Mr. Dan McCoy reports

EMINENT ANNOUNCES MOBILIZATION FOR DRILLING AT HOT SPRINGS RANGE PROJECT, NEVADA

The mobilization of the reverse circulation (RC) drill rig to Eminent Gold Corp.'s 100-per-cent-owned Hot Springs Range project (HSRP) in Nevada is scheduled for July 6, 2026, with drilling to commence immediately thereafter. This drilling represents the previously announced program of up to 10,000 metres at HSRP.

The company has been fully prepared to drill since early April, with all drill pads, access roads and permits in place. The updated start date reflects the contractor's completion of a prior commitment.

This phase of drilling will follow up on encouraging results from the Otis target, including 9.2 metres grading 3.2 grams per tonne (g/t) gold (Au) in hole HSC005, and will also mark the first drill test of the Eden target at the opposite end of the 10-kilometre structural corridor. Eden is defined by a three-kilometre-long gold-in-soil anomaly along a major structure refined by the company's recent seismic survey, which also helped guide drill site prioritization for this program.

Planned drilling details:

• Reverse circulation (RC) drilling across the Otis target area to follow up on previous high-grade intersections;
• Diamond core drilling at the Eden target, utilizing RC precollars through the cover sequence before transitioning to core;
• PhotonAssay analysis for rapid turnaround, with initial results anticipated within approximately one week per hole;
• RC holes expected to take approximately 48 hours to complete.

Additional details on the Otis and Eden targets, including figures and seismic interpretations, are available in the company's May 26, 2026, news release.

Dan McCoy, president and chief executive officer, commented:

"We are pleased to announce a scheduled start to drilling at Hot Springs Range. The company experienced a delay due to increased demand for drill rigs across Nevada, where availability has tightened considerably with the improved gold market. We are excited to follow up on the promising results at Otis and to test additional structural corridors that form part of what we interpret as a robust Carlin-style gold system on the project, as we work to expand on our initial discovery holes and evaluate new targets."

The company remains well positioned to execute its active 2026 exploration program in Nevada. Drilling at Hot Springs Range is now commencing, with the Celts project scheduled to follow later this year. Further updates will be provided as drilling progresses and results become available.

Drilling is scheduled to commence following drill rig mobilization.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Justin B. Milliard, PGeo, vice-president of exploration for the company and a non-independent qualified person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Eminent Gold Corp.

Eminent Gold is a gold exploration company focused on creating shareholder value through the exploration and discovery of world-class gold deposits in Nevada. Its multidisciplinary team has had multiple successes in gold discoveries and brings expertise and new ideas to the Great basin. The company's exploration assets in the Great basin include: Hot Springs Range, Celts and Gilbert South.

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