Mr. Peter Bernier reports

PROSPER GOLD ANNOUNCES AGREEMENT TO SELL GOLDEN SIDEWALK PROJECT

Prosper Gold Corp. has entered into a definitive purchase agreement with Kenorland Exploration Ltd. pursuant to which the company has agreed to sell to Kenorland its 100-per-cent interest in the Golden Sidewalk and Skinner properties located approximately 60 kilometres east of Red Lake, Ont. Kenorland is at arm's length to the company.

As consideration for the sale of the properties, Kenorland will pay $1-million in cash to the company on the closing date of the transaction.

Transaction details

The transaction is subject to the approval of two-thirds of the votes cast in person or by proxy at a meeting of Prosper Gold's shareholders. It is anticipated that Prosper Gold will prepare and mail a management information circular to its shareholders in connection with the meeting and that the meeting will be held in August, 2026. The transaction is subject to customary conditions including the approval of the shareholders and the approval of the TSX Venture Exchange.

The purchase agreement and the transaction have been unanimously approved by the board of directors of Proper Gold, and the board unanimously recommends that the shareholders vote in favour of the transaction.

No finders' fees will be paid by Prosper Gold in connection with the transaction.

The properties

The Golden Sidewalk is a district-scale gold exploration project covering over 160 square kilometres of contiguous mineral claims and mining leases in the western Birch-Uchi greenstone belt, approximately 60 km east of Red Lake, Ont. No significant exploration activities were completed by Prosper Gold at the Golden Sidewalk project for the period ended Jan. 31, 2026.

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