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PPP.V ·

Prospector Appoints CFO

Management Changes

Suite 1430 – 800 West Pender Street, Vancouver, BC V6C 2V6

Prospector Appoints CFO

Vancouver, BC October 28, 2022 P rospector Metals Corp. (“Prospector” or the “ Company”)

(TSXV: PPP; OTCQB: ETHOF; Frankfurt: 1ET) announces the appointment of Alex Heath, CFA as

Chief Financial Officer of the Company. Alex has a B.Com. with honours from the University of British

Columbia and is a CFA Charterholder and is the current president, CEO and a director of the Company.

The Board of Directors of Prospector wishes to thank outgoing CFO, Robert Scott, for his services and

wishes him success in his other current endeavours.

About Prospector Metals Corp.

Prospector Metals Corp. is a Discovery Group Company with a business model focussed on district

scale, early-stage exploration of gold and base metal prospects and create shareholder value through

new discoveries. The Company’s focus is to identify underexplored or overlooked mineral districts

which display important structural and mineralogical similarities with well-endowed mining camps. The

majority of the projects acquired by Prospector occur in Ontario, Canada, which is a tier -1 mining

jurisdiction with abundant overlooked geological regions with high mineral potential. Prospector

engages proactively with local and Indigenous rightsholders and seeks to develop relationships and

agreements that are mutually beneficial to all stakeholders.

On behalf of the Board of Directors,

Prospector Metals Corp.

Alex Heath, CFA

President & CEO

For further information about Prospector Metals Corp. or this news release, please visit our website at

prospectormetalscorp.com or contact Alex Heath at 604- 354-2491 or by email at

[email protected].

Prospector Metals Corp. is a proud member of Discovery Group. For more information please visit:

discoverygroup.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that ter m is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release.