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PPP.V ·

Prospector Appoints Dr. Rob Carpenter as CEO

Management Changes

Suite 1012 – 1030 West Georgia Street, Vancouver, BC V6E 2Y3

Prospector Appoints Dr. Rob Carpenter as CEO

Vancouver, BC. September 14, 2023: Prospector Metals Corp. (“Prospector” or the “Company”)

(TSXV: PPP; OTCQB: PMCOF; Frankfurt: 1ET0) is pleased to announce that it has appointed Dr. Rob

Carpenter, Ph.D., P.G e o, to the position of President and CEO, with Alex Heath remaining as CFO and

Director.

Stated Rob Carpenter, “I would like to thank Alex Heath for his stewardship of the c ompany and look

forward to continuing to work together as we build Prospector. I strongly believe in our team’s ability

to make a significant discovery as we pursue our focus on Ni -Cu-PGE projects in under -explored

regions.”

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.

Dr. Rob Carpenter, P.Geo.

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

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 th ereto, 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 age ncy or governmental clearances, necessary to carry out the Company’s

exploration plans, risks and uncertainties related to the COVID-19 pandemic and the risk 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 Analysis and Retrieval

(SEDAR) at www.sedar.com 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.