Empire Metals Limited announced the analytical lab results from an initial five of 40 Reverse Circulation ('RC') drillholes at the Pitfield Project in Western Australia ("Pitfield' or the 'Project'), which has identified additional shallow high-grade bedded TiO2 mineralisation. Mineralogical studies have now commenced with the Company engaging both the Australian Federal Government's Commonwealth Scientific and Industrial Research Organisation ("CSIRO') and a leading, private industry, scientific research provider, AXT Pty Ltd. ('AXT'), to carry out a detailed assessment of rock chip samples collected from drilling. AXT Pty Ltd. (AXT) has been engaged to conduct mineralogical tests including TESCAN Integrated Mineral Analyzer (TEMA) and Laser Induced Breakdown Spectroscopy (LIBS) imaging on RC chips to determine mineralogical composition of the host rock and then map out the mineralogical residence of titanium within the host rock.

All of the target areas were tested, however several holes intersected excess groundwater and were terminated short of the planned depth as the holes were collapsing. Despite this, all of these shortened holes intersected approximately 50m of the targeted TiO2 enriched sedimentary rocks. The results to date from this RC drill programme continue to further define the scale of this giant, titanium-rich mineral system, with the first five drill holes identifying new areas of significant TiO2 mineralisation as well as confirming a new shallow zone of high-grade beddedTiO2 mineralisation.

Analytical lab results from the first five holes show TiO2 mineralisation throughout the entire hole. The conglomerate is also highly mineralised, but not quite to the same extent. The high-grade results from hole RC23COS004 are supported by the previously reported high-grade rock chip results (announcement 13 November 2023) which were collected nearby to this drill collar location.

The closest rock chip sample was taken only 90m away and graded 9.44% TiO2. An understanding of the mineral assemblage will provide important information towards establishing the dominant minerals, and especially the titanium-hosting minerals, which is critical to identifying potential ore processing options towards the economic assessment of this giant mineral system. In addition to the 40 RC drillholes completed November-December 2023, a third RC drill programme is scheduled to start in February 2024, consisting of an additional 40 drillholes for approximately 6,000m, which will further test those areas identified as potentially having higher grade, near-surface TiO2 mineralisation.

It is additionally planned to continue the mineralogical studies that have been initiated towards defining representative host mineral assemblages, with results expected to provide important information towards economic assessment and to accelerate the development of the Pitfield Project. The technical information in this report that relates to the Pitfield Project has been compiled by Mr. Andrew Faragher, an employee of Eclipse Exploration Pty Ltd, a wholly owned subsidiary of Empire. Mr. Faragher is a Member of the Australian Institute of Mining and Metallurgy.

Mr. Faragher has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr. Faragher consents to the inclusion in this release of the matters based on his information in the form and context in which it appears.