrastructure and permits to accelerate project advancement.

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