Prospect Ridge to begin drilling at Camelot Nov. 1

Executive Summary

• Prospect Ridge Resources Corp. has finalized targets for a 2,000-metre diamond drill program at its 100%-owned Camelot copper-gold project in British Columbia.
• Drilling is scheduled to commence on November 1, 2025, with Dorado Drilling contracted to execute the work.
• The program targets 10 high-priority and 10 lower-priority collar locations based on integrated historic data, including 2021 airborne magnetic inversions and 2011 IP surveys, which reveal signatures consistent with alkalic porphyry systems.

Key Details

• Drill Program Scope: 2,000 metres of diamond drilling planned.
• Start Date: November 1, 2025.
• Contractor: Dorado Drilling (Vernon, B.C.); rig en route from Prince George to Horsefly, B.C.
• Project Location: Camelot copper-gold porphyry project, Cariboo Mining District, B.C. (2,646 hectares / ~26 sq km).
• Geological Context: Located in the Quesnel terrane, 65 km east of Williams Lake, 34 km southeast of Imperial Metals' Mount Polley mine, and 13 km northeast of Vizsla Copper's Woodjam project.
• Target Definition:
  • 10 high-priority and 10 lower-priority drill collar locations identified.
  • Targets based on integration of historic copper-in-soil anomalies, 2011 induced polarization (IP) survey, and 2021 airborne magnetic data inversion.
  • Anomaly characteristics: 1,700m x 500m coincident chargeability-magnetic anomaly trending northeast-southwest beneath shallow till cover.
  • Interpretation: Signatures typical of alkalic porphyries (moderately high-amplitude magnetic inversion anomalies with chimney-like geometries on shoulders of broader anomalies, coincident with moderate-high to high chargeability).
• Historic Data & Hypothesis:
  • Inversion of aerial magnetics revealed elevated magnetic features coincident with elevated chargeability from earlier IP survey.
  • Hypothesis: Features represent potential apophyses on the shoulder of a larger batholith, hypothesized to be a porphyry stock with disseminated sulphides and magnetite.
  • Historic Validation: 1974 vertical percussion hole (PDH74-L04) drilled to 61m depth intersected 0.25% copper over 21.3m within potassic-altered biotite monzonite, clipping the outer flank of the hypothesized stock.
• Financial Position: Over $2.8 million in treasury.
• Regulatory Status: All permits in place.
• Qualified Person: Ron Voordouw, PhD, PGeo, Director of Geoscience for Equity Exploration Consultants Ltd.

Notable Quotes

• "Our technical team... have done an exceptional job integrating decades of historic data... Very recently, an inversion of aerial magnetics data has revealed compelling signatures showing elevated magnetic features coincident with areas of elevated chargeability from an earlier IP survey." — Len Brownlie, PhD, CEO
• "With over $2.8-million in our treasury, all permits in place and drilling set to begin on Nov. 1, we are very excited to test these newly characterized targets." — Len Brownlie, PhD, CEO