Emperor Metals Confirms High-Grade Gold Mineralization Highlighted by 35.9 Meters Grading 3.1 g/t Au, Including 24.7 Meters of 4.0 g/t Au

About this update from Emperor Metals, Inc.

Edmonton, Alberta--(Newsfile Corp. - June 2, 2026) - Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH) ("Emperor") is pleased to report on the progress of its 2026 exploration campaign at its Duquesne West Project, integrating 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. Highlights and Overview: CEO John Florek commented: "These results further demonstrate the continued success of Emperor Metal's strategy to systematically expand the footprint of the deposit and increase ounces utilizing our proprietary AI-driven evaluation techniques. The consistency of gold mineralization encountered in every drill hole reinforces our confidence in the scale and continuity of the system, supporting our vision of advancing the project as a significant gold deposit. Strong cost discipline and efficient drilling performance have also allowed the Company to extend the program beyond the originally planned 15,000 meters, maximizing capital deployed directly into the ground." Discussion Assay results received to date represent 16 of the 47 holes drilled so far, accounting for roughly 35-40% of the current drilling program and only about 20% 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 6,500 meters to date, while the Company has successfully completed around 15,300 meters of drilling and remains well below budget for the work completed. As we continue to expand the deposit footprint along strike and at depth, we are also enhancing the opportunity within the existing mineralized envelope by demonstrating increased thickness and grade. By systematically targeting the key structural controls of the deposit, we continue to build ounces and unlock additional growth potential across the project (see Figure 1,2). DQ26-45 demonstrates that multiple high-grade gold lenses hosted within a broader low-grade auriferous system can materially increase in both thickness and grade. The hole located approximately 75-80 meters down dip of Kinross's 2002 drill hole DQ02-10, which intersected 13.4 meters grading 4.9 g/t Au, returned a threefold increase in mineralized thi...

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