Prospect Ridge to Launch 2,000 Metre Diamond Drill Program at 100% Owned Camelot Copper-Gold Project in B.C.'S Cariboo Mining District

Executive Summary

• Prospect Ridge Resources Corp. has finalized priority targets and will commence a 2,000‑meter diamond drill program at its 100 % owned Camelot copper‑gold porphyry project on November 1, 2025.
• Ten high‑priority and ten lower‑priority drill collars have been defined, targeting magnetic‑chargeability anomalies that parallel the regional Mount Polley system.
• The company holds $2.8 M in treasury, all required permits are in place, and Dorado Drilling has been contracted to execute the program.

Key Details

• Drill Program Scope: 2,000 m total depth across ten holes (high‑priority) plus additional lower‑priority collars; drilling to begin 1 Nov 2025.
• Target Definition: Integrated historic copper‑in‑soil anomalies, a 2011 IP survey, and a 2021 airborne magnetic inversion model identified a 1,700 m × 500 m chargeability‑magnetic anomaly trending NE‑SW beneath shallow till.
• Highest Priority Target (CAM25‑001): Shown in Figure 4; chimney‑like magnetic response interpreted as potential porphyry stock with disseminated sulphides.
• Historical Intercept: 1974 vertical percussion hole (PDH74‑L04) intersected 0.25 % Cu over 21.3 m within potassic‑altered biotite monzonite, suggesting proximity to the target stock.
• Drilling Contractor: Dorado Drilling (Vernon, B.C.) – rig en route from Prince George to Horsefly, B.C.
• Project Context: Camelot covers ~26 km² in the Cariboo Mining District, ~65 km east of Williams Lake; situated near Imperial Metals’ Mount Polley and Vizsla Copper’s Woodjam projects.
• Geology Summary: Hosted by the Lemon Lake stock (Late Triassic–Early Jurassic), comprising early gabbro/diorite phases cut by monzonite porphyries, breccias, and late‑stage dikes; moderate K‑feldspar/biotite alteration with localized pyrite‑chalcopyrite mineralization.
• Financial Position: Treasury balance of $2.8 M supports the upcoming drill campaign.
• Qualified Person: Ron Voordouw, Ph.D., P.Geo., Director of Geoscience for Equity Exploration Consultants Ltd., has verified all technical data (NI 43‑101).

Notable Quotes

“Very recently, an inversion of aerial magnetics data has revealed compelling signatures showing elevated magnetic features coincident with areas of elevated chargeability… With over $2.8 M in our treasury, all permits in place and drilling set to begin on November 1, we are very excited to test these newly characterized targets.” – Len Brownlie, Ph.D., CEO

All forward‑looking statements are subject to the usual risks and uncertainties.