Emperor Metals Announces Closing of $10 Million LIFE Offering

Edmonton, Alberta--(Newsfile Corp. - October 9, 2025) - Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH) ("Emperor Metals" or the "Company"), a mineral exploration and development company focused on Quebec's Southern Abitibi Greenstone Belt, is pleased to announce the closing of its previously announced "best efforts" private placement for aggregate gross proceeds of approximately $9,943,000 (the "Offering"). Pursuant to the Offering, the Company issued (i) 14,714,999 units of the Company (the "Common Units") at a price of $0.20 per Common Unit, and (ii) 25,000,000 units of the Company issued on a "flow-through" basis (the "FT Units" and together with the Common Units, the "Offered Securities") at a price of $0.28 per FT Unit.

The Offering was led by SCP Resource Finance LP ("SCP") acting as lead agent and sole bookrunner on behalf of a syndicate of agents including Canaccord Genuity Corp. (together with SCP, the "Agents"). The Offering was conducted pursuant to an agency agreement dated October 9, 2025, between the Company and the Agents.

The Offered Securities were issued pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption"). The Offered Securities issued under the Listed Issuer Financing Exemption are not subject to a hold period pursuant to applicable Canadian securities laws.

The Company will use an amount equal to the gross proceeds from the sale of the FT Units, pursuant to the provisions in the Income Tax Act (Canada) (the "Tax Act"), to incur (or be deemed to incur) eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" (as both terms are defined in the Tax Act) (the "Qualifying Expenditures") related to the Company's Duquesne West Project and Lac Pelletier Project in Quebec, on or before December 31, 2026, and to renounce all the Qualifying Expenditures in favour of the subscribers of the FT Shares effective December 31, 2025.