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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

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Prospector Metals (OTCQB: PMCOF) reported final assays for 12 drill holes at the Skarn Ridge - Bueno trend on October 20, 2025, extending the corridor to at least 1.5 km in drilling and suggesting ~2.0 km by surface mapping. Key intercepts include 61.45 g/t Au over 1.9m, 141 g/t Au over 0.5m, and 2.97 g/t Au over 25m. Significant copper was also returned, including 0.72% Cu over 41.15m. Surface grabs yielded up to 109 g/t Au. Drill results have been released for 24 of 39 holes; remaining assays and follow-up drilling on the 4 km gap to the TESS Zone are planned.

Prospector Metals (OTCQB: PMCOF) ha riportato gli ultimi assaggi per 12 fori di perforazione nella tendenza Skarn Ridge - Bueno il 20 ottobre 2025, estendendo il corridoio a almeno 1,5 km in perforazione e suggerendo ~2,0 km tramite mappatura superficiale. I principali intercept includono 61,45 g/t Au su 1,9 m, 141 g/t Au su 0,5 m, e 2,97 g/t Au su 25 m. Significativo anche il rame riportato, tra cui 0,72% Cu su 41,15 m. Campioni superficiali hanno dato fino a 109 g/t Au. I risultati di perforazione sono stati pubblicati per 24 dei 39 fori; restano da pubblicare i dati degli assaggi rimanenti e sono previsti sondaggi di follow-up sul vuoto di 4 km verso la Zona TESS.

Prospector Metals (OTCQB: PMCOF) reportó los resultados finales de 12 perforaciones en la tendencia Skarn Ridge - Bueno el 20 de octubre de 2025, ampliando el corredor a al menos 1,5 km en perforación y sugiriendo ~2,0 km por cartografía de superficie. Interceptos clave incluyen 61,45 g/t Au sobre 1,9 m, 141 g/t Au sobre 0,5 m, y 2,97 g/t Au sobre 25 m. También se obtuvo cobre significativo, incluyendo 0,72% Cu sobre 41,15 m. Muestreos de superficie arrojaron hasta 109 g/t Au. Los resultados de perforación se han publicado para 24 de 39 hoyos; quedan por publicar los ensayos restantes y el perforado de seguimiento en el hueco de 4 km hacia la Zona TESS.

Prospector Metals (OTCQB: PMCOF)Skarn Ridge - Bueno 트렌드의 12개 굴착 구간에 대한 최종 분석치를 2025년 10월 20일 발표했고, 시추로 최소 1.5km의 구간을 확장했으며 표면 매핑으로 약 2.0km를 시사했다. 주요 인터섹트로는 61.45 g/t Au over 1.9m, 141 g/t Au over 0.5m, 2.97 g/t Au over 25m가 포함된다. 상당한 구리도 회수되었으며 0.72% Cu over 41.15m를 포함한다. 표면 채취 샘플은 최대 109 g/t Au를 보였다. 39개 구멍 중 24개에 대한 시추 결과가 발표되었으며, 남은 결과와 TESS 존까지의 4km 간격의 후속 시추가 계획되어 있다.

Prospector Metals (OTCQB : PMCOF) a annoncé les résultats finaux pour 12 forages dans la tendance Skarn Ridge - Bueno le 20 octobre 2025, élargissant le corridor à au moins 1,5 km en forage et suggérant environ 2,0 km par cartographie de surface. Les intercepts clés incluent 61,45 g/t Au sur 1,9 m, 141 g/t Au sur 0,5 m, et 2,97 g/t Au sur 25 m. Un copper important a également été retourné, incluant 0,72% Cu sur 41,15 m. Des échantillons de surface ont donné jusqu'à 109 g/t Au. Les résultats de forage ont été publiés pour 24 des 39 trous; les résultats restants et le forage de suivi sur l’écart de 4 km jusqu’à la Zone TESS sont prévus.

Prospector Metals (OTCQB: PMCOF) meldete am 20. Oktober 2025 endgültige Ergebnisse von 12 Bohrlöchern in der Skarn Ridge - Bueno-Trends und erweitert den Korridor auf mindestens 1,5 km im Bohrprofil und deutet durch Oberflächenkartierung auf etwa 2,0 km hin. Wichtige Intercepts umfassen 61,45 g/t Au über 1,9 m, 141 g/t Au über 0,5 m und 2,97 g/t Au über 25 m. Signifikanter Kupfer wurde ebenfalls zurückgemeldet, einschließlich 0,72% Cu über 41,15 m. Oberflächenproben ergaben bis zu 109 g/t Au. Bohrergebnisse wurden für 24 von 39 Löchern veröffentlicht; verbleibende Ergebnisse und Folgebohrungen in der 4 km langen Lücke zur Zone TESS sind geplant.

Prospector Metals (OTCQB: PMCOF) أبلغت عن النتائج النهائية لـ12 حفرًا في اتجاه Skarn Ridge - Bueno في 20 أكتوبر 2025، مع تمديد الممر إلى ما لا يقل عن 1,5 كم في الحفر وإشـــارة نحو نحو 2,0 كم من خلال الخرائط السطحية. تشمل التقاطعات الرئيسية 61,45 g/t Au على 1,9 م، 141 g/t Au على 0,5 م، و2,97 g/t Au على 25 م. كما تم الرجوع إلى كميات Cu كبيرة، بما في ذلك 0,72% Cu على 41,15 م. أظهرت عينات السطح حتى 109 g/t Au. تم إصدار نتائج الحفر لـ24 من أصل 39 بئراً؛ بينما يتم نشر نتائج التحاليل المتبقية والحفر المتابع في فجوة طولها 4 كم نحو منطقة TESS بجدول مخطط.

Prospector Metals (OTCQB: PMCOF)Skarn Ridge - Bueno 趋势的 12 个钻孔最终分析于 2025 年 10 月 20 日公布,钻孔走廊扩展至至少 1.5 公里,通过地表作图推测约 2.0 公里。关键截取包括 61.45 g/t 金,1.9 m141 g/t 金,0.5 m,以及 2.97 g/t 金,25 m。还回报了显著铜品位,包括 0.72% Cu,41.15 m。地表样品最高达 109 g/t 金。目前已公布 39 根钻孔中的 24 根的钻探结果;剩余的化验结果和在通往 TESS 区的 4 公里间隙上的后续钻探计划中。

Positive
  • Skarn Ridge corridor traced >1.5 km in drilling
  • High-grade assays: 61.45 g/t Au over 1.9m
  • Very high-grade sample: 141 g/t Au over 0.5m
  • Near-continuous gold: 2.97 g/t Au over 25m (ML25-014)
  • Significant Cu intercept: 0.72% Cu over 41.15m
  • Surface grabs up to 109 g/t Au
Negative
  • 15 drill holes pending assay release (39 total planned, 24 reported)
  • Highest-grade gold intercepts are very narrow (0.5–1.9m)
  • One hole (ML25-015) lost before reaching target depth
  • 4 km gap between Skarn Ridge and TESS remains largely unexplored

Surface Mapping and Sampling Extends Skarn Ridge Corridor an Additional 750m Along Trend: High-Grade Grab Samples Yield 57.8 g/t Au and 109 g/t Au

Skarn Ridge is Located 4 kilometres Southwest of the Recently Discovered TESS Zone. The Gap Between These Two Zones Remains Largely Unexplored

Vancouver, British Columbia--(Newsfile Corp. - October 20, 2025) - Prospector Metals Corp. (TSXV: PPP) (OTCQB: PMCOF) (FSE: 1ET) ("Prospector" or the "Company") today announced final assay results for 12 drill holes from the Skarn Ridge - Bueno Trend (ML25-12 to 23). The Skarn Ridge - Bueno Corridor can now be traced in drilling for at least 1.4 kilometres and new mapping and prospecting results suggest it extends at least 2.0 kilometres. Skarn Ridge is located 4 kilometres to the southwest of the recently discovered TESS Zone. This 4km gap has yielded some high grade gold surface samples in limited work to date (Figure 1) but remains largely unexplored.

Drill results have now been released for 24 of 39 holes drilled property-wide in 2025. Results remaining are from holes drilled at Skarn Ridge (8 holes), Bueno (4 holes), TESS - North Vein area (1 hole), Fishbowl (1 hole) and Lorrie (1 hole).

Rob Carpenter, Ph.D., PGeo., President, CEO and Co-Chairman of Prospector, stated: "Skarn Ridge represents a wide structural corridor hosting multiple, parallel trending gold zones which are dipping near vertical. These zones are open along trend and at depth. Skarn Ridge is a distinct zone from our newly discovered TESS Zone, separated by a 4-kilometre gap that will be further evaluated in our next phase of exploration. Our maiden drill program in 2025 has successfully identified numerous high-grade gold trends across the claim block suggesting the presence of a district-scale mineralizing system."

Key Point Summary

  • The Skarn Ridge - Bueno Corridor can now be traced in drilling for at least 1.5 kilometres and new mapping and prospecting results suggest it extends at least 2.0 kilometres. Drill results include 2.97 g/t Au over 25m from 137m downhole (ML25-014), 61.45 g/t Au over 1.9m from 21.9m downhole plus 4.64 g/t Au over 10m from 51m downhole (ML25-022), and 141 g/t Au over 0.5m from 63.75m downhole (ML25-023).
  • Significant intervals of Copper (Cu) were also intersected at Skarn Ridge including 0.72% Cu over 41.15m from 83m downhole (ML25-012), 0.61% Cu over 20m from 108m downhole (ML25-013), and 0.54% Cu over 14.45m from 166m downhole (ML25-019).
  • New prospecting results along the projected extension of Skarn Ridge have yielded up to 57.8 g/t Au and 109 g/t Au from grab samples. Additional surface prospecting results from the TESS area are pending.
  • The next phase of exploration will include follow up drilling on both the TESS-Java and Skarn Ridge-Bueno discovery areas, as well as further exploration of the prospective 4km gap between these zones.

Skarn Ridge - Bueno Trend Interpretation 
The assays received to date and visual observations from pending holes confirm that gold mineralization from Skarn Ridge to Bueno is hosted within a series of north-northeast trending, steeply dipping, structural zones and associated splays. Individual mineralized trends range from 1-2m wide up to 44m wide and can be traced in multiple drill holes (i.e. ML-10-13 and 22-23). The corridor has now been traced over 1.5km along strike and have over 600m of vertical continuity. The 2025 drilling at Skarn Ridge - Bueno successfully confirmed key structural interpretations for the ML project resulting in a new exploration model that can be applied project-wide.

Within the structural corridors, gold mineralization is noted in every rock type on the Skarn Ridge-Bueno Trend and is best developed within strongly fractured/brecciated calc-silicate altered and/or iron rich units, and along lithologic contacts. The gold mineralization is, locally, coincident with significant copper mineralization, however, the gold and copper mineralizing events appear to be independent of each other. Gold is focused within structural corridors and is strongly associated with bismuth and tellurium mineralization, whereas copper is more broadly distributed and only occurs within strongly calc-silicate altered units.

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Figure 1: ML Property Target Areas

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Skarn Ridge
A total of 2,976.84m over 18 drill holes were completed on the Skarn Ridge target. To date, results have been received for ten holes; including previously announced results on ML25-10 & -011(1). The holes were designed to test previously unrecognized north-northeast trending structural controls associated with historically reported gold-copper mineralization on the target (Figure 1).

ML25-012 & -013 were drilled from the same location 52m north of ML25-010 & -011. Both holes were drilled at a 300o azimuth and -45o and -60o dips, respectively. Both holes intersected a broad, up to 150m, zone of calc-silicate altered siltstone and marl with disseminated to fracture controlled pyrrhotite-arsenopyrite-chalcopyrite mineralization and anomalous gold and copper values. The most significant mineralization is associated with zones of increased fracturing, veining, and brecciation and include 12.5m of 0.735 g/t Au & 0.26% Cu from 16.5m depth and 5m of 2.13 g/t Au & 0.99% Cu from 85m depth in ML25-012. The lower 5m zone of Au mineralization occurs within a broader interval of significant Cu mineralization of 41.15m of 0.72% Cu from 83m depth; incl. 3.25m of 2.19% Cu from 120.9m depth. Mineralization in ML25-013 includes 4m of 1.11 g/t Au from 17m depth, 12.02m of 1.84 g/t Au & 0.42% Cu from 39.98m depth, and 3m of 1.49 g/t Au & 1.04% Cu from 124m depth. Similar to ML25-012, the lower gold intercept is contained within a broader zone of copper mineralization of 20m of 0.61% Cu from 108m depth: incl. 8m of 1.06% Cu from 117m depth.

ML25-014 & -015 were drilled from the same location 232m east of ML25-012 & -013. Both holes were drilled at a 300o azimuth and -45o and -52o dips, respectively. ML25-014 returned 25m of 2.97 g/t Au from 137m depth; incl. 3m of 19.56 g/t Au from 137m depth. The mineralization is associated with disseminated to fracture controlled arsenopyrite - pyrrhotite (+/- chalcopyrite) mineralization within strongly calc-silicate altered siltstone/sandstone and mafic sills. The most significant gold mineralization corresponds to a structural zone associated with increased fracturing/veining and brecciation, multiple generations of arsenopyrite mineralization, and coarse Bi-Te minerals. ML25-015 was designed to undercut the high-grade mineralization in ML25-014, but the hole was lost before reaching target depth.

ML25-019 & -020 were drilled from the same location, 250m south of ML25-010 & -011. Both holes were drilled at a 300o azimuth and -45o and -60o dips, respectively, and intersected three subvertical zones of gold and copper mineralization. Gold values were consistently anomalous across the zones with the best values returning from ML25-020 and include 1.9m of 9.91 g/t Au from 128.1m depth and 5m of 1.88 g/t Au from 147m depth. Additionally, both holes returned significant copper intercepts in the lowest zone and include 14.45m of 0.54% Cu from 166m depth; incl. 1.45m of 1.28% Cu from 179m depth from ML25-019 and 26m of 0.35% Cu from 220m depth; incl. 5m of 0.73% Cu from 240m depth from ML25-020. It should also be noted that the lower Cu-Au zone is along the projection of mineralized structures intersected in ML25-010 to -013 to the north.

ML25-022 & -023 were drilled from the same location 38m south of ML25-010 & -011. Both holes were drilled at a 300o azimuth and -45o and -70o dips, respectively. Both holes intersected broad zones (up to 90m of strongly calc-silicate altered siltstone, marl, and gabbro. ML25-022 returned multiple discreet intercepts including 4m of 1.43 g/t Au & 0.29% Cu from 9m depth, 1.9m of 61.45 g/t Au & 0.34% Cu from 29.1m depth, 5.05m of 1.98 g/t Au from 38.95m depth, and 10m of 4.64 g/t Au & 0.41% Cu from 51m depth; incl. 6m of 6.84 g/t Au & 0.53% Cu from 53m depth. ML25-023 also returned multiple intercepts including 9m of 1.10 g/t Au & 0.17% Cu from 26m depth, 0.5m of 141 g/t Au from 63.75m depth, and 7m of 2.01 g/t Au & 0.65%Cu from 83m depth). The intervals from both holes are correlated and confirm subvertical structural controls on gold mineralization on the Skarn Ridge target.

Table 1: Summary of Skarn Ridge Drill Intercepts

Hole IDFrom (m)To (m)Interval (m)Au (g/t) Cu (%)Ag (g/t)
ML25-01044.0089.6545.652.110.488.56
Incl51.0061.0010.004.370.266.14
Incl71.0088.0017.002.640.8815.00
ML25-01131.0054.0023.000.700.529.48
Incl.40.0044.004.001.850.8817.75
And91.00102.0011.001.060.6811.82
And84.0097.9013.90
0.9415.74
ML25-01216.5029.0012.500.7350.265.18
Incl. 22.0027.005.001.060.234.78
And83.00109.0026.000.570.7312.28
Incl.85.0090.005.002.130.9936.32
Within83.00124.1541.15 - 0.7212.25
Incl120.90124.153.25 - 2.1936.32
ML25-01317.0021.004.001.110.143.30
And39.9852.0012.021.840.428.80
Incl.50.0252.001.986.571.2828.98
And124.00127.003.001.491.0417.59
Within108.00128.0020.00 - 0.6110.71
Incl.117.00125.008.00 - 1.0617.96
ML25-014137.00162.0025.002.97 - -
Incl.137.00140.003.0019.56 - -
Incl.138.50140.001.5037.40 - -
ML25-01593.0094.001.001.250.222.94
ML25-019125.50126.400.900.1321.2721.30
And158.50160.552.050.5110.6913.79
And166.00180.4514.45 - 0.5410.57
Incl.179.00180.451.45 - 1.2826.42
ML25-020128.10130.001.909.91 - -
And147.00152.005.001.88 - -
And240.00245.005.000.930.7312.29
ML25-0229.0013.004.001.140.29 -
And29.1031.001.9061.450.34 -
Incl.30.0031.001.001090.4317.60
And38.9544.005.051.980.12 -
And51.0061.0010.004.640.41 -
Incl.53.0059.006.006.840.53 -
ML25-02326.0035.009.001.430.173.96
And63.7564.250.50141 - 27.40
And83.0090.007.002.010.6514.30

 

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Figure 2: Plan map of 2025 drilling on Skarn Ridge

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Figure 3: Cross-sections of ML25-012/-013 (top), ML25-010/-011 (middle), and ML25-022/-023 (bottom)

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Figure 4: Cross-section of ML25-014

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Bueno
A total of 2,322.27m over 13 drill holes were completed on the Bueno target. To date results have been received for ten holes, including previously announced holes ML25-001 to -006(1). Gold and/or mineralization was intercepted within all holes received to date and correspond to a series of NNE trending structural zones cutting calc-silicate to hornfels altered shale, sandstone, siltstone, and mafic sills/dikes with disseminated to vein controlled pyrrhotite, pyrite, chalcopyrite, arsenopyrite, and, locally, Bi-Te mineralization.

The most significant mineralization from the new results were returned from ML25-018 and ML25-021. ML25-018 is in the T4 area at the southern end of the Bueno target and is a 40m step-out to the south of previously announced mineralization intercepted in ML25-005 / -006. The hole was drilled at an azimuth of 300 and dip of -50 and returned 4.75m of 1.18 g/t Au & 0.61% Cu from 24.20m depth. ML25-021 is in the T6 area, 285m northeast of T4, and returned 1m of 9.66 g/t Au from 121m depth. The hole was drilled at an azimuth of 300 and dip of -45 and was targeting gold copper mineralization reported within a historic trench.

Table 2: Summary of Bueno Drill Intercepts

Hole IDFrom (m)To (m)Interval (m)Au g/t Cu %
ML25-00112.0013.001.001.66-
And25.5027.001.500.95-
And115.00116.001.005.53-
And179.00181.002.000.81-
ML25-00242.0061.0019.00-0.24
Incl.58.0061.003.00-0.56
ML25-003193.00194.001.001.90-
ML25-00489.0090.701.70-1.47
And100.00101.001.002.420.17
And111.00115.004.00-0.22
ML25-0056.1013.006.903.07-
Incl8.009.501.508.22-
And39.4840.561.083.41-
ML25-0063.005.002.001.19-
And19.9121.001.090.131.24
And60.3061.110.8126.15-
ML25-01664.3071.206.90 - 0.48
And81.0086.505.50 - 0.34
ML25-01824.2028.954.751.180.61
ML15-021117.50125.508.001.850.16
Incl.121.00122.001.009.660.13

 

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Figure 5: Plan Map of 2025 Bueno drilling

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Prospecting Results
Results for 73 rock grab and chip samples have been received from prospecting and geological mapping activities across the ML Property. The results ranged from trace to 109 g/t Au, trace to 136 g/t Ag, trace to 0.64% Cu, trace to 2.93% Pb, and trace to 2.42% Zn. Grab samples are selected sampled and may not be representative of underlying mineralization. Results for an additional 29 samples are pending and includes sampling conducted on trend of the new Tess Zone discovery. Highlights of prospecting results received to date are summarized below:

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Figure 6: ML Property Target Areas with 2025 Rock Samples

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Skarn Ridge
A total of 25 samples were collected from the Skarn Ridge target area and include samples up to 12.8 g/t Au. The 12.8 g/t Au sample was collected from outcrop on the ridgeline at the northeastern margin and consisted of strongly calc-silicate altered sandstone with fine grained disseminated arsenopyrite-chalcopyrite and NE and EW oriented, arsenopyrite filled veins and fractures. This is significant because the sampling was conducted beyond the limits of 2025 drilling and indicate the potential for additional mineralized structures in the Skarn Ridge area.

Rubble
Three samples from outcrop/subcrop of intrusive with E-W trending, subvertical, sheeted quartz-tourmaline-arsenopyrite veins were collected from the ridgeline on the SE margin of the Rubble target. The samples returned values of 0.395 g/t Au, 1.89 g/t Au, and 10.4 g/t Au and demonstrates a minimum of 400m of vertical continuity of mineralization on the target. Future work on the target will focus on vectoring in on areas with the highest vein densities for potential drill targeting.

Rubble North
Seven samples were collected from a previously unexplored area north of Rubble Lake and returned samples of 57.8 g/t Au and 109 g/t Au from strongly silicified and brecciated siliciclastic rocks with quartz - arsenopyrite veins and, locally, massive arsenopyrite. The sample are associated with strongly elevated As, Bi, and Te. The area lies approx. 750m north of Skarn Ridge and was targeted based on the projection of mineralized structures on Skarn Ridge to the NNE. This is significant because it demonstrates the potential for both strong vertical and lateral continuity on mineralized structural trends and highlights the potential for new discovery's in previously un/under explored portions of the property.

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Figure 7: Bueno - Skarn Ridge - Rubble 2025 Rock Samples

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2025 ML Drill Program
The 2025 drill program on the ML Property has been completed and includes 39 holes over 6648.91 m, testing seven target areas (Table 3). The program was completed on budget, finishing 1648.91m higher than the originally planned 5,000 program. To date, assays have been received for 24 of the 39 holes and include ML25-012 to 23 discussed above as well as previously released results on the North Vein - Tess, Skarn Ridge, Bueno, Rubble, and Java target areas. Analysis results for individual samples received to date range from trace to 379 g/t Au, from trace to 283 g/t Ag, and from trace to 11.70% Cu. The reported intervals are drilled widths and there is not currently enough data to accurately determine true thickness.

Table 3: Summary of ML 2025 Drilling by Target Area

Target# of HolesMeters Drilled
Bueno142325.32
Skarn Ridge182976.84
NV - Tess2315.01
Java2298.70
Rubble1281.94
Fishbowl1263.65
Lorrie1187.45
Total396648.91

 

Table 4: Drill Collar Locations for holes discussed in this release

TargetHole IDEasting NorthingElevation (m)AzimuthDip Depth (m)
SKRML25-0123576187129120188030045155.45
SKRML25-0133576187129120188030060188.98
SKRML25-0143578507129123187230045191.00
SKRML25-0153578507129123187230052161.54
BuenoML25-0163575207128205143431050173.74
BuenoML25-0173575207128205143431060149.35
BuenoML25-0183574767128188141930050202.69
SKRML25-0193575717128822170030045201.71
SKRML25-0203575717128822170030060248.41
BuenoML25-0213576717128444160030045175.26
SKRML25-0223575747129040184230045146.25
SKRML25-0233575747129040184230070114.30

 

(1) See the Companies News Release dated September 2, 2025.

Corporate Update
Since October 2nd Prospector has received gross proceeds of $2,388,924 through the exercise of 7,963,080 share purchase warrants. The new outstanding shares as of October 15th is 106,613,712.

Assay Methodology & QA/QC
The diamond drilling on the ML Property consisted of NTW size core and was cut in half on site using a diamond saw. One half of the core was submitted for analysis, and the other half was held as retention in the original core box. The analytical work on the ML project was performed by AGAT Labs, an internationally recognized analytical services provider, located in Calgary, Alberta. All rock and core samples were prepared using procedure 200-075 (Dry, crush to 70% passing 2mm, riffle split off 250g, pulverize split to better than 85% passing 75 microns) and analyzed by method 202-051 (30g fire assay with AAS finish) and 201-074 (multi-element analysis with aqua regia digest and ICP-OES/MS finish). Samples containing >10g/t Au were reanalysed using a 50g Fire Assay with a Gravimetric finish. Samples containing >100 ppm Ag and/or >1% Cu, Pb, & Zn were reanalyzed using a 4-acid digest and ore grade ICP-OES analysis.

The reported work was completed using industry standard procedures, including a quality assurance/quality control ("QA/QC") program consisting of the insertion of certified standard, blanks and duplicates into the sample stream. The Qualified Person has reviewed the data and detected no QA/QC issues.

Qualified Person
The technical content disclosed in this press release was reviewed and approved by Jodie Gibson, P.Geo., Vice President Exploration of Prospector, and a Qualified Person as defined under National Instrument NI 43-101 ("NI 43-101").

About Prospector Metals Corp.
Prospector Metals Corp. is a proud member of Discovery Group. The Company is focused on district scale, early-stage exploration of gold and base metal prospects. Creating shareholder value through new discoveries, the Company identifies underexplored or overlooked mineral districts displaying important structural and mineralogical occurrences similar to more established mining operations. The majority of acquisition activity occurs in Yukon and Ontario, Canada - Historical mining jurisdictions with an abundance of overlooked geological regions possessing high mineral potential. Prospector establishes and maintains relationships with local and Indigenous rightsholders and seeks to develop partnerships and agreements that are mutually beneficial to all interested parties.

On behalf of the Board of Directors,
Prospector Metals Corp.

Dr. Rob Carpenter, Ph.D., P.Geo.
President & CEO

For further information about Prospector Metals Corp. or this news release, please visit our website at prospectormetalscorp.com or contact Prospector at 1-778-819-5520 or by email at info@prospectormetalscorp.com.

Prospector Metals Corp. is a proud member of Discovery Group. For more information, please visit: discoverygroup.ca.

Forward-Looking Statement Cautions:
This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including, but not limited to,the Company's plans with respect to the Company's projects, including the ML Project, and the timing related thereto of the drill program, the merits of the Company's projects, the Company's objectives, plans and strategies, and other project opportunities. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective,", "strategy", "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the risk of accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, or the possibility that the Company may not be able to secure permitting and other agency or governmental clearances, necessary to carry out the Company's exploration plans, risk of political uncertainties and regulatory or legal changes in the jurisdictions where the Company carries on its business that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca for a more complete discussion of such risk factors and their potential effects.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271016

FAQ

What are the top assay highlights for PMCOF's October 20, 2025 Skarn Ridge release?

Highlights include 61.45 g/t Au over 1.9m, 141 g/t Au over 0.5m, and 2.97 g/t Au over 25m from Skarn Ridge drill holes.

How long is the Skarn Ridge - Bueno corridor traced by PMCOF drilling in 2025?

The corridor is traced for at least 1.5 km in drilling and surface mapping suggests approximately 2.0 km extent.

What copper results did PMCOF report at Skarn Ridge on October 20, 2025?

Notable copper intercepts include 0.72% Cu over 41.15m (ML25-012) and 0.61% Cu over 20m (ML25-013).

How many PMCOF drill holes remain outstanding after the October 20, 2025 release?

Assays have been released for 24 of 39 holes; 15 holes remain pending.

Will PMCOF follow up on the 4 km gap between Skarn Ridge and the TESS Zone?

Yes, the company plans follow-up drilling and further exploration of the largely unexplored 4 km gap between the two zones.

Are PMCOF's highest-grade gold intervals wide enough to indicate bulk mineralization?

The highest grades reported are narrow (e.g., 0.5–1.9m), while broader intervals like 25m at 2.97 g/t Au were also intersected.
Prospector Metals Corp

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