Prospect Ridge Drilling Discovers Copper-Gold Mineral System At 100% Owned Camelot Project in B.C.'S Cariboo Mining District

Executive Summary

• Prospect Ridge announced assay results for hole CAM25‑009 from its 2025 fall diamond drill program at the Camelot copper‑gold project.
• The hole returned a bulk intercept of 156.6 m grading 0.06 g/t Au and 0.08 % Cu, with higher-grade sub‑intervals (e.g., 7.5 m @ 0.24 g/t Au, 0.32 % Cu).
• Results support the presence of an alkalic porphyry system with copper‑gold mineralization and indicate a larger geophysical footprint for future deeper drilling.

Key Details

• Drill Program Overview: 2,034 m drilled in ten holes (CAM25‑001 to CAM25‑010) over 21 days, testing a 1.7 km geochemical/geophysical trend.
• Assay Highlights – Hole CAM25‑009 (Echo target):
• Overall interval 23.4 – 180.0 m (156.6 m) – 0.06 g/t Au, 0.08 % Cu, 0.34 g/t Ag, 3.8 ppm Mo.
• Sub‑intervals:
  • 76.0 – 95.0 m (19.0 m) – 0.14 g/t Au, 0.18 % Cu, 0.65 g/t Ag, 3.9 ppm Mo.
  • 79.5 – 87.0 m (7.5 m) – 0.24 g/t Au, 0.32 % Cu, 1.09 g/t Ag, 5.8 ppm Mo.
  • 145.0 – 170.0 m (25.0 m) – 0.13 g/t Au, 0.11 % Cu, 0.52 g/t Ag, 4.0 ppm Mo.
  • 167.0 – 170.0 m (3.0 m) – 0.76 g/t Au, 0.57 % Cu, 1.83 g/t Ag, 10.6 ppm Mo.
  • 168.0 – 169.0 m (1.0 m) – 1.77 g/t Au, 1.28 % Cu, 3.93 g/t Ag, 9.4 ppm Mo.
• Mineralogy: Dominance of pyrite over chalcopyrite; mineralization associated with epidote‑magnetite‑K‑feldspar alteration and quartz ± carbonate veins.
• Comparative Context: Historical hole LL22‑001 intersected the same area from the opposite direction; re‑logged during 2025 program, results pending.
• Pending Results: Assays for the remaining nine holes (CAM25‑001 to CAM25‑010) and LL22‑001 to be released in coming weeks.
• Field Display: Core from CAM25‑009 will be exhibited at VRIC (Jan 25‑26, 2026) and Orogen Royalties booth at AME Roundup (Jan 27‑29, 2026).
• Future Plans: Company intends to target high chargeability (>27 mV/V) on shoulders of moderate magnetic anomalies for deeper drilling in 2026.

Notable Quotes

“Our initial shallow drilling into ‘blind’ targets… has resulted in the discovery of an alkalic porphyry that is copper and gold bearing and has a large geophysical footprint.” – Len Brownlie, Ph.D., CEO

All technical information approved by Ron Voordouw, Ph.D., P.Geo., Director of Geoscience, Equity Exploration Consultants Ltd.