Mr. Alain Lambert reports

PRISMO METALS ANNOUNCES SECURITY BASED COMPENSATION GRANTS

Prismo Metals Inc., pursuant to the company's long-term incentive plan, has granted a total of 925,000 stock options to certain directors and officers of the company. The options are each exercisable to purchase one common share of the company at an exercise price of 12 cents for a period of five years, subject to certain vesting conditions. The company has also granted to certain consultants of the company 250,000 stock options at an exercise price of 12 cents, having a three-year term, and 250,000 restricted share units. Each restricted share unit entitles the holder to be issued one common share of the company on vesting. The restricted share units will vest 25 per cent on the date of grant, 37.5 per cent after three months and 37.5 per cent after six months.

About Prismo Metals Inc.

Prismo is mining exploration company focused on three silver projects (Palos Verdes, Silver King and Ripsey) and a copper project in Arizona (Hot Breccia).