Eagle Mountain Mining Limited update on its 100% owned Oracle Ridge Copper Mine Project (Oracle Ridge, or the Project) in Arizona, USA. Resource Expansion Results for 12 resource expansion holes have been received which continue to support the potential growth of the March 2022 Mineral Resource Estimate (MRE) at a 1% copper cut-off grade. Key observations from the new drill holes are presented below.

Maiden results from the far eastern Talon Target have been received with strong copper mineralisation intersected in three of five holes. Results include: · 24.5m at 1.68% Cu, 14.68 g/t Ag and 0.34g/t Au and 13.2m at 1.75% Cu, 14.51g/t Ag and 0.37g/t Au across two zones in drill hole WT-22-121. This is the easternmost hole drilled in the target with mineralisation open to the east, where it is expected to daylight, and to the south.

14.5m at 1.57% Cu, 14.77 g/t Ag and 0.1g/t Au, including 6.3m at 2.86% Cu, 30.70g/t Ag and 0.21g/t Au in drill hole WT-22-119. 4.9m at 6.61% Cu, 70.19 g/t Ag and 0.43 g/t Au, including 1.5m at 11.15% Cu, 121g/t Ag and 0.27g/t Au from drill hole WT-22-125. WT-22-128 and WT-22-123 returned no significant intersections and only minor mineralisation respectively.

Expansion drilling at the Talon continues to deliver strong results including: 15.8m at 1.94% Cu, 16.26g/t Ag and 0.28g/t Au (including 1.4m at 8.08% Cu, 65.10g/t Ag and 0.77g/t Au) and 8m at 1.80% Cu, 22.32g/t Ag and 0.32g/t Au in drill hole WT-22-116. The drill hole was completed in the southern Talon area. The area between WT-22-116 and WT-22-119 approximately 200 metres to the east lacks any historical drilling and has recently been tested with several holes.

Assay results are pending. 13.7m at 1.97% Cu, 25.69g/t Ag and 0.39g/t Au and 5.6m at 1.57% Cu, 28.06g/t Ag, and 1.33g/t Au in drill hole WT-22-126, completed in the eastern Talon to the southeast of WT-21-06 (12.7m at 3.96% Cu, 49.11g/t Ag and 1.38g/t Au). The area to the east of this hole remains open.

12.3m at 1.62% Cu, 24.57g/t Ag, and 0.28g/t Au including 5.9m at 2.67% Cu, 44.58g/t Ag and 0.48g/t Au in drill hole WT-22-124, completed in the eastern Talon, approximately 60 metres to the south of WT-22-126. The area to the east of this hole remains open with assays awaited for two recently completed holes. 6.7m at 1.47% Cu, 11.02g/t Ag, and 0.07g/t Au in drill hole WT-22-120, completed in the northern.

Talon in an area where mineralisation appears less continuous.