Emperor Metals Clarifies and Corrects October 30, 2025 News Release

Rhea-AI Summary

Emperor Metals (OTCQB: EMAUF) issued a clarification to its October 30, 2025 news release correcting reported mineral‑resource figures for the Duquesne West Gold Project.

The company said the historical average grade of 5.42 g/t Au referred to a historical underground estimate of 727,000 oz, but the correct reference is the updated combined open‑pit and underground Inferred Mineral Resource of 1,460,000 oz at 1.69 g/t Au reported on July 9, 2025. Emperor also corrected a previously stated 104% increase to read an increase of over 100%. The company apologized for any confusion caused.

Positive

• Updated Inferred Mineral Resource of 1,460,000 oz gold (combined open‑pit and underground)
• Correction clarifies resource baseline dated July 9, 2025

Negative

• Original release misreported grade and resource figures, creating potential investor confusion
• Average grade falls from historical 5.42 g/t Au (historical underground) to updated 1.69 g/t Au for combined resource

News Market Reaction

-8.60%

1 alert

-8.60% News Effect

On the day this news was published, EMAUF declined 8.60%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, British Columbia--(Newsfile Corp. - October 30, 2025) - Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH) ("Emperor") wishes to clarify certain information disclosed in its news release dated October 30, 2025.

In that release, Emperor inadvertently referenced the historical average grade of 5.42 g/t Au, which corresponds to the historical underground resource estimate of 727,000 ounces of gold at the Duquesne West Gold Project in the Tier 1 jurisdiction of Rouyn-Noranda, Quebec.

The correct figures should reference the updated combined open-pit and underground Inferred Mineral Resource Estimate of 1,460,000 ounces of gold at an average grade of 1.69 g/t Au, as reported on July 9, 2025.

Additionally, the previously stated 104% increase in the resource from the historical estimate to the updated estimate should have read as an increase of over 100%.

Emperor apologizes for any confusion this may have caused and appreciates the understanding of its shareholders and stakeholders.

About Emperor Metals Inc.

Emperor Metals Inc. is a high-grade gold exploration and development junior mining company focused on Quebec's Southern Abitibi Greenstone Belt, leveraging AI-driven exploration techniques. Emperor is dedicated to unlocking the substantial resource potential of the Duquesne West Gold Project and the Lac Pelletier Project (currently under purchase agreement) both situated in this prolific mining district.

Emperor is led by a dynamic group of resource sector professionals who have a strong record of success in evaluating and advancing mining projects from exploration through to production, attracting capital and overcoming adversity to deliver exceptional shareholder value. For more information, please refer to SEDAR+ (www.sedarplus.ca), under Emperor's profile.

Contact Information:
John Florek, CEO
Phone: 807-228-3531
Email: info@emperormetals.com
Website: www.emperormetals.com

The Canadian Securities Exchange has not approved nor disapproved the content of this press release.

Forward-Looking Statements
Certain statements made and information contained herein may constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to Emperor and there is no assurance that the actual results will meet management's expectations. Forward-looking statements and information may be identified by such terms as "anticipates," "believes," "targets," "estimates," "plans," "expects," "may," "will," "could" or "would."

Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While Emperor considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. Emperor does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272689

FAQ

What resource numbers did Emperor Metals (EMAUF) correct on October 31, 2025?

Emperor corrected its figures to an updated combined Inferred Mineral Resource of 1,460,000 oz at 1.69 g/t Au and noted the historical underground estimate was 727,000 oz at 5.42 g/t Au.

When was the updated Inferred Mineral Resource for Duquesne West reported for EMAUF?

The updated combined open‑pit and underground Inferred Mineral Resource of 1,460,000 oz at 1.69 g/t Au was reported on July 9, 2025.

Did Emperor Metals (EMAUF) change the percent increase claimed between historical and updated resources?

Yes. The company said the previously stated 104% increase should have read an increase of over 100%.

How does the corrected grade compare between historical and updated resource figures for EMAUF?

The historical underground grade cited was 5.42 g/t Au, while the updated combined inferred grade is 1.69 g/t Au.

What action did Emperor Metals (EMAUF) take after identifying the error on October 30, 2025?

The company issued a clarification apologizing for the error and correcting the referenced resource figures to the updated July 9, 2025 numbers.