Dr. Rob Carpenter reports

PROSPECTOR APPOINTS IAN PARKINSON TO THE BOARD OF DIRECTORS

Prospector Metals Corp. has appointed Ian Parkinson to the board of directors.

Mr. Parkinson had a successful 16-year career as a sell-side mining analyst for a series of leading Bay Street brokerage firms. Most recently Mr. Parkinson was managing director, mining equity research, at Stifel GMP. Prior to Stifel, Mr. Parkinson's brokerage career included time at GMP Securities and CIBC World Markets. Before moving to the brokerage industry, Mr. Parkinson spent 10 years with Falconbridge and Noranda (now Glencore) gaining broad experience across the mining business including geology, metals marketing and business development. Mr. Parkinson is a graduate of Laurentian University in Sudbury where he was born and raised.

Mr. Parkinson is currently the chief executive officer of Halcones Precious Metals, a South American-focused exploration company and serves as executive vice-president, corporate development, for Emerita Resources which is focused on advancing several base metals projects in Spain. He is Troilus Gold Corp.'s nominee to the board as per the terms of the property purchase agreement for the ML property announced on Jan. 3, 2024.

Dr. Rob Carpenter, PGeo, chief executive officer of Prospector, stated: "We are thrilled to welcome Ian Parkinson as our newest director at Prospector. His wealth of experience and strategic vision will undoubtedly contribute to our success as advance our newly acquired ML project in the Yukon."

The company also announces today the resignation of Michael Murphy as director. Mr. Murphy has been a director of the company since 2018. In his resignation, Mr. Murphy wished the company's management team every success in the future.

"On behalf of the members of the board, the management team of Prospector, I would like to thank Michael for his valued contributions and commitment over the years," said Craig Roberts, co-chairman of Prospector. "We wish Michael all the best in his future endeavours."

The company announces that it has granted, under its equity incentive plan, incentive stock options to certain directors of the company to purchase an aggregate of up to 300,000 common shares exercisable for a period of up to five years from the date of grant at a price of 22 cents per share. This grant is subject to acceptance by the TSX Venture Exchange.

About Prospector Metals Corp.

Prospector Metals, a member of Discovery Group, is focused on district-scale, early-stage exploration of gold and base metal prospects. Creating shareholder value through new discoveries, the company identifies underexplored or overlooked mineral districts displaying important structural and mineralogical occurrences similar to more established mining operations. Prospector is led by an experienced technical and corporate team that has a proven record of making world-class mineral discoveries. Prospector establishes and maintains relationships with local and indigenous rightsholders and seeks to develop partnerships and agreements that are mutually beneficial to all stakeholders.

We seek Safe Harbor.