Prospector signs definitive agreement to option Savant Gold Project to BeMetals Corp.
Suite 1020 – 800 West Pender Street, Vancouver, BC V6C 2V6
Prospector signs definitive agreement to option
Savant Gold Project to BeMetals Corp.
Vancouver, BC August 12, 2025 Prospector Metals Corp. (“ Prospector ” or the “ Company ”) (TSXV: PPP ;
OTCQB: PMCOF ; Frankfurt: 1ET0 ) is pleased to announce that it has signed a definitive option agreement
(the “ Agreement ”) with BeMetals Corp . (TSXV: BMET , OTCQB: BMTLF , Frankfurt: 1OI.F ) (“ BeMetals ”) to
option up to a 100% interest in the Savant Gold Exp loration Project (“ Savant ” or the “ Project ”), located
in a highly prospective gold district in northwestern Ontario, Canada.
This definitive agreement formalizes the terms set out in the non-binding Letter of Intent (LOI) previously
announced on July 10, 2025. The Savant Project covers approximately 232 km² of underexplored terrain
with favorable iron formation geology, situated nea r major past and present producers including the
Musselwhite and Red Lake gold mines. Under the agreement, BeMetals has the exclusive option to earn
up to a 100% interest in the Savant Project over a five-year period by meeting certain money-in-the-
ground focused exploration, and mineral resource discovery-based success payments.
Highlights of the Agreement
• Initial Commitment: BeMetals will spend at least C$500,000 on explorat ion within first year of
signing the definitive agreement.
• Annual Expenditures: BeMetals must spend C$500,000 annually on exploration, with the option
to accelerate spending, for minimum cumulative exploration spending of $2.5 Million.
• NI 43-101 Technical Report Supported Mineral Resources & Ownership: BeMetals will provide a
NI 43-101 compliant Technical Report to support the mineral resources to determine the
following ownership criteria:
o <500,000 ounces of gold (“oz”): Prospector retains 100% of the Project
o 500,000 or more oz of gold in the Inferred resource category: a 50/50 joint venture to be
formed
o ≥1,000,000 oz of gold with ≥500,000 in the Indicate d resource category: BeMetals
acquires 100% ownership of the Project
• Success-Based Payment: BeMetals will pay Prospector US$5/oz of gold in th e mineral resource
supported by the Technical Report.
• NSR Royalty: If BeMetals acquires full ownership of the Project, a 0.5% NSR royalty will be granted
to Prospector.
Prospector expects to work closely with BeMetals in the coming weeks to design the 2025 exploration
program with the aim to identify and prioritize dri ll targets for a subsequent initial drilling campai gn in
2026.
Option Agreement with Cupani Metals Corp.
The Company also announces that it has signed an op tion agreement (the “ Cupani Agreement ”) with
Cupani Metals Corp. (“ Cupani ”) to option the 100% undivided interest in the Nem o Project (“ Nemo ”),
located in the highly prospective mining district in the province of Quebec, Canada.
In consideraEon for the exercise of the opEon pursu ant to the Cupani Agreement, Cupani will pay the
requisite renewal fees for the Nemo claims totallin g $52,965 and complete a minimum of $43,335 in
exploraEon work necessary to keep the claims in good standing.
Upon the exercise of the opEon under the Cupani Agr eement, Cupani will grant to the Company a
perpetual royalty (the “ Royalty” ) in respect of the products derived from Nemo equal to one-half of one
percent (0.5%) of net smelter returns on all minera ls produced from Nemo which can be repurchased
enErely for a one-Eme cash payment of $500,000 and issue to the Company 625,000 common share
purchase warrants (the “ Considera4on Warrants” and together with the Royalty, the “ Purchase Price” )
each enEtling the holder to acquire one common share of Cupani at an exercise price of $0.16 per share
and expiring three years from issuance, exercisable only aHer February 1, 2026.
Qualified Person
The technical content disclosed in this press release was reviewed and approved by Jodie Gibson, P.Geo.,
Vice President Exploration of Prospector, and a Qualified Person as defined under National Instrument NI
43-101 (“NI 43-101”).
About Prospector Metals Corp.
Prospector Metals Corp. is a proud member of Discovery Group. The Company is focused on district scale,
early-stage exploration of gold and base metal pros pects. Creating shareholder value through new
discoveries, the Company identifies underexplored o r overlooked mineral districts displaying important
structural and mineralogical occurrences similar to more established mining operations. The majority o f
acquisition activity occurs in Yukon and Ontario, C anada – Historical mining jurisdictions with an
abundance of overlooked geological regions possessing high mineral potential. Prospector establishes and
maintains relationships with local and Indigenous r ightsholders and seeks to develop partnerships and
agreements that are mutually beneficial to all interested parties.
On behalf of the Board of Directors,
Prospector Metals Corp .
Dr. Rob Carpenter, Ph.D., P.Geo.
President & CEO
For further information about Prospector Metals Cor p. or this news release, please visit our website a t
prospectormetalscorp.com or contact Prospector at 1-778-819-5520 or by emai l at
Prospector Metals Corp. is a proud member of Discov ery Group. For more information please visit:
discoverygroup.ca
Forward-Looking Statement Cautions:
This press release contains certain “forward-lookin g statements” within the meaning of Canadian securi ties
legislation, including, but not limited to, stateme nts regarding the Company’s plans with respect to t he Company’s
projects and the timing related thereto, 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 p rove 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 obligat ion 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 thes e forward-looking statements include the risk of ac cidents and
other risks associated with mineral exploration operations, the risk that the Company will encounter u nanticipated
geological factors, or the possibility that the Com pany may not be able to secure permitting and other agency or
governmental clearances, necessary to carry out the Company’s exploration plans, risk of political uncertainties and
regulatory or legal changes in the jurisdictions wh ere 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.sedarplus.ca 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.