Emperor Metals Returns 15.0 Meters of 61.5 g/t Gold Including 2.4 Meters of 369.6 g/t Gold

About this update from Emperor Metals, Inc.

Visible gold observed in multiple zones within the intercept. Edmonton, Alberta--(Newsfile Corp. - June 16, 2026) - Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH) ("Emperor") is pleased to report 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 +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. Image 1: Representative image of the mineralized zone showing visible gold (VG) 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. Highlights and Overview: 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 (m) grading 61.5 g/t Au (see Table 1 and 2), 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 m grading 7.9 g/t Au and 28.0 m grading 0.5 g/t Au (see Table 2), 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. CEO John Florek commented: "The occurrence of visible gold, an aspect we believe remains among the least understood yet potentially most significant component of the evolving Duquesne West story, is underscored by the intercept of 15.0 meters grading 61.5 g/t Au. As we continue to define and expand the deposit, the importance of these visible gold occurrences may become increasingly apparent, with the potential to deliver substantial upside to project...

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