Eminent Gold finalizes Celts deal in Nevada

Executive Summary

• Eminent Gold Corp. completed the final payment for the Celts project, securing full ownership of a 560‑hectare gold‑rich property in Nevada’s Walker Lane trend.
• The remaining $325,000 consideration was satisfied by issuing 1,364,752 common shares at $0.3283 per share, subject to a statutory hold until Dec. 19 2025.
• The acquisition positions Eminent with three 100%‑owned, drill‑ready projects (Celts, Hot Springs Range, Gilbert South) in premier Nevada gold trends, enhancing its strategic growth outlook.

Key Details

• Transaction Completion: Final payment made under the purchase agreement with Orogen Royalties Inc. and Altius Resources Inc.; total consideration now fully satisfied.
• Share Issuance: 1,364,752 common shares issued at a deemed price of $0.3283 per share to cover the remaining $325,000 cash component. Shares subject to statutory hold expiring Dec. 19 2025.
• Project Size & Location: Celts project comprises 560 hectares within the prolific Walker Lane trend, adjacent to recent Barrick Gold staking of ~1,743 hectares.
• Geological Significance: Shares key characteristics with the Silicon‑Merlin hydrothermal system (similar host lithology, alteration style, structural setting); surface samples up to 33 g/t Au; IP surveys indicate a northeast‑trending structure beneath a steam‑heated cap.
• Strategic Fit: Completes Eminent’s portfolio of three fully owned, drill‑ready Nevada projects, supporting its strategy to maintain majority ownership and target high‑impact discovery zones.
• Future Plans: Maiden drill program at Celts slated to test the identified structure; drilling to resume shortly at Hot Springs Range (flagship project).

Notable Quotes

“Celts is a valuable part of our U.S. gold‑focused portfolio of significant exploration opportunities… We are preparing to resume drilling at Hot Springs Range, our flagship project…” – Paul Sun, President & CEO, Eminent Gold Corp.