Prospector Drilling at TESS Yields 5.91 g/t Au over 22.06m including 14.32 g/t Au over 8.58m

(TSXV:PPP, OTCQB:PMCOF, FSE:1ET0) Prospector Metals Corp. provided a comprehensive update on its fully funded 2026 drill program at the ML Project, Yukon. The company reported final assays from scissor-hole ML26-85 through the TESS Trend, yielding 5.91 g/t Au over 22.06m (from 46.52m), including 14.32 g/t Au over 8.58m (from 60m). New drilling extended the TESS Trend an additional 50m to the southwest, with hole ML26-68 returning 3.12 g/t Au over 11.31m (from 62.88m) and hole ML26-70 returning 10.79 g/t Au over 2.24m (from 87m). The company discovered a new "Rubble" gold trend located 3km southwest of TESS, with the first hole (ML26-123) yielding 13.0 g/t Au over 0.51m (from 21.34m) and 1.52 g/t Au over 4.63m (from 50.63m). Surface mapping and prospecting traced the Rubble Trend for at least 100m, with new assays ranging from 9.65 g/t Au to 93.8 g/t Au and averaging 45.6 g/t Au. Structural indicators suggest several stacked or sub-parallel altered zones along the Rubble Trend. Dr. Rob Carpenter, Ph.D., P.Geo., Co-Chairman, President and CEO, stated that the 2026 drill campaign has only scratched the surface of a district-scale, high-grade gold system at ML, and that drilling at TESS has confirmed a structurally controlled gold system that remains open along trend and to depth. Assays for 52 holes are pending and expected in the coming weeks, including first-ever drill results from newly identified gold trends such as NIT, Lorrie, Pebble, Camp Valley, and ML North. Prospector has a current cash position of over $36,000,000, sufficient to complete drilling at the ML Project for several years without requiring additional funding. The company collected 547 surface rock samples, with results to be released once final assays are received. Soil sampling was also completed, with the high-grade "Chai" trend characterized by soil results up to 2.13 g/t Au. In 2026, a total of 100 holes for 20,980 meters were drilled on the ML Project, testing nine target areas including TESS, Pebble, Nit, Rubble North, Phoenix, Bueno, ML North, Camp Valley, and Lorrie. Results have been received for 48 of the 100 holes, including 40 holes on the TESS trend and adjacent areas, 7 holes on the Phoenix target, and 1 hole on the Rubble target. Individual sample results reached up to 147.2 g/t Au, 147.2 g/t Ag, and 6.07% Cu. Highlighted TESS results include ML26-068 (3.12 g/t Au over 11.31m, including 21.31 g/t Au over 1.19m), ML26-071 (0.55 g/t Au over 8.87m and 1.25 g/t Au over 0.5m), ML26-073 (0.91 g/t Au, 13.81 g/t Ag, 0.81% Cu over 12.80m, including 1.59 g/t Au, 52.67 g/t Ag, 3.15% Cu over 2.30m), and an additional zone with 2.36 g/t Au, 7.78 g/t Ag, 0.47% Cu over 2.45m. ML26-070 returned 10.79 g/t Au over 2.24m, including 14 g/t Au over 1.04m. ML26-075 returned 3.51 g/t Au over 2.48m and 0.15 g/t Au, 35.6 g/t Ag, 1.46% Cu over 0.5m. ML26-078 returned 3.01 g/t Au, 64.6 g/t Ag, 2.77% Cu over 0.72m, and 4.18 g/t Au, 15.31 g/t Ag, 0.88% Cu over 3.9m, including 19.2 g/t Au, 44.5 g/t Ag, 2.44% Cu over 0.61m, and 0.27 g/t Au, 95.8 g/t Ag, 4.66% Cu over 0.53m. ML26-083 returned 5.83 g/t Au, 30.5 g/t Ag, 1.31% Cu over 8.79m, including 15.27 g/t Au, 105 g/t Ag, 4.38% Cu over 2.16m. ML26-085 returned 5.91 g/t Au, 5.8 g/t Ag, 0.3% Cu over 22.06m, including 14.32 g/t Au over 8.58m and 147.2 g/t Au over 0.5m. The TESS Zone has been defined over at least 400m along trend and to 175m depth and remains open in all directions. The Rubble North target, located 3.7km southwest of TESS, returned rock samples ranging from 9.65 to 93.8 g/t Au (averaging 45.6 g/t Au), with additional samples of 10.8, 22.1, and 28.4 g/t Au. ML26-123 at Rubble North returned 13.0 g/t Au over 0.51m and 1.52 g/t Au over 4.63m. The company posted a pre-recorded webinar hosted by CEO Rob Carpenter and VP Exploration Jodie Gibson to discuss these results.