Prospect Ridge Announces Board Resignation

Rhea-AI Summary

Prospect Ridge (CSE:PRR / OTCQB:PRRSF) announced that board member Brad Scharfe resigned effective May 7, 2026, after four years of service.

The company thanked Mr. Scharfe for his contributions and leadership and wished him success as he pursues other business interests.

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VANCOUVER, BC / ACCESS Newswire / May 8, 2026 / Prospect Ridge Resources Corp. (the "Company" or "Prospect Ridge") (CSE:PRR)(OTCQB:PRRSF)(FRA:OED) announces that Mr. Brad Scharfe has resigned from the Company's Board of Directors, effective May 7, 2026, to pursue other business interests.

The Company thanks Mr. Scharfe for his valuable contributions, leadership, and commitment during his four years of service on the Board and wishes him continued success in his future endeavors.

About Prospect Ridge Resources Corp.

Prospect Ridge Resources Corp. is a British Columbia-based exploration and development company focused on critical metals and gold. Led by a management and technical team with over 100 years of combined mineral exploration experience, Prospect Ridge is dedicated to advancing its portfolio of properties in the Golden Horseshoe and Cariboo regions of north-central British Columbia that have the potential to become the next large copper/gold porphyry discovery across this vastly under-explored region.

Contact Information

Prospect Ridge Resources Corp.
Mike Iverson - Chairman, Director
Email: mike@miverson.ca

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

This release includes certain statements and information ("FLI") that may constitute forward-looking information within the meaning of applicable Canadian securities laws. FLI relates to future events or future performance and reflect the current expectations or beliefs of the Company's management. Anything that is not historical fact is FLI. Generally, FLI can be, without limitation, identified by the use of forward-looking wording such as "plans", "intends", "believes", "expects", "anticipates" or "estimates", and statements or phrases that certain actions, events or results "may", "might", "could", "should" or "would" occur, and similar expressions. FLI is not historical fact, is made as of the date of this news release and includes, without limitation, statements and discussions of future plans, intentions, expectations, estimates and forecasts, and statements as to management's intentions and expectations with respect to, among other things, positive exploration results at the Camelot, Holy Grail/Knauss Creek, Castle or Excalibur Projects. FLI involves numerous risks and uncertainties, and are based on assumptions, and actual results might differ materially from results suggested in any FLI. These risks and uncertainties include, among other things, the availability of financing to continue exploration activities, the availability and cost of qualified exploration personnel and service providers, and that future exploration results at the Camelot, Holy Grail/Knauss Creek, Castle or Excalibur Projects will not be as anticipated. In making any FLI in this news release, the Company has applied several material assumptions, including without limitation, that future exploration results at the Camelot, Holy Grail/Knauss Creek, Castle or Excalibur Projects will be as anticipated. Although management has endeavored to evaluate and use reasonable assumptions and to identify important factors that could cause actual results to differ materially from those contained in FLI, these assumptions may prove incorrect and there may be other factors that cause results not to be as intended, expected, anticipated or estimated. There can be no assurance that FLI will prove to be accurate, and actual results and future events could differ materially from those expressed in FLI. Accordingly, readers should not place undue reliance on FLI, and are further cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any FLI expressed or incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

SOURCE: Prospect Ridge Resources Corp.

View the original press release on ACCESS Newswire

FAQ

Who resigned from the Prospect Ridge board and when did the resignation take effect (PRRSF)?

Brad Scharfe resigned from the board, effective May 7, 2026. According to Prospect Ridge, Mr. Scharfe stepped down to pursue other business interests after four years of service and the company publicly thanked him for his contributions.

How long did Brad Scharfe serve on Prospect Ridge's board before resigning (PRRSF)?

Brad Scharfe served on the board for four years. According to Prospect Ridge, his tenure included leadership and contributions the company acknowledged in its May 8, 2026 announcement.

Will Brad Scharfe's resignation from Prospect Ridge (PRRSF) trigger any immediate board changes?

The announcement did not specify immediate board replacements or changes. According to Prospect Ridge, the release only confirmed Mr. Scharfe's resignation and expressed thanks, without detailing succession or board appointments.

Did Prospect Ridge (PRRSF) state the reason for Brad Scharfe's resignation on May 7, 2026?

The company said Mr. Scharfe resigned to pursue other business interests. According to Prospect Ridge, the resignation was voluntary and the company thanked him for his leadership and service over four years.

How might Brad Scharfe's May 7, 2026 resignation affect Prospect Ridge investors (PRRSF)?

The release did not describe direct financial effects or guidance changes for investors. According to Prospect Ridge, the notice focused on the resignation and appreciation for Mr. Scharfe rather than operational or financial impacts.