Prospect Ridge Announces Resignation of President and Director
24549 – 53 Avenue
Langley, BC V2Z1H6
604-351-3351
010096000-00160105; 1
PROSPECT RIDGE ANNOUNCES RESIGNATION OF PRESIDENT AND DIRECTOR
Vancouver – March 27, 2025 – Prospect Ridge Resources Corp. (the "Company" or "Prospect
Ridge") (CSE: PRR) (OTC: PRRSF) (FRA: OED) announces that Mr. Yan Ducharme, P.Geo has
stepped down as President and Director of Prospect Ridge effective immediately in order to
pursue other business interests.
Len Brownlie, Ph.D., Chief Executive Officer, will assume the position of President effective
immediately.
Mike Iverson, Chairman of the Board states: “On behalf of the entire Company we would like to
genuinely thank Yan for his service to the Company over the last three years. His organizational
skills and attention to detail has benefited the Company and provided a very comprehensive
database that will allow us to advance our exploration at the Holy Grail and Knauss Creek projects
in the upcoming exploration season. We wish Yan the very best in his future endeavours.”
Contact Information
Prospect Ridge Resources Corp.
Mike Iverson - Chairman, Director
Email: [email protected]
About Prospect Ridge Resources Corp.
Prospect Ridge Resources Corp. is a British Columbia based exploration and development
company focused on gold and critical metals exploration. Prospect Ridge’s management and
technical team collectively have over 100 years of experience in mineral exploration and believes
the Knauss Creek and the Holy Grail properties have the potential to extend the boundaries of
the Golden Triangle into this vastly under-explored region.
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”,
24549 – 53 Avenue
Langley, BC V2Z1H6
604-351-3351
010096000-00160105; 1
“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 Knauss Creek and
Holy Grail 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 Knauss Creek and Holy Grail 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 Knauss Creek and Holy Grail 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.