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Emergent Closes Private Placement

**NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES**VANCOUVER, BC / ACCESSWIRE / November 30, 2022 / Emergent Metals Corp. ("Emergent" or the "Company") (TSX Venture Exchange:EMR) announces that it …

**NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES**

VANCOUVER, BC / ACCESSWIRE / November 30, 2022 / Emergent Metals Corp. ("Emergent" or the "Company") (TSX Venture Exchange:EMR) announces that it has completed a second and final tranche (the "Second Tranche") of a non-brokered private placement (the "Offering") described in its news releases of July 26, September 2, September 28, and October 31, 2022. In connection with the closing of the Second Tranche of the Offering, the Company issued an aggregate of 1,500,000 units (the "Units") at a price of CDN$0.20 per Unit for gross proceeds of CDN$300,000. Each Unit consists of one common share in the capital of the Company (a "Share") and one whole transferable common share purchase warrant(a "Warrant"). Each whole Warrant is exercisable to acquire one Share at an exercise price of CDN$0.26per Share until November 30, 2024, which is 24 months from the date of issuance.

In total, between first tranche and Second Tranche of the Offering, the Company issued an aggregate of 3,3065,000 Units at a price of CDN$0.20 per Unit for gross proceed of CDN$913,000. Emergent intendsto use the net proceedsof the Offering for exploration of Emergent's properties in Quebec and Nevada and general working capital.

The Company will pay aggregate finder's fees of CDN$1,750 and 8,750Share purchase warrants (the "Finder's Warrants") in connection with subscriptions from subscribers introduced to the Second Tranche of the Offering by Leede Jones Gable Inc. Each Finder's Warrant is exercisable to acquire one Share in thecapital of the Company at an exercise priceof CDN$0.26 per Share until November 30, 2024, which is 24 months from the date of issuance.

The Offering remains subject to final approval of the TSX Venture Exchange.

The securities issued under the Second Tranche of the Offering, and any Shares that may be issuable on exercise of any such securities, will be subject to a statutory hold period expiring four months and one day from the date of issuance of such securities.

About Emergent

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 sale, joint ventures, option, royalty, and other transactions to create value for our shareholders (acquisition and divestiture ("A&D") business model). In Nevada, Emergent's Golden Arrow Property, the core asset of the Company, is an advanced stage gold and silver property with a well-defined measured and indicated resource.New York Canyon is a base metal property subject to an Earn-in with Option to Joint Venture Agreement with Kennecott Exploration, a subsidiary of Rio Tinto Plc (NYSE:RIO). The Mindora Property is a gold, silver, and base metal property located twelve miles from New York Canyon. Buckskin Rawhide East is a gold and silver property leased to Rawhide Mining LLC, operators of the adjacent Rawhide Mine.

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Disclaimer

Emergent Closes Private Placement **NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES**VANCOUVER, BC / ACCESSWIRE / November 30, 2022 / Emergent Metals Corp. ("Emergent" or the "Company") (TSX Venture Exchange:EMR) announces that it …

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