Successful Completion of Warrant Incentive Program

Executive Summary

• Eminent Gold Corp. completed its warrant incentive program, receiving $2,650,983 from the exercise of 3,787,118 outstanding common share purchase warrants at a $0.70 exercise price.
• The company issued an equal number of new Incentive Warrants (one‑for‑one), each exercisable at $1.50 per share until May 2 2027, subject to a statutory hold period.
• Net proceeds will be allocated to advance exploration programs (geophysical surveys and drilling at the Hot Springs Range Project) and for general working capital.

Key Details

• Warrant Exercise Proceeds: $2,650,983 received from holders exercising 3,787,118 warrants.
• Original Warrants: Exercised at $0.70 per share; originally issued in connection with the non‑brokered private placement of units completed on May 2 2025.
• Incentive Warrants Issued: 3,787,118 Incentive Warrants granted on a one‑for‑one basis.
• Exercise Price of Incentive Warrants: $1.50 per share.
• Expiration Date: May 2 2027 (subject to statutory hold period of four months and one day from issuance).
• Statutory Hold Period: All shares issuable upon exercise of the Incentive Warrants are subject to a hold period of 4 months + 1 day.
• Use of Proceeds: Funding for exploration activities—including geophysical surveys and drilling at the Hot Springs Range Project—and general working capital.
• No Additional Warrants Exercised: No further warrants were exercised after the March 3, 2026 news release.

Notable Quotes

“The successful completion of our warrant incentive program provides us with significant non‑dilutive capital to accelerate exploration at Hot Springs Range and strengthen our balance sheet,” – Dan McCoy, CEO & Director.