Emergent Metals Corp. Reports High Grade Gold Intercept at West Santa Fe: 36.6 m Grading 3.11 g/t AuEq Including 10.7 M Grading 5.75 g/t AuEq

(TheNewswire)

Vancouver, British Columbia –TheNewswire - February 25, 2026 – Emergent MetalsCorp. (TSXV: EMR, OTC: EGMCF, FRA: EML, MUN: EML) (“Emergent” or the “Company”) is pleasedto announce that Lahontan Gold Corp. (TSXV: LG)(“Lahontan”) has reported additional assay results from its 2025maiden drilling program (the “Program”) at Emergent’s West Santa FeProperty (“West SantaFe” or the “Property”).  Asannounced by press release on May 15, 2023, and July 20, 2023,Lahontan has the option to acquire a 100% interest in the Property bycompleting US$1.8 million in cash or share payments and US$1.4 millionin work expenditures on the Property (total US$3.2 million) over sevenyears.  The results below are from all six-reverse circulation(“RC”) holes completed by Lahontan in late 2025, totaling 593meters.  

West Santa Fe hosts a gold and silver explorationtarget located about 13 km from Lahontan’s flagship Santa Fe MineProject.  It represents a potential satellite deposit to the Santa FeMine, subject to exploration success.  The exploration databaseincludes 171 drill holes totaling about 13,000 meters, with historicdrilling completed in the 1980s and 1990s.  This is the first moderndrilling completed on the Property since that time.  

Results reported by Lahontan (see Lahontan press release dated February5, 2026,  Lahontan press release dated February10, 2026, Lahontan press release dated February18, 2026, and Lahontan press release dated February 24,2026) are shown in Tables 1 and 2 below. Emergentpreviously reported results from three holes (WSF25-02R, WSF25-05R,and WSF25-06R) in a February 23, 2026, press release.  The tablesbelow include results from all six holes, including newly reportedholes WSF25-01R, WSF25-03R, and WSF25-04R.  WSF25-04 was the besthole reported, with 36.6 m grading 3.11 g/t AuEq, including 10.7 mgrading 5.75 g/t AuEq, as shown in Table 2 below.

Table 1:  Drill HoleInformation

Table 2:  Assay Information

Notes to Tables: AuEQ equals Au (g/t) + ((Agg/t/60)*0.70).  Silver grade for calculatingAuEQ is adjusted to consider the estimated metallurgical recoveryreported by Kappes Cassiday (1982), as disclosed by Lahontan.  SeeLahontan’s February 5, 10, 18, and 24, 2026, press releases fordetails. For Hole WSF25-01 and WSF25-03, the true thickness of theintercepts is estimated to be 70-85% of the drilled interval.  Forholes WSF25-02R, WSF25-04R, and WSF25-05R, the true thickness ofintercepts is estimated to be 75-90% of the drilled interval.  Forhole WSF25-06R, the true thickness of the intercepts is estimated tobe 80-100% of the drilled interval.  Numbers may not total precisely,due to rounding.  Cross sections and plan views of the drill holelocations are included in Lahontan’s press releases, with linksprovided above.

David Watkinson, President and CEO of Emergent, stated,“The drill results are extremely encouraging as they help tovalidate historic drilling results on the Property from the 1980’sand 1990’s.  The potential exists, with additional drilling, forLahontan to delineate a mineral resource that could be developed as asatellite operation of their Santa Fe Project.”

Excerpts and Summaries from LahontanGold Corp.’s February 5, 10, 18, and 24, 2026 Press Releases

Lahontan has reported that West Santa Fe has beenexplored historically by drilling completed primarily in the 1980s,with additional drilling in the 1990s, and that its internal modelingof historic drilling suggests potential for shallow oxidized gold andsilver mineralization. Lahontan has also reported that historicmetallurgical test work was completed on the project, includingcyanide column leach tests, and cited a 1982 summary report by KappesCassiday and Associates that suggested recoveries of 70% gold and 50%silver using a cyanide heap leach process. These historicmetallurgical results are historical in nature, were compiled fromthird-party archives, and have not been verified by a Qualified Personfor Emergent. They are not current, should not be relied upon as averified or representative estimate of recovery, and Lahontan hasindicated that additional metallurgical test work would be required toverify the historic data.

Lahontan further reported that gold and silvermineralization at West Santa Fe is hosted by limestone of the TriassicPamlico Formation, with mineralized intervals characterized by ironoxides, minor quartz veining, and decalcification, and that beddingand fault structures are important controls on higher grademineralization.

Lahontan indicates that the gold and silvermineralization has a surface expression of 500 m by 350 m, with a truethickness of 35 m to over 60 m.  With oxide mineralization startingat the surface, Lahontan has stated that, subject to additionaldrilling, metallurgical testing and economic studies, there may bepotential to evaluate the system for open-pit mining and heap leachprocessing.  Lahontan has multiple drill sites permitted to the west,north, and east of this central, outcropping mineralized zone. Lahontan is continuing to model the West Santa Fe system to betterunderstand the geology and geometry of gold and silver mineralization. Additional drilling is being planned in the spring of 2026.

Emergent has not verified the technical informationreported by Lahontan.  No mineral resources or reserves that meet NI43-101 or CIM standards have yet been delineated on theProperty.

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 business model.  

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.  Asannounced by press release on September 29, 2025, Emergent is in the process of selling Golden Arrow toFairchild Gold Corp. (TSXV:FAIR).  New York Canyon is an advanced-stagecopper skarn and porphyry exploration property.  The West Santa FeProperty is a gold, silver, and base metal property, subject to aLease with an Option to Purchase Agreement with Lahontan GoldCorporation (TSXV:LG).  Buckskin Rawhide East is a gold andsilver property leased to Rawhide Mining LLC, operators of RawhideMine.  

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 the Troilus Gold Project, being advanced by Troilus MiningCorporation (TSX:TLG) toward production.  The Company has a 1%NSR in the East-West Property, part of Agnico Eagle Mines Limited(NYSE: AEM) Canadian Malartic Complex.  Emergent also has a 1% NSR onthe York Property, part of Lahontan Gold’s (TSXV: LG) Santa FeProject in Nevada is also being advanced toward production.

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

Emergent has not verified the data disclosed in thisnews release that was reported by Lahontan Gold Corp. The technicalinformation disclosed by Lahontan was reviewed and approved by aQualified Person as disclosed in Lahontan’s February 5, 10, 18, and24, 2026, press releases. All other scientific and technicalinformation contained in this news release was reviewed and approvedby David Watkinson, P.Eng., a non-independent Qualified Person forEmergent under National Instrument 43-101.

For more information on the Company, investors shouldreview the Company’s website at www.emergentmetals.com or view theCompany’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”) withinthe meaning of applicable securities laws. Forward-looking informationincludes, but is not limited to, statements regarding explorationresults, exploration potential, future exploration plans, therequirement for additional work to verify historic data, and theCompany’s business strategy, plans, and objectives. In this newsrelease, words such as “may”, “would”, “could”,“will”, “likely”, “believe”, “expect”,“anticipate”, “intend”, “plan”, “estimate”, andsimilar expressions, and the negative form thereof, are used toidentify forward-looking information.  Forward-looking information isbased on management’s reasonable assumptions, expectations,estimates, and projections as of the date of this news release and issubject to known and unknown risks, uncertainties, assumptions, andother factors that may cause actual results, performance, orachievements to differ materially from those expressed or implied bysuch forward-looking information. These risks and uncertaintiesinclude, but are not limited to, risks related to explorationactivities, the interpretation of exploration results, commodity pricefluctuations, regulatory approvals, permitting, and general economic,market, and business conditions. Readers are cautioned not to placeundue reliance on forward-looking information. The Company does notundertake any obligation to update or revise any forward-lookinginformation, except as required by applicable securities laws.

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