Prosper Gold Corp. Continues Ashley Gold Mine Option
February 22, 2017 TSXV: PGX
NEWS RELEASE
Prosper Gold Corp. Continues Ashley Gold Mine Option
Quesnel, British Columbia – February 22, 2017 – Prosper Gold Corp. (“Prosper Gold” or the “Company”)
(TSXV:PGX) announces that it has fulfilled the third stage of the previously announced option agreement
for the Ashley Gold Mine Property (the “Property”) (See February 29, 2016 news release).
The Company has paid $80,000 and issued 200,000 Prosper Gold common shares to the Optionors. Prosper
Gold intends to continue to advance the Property with an objective of fulfilling additional obligations that
would increase the Company's interest in the Property to 100%.
Pete Bernier, President and CEO, commented, "Prosper completed comprehensive airborne and soil
geochemistry surveys as well as 8,715m of diamond drilling in Phase 1. Details of Phase 2’s fully funded
10,000m diamond drill program will be released in the coming weeks."
The Company has granted an aggregate of 100,000 incentive options (the "Options") to purchase common
shares of Prosper Gold to an employee of the Company. The Options are exercisable at a price of $0.20 per
common share until five years from the date of grant.
The Options are granted pursuant to the Company's stock option plan. The grant of the Options is subject
to the final approval of the TSX Venture Exchange.
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.
Office: (250) 992-6644
Email: [email protected]
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
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such as "anticipate", "believe", "plan", "estimate", "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 terms
of the Option Agreement, exploration potential of the Property and planned exploration of the Pro perty 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 events, to be materially dif ferent 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; the Company's ability to satisfy conditions pre cedent under the Option Agreement;
operational risks associated with mineral exploration; fluctuations in commodity prices; title matters;
environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest
among 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 our interim and most recent annual financial statement 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.