Empire Metals Limited announced the commencement of the next major exploration campaign at the Pitfield Project in Western Australia (Pitfield or the 'Project'), with a total of 800 metres of Diamond Core drilling planned to be completed in March. This will be followed up mid-March with a 40 hole Reverse Circulation ('RC') drilling campaign covering 6,000m, expected to take approximately 10 weeks. These drill programmes will quantify two high-grade titanium-mineralised zones, selected for resource evaluation work in areas that show potential to support shallow open pit mining.

The diamond drilling will also provide additional core for further mineralogical analysis and metallurgical test work that will allow the Company to accelerate the economic assessment and development of the Project. The diamond drilling programme will consist of four angled, 200m deep, diamond core drill holes focused on confirming the continuation of near surface, high-grade titanium mineralisation identified by previous drilling and surface sampling. The next phase of RC drilling, the third campaign to date, will further test and delineate the two known zones of high-grade, bedded mineralisation as well as test new targets identified along the length of the coincident magnetics-gravity anomaly.

As part of Empire's policy to attract and retain high-calibre personnel, the Company has agreed to issue options at a 14p and 18p strike price. The Pitfield Project Located within the Mid West region of Western Australia, near the northern wheatbelt town of Three Springs, Pitfield lies just 313km north of Perth and 156km south of Geraldton, the Mid West region's capital. Western Australia is ranked as one of the top mining jurisdictions in the world according to the Fraser Institute's Investment Attractiveness Index published in 2023, and has mining-friendly policies, stable government, transparency, and advanced technology expertise.

Pitfield has existing connections to port (both road & rail), HV power substations, and is nearby to natural gas pipelines as well as a green energy hydrogen fuel hub, which is under planning and development. Empire completed a maiden 21-hole RC drill programme in April 2023, which resulted in the discovery of titanium rich mineralisation within the hydrothermally altered sediments. The majority of the maiden drill holes were located in the north, near Mt Scratch (a historical copper working).

Following the grant of the Share Options, in aggregate there will be 65,973,333 ordinary shares of no par value of the Company under option to directors and employees of the Company, representing 11% of the existing issued ordinary share capital of the Company.