Emergent Metals Corp. Completes Sale Of Its York Claims To Lahontan Gold

(TheNewswire)

Vancouver, British Columbia, October23, 2025 – TheNewswire - Emergent Metals Corp. (TSXV:EMR, OTC: EGMCF, FRA: EML, BSE: EML, MUN: ELM) (“ Emergent ” or the “ Company ”) announcesthat it has completed the sale of 27 unpatented lode mineral claims(the “ York Claims” ) toLahontan Gold Corp. ( TSXV:LG ) (“ Lahontan ”).  The claims were part ofEmergent’s New York Canyon Property, located in Nevada, and aredirectly south of and abutting Lahontan’s Santa Fe Property.  Theirsale to Lahontan will allow the potential expansion of Lahontan’sYork resource southward onto the York Claims (see Lahontan Gold pressrelease dated August 19, 2025, for additional information).

Terms of the York transaction (the “ York Transaction ”),initially announced by news release on August 19, 2025,include:

• On signing the Term Sheet, Lahontan will payEmergent’s U.S. subsidiary, Golden Arrow Mining Corporation(“ GAMC ”), a sum of US$10,000 (paid).

• On signing the York Agreement and Toronto VentureExchange (the Exchange ”) approval, Lahontan will issueGAMC a US$50,000 promissory note, with a 1% per month interest rate,and payable within six months of signing the Agreement(completed).

• On signing the York Agreement and Exchange approval,Lahontan will issue 2,000,000 common shares of Lahontan Gold Corp. toGAMC or its designee (completed).

• On signing of the Agreement, Exchange Approval, paymentof the cash, issuance of the shares, and issuance of the promissorynote outlined above, GAMC will facilitate the transfer of the YorkClaims to Lahontan or its designee, to be completed within 30days.

• As part of the transfer, LG will grant GAMC a 1% NSRroyalty (the Royalty ”) on the York Claims.  At any timebefore the third anniversary of the Agreement, Lahontan may purchasethe Royalty for US$500,000.  After the third and before the seventhanniversary of the Agreement, Lahontan may purchase the Royalty forUS$1,000,000.  The terms and conditions of the Royalty are defined inthe Agreement.

Note that the timing of the claim transfer could beaffected by the current U.S. government shutdown, which may affect theBureau of Land Management (the “ BLM ”).

David Watkinson, President and CEO of Emergent, stated,“Lahontan’s Santa Fe Property is a past-producing open-pit heapleach gold mine being fast-tracked back into production by Lahontan. It is one of the best near-term development gold projects in Nevada. The Transaction allows Emergent to become a shareholder of Lahontan,and we believe these shares will have significant upside investmentpotential, as Lahontan advances Santa Fe towards production. Upsidealso exists, down the road, through the NSR or early buyout of theNSR.  Emergent will retain the remainder of the New York CanyonProperty, hosting the Longshot Ridge, Copper Queen, Champion, and Emmacopper skarn and porphyry targets and the Yorkie Gold Target.”

Lahontan also has a Lease with Option to PurchaseAgreement on Emergent’s West Santa Fe Property, a potentialsatellite deposit to the Santa Fe Property, which Lahontan plans todrill in late 2025.  West Santa Fe hosts a near-surface gold andsilver exploration target with geologic similarities to the Santa Fedeposits.

About Emergent

Emergent is a gold and base metal exploration companyfocused on Nevada and Quebec.  The Company’s strategy is to lookfor quality acquisitions, add value to these assets throughexploration, and monetize them through sales, joint ventures, options,royalties, and other transactions to create value for our shareholders– an acquisition and divestiture (“ A&D ”) businessmodel.

In Nevada, Emergent’s Golden Arrow Property is anadvanced-stage gold and silver property with a well-defined measuredand indicated resource and a Plan of Operations and EnvironmentalAssessment in place to conduct a major drilling program.  New YorkCanyon is an advanced-stage copper skarn and porphyry explorationproperty.  The West Santa Fe Property is a gold, silver, and basemetal property, subject to a Lease with an Option to PurchaseAgreement with Lahontan Gold Corporation ( TSXV: LG ).  BuckskinRawhide East is a gold and silver property leased to Rawhide MiningLLC, operators of Rawhide Mine.

In Quebec, the Casa South Property is a goldexploration property located south of and adjacent to Hecla MiningCompany’s ( NYSE:HL ) operating Casa Berardi Mine and north of andadjacent to IAMGOLD Corporation’s ( NYSE: IAG ) GeminiTurgeon Property.  The Trecesson Property is a gold explorationproperty located about 50 km north of the Val d’Or mining camp. Emergent has a 1% NSR in the Troilus North Property, part of theTroilus Gold Project, being explored by Troilus Gold Corporation( TSX: TLG ).  Emergent also has a 1% NSR in the East-West Property,part of Agnico Eagle Mines Limited Canadian Malartic Complex( NYSE: AEM ).

Note that the location of Emergent’s propertiesadjacent to producing or past-producing mines or advanced-stageproperties does not guarantee exploration success at Emergent’sproperties or that mineral resources or reserves will be delineated.

Qualified Person

All scientific and technical information disclosed inthis new release was reviewed and approved by David Watkinson, P.Eng.,an employee of Emergent and a non-independent qualified person underNational Instrument 43-101.

For more information on the Company, investors shouldreview the Company’s website at www.emergentmetals.com orview 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 statements made and information containedherein may constitute “forward-looking information” and“forward-looking statements” within the meaning of applicableCanadian and United States securities legislation. These statementsand information are based on facts currently available to the Companyand there is no assurance that actual results will meet management’sexpectations. Forward-looking statements and information may beidentified by such terms as “anticipates”, “believes”,“targets”, “estimates”, “plans”, “expects”, “may”,“will”, “could” or “would”. Forward-looking statements andinformation contained herein are based on certain factors andassumptions regarding, among other things, the estimation of mineralresources and reserves, the realization of resource and reserveestimates, metal prices, taxation, the estimation, timing and amountof 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 theCompany considers its assumptions to be reasonable as of the datehereof, forward-looking statements and information are not guaranteesof future performance, and readers should not place undue importance on such statements as actual events and resultsmay differ materially from those described herein. The Company doesnot undertake to update any forward-looking statements or informationexcept as may be required by applicable securities laws. The Company's Canadian public disclosure filings may beaccessed via www.sedarplus.ca, and readersare urged to review these materials, including any technical reportsfiled with respect to the Company's mineral properties.

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