Prosper Gold Announces Agreement to Sell Golden Sidewalk Project

Executive Summary

• Prosper Gold Corp. has entered into a definitive purchase agreement to sell its 100% interest in the Golden Sidewalk and Skinner gold exploration properties to Kenorland Exploration Ltd.
• The transaction carries a cash consideration of C$1,000,000, payable upon closing.
• The sale is contingent upon approval by two-thirds of Prosper Gold’s shareholders (meeting anticipated in August 2026) and the TSX Venture Exchange.

Key Details

• Counterparties: Prosper Gold Corp. (Seller) and Kenorland Exploration Ltd. (Purchaser, at arm’s length).
• Assets Transferred: 100% interest in the Golden Sidewalk and Skinner properties, located approximately 60 km east of Red Lake, Ontario.
• Consideration: C$1,000,000 in cash payable on the closing date.
• Conditions Precedent: Approval of two-thirds of votes cast by shareholders at a special meeting (anticipated August 2026) and TSX Venture Exchange approval.
• Board Recommendation: Unanimously approved by the Board of Directors, which recommends a "for" vote from shareholders.
• Finder’s Fees: None will be paid in connection with the transaction.
• Property Specifications: Golden Sidewalk is a district-scale gold exploration project encompassing over 160 square kilometres of contiguous mineral claims and mining leases in the western Birch-Uchi Greenstone Belt.
• Exploration History: No significant exploration activities were completed by Prosper Gold at the Golden Sidewalk Project for the period ended January 31, 2026.
• Timeline: Management information circular to be mailed to shareholders, with the shareholder meeting anticipated in August 2026.