Emperor Metals Renews Option on Duquesne West Gold Project

Executive Summary

• Emperor Metals paid the $1 M cash and issued shares to renew its option on the Duquesne West property for 2026.
• The company announced a new 10,000‑15,000 m diamond drilling campaign for the 2025‑2026 winter season, plus assay of >8,000 m of historic core.
• With ~C$11.1 M working capital and a recently doubled Maiden Mineral Resource Estimate (26.9 Mt @ 1.69 g/t Au, 1.46 Moz), Emperor is positioned to expand gold resources further.

Key Details

• Option Renewal Payment: C$1,000,000 cash + 3,263,133 common shares (valued at $600,000 based on a 20‑day VWAP).
• Ownership Structure: Duparquet Assets Ltd. is 50 % owned by Globex Mining Enterprises.
• Working Capital: Approximately C$11.1 million as of the October 17 2025 press release.
• Drilling Campaign: Planned 10,000‑15,000 m of diamond drilling at Duquesne West during the 2025‑2026 winter exploration season.
• Historical Core Assay: >8,000 m of historic drill core to be assayed, expected to add previously overlooked gold ounces and potentially lower strip ratios.
• Maiden Mineral Resource Estimate (MMRE) – July 9 2025:
• Inferred resource: 26.9 Mt containing 1.46 Moz Au at an average grade of 1.69 g/t.
• Resource size more than doubled the prior estimate and supports both open‑pit and underground scenarios.
• Geology: Property straddles the Porcupine‑Destor Fault, several kilometres east of Duparquet, Quebec.
• Management Comment (CEO John Florek): Emphasized confidence that ongoing drilling will add quality and scale to the gold inventory; visible gold discovery could materially enhance grade and total ounces in an open‑pit context.

Notable Quotes

“We are pleased to continue advancing under this option agreement. The Maiden Mineral Resource Estimate (MMRE), released on July 9, 2025, more than doubled the size of the resource…The discovery of visible gold has the potential to materially enhance both grade and total contained ounces, particularly within an open‑pit mining scenario.” – John Florek, President & CEO

All forward‑looking statements are subject to risks and uncertainties as described in the release.