Prospector Defines Multiple Gold Trends at Skarn Ridge: Drilling Highlights Include: 61.45 g/t Au over 1.9m and 4.64 g/t Au over 10m; 2.97 g/t Au over 25m; and 141 g/t Au over 0.5m

Prospector Metals Corp. announced the final assay results from its maiden 2025 diamond drill program at the Skarn Ridge target on its 100% owned ML Project in the Yukon. Key highlights include: * ML25-022: 61.45 g/t Au over 1.9m and 4.64 g/t Au over 10m. * ML25-014: 2.97 g/t Au over 25m. * ML25-023: 141 g/t Au over 0.5m. * ML25-010: 2.11 g/t Au over 45.65m.

The results confirm a wide structural corridor hosting multiple, near-vertical, parallel gold zones that remain open along trend and at depth. The company also reported that recent warrant exercises have added approximately C$2.39 million to its treasury.

This news is materially positive as it successfully demonstrates the presence of multiple, high-grade gold zones at the Skarn Ridge target. These results build upon the initial positive results from Skarn Ridge announced on September 2, 2025, and confirm the company's geological model of a large, structurally controlled mineralizing system.

While these intercepts are significant and economically interesting, they are not as spectacular as the discovery of the TESS Zone announced on October 1, 2025 (13.79 g/t Au over 44m), which was the true game-changing event for the company. The market reacted dramatically to the TESS discovery, repricing the stock from ~C$0.30 to over C$1.00. The current results, while very strong, serve to de-risk the project by demonstrating mineralization over a wider area, adding credibility to the "district-scale" potential.

The timing of this release was anticipated, as the company guided on October 7 that Skarn Ridge results were pending within one to two weeks. The confirmation of C$2.39 million from warrant exercises is also a key positive, significantly strengthening the company's balance sheet and providing ample funding for near-term follow-up work without immediate need for another financing.

Overall, the news confirms exploration success, supports the geological thesis, and strengthens the balance sheet. It solidifies the potential of the ML project but does not fundamentally alter the investment case established by the TESS discovery.

Prospector Metals Corp. is a Canadian mineral exploration company. While it holds a portfolio of projects, its undisputed flagship asset is the 100% owned, 10,869-hectare ML Project in the Tombstone Gold Belt, Yukon. The company acquired the project from Troilus Gold in January 2024 and commenced its maiden drill program in June 2025. The project is emerging as a significant Reduced Intrusion Related Gold System (RIRGS), highlighted by the recent high-grade "TESS Zone" gold-copper discovery.