EMR - Emergent Metals Further Expands its New York Canyon Project

(TheNewswire)

Vancouver, British Columbia – TheNewswire - February 21, 2024 -- Emergent Metals Corp.("Emergent" or the “Company”) (TSXV:EMR) announces that it has further expanded its New York CanyonProperty (“New York Canyon” or the “Property” in Nevada byacquiring 6 unpatented lode claims (the “Yorkie Claims”) fromWestern Geoscience Inc. (“WGI”).  The Property now consists of 21patented claims and 792 unpatented mining claims totaling about 16,000acres (6,500 hectares).  Located about 30 miles (48 kilometers) eastof Hawthorne, New York Canyon hosts copper skarn and porphyryexploration targets including Longshot Ridge, Copper Queen, Champion,and Emma.

Emergent has acquired the claims for US$66,000($12,000 paid to WGI with six additional monthly payments ofUS$9,000 due February 15, 2024 (paid) and continuing through July 15,2024).  In addition, Emergent will grant WGI a 2% Net Smelter Royalty(“NSR”) on the claims capped at US$1,750,000.

David Watkinson, President and CEO of Emergent stated,“Addition of the Yorkie Claims finalizes the consolidation of amajor land position at the New York Canyon Property, hosting multiplecopper exploration targets with a very low acquisition cost.  TheYorkie Claims are just south of Lahontan Gold Corporation’s (TSXV:LG) Santa Fe Project, which hosts the past producing Santa Fe GoldMine.  The Yorkie claims also have potential to host goldmineralization as well as base metals.”

About Emergent

Emergent is a gold and base metal exploration companyfocused on Nevada and Quebec. The Company’s strategy is to look forquality acquisitions, add value to these assets through exploration,and monetize them through sale, joint ventures, option, royalty, andother transactions to create value for our shareholders (anacquisition and divestiture business model).

In Nevada, Emergent’s Golden Arrow Property is anadvanced stage property with a well-defined measured and indicatedgold and silver resource.  The New York Canyon Property is a copperskarn, copper porphyry, and gold exploration property south of andabutting the past producing Santa Fe Gold Mine. The Mindora Property(aka West Santa Fe Property) is a gold, silver, and base metalproperty located twelve miles from the Santa Fe Gold Mine and optionedto Lahontan Gold Corporation (TSXV:LG). Buckskin Rawhide East is agold and silver property leased to Rawhide Mining LLC, operators ofthe Rawhide Mine. Emergent also owns the Buckskin Rawhide West andKoegel Rawhide properties, two early-stage gold and silver projectslocated near Rawhide Mine.

In Quebec, the Casa South Property is a large goldexploration property adjacent to and south of Hecla MiningCorporation’s (NYSE:HL) operating Casa Berardi Mine with multipleexploration targets identified.  The Trecesson Property, locatedabout 50 km north of the Val d’Or mining camp, has three goldexploration targets with multiple high-grade (>10 g/t) goldintercepts from historic and recent drilling.  Also in Quebec,Emergent has a 1% NSR in the Troilus North Property, part of thefeasibility stage Troilus Mine Property being explored by TroilusGold.  Emergent also has a 1% NSR in the East-West Property, owned byO3 Mining and part of their feasibility stage Marban AllianceProperty.

Note that the location of Emergent’s propertiesadjacent to producing or past producing mines does not guaranteeexploration success at Emergent’s properties or that mineralresources or reserves will be delineated. For more information on theCompany, investors should review the Company’s website at www.emergentmetals.com or view the Company’s filings available at www.sedarplus.ca .

On behalf of the Board ofDirectors

David G. Watkinson,P.Eng.
President & CEO

For further information please contact:

David G. Watkinson, P.Eng.
Tel: 530-271-0679 Ext 101
Email: info@emergentmetals.com

Neither TSX Venture Exchange nor itsRegulation Services Provider (as the term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.

Cautionary Note onForward-Looking Statements

Certain information contained in this news releaseconstitutes “forward-looking information” or “forward-lookingstatements” (collectively, “forward-looking information”).Without limiting the foregoing, such forward-looking informationincludes statements regarding the process and completion of theOffering, the use of proceeds of the Offering and any statementsregarding the Company’s business plans, expectations and objectives.In this news release, words such as “may”, “would”,“could”, “will”, “likely”, “believe”, “expect”,“anticipate”, “intend”, “plan”, “estimate” and similarwords and the negative form thereof are used to identifyforward-looking information. Forward­ looking information should notbe read as guarantees of future performance or results, and will notnecessarily be accurate indications of whether, or the times at or bywhich, such future performance will be achieved. Forward-lookinginformation is based on information available at the time and/or theCompany management’s good­ faith belief with respect to futureevents and is subject to known or unknown risks, uncertainties,assumptions and other unpredictable factors, many of which are beyondthe Company’s control. For additional information with respect tothese and other factors and assumptions underlying the forward-lookinginformation made in this news release, see the Company’s most recentManagement’s Discussion and Analysis and financial statements andother documents filed by the Company with the Canadian securitiescommissions and the discussion of risk factors set out therein. Suchdocuments are available at www.sedar.com under the Company’s profileand on the Company’s website at www.emergentmetals.com. Theforward-looking information set forth herein reflects the Company’sexpectations as at the date of this news release and is subject tochange after such date. The Company disclaims any intention orobligation to update or revise any forward-looking information,whether as a result of new information, future events or otherwise,other than as required by law.

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