To: Goose94 who wrote (137058 ) 11/25/2022 4:25:47 PM From: Goose94 Read Replies (1) | Respond to of 202767 Emperor Metals (AUOZ-Cse) PP In Conjunction With Its Option To Acquire Duquesne West Gold Project Located In Quebec, Canada Nov 25, '22 - NR Emperor Metals Inc. proposes to complete a non-brokered private placement financing on a best-effort basis of up to 13.05 million flow-through shares at a price of 23 cents per flow-through shares for gross proceeds of up to $3,001,500 and up to 11,765,000 non-flow-through units at a price of 17 cents per non-flow-through unit for gross proceeds of up to $2,000,050. Each non-flow-through unit will consist of one common share and one-half of a share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share of the company at an exercise price of 30 cents for a period of 24 months from the date or dates of closing of the offering. The gross proceeds from the sale of the flow-through shares will be used to incur eligible Canadian exploration expenses that will qualify as flow-through mining expenditures as such terms are defined in the Income Tax Act (Canada) related to the company's Duquesne West gold project located in Quebec, Canada. All qualifying expenditures will be renounced in favour of the subscribers of the flow-through shares effective Dec. 31, 2022. Subscribers resident in the province of Quebec may also qualify for additional provincial tax credits. The net proceeds raised from the non-flow-through units will also be used to finance continuing project development expenditures at the company's Duquesne West gold project and for working capital and general corporate purposes. Eligible finders will receive finders' fees equal to 6 per cent of all cash raised as well as finder warrants equal to 6 per cent of the number of flow-through shares and non-flow-through units sold by such finder. Each finder warrant will entitle the holder to purchase one non-flow-through common share of the company at an exercise price of 17 cents for a period of 24 months from any closing date. All securities issued will be subject to a four-month-and-one-day hold period from any closing date. The offering is subject to the approval of the Canadian Securities Exchange and any finders' fees payable will be issued in accordance with the policies of the CSE and applicable securities laws. About the Duquesne West gold project The Duquesne West gold property is located 32 kilometres northwest of the city of Rouyn-Noranda and 10 kilometres east of the town of Duparquet. The property lies within the historic Duparquet gold mining camp in the southern portion of the Abitibi greenstone belt in the Superior province. The property hosts a historical inferred mineral resource estimate of 727,000 ounces of gold at a grade of 5.42 grams per tonne gold. The mineral resource estimate predates modern CIM (Canadian Institute of Mining, Metallurgy and Petroleum) guidelines and a qualified person on behalf of Emperor has not reviewed or verified the mineral resource estimate; therefore, it is considered historical in nature and is reported solely to provide an indication of the magnitude of mineralization that could be present on the property. The gold system remains open for resource identification and expansion. Reinterpretation of the existing geological model was created using artificial intelligence and machine learning. This model shows opportunity for additional discovery by revealing gold trends unknown to previous workers and the potential to expand the resource along significant gold-endowed structural zones. Qualified person disclosure The technical content for the Duquesne West project in this news release has been reviewed and approved by John Florek, MSc, PGeol, principal of Apical Exploration, technical adviser for the company and a qualified person pursuant to CIM guidelines. About Emperor Metals Inc. Emperor Metals is an innovative Canadian mineral exploration company focused on developing high-quality gold properties situated in the Canadian Shield. (www.sedar.com), under the Company's profile. ON BEHALF OF THE BOARD OF DIRECTORS s/ "Alexander Horsley" Alexander Horsley, Director For further information, please contact: Alexander Horsley Phone: 778-323-3058 Email: info@emperormetals.com Website: www.emperormetals.com