Emergent Metals completes sale of 27 claims to Lahontan

Mr. David Watkinson reports EMERGENT METALS CORP. COMPLETES SALE OF ITS YORK CLAIMS TO LAHONTAN GOLD Emergent Metals Corp. has completed the sale of 27 unpatented lode mineral claims (the York claims) to Lahontan Gold Corp. (TSX Venture Exchange: LG). The claims were part of Emergent's New York Canyon property, located in Nevada, and are directly south of and abutting Lahontan's Santa Fe property. Their sale to Lahontan will allow the potential expansion of Lahontan's York resource southward onto the York claims (see Lahontan Gold press release dated Aug. 19, 2025, for additional information). Terms of the York transaction, initially announced by news release on Aug. 19, 2025, include: On signing the term sheet, Lahontan will pay Emergent's U.S. subsidiary, Golden Arrow Mining Corp. (GAMC), a sum of $10,000 (U.S.) (paid). On signing the York agreement and TSX Venture Exchange approval, Lahontan will issue GAMC a $50,000 (U.S.) promissory note, with a 1-per-cent-per-month interest rate, and payable within six months of signing the agreement (completed). On signing the York agreement and exchange approval, Lahontan will issue two million common shares of Lahontan Gold to GAMC or its designee (completed). On signing of the agreement, exchange approval, payment of the cash, issuance of the shares and issuance of the promissory note outlined above, GAMC will facilitate the transfer of the York claims to Lahontan or its designee, to be completed within 30 days. As part of the transfer, LG will grant GAMC a 1-per-cent NSR (net smelter returns) royalty on the York claims. At any time before the third anniversary of the agreement, Lahontan may purchase the royalty for $500,000 (U.S.). After the third and before the seventh anniversary of the agreement, Lahontan may purchase the royalty for $1-million (U.S.). The terms and conditions of the royalty are defined in the agreement. Note that the timing of the claim transfer could be affected by the current United States government shutdown, which may affect the Bureau of Land Management (the BLM). David Watkinson, president and chief executive officer of Emergent, stated: "Lahontan's Santa Fe property is a past-producing open-pit heap leach gold mine being fast-tracked back into production by Lahontan. It is one of the best near-term development gold projects in Nevada. The transaction allows Emergent to become a shareholder of Lahontan, and we believe these shares will have significant upside investment potential, as Lahontan advances Santa Fe towards production. Upside also exists, down the road, through the NSR or early buyout of the NSR. Emergent will retain the remainder of the New York Canyon property, hosting the Longshot Ridge, Copper Queen, Champion, and Emma copper skarn and porphyry targets, and the Yorkie gold target." Lahontan also has a lease with option to purchase agreement on Emergent's West Santa Fe property, a potential satellite deposit to the Santa Fe property, which Lahontan plans to drill in late 2025. West Santa Fe hosts a near-surface gold and silver exploration target with geologic similarities to the Santa Fe deposits. About Emergent Metals Corp. Emergent is a gold and base metal exploration company focused on Nevada and Quebec. The company's strategy is to look for quality acquisitions, add value to these assets through exploration and monetize them through sales, joint ventures, options, royalties and other transactions to create value for its shareholders -- an acquisition and divestiture (A&D) business model. In Nevada, Emergent's Golden Arrow property is an advanced-stage gold and silver property with a well-defined measured and indicated resource and a plan of operations and environmental assessment in place to conduct a major drilling program. New York Canyon is an advanced-stage copper skarn and porphyry exploration property. The West Santa Fe property is a gold, silver and base metal property, subject to a lease with an option to purchase agreement with Lahontan Gold. Buckskin Rawhide East is a gold and silver property leased to Rawhide Mining LLC, operators of Rawhide mine. In Quebec, the Casa South property is a gold exploration property located south of and adjacent to Hecla Mining Company's operating Casa Berardi mine and north of and adjacent to Iamgold Corp.'s Gemini Turgeon property. The Trecesson property is a gold exploration property located about 50 km north of the Val d'Or mining camp. Emergent has a 1-per-cent NSR in the Troilus North property, part of the Troilus gold project, being explored by Troilus Gold Corp. Emergent also has a 1-per-cent NSR in the East-West property, part of Agnico Eagle Mines Ltd. Canadian Malartic complex. Qualified person All scientific and technical information disclosed in this new release was reviewed and approved by David Watkinson, PEng, an employee of Emergent and a non-independent qualified person under National Instrument 43-101. We seek Safe Harbor.