EMP METALS MODIFIES TEMBO LOAN FACILITY WITH CONVERSION FUNCTION AND EXTENDS LOAN BY 18 MONTHS

EMP Metals Corp. (CSE: EMPS,OTC:EMPPF) (OTCQB: EMPPF) (“EMP Metals” or the “Company”) is pleased to announce that it has amended its previous US$3 million loan facility (the “Loan”) with Tembo Capital Holdings Guernsey Limited (“Tembo”) by entering into a convertible loan agreement (the “Convertible Loan Agreement”) with Tembo, extending the maturity date of the Loan from December 31, 2025 until June 30, 2027, unless further extended by the parties, and permit the Loan to be converted in whole or in part by Tembo.

Under the terms of the Convertible Loan Agreement, Tembo has the right to convert some or all of the Loan plus accrued interest into common shares of the Company (the “Conversion shares“) at a conversion price of $0.425 per conversion share. The loan will bear interest at the rate of 13.5% per annum on any portion of the principal amount owed by the Company for as long as the loan remains outstanding.

The company has also agreed to pay Tembo an arrangement fee of €5 $150,000which will be satisfied by the issuance of as satisfied by the issuance of 485,294 common stock purchase warrants of the Company (the “Arrangement costs Warrants“), whereby each Arrangement Fee Warrant is exercisable to acquire one (1) ordinary share of the Company at an exercise price of CDN$0.425 per share up to two years after the date of issue.

All securities issued under the Convertible Loan Agreement will be subject to restrictions on resale for a period of four months from the date of issuance.

About EMP Metals

EMP is a Canadian-based lithium exploration and development company focused on large-scale resources using direct lithium extraction (DLE). EMP currently owns more than 205,000 net acres (83,000 hectares) of underground facilities and strategic wells in Southern Saskatchewan.

For more information, visit the company’s website at www.empmetals.com.

Forward-Looking Statements

The information in this press release contains forward-looking statements that are based on assumptions as of the date of this press release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. EMP Metals cautions that all forward-looking statements are inherently uncertain, and actual performance may be affected by a number of material factors, many of which are beyond EMP Metals’ control. Such factors include, among others: risks and uncertainties relating to EMP Metals’ limited operating history, its ability to obtain sufficient financing to carry out its exploration and development objectives on its mineral properties, its ability to obtain necessary permits to conduct its operations and its need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities laws, EMP Metals undertakes no obligation to publicly update or revise any forward-looking information.

The Canadian Securities Exchange has neither approved nor disapproved the information contained in this press release and accepts no responsibility for the adequacy or accuracy of this press release.

SOURCE EMP Metals Corp.

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