Prospector Initial Drill Results Include 45.65m of 2.11 g/t Au, .48% Cu; New "Skarn Ridge-Bueno" Mineralized Corridor Extends Along Trend 1.5 kilometres

Executive Summary

• Prospector Metals released initial assay results from its 2025 diamond drill program on the ML Property, highlighting multiple high‑grade gold–copper–silver intercepts at Skarn Ridge, Bueno, and a newly discovered visible‑gold zone at North Vein.
• Notable intercepts include 2.11 g/t Au over 45.65 m (Skarn Ridge hole ML25‑010) and 3.07 g/t Au over 6.9 m (Bueno hole ML25‑005), plus a visible‑gold occurrence at ~105 m depth in hole ML25‑031.
• The drill program completed 39 holes totaling 6,648.91 m, exceeding the original plan by ~1,650 m and delivering assay results ranging up to 26.15 g/t Au.

Key Details

• Skarn Ridge – Hole ML25‑010: 45.65 m @ 2.11 g/t Au, 0.48 % Cu, 8.56 g/t Ag (44–89.65 m); includes 10 m @ 4.37 g/t Au, 0.26 % Cu, 6.14 g/t Ag and 1 m @ 18.5 g/t Au, 3.89 g/t Ag.
• Skarn Ridge – Hole ML25‑011: Two zones: 23 m @ 0.70 g/t Au, 0.52 % Cu, 9.48 g/t Ag (31–54 m) and 11 m @ 1.06 g/t Au, 0.68 % Cu, 11.82 g/t Ag (91–102 m); also 13.9 m @ 0.94 % Cu (91–105 m).
• Bueno – Hole ML25‑005: 6.9 m @ 3.07 g/t Au from 6.1 m depth; includes 1.5 m @ 8.22 g/t Au (8–9.5 m) and 1.08 m @ 3.41 g/t Au (39.48–40.56 m).
• Bueno – Hole ML25‑006: 0.81 m @ 26.15 g/t Au at 60.30 m depth (high‑grade intercept).
• North Vein – Hole ML25‑031: Visible gold specks observed at ~105 m depth; assays pending. Historic zone also intersected at 138–146 m.
• Rubble Target – Hole ML25‑009: Multiple short intervals with anomalous Au up to 2.83 g/t and Cu up to 0.67 %; vein densities 1–2 veins/m.
• Java Target – Holes ML25‑007/008: Intercepted target zone; max Au 0.136 g/t.

Program Summary | Target | # Holes | Meters Drilled | |--------|---------|----------------| | Bueno | 14 | 2,325.32 | | Skarn Ridge | 18 | 2,976.84 | | North Vein | 2 | 315.01 | | Java | 2 | 298.70 | | Rubble | 1 | 281.94 | | Fishbowl | 1 | 263.65 | | Lorrie | 1 | 187.45 | | Total | 39 | 6,648.91 |

• Assay range across all received results: trace to 26.15 g/t Au, trace to 32.9 g/t Ag, trace to 1.87 % Cu.
• Drilling completed on budget and exceeded the original 5,000 m target by ~1,650 m.

Notable Quotes

“Our geologists have successfully cracked the code at Skarn Ridge… We are expecting additional assay results to be released in the coming weeks, including our new drill discovery with visible gold from the North Vein area.” – Rob Carpenter, Ph.D., President & CEO

All forward‑looking statements are subject to risks and uncertainties as described in the release.