Prospect Ridge Confirms Discovery Of Copper-Gold Porphyry with Final Drill Results from 100% Owned Camelot Copper-Gold Project in B.C.'s Cariboo Mining District

Executive Summary

• Prospect Ridge released assay results for nine previously unreported drill holes from its 2025 Camelot copper‑gold program, confirming a new alkalic porphyry system with multiple intervals of Cu–Au mineralization.
• Hole CAM25‑009 and infill sampling of historic hole LL‑22‑01 each returned ~150 m of core averaging 0.1 g/t Au and 0.1 % Cu, indicating gold as a meaningful by‑product.
• The data improve targeting criteria (high chargeability >27 mV/V on magnetic shoulders) and set the stage for deeper follow‑up drilling in 2026.

Key Details

• Drilled Length: 2,034 m across ten holes (CAM25‑001 to CAM25‑010); results now disclosed for nine holes plus infill of LL‑22‑01.
• Key Intercepts:
• CAM25‑009: 0.07 g/t Au & 0.08 % Cu over 156.6 m (23.4–180 m depth); additional higher‑grade sub‑intervals up to 1.77 g/t Au and 1.28 % Cu over 1 m.
• LL‑22‑01 (infill): Composite 0.07 g/t Au & 0.06 % Cu over 153 m (5–158 m depth).
• Other Notable Intercepts:
• CAM25‑001: 0.13 g/t Au over 4.3 m; multiple shorter intervals with up to 0.09 g/t Au & 0.08 % Cu.
• CAM25‑002: 0.09 g/t Au & 0.06 % Cu over 7 m (59–66 m).
• CAM25‑003: 0.07 g/t Au & 0.06 % Cu over 6 m (127–133 m).
• CAM25‑004: 0.07 g/t Au & 0.05 % Cu over 2 m (79–81 m).
• CAM25‑005: 0.11 g/t Au & 0.03 % Cu over 1.3 m (163–164.3 m).
• CAM25‑006: Multiple intervals; highest 0.12 g/t Au & 0.02 % Cu over 2 m (159–161 m).
• CAM25‑007: 0.13 g/t Au & 0.06 % Cu over 12 m (186–198 m); higher sub‑interval 0.22 g/t Au & 0.10 % Cu over 6 m.
• CAM25‑008: 0.02 g/t Au & 0.12 % Cu over 3 m; 0.25 g/t Au & 0.01 % Cu over 1.4 m.
• CAM25‑010: 0.03 g/t Au & 0.05 % Cu over 2.3 m (126–128.3 m); 0.03 g/t Au & 0.05 % Cu over 5 m (211–216 m).
• Equivalent Grades: Calculated using $3,000/oz Au, $4.00/lb Cu, $30/oz Ag with 80 % recovery; e.g., CAM25‑009 AuEq up to 2.97 g/t and CuEq up to 3.25 %.
• Geophysical Correlation: Copper mineralization in CAM25‑009 aligns with chargeability highs on the shoulder of a moderate magnetic anomaly, establishing a new targeting criterion.
• Alteration & Mineralogy: Predominant pyrite over chalcopyrite suggests drilling has not yet intersected the core of the porphyry; peripheral signatures indicate potential for higher‑grade zones at depth.
• Future Plans: 2026 program will focus on high chargeability (>27 mV/V) targets using advanced vectoring to test deeper extensions of the system.
• Investor Outreach: Core from CAM25‑009 displayed at PDAC booth #2412B (March 3‑4, 2026).

Notable Quotes

“Through the diligent efforts of our Board, Technical Advisory Committee and Equity Exploration we have discovered a copper- and gold-mineralized alkalic porphyry system with 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.