Emergent Metals Corp. Reports Positive Drill Results From West Santa Fe, NV

(TheNewswire)

Vancouver, British Columbia –TheNewswire - February 23, 2026 – Emergent MetalsCorp. (TSXV: EMR, OTC: EGMCF, FRA: EML, MUN: ELM) (“Emergent” or the “Company”) is pleasedto announce that Lahontan Gold Corp. (TSXV: LG)(“Lahontan”) has reported the first assayresults from its 2025 maiden drilling program (the “Program”) atEmergent’s West Santa Fe Property (“West Santa Fe” orthe “Property”).  As announced by press release on May 15, 2023, andJuly 20, 2023, Lahontan has the option to acquire a 100% interest inthe Property by completing US$1.8 million in cash or share paymentsand US$1.4 million in work expenditures on the Property (total US$3.2million) over seven years.  The results below are from the firstthree of six reverse circulation (“RC”) holescompleted by Lahontan in late 2025, totaling 593 meters.

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 reportedby Lahontan in their February 5, 2026, and February 18, 2026 pressreleases (see Lahontan press release dated February5, 2026, and Lahontan press release dated February18, 2026) are shown in Tables 1 and 2below.

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, 2026, and February 18, 2026, press releasesfor details.  For hole WSF25-06R, the true thickness of theintercepts is estimated to be 80-100% of the drilled interval.  Forholes WSF25-02R and WSF25-05R, the true thickness of intercepts isestimated to be 75-90% of the drilled interval.  Numbers may nottotal precisely, due to rounding.  Cross sections and plan views ofthe drill hole locations are included in Lahontan’s February 5,2026, and February 18, 2026, press releases. Lahontan reported that the intercepts represent down-holedepths and that, based on the ?50° drill inclination, themineralized interval in hole WSF25-06R begins at approximately 19metres below surface.

Excerpts and Summaries from LahontanGold Corp.’s February 5, 2026, and February 18, 2026, PressReleases

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 1982summary report by Kappes Cassiday and Associates that suggestedrecoveries of 70% gold and 50% silver using a cyanide heap leachprocess. These historic metallurgical results are historical innature, were compiled from third-party archives, and have not beenverified by a Qualified Person for Emergent. They are not current,should not be relied upon as a verified or representative estimate ofrecovery, and Lahontan has indicated that additional metallurgicaltest work would be required to verify 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 indicated that the gold and silvermineralization has a surface expression of 500 m by 350 m.  Based ondrilling to date, mineralization varies from 35 m to almost 60 m,although folding may increase this thickness.  Lahontan has multipledrill sites permitted to the west, north, and east of this central,outcropping mineralized zone.  More drill results are expectedshortly, and planning is underway for follow-up drilling.

Emergent has not verified the technical informationreported by Lahontan.

Emergent Retains Winning MediaLLC

Emergent announces that it has entered into an investorrelations and digital marketing services agreement dated February 23,2026 (the “Agreement”) with Winning Media LLC(“Winning Media”), a Texas limited liability company with an address at1415 S Voss, Suite 110-431, Houston, Texas 77057. Winning Media hasbeen retained to provide investor relations and digital marketingservices to increase market awareness of the Company, includingomni-channel programmatic advertising, content distribution, tickertagging, email and SMS marketing (in compliance with applicable laws),podcast promotion, retargeting campaigns, and related digitalmarketing initiatives, all subject to the Company’s oversight andprior approval.

The Agreement will commence upon acceptance by the TSXVenture Exchange (the “Exchange”) and will continue for a period ofthree (3) months from the date of such acceptance, unless terminatedearlier in accordance with its terms. In consideration for theservices to be provided, the Company has agreed to pay Winning Media atotal cash fee of US$100,000 for the three-month term, with nocompensation payable until the Agreement has been accepted by theExchange. Winning Media will not receive any securities of the Companyas compensation.

Winning Media and its principal, Ty Hoffer, are atarm’s length to the Company and, to the knowledge of the Company,neither Winning Media nor its principal owns any securities of theCompany or has any right to acquire securities of the Company. TheAgreement and the engagement of Winning Media are subject toacceptance by the Exchange in accordance with TSX Venture ExchangePolicy 3.4 – Investor Relations, Promotional and Market?MakingActivities and applicable securities laws.

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, 2026, andFebruary 18, 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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