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PPP.V ·

Prospector Appoints Jodie Gibson, P.Geo. to role of Vice President Exploration

Management Changes

Suite 1020 – 800 West Pender Street, Vancouver, BC V6C 2V6

Prospector Appoints Jodie Gibson, P.Geo. to role of

Vice President Exploration

Vancouver, BC – February 25, 2025, Prospector Metals Corp. (“Prospector” or the “ Company”)

(TSXV: PPP; OTCQB: PMCOF; Frankfurt: 1ET) is pleased to announce the immediate appointment of

Mr. Jodie Gibson, P.Geo. to the role of Vice President Exploration.

“Jodie and I have worked together on multiple projects over the past 15 years, and he is a valuable

addition to our Prospector team”, stated Rob Carpenter, Co-Chairman and CEO of Prospector Metals

Corp. “He has had a pivotal role in many important gold discoveries in Yukon during his career and his

experience and passion for exploration will benefit our team greatly. He will be leading our proposed

2025 drill program on our flagship ML project this coming summer, and I'm excited to be working with

him again."

Mr. Gibson is a professional geologist with over 18 years mineral exploration experience throughout

the North American Cordillera from Alaska to Mexico, Newfoundland, Greenland, and the southeast

US. His work has focused on epigentic to sygentic precious and base metals systems from target

idenitification to resource definition. A significant portion of his work has been focused on the Yukon

starting in 2009 as Project Manager of the Underworld Resources Inc. exploration team that discovered

and defined the Golden Saddle and Arc deposits. These assets were subsequently sold to Kinross in

2010 for $139 million. Mr. Gibson also served as Vice President Exploration for White Gold Corp where

he oversaw over $30 million in exploration activities with highlights including the expansion of the

Golden Saddle and Arc deposits and five new discoveries across the White Gold district. Mr. Gibson

was recognized as the 2020 Yukon Prospector of the Year, and is currently serving as Chief Geologist

for K2 Gold Corp. and Sitka Gold Corp. He is also a Director with Linear Minerals Corp. and a technical

advisor to Dolly Varden Silver Corp. Mr. Gibson holds a B.Sc. and M.Sc. in Geology from Indiana State

University and is a registered Professional Geoscientist with EGBC.

Jo Price has resigned from the role of Vice President Exploration in order to pursue other opportunities,

however she will remain part of the Prospector team in the role of Technical Advisor. The Company

appreciates her dedication and hard work as VPEx and wish her the best in her new ventures.

Stock Option Grant

The Company also announces that it has granted 560,000 incentive stock options to Officers and

consultants, including members of its technical team, at a price of $0.18. Each option is exercisable to

purchase one common share for up to 5 years in accordance with the terms of the Company’s omnibus

equity incentive plan and subject to TSX Venture Exchange acceptance.

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 – Tier-1 mining jurisdictions with

an abundance of overlooked geological regions possessing high mineral potential. Prospec tor

establishes and maintains relationships with local and Indigenous rightsholders and seeks to develop

partnerships and agreements that are mutually beneficial to all 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

[email protected]

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, statements regarding the Company’s plans with respect to the Company’s

projects and the timing related thereto, 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 and risks 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 Analysi s and Retrieval (SEDAR +) at www.sedar plus.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.