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PGX.V ·

Prosper Gold Corp. Appoints Technical Advisor

Management Changes

August 18, 2020 TSXV: PGX

NEWS RELEASE

Prosper Gold Corp. Appoints Technical Advisor

Vancouver, British Columbia – August 18, 2020 – Prosper Gold Corp. (“Prosper Gold” or the “Company”)

(TSXV: PGX) is pleased to announce that it has appointed Douglas Cater, P.Geo, FGC, President of D. F

Cater Consulting Geologist Ltd, as a technical advisor for the Company’s Golden Sidewalk & Skinner

projects (see the Company’s August 10th, 2020 news release).

Doug is a professional geologist with more than 35 years of experience in the exploration and mining of

precious metals including project management of exploration programs and mining projects. Mr. Cater

retired from his position as Vice-President Exploration of Kirkland Lake Gold Ltd. (2016 – 2019), and prior

to that he was Vice President Exploration of St Andrew Goldfields Ltd. (2012 – 2015). He has also been

the Project Manager for Sabina Gold & Silver Corporation’s Back River Gold project (2009-2012) and the

Exploration Manager for Dundee Precious Metals Inc. from August 2005 to June 2009.

“We are excited to have Doug join the Prosper Team as Technical Advisor. We believe his extensive

experience and success in exploration discovery and resource expansion will help unlock value at our gold

projects in Ontario,” said Peter Bernier, President & Chief Executive Officer. “We are eager to get to work

in Red Lake and believe Doug’s experience and knowledge will help greatly in planning our exploration

programs.”

About Prosper Gold Corp.

Prosper Gold is a mineral exploration company with a portfolio of properties in Ontario and British

Columbia. Prosper is currently focused on generating shareholder value through the advancement of its

Ontario projects.

For a detailed overview of Prosper Gold please visit www.ProsperGoldCorp.com

ON BEHALF OF THE BOARD OF DIRECTORS

Per: “Peter Bernier”

Peter Bernier

President & CEO

For further information, please contact:

Peter Bernier

President & CEO

Prosper Gold Corp.

Cell (250) 316-6644

Email: [email protected]

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Information set forth in this news release may involve forward -looking statements under applicable securities laws. Forward -

looking statements are statements that relate to future, not past, events. In this context, forward -looking statements often address

expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimat e",

"expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other

similar expressions. All statements, other than statements of historical fact, included herein including, without limitation,

statements about the planned exploration of the Gold en-Sidewalk & Skinner Projects, are forward -looking statements. By their

nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual

results, performance or achievements, or other future ev ents, to be materially different from any future results, performance or

achievements expressed or implied by such forward -looking statements. Such factors include, among others, the following risks:

the need for additional financing; operational risks ass ociated with mineral exploration; fluctuations in commodity prices; title

matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest amo ng

certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility

of our common share price and volume and the additional risks identified the management discussion and analysis section of ou r

interim and most recent annual financial statemen t or other reports and filings with the TSX Venture Exchange and applicable

Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions on

the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs,

estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are

cautioned against attributing undue certainty to forward-looking statements.

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.