Prospect Ridge Updates Diamond Drill Program at 100% Owned Camelot Copper-Gold Project in B.C.'S Cariboo Mining District

Executive Summary

• Prospect Ridge released visual and portable X‑ray fluorescence (pXRF) results for the final four holes (CAM25‑007 to CAM25‑010) of its 10‑hole, 2,010 m diamond drill program at Camelot.
• All four holes showed disseminated pyrite and chalcopyrite with semi‑quantitative copper detections; mineralized intervals are associated with porphyry‑style alteration and vein assemblages.
• Core from holes CAM25‑007 and CAM25‑009 has been sent for “rush” wet‑chemical assay, with results expected in late December 2025, supporting a follow‑up drill program planned for 2026.

Key Details

• Drill Program Overview – 10 holes, 2,010 m total depth drilled from eight pads over a 21‑day campaign; all access roads and trails have been rehabilitated (reseeding pending).
• Target Areas – Alpha, Bravo, Echo targets located along a 1.7 km geochemical/geophysical trend; drilling focused on chargeability highs coincident with magnetic anomalies under glacial till.
• Hole Depths & Locations – Final four holes:
• CAM25‑007 (Bravo) – 201 m depth, 45° dip, UTM E 617 660 N 580 1979.
• CAM25‑008 (Alpha “sandworm”) – 201 m depth, 130° dip, UTM E 617 089 N 580 1655.
• CAM25‑009 (Echo) – 201 m depth, 333° dip, UTM E 618 350 N 580 2109.
• CAM25‑010 (Alpha) – 300 m depth, 300° dip, UTM E 617 253 N 580 1882.
• pXRF Findings – Copper detected in all four holes; spot analyses at 1 m intervals show continuous copper signatures, especially pronounced in CAM25‑009 (histogram capped at 1,000 ppm).
• Visual Core Observations – Presence of disseminated pyrite and chalcopyrite confirmed; alteration assemblages include moderate to strong K‑feldspar, albite, epidote, biotite‑chlorite. Vein mineralization (quartz‑carbonate, chalcopyrite) noted in several intervals.
• Assay Status – “Rush” assay samples from CAM25‑007 and CAM25‑009 submitted; wet‑chemical copper values and fire‑assay gold values to be released late December 2025. True widths of mineralization not yet known.
• Operational Note – Eight of ten holes were intentionally stopped at ~200 m despite mineralization at depth to maximize target coverage; CAM25‑004 stopped at 102 m, CAM25‑010 extended to 301 m for deeper geophysical target.
• Historical Context – Comparison with historic hole LL22‑001 (collared near CAM25‑009) revealed previously unsampled chalcopyrite after oxidation and re‑analysis, prompting additional assay work.
• Future Plans – Management intends to publish assay results early 2026 and commence a follow‑up drill program later that year, using chargeability anomalies as primary targeting tools.

Notable Quotes

“We feel very fortunate that our initial drilling into ‘blind’ targets identified by geophysical data under glacial till has uncovered evidence of an alkalic porphyry that is copper bearing… If the observed association between chargeability highs and elevated copper mineralization is confirmed by assay results then it becomes the primary tool to identify future drill targets at Camelot.” – Len Brownlie, Ph.D., CEO

Materiality Assessment: Material – Positive (the release provides substantive new drilling data that could materially affect valuation of a junior exploration company).