Mr. Dan McCoy reports

EMINENT COMMENCES 10,000 M DISCOVERY EXPANSION DRILL PROGRAM AT THE HOT SPRINGS RANGE PROJECT, NEVADA

Drilling has commenced at Eminent Gold Corp.'s Hot Springs Range project (HSRP) in Humboldt county, Nevada, following mobilization of the drill contractor on July 17. This 10,000-metre reverse circulation (RC) program builds directly on the company's initial four diamond core holes, which encountered oxide gold mineralization associated with faulting in all completed holes, highlighted by 9.2 metres grading 3.2 grams per tonne Au (gold), and is designed to expand testing across multiple fault zones within the Hot Springs Range structural corridor.

Dan McCoy, president and chief executive officer, commented:

"We are excited to resume drilling at the Hot Springs Range project. Our initial drilling at Otis advanced it from a true grassroots concept to a drilled, new Carlin-style oxide gold mineralized system.

"This drill program is designed to expand on the gold already intersected at Otis to determine how far the gold mineralization may extend. The program will also initially test our stand-alone, highly prospective three-kilometre-long Eden target.

"Success at both targets would strongly support our thesis of a new gold trend with the potential for multiple new Carlin-style gold discoveries in this part of northern Nevada -- a region where no new Carlin-style trend has been established in decades. We look forward to a steady flow of assay results through the summer as we plan to use the expeditious photon assay method."

The 2026 drill program includes 14 RC holes at the Otis target and an initial phase 1 of up to five RC holes at the Eden target. Together, these holes provide the first systematic test of multiple fault zones across the Hot Springs Range structural corridor.

Otis target (14 RC holes)

At Otis, drilling will follow up on four priority faults, including renewed testing of the Otis Fault, where previous holes are interpreted to have narrowly missed the main fault plane but still returned oxide gold mineralization. Updated geophysical interpretation has enabled the company to reposition drill pads for improved structural pierce points at multiple depths. Drilling will also continue along the Little Humboldt Fault, which delivered the project's strongest oxide gold interval to date.

In addition, two southeast faults (Hinkey and Otis) and one northwest fault (Paradise) will be drilled for the first time. These are now considered high-priority structural targets based on improved understanding of host-rock density contrasts and structural preparation -- key factors in Carlin-style gold systems.

The first hole of this phase at Otis (HSR2601) is currently under way.

Eden target (phase 1: up to five RC holes)

At Eden, phase 1 will test three key faults beneath a three-kilometre gold-in-soil anomaly. These initial RC holes will evaluate structural preparation, host-rock characteristics and the potential for mineralization along each fault. The RC rig is capable of reaching approximately 460 metres; depending on depth achieved and initial results, select holes may be extended with diamond core tails to gain deeper insight into the geology.

Airborne geophysical data suggest density contrasts consistent with potential Comus-type host rocks -- a rock package commonly associated with major Carlin-type gold systems along the Getchell trend -- and drilling at Eden will help determine whether this interpretation holds in the subsurface.

District-scale potential

This work builds on Eminent's systematic exploration approach as the first company to drill this area methodically, integrating previous core data with recent geophysical and geological interpretation. The approximately 10-kilometre structural corridor at Hot Springs Range lies approximately 15 kilometres northwest of the Getchell trend and exhibits geological characteristics consistent with major gold-bearing systems in the region. Beyond the Otis and Eden targets, several additional prospective areas have been outlined across the corridor, underscoring the district-scale potential of the project for future exploration.

All drill pads, access roads and permits have been maintained since early April. Drilling is being conducted by Alford Drilling LLC with multiple crews working continuous shifts. Samples will be processed using PhotonAssay under the company's established QA/QC (quality assurance/quality control) protocols, with results to be released as they are received, validated and interpreted.

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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