Prospect Ridge looks back at 2025, ahead to 2026

Executive Summary

• Prospect Ridge Resources Corp. provides a comprehensive review of its 2025 exploration activities and outlines its funded, drill-ready status for 2026, highlighting three primary copper-gold porphyry projects in British Columbia.
• The company secured $2.43 million in critical metal flow-through financing to support multiple drill programs in 2026, with specific target dates set for Excalibur (June), Castle (July-August), and Camelot (September).
• Significant technical progress was made in 2025, including the completion of a 2,034-meter drill program at Camelot (assays pending), extensive geophysical surveys at Excalibur and Castle, and the acquisition of full interests in key projects.

Key Details

• Financing: Raised $2.43 million in critical metal flow-through financing to fund planned 2026 drill programs.
• 2025 Exploration Budget: Approximately $2 million spent across four separate exploration programs over five projects.
• Project Portfolio & Status:
  • Excalibur: 27.7 sq km project; acquired option for 100% interest; advanced via soil sampling and 26-line-kilometre induced polarization (IP) survey; drill permit application submitted; maiden drill program expected to begin June 2026.
  • Castle: 29.14 sq km project; acquired option for 100% interest; described as a potential Cadia Far East style alkalic porphyry analogue; completed IP, prospecting, mapping, and 500-line-kilometre airborne magnetic survey; drilling anticipated late July to late August 2026.
  • Camelot: 26.46 sq km project; acquired 100% interest from Orogen Royalties Inc.; completed 2,034-metre, 10-hole diamond drill program targeting blind geophysical anomalies beneath glacial till; assays pending; follow-up drill program anticipated in September 2026.
  • Holy Grail & Knauss Creek: Reconnaissance mapping and sampling completed; elevated copper values identified; follow-up ground-based IP survey required.
• Technical Results: Preliminary visual reviews of geophysical programs indicate high-priority drill targets at Excalibur and Castle; Camelot drilling intersected visual and portable XRF evidence of copper-bearing alkalic porphyry mineralization.
• Corporate Development:
  • Entered exclusive two-year exploration agreement with Equity Exploration Consultants Ltd. (access to 30+ geologists).
  • Appointed Len Brownlie, PhD, as President and CEO, and Pat Donnelly, MBA, to the Board.
  • Established technical advisory committee including Henry Awmack, David Caulfield, Mark Baknes, Michael Michaud, and John McVey.
• Regulatory & Administrative: Filed assessment work ensuring core projects remain in good standing for a minimum of five years.
• Upcoming Events:
  • Vancouver Resource Investment Conference: Jan 25-26, 2026 (Booth No. 114).
  • Prospector and Developers Association of Canada Conference: March 3-4, 2026, in Toronto (Booth No. 2412B).

Notable Quotes

• "Two thousand twenty-five was an exceptionally active year for Prospect Ridge that encompassed four separate exploration programs over five projects and a total budget of approximately $2-million. Despite our hard work, the fruit of our labour have not been visible to investors as much of the exploration data was delayed and is only now being analyzed." — Len Brownlie, PhD, President and CEO
• "Based on preliminary visual reviews, we are confident that our geophysical programs have identified high-priority drill targets at Excalibur and Castle and that assays from the Camelot drilling will justify a follow-up drill program." — Len Brownlie, PhD, President and CEO
• "With a market capitalization of less than $7-million, three high-potential drill targets and funding secured for two drill programs, Prospect Ridge is well positioned to unlock significant discovery-driven value for shareholders in 2026." — Len Brownlie, PhD, President and CEO