Prospect Ridge Completes Transformative 2025 And Enters 2026 Funded, Drill-Ready and Posed for Discovery

Executive Summary

• Prospect Ridge raised $2.43 M in flow‑through financing to fund multiple 2026 drill programs on three copper‑gold porphyry projects.
• The company acquired 100 % earn‑in options on the Castle, Excalibur and Camelot projects, positioning a total of ~83 km² of high‑potential ground for drilling.
• Detailed 2025 exploration work (soil sampling, IP surveys, airborne magnetics, a 2,034‑m diamond drill program at Camelot) has generated drill targets slated for field work beginning June 2026.

Key Details

• Financing: $2.43 M raised via critical‑metals flow‑through financing; proceeds earmarked for 2026 exploration and drilling.
• Project Acquisitions / Options:
• Earn‑in option to acquire 100 % interest in the 29.14 km² Castle Project (Toodoggone mining camp).
• Earn‑in option to acquire 100 % interest in the 27.7 km² Excalibur Project (north of Smithers, BC).
• Acquired 100 % interest in the 26.46 km² Camelot Project (Cariboo region near Mt. Polley).
• Exploration Highlights 2025:
• Conducted four separate exploration programs across five projects with a ~$2 M budget.
• Completed IP, prospecting, mapping and a 500‑line‑km airborne magnetic survey at Castle; results under analysis.
• Executed a 2,034‑m, 10‑hole diamond drill program at Camelot targeting blind geophysical anomalies (assays pending).
• Advanced Excalibur with soil sampling and a 26 km IP line survey to define 2026 drill targets.
• Reconnaissance mapping & sampling at Holy Grail and Knauss Creek identified elevated copper values; follow‑up IP survey planned.
• Drilling Plans for 2026 (subject to permits & weather):
• Excalibur – maiden drill program commencing June 2026.
• Castle – drilling window late July to late August 2026.
• Camelot – late‑season follow‑up drill in September 2026.
• Leadership & Advisory: New President/CEO Len Brownlie, Ph.D.; Board addition Pat Donnelly, MBA; Technical Advisory Committee formed with senior BC porphyry experts (Henry Awmack, David Caulfield, Mark Baknes, Michael Michaud, John McVey).
• Corporate Partnerships: Exclusive two‑year exploration agreement with Equity Exploration Consultants Ltd., providing access to >30 experienced geologists.
• Investor Outreach: Corporate video released; booth participation at Vancouver Resource Investment Conference (Jan 25‑26 2026) and Prospector & Developers Association of Canada conference (Mar 3‑4 2026).

Notable Quotes

“We firmly believe that our 2025 efforts will be rewarded in 2026 through a significant drill hole… With a market capitalization of < CDN$7M, 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, Ph.D., President & CEO

All technical information approved by Ron Voordouw, Ph.D., P.Geo., qualified person under NI 43‑101.