Prismo Metals arranges $1.25-million financing

Dr. Craig Gibson reports PRISMO METALS ANNOUNCES PRIVATE PLACEMENT AND RIPSEY GOLD PROJECT OVERLIMIT SILVER ASSAY RESULTS Prismo Metals Inc. has arranged a non-brokered private placement of 12.5 million units of the company at an issue price of 10 cents per unit for minimum gross proceeds of $1.25-million. Each unit will consist of one common share in the capital of the company and one-half of one common share purchase warrant of the company. Each warrant will entitle the holder to purchase one share for a period of 36 months from the date of issue at an exercise price of 17.5 cents. The warrants will contain an accelerated expiry clause. Pursuant to the acceleration clause, if the shares of the company close at or above 25 cents for 10 consecutive trading days on the Canadian Securities Exchange, then the company may accelerate the expiry date of the warrants by issuing a news release announcing the accelerated warrant term, pursuant to which the warrants will expire on the 30th calendar days after the date of such news release. The company intends to use the net proceeds of the private placement primarily for drilling at its Silver King project and for general corporate purposes. In August, 2025, Prismo submitted a plan of operations for the drill program with the Forest Service in Arizona. The first phase of drilling at Silver King will consist of a minimum of 1,000 metres. Dr. Craig Gibson, chief exploration officer of Prismo, commented: "This first phase is designed to test the upper half of the steeply dipping pipe-like Silver King mineralized body, as well as potentially mineralization adjacent to the dense stockwork that was the focus of historic mining. Follow-up drilling will expand on the initial program based on the results and may include separate targets outside of the historic mining area, such as the polymetallic vein mentioned above. The discovery of the two mineralized veins and porphyry style mineralization has resulted in Prismo evaluating a larger drill program to test those targets." Dr. Gibson added: "We have also received the overlimit assays for silver for four samples from the Ripsey mine, which range from 132 to 224 g/t Ag. These results confirm the high-grade nature of the mineralization along the Ripsey vein, exposed at the surface and in underground workings over about 600 metres along strike." The private placement will also be made available to existing shareholders of the company who, as of the close of business on Oct. 18, 2025, held shares (and who continue to hold such shares as of the closing date of the private placement), pursuant to the existing securityholder exemption set out in British Columbia Instrument 45-534, Exemption From Prospectus Requirement for Certain Trades to Existing Security Holders. The existing securityholder exemption limits a shareholder to a maximum investment of $15,000 in a 12-month period unless the shareholder has obtained advice regarding the suitability of the investment and, if the shareholder is resident in a jurisdiction of Canada, that advice has been obtained from a person that is registered as an investment dealer in the jurisdiction. If the company receives subscriptions from investors relying on the existing securityholder exemption exceeding the maximum amount of the private placement, the company intends to adjust the subscriptions received on a pro rata basis. The units issued pursuant to the private placement and the existing securityholder exemption will be subject to a four-month hold period from the closing date of the private placement under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. The company may pay finders' fees to eligible finders in connection with the private placement, subject to compliance with applicable securities laws and Canadian Securities Exchange policies. Ripsey gold project overlimit assay results The company has also received the overlimit assays for silver for four samples from the Ripsey mine, ranging from 132 to 224 grams per tonne (g/t) silver (Ag), announced Oct. 16, 2025 (see the attached table). These results confirm the high-grade nature of the mineralization along the Ripsey vein, exposed at the surface and in underground workings over about 600 metres along strike. Qualified person Dr. Craig Gibson, PhD, CPG, a qualified person as defined by National Instrument-43-01 regulations, and chief exploration officer and a director of the company, has reviewed and approved the technical disclosures in this news release. Other than the sampling conducted by Dr. Gibson as indicated herein, the data presented in this press release were obtained from public sources, should be considered incomplete and are not qualified under NI 43-101, but are believed to be accurate. The company has not verified the historical data presented and they cannot be relied upon, and they are being used solely to aid in exploration plans. About the Silver King Discovered in 1875, the Silver King mine was one of Arizona's most important historic producers, yielding nearly six million ounces of silver at grades of up to 61 ounces per ton (oz/t). The Silver King mine sits only three kilometres from the main shaft of the Resolution copper project -- a joint venture between Rio Tinto and BHP, and one of the world's largest unmined copper deposits with an estimated copper resource of 1.787 billion metric tonnes at an average grade of 1.5 per cent copper. The unique land position is fully surrounded by Resolution Copper's claim block, offering strategic upside. Selected samples from small-scale production in the late 1990s returned grades as high as 644 oz/t silver (18,250 g/t) and 0.53 oz/t gold (15 g/t), indicating that high-grade mineralization remains. About Prismo Metals Inc. Prismo is a mining exploration company focused on advancing its Silver King, Ripsey and Hot Breccia projects in Arizona and its Palos Verdes silver project in Mexico. We seek Safe Harbor.