Mr. Alain Lambert reports

PRISMO METALS CLOSES ACQUISITION OF INCREASED INTEREST IN HOT BRECCIA

Prismo Metals Inc. has completed its previously announced transaction with Infinitum Copper Corp., whereby Prismo has increased its interest in the Hot Breccia copper project, located in the heart of Arizona's prolific copper belt, from 75 per cent to 95 per cent. In addition, Prismo has obtained an irrevocable option to acquire Infinitum's remaining 5-per-cent interest, providing a clear path to 100-per-cent interest in the project.

Alain Lambert, chief executive officer of Prismo, commented: "This transaction marks a significant milestone for Prismo and provides a clear mechanism to securing full ownership of Hot Breccia. It materially improves the strategic flexibility of the project."

He added: "Prismo remains firmly committed to advancing Hot Breccia. The recent extension of certain milestone obligations under the option agreement with Walnut Mines LLC, the owner of the Hot Breccia claims, together with the completion of the transaction with Infinitum, provides the company with additional flexibility as we evaluate a range of strategic alternatives. Each of these pathways' goal is to drill what we consider to be one of the most compelling copper exploration opportunities in Arizona and the broader United States."

Dr. Linus Keating, manager of Walnut Mines, enthusiastically commented: "Walnut Mines is solidly in favour of any action that moves Hot Breccia closer to a serious drill program. We are hopeful that this transaction will accomplish that goal in 2026. In our opinion, this property remains one of the best copper exploration opportunities in North America."

Under the terms of the transaction, Prismo paid Infinitum $185,000 to acquire a 20-per-cent additional interest in the Hot Breccia project and assumed all of Infinitum's remaining obligations under the existing option agreement with Walnut to issue shares to Walnut, which has been satisfied by the issuance to Walnut of 450,630 common shares at a deemed issue price of 11 cents per share. Prismo has also agreed to pay Infinitum 5 per cent of any consideration received in connection with a transaction in which Prismo assigns its interest in Hot Breccia to a third party to acquire the 5-per-cent interest held by Infinitum.

Prismo's Hot Breccia project lies at the heart of the Arizona copper belt, which hosts several globally significant porphyry copper deposits. Examples of these significant deposits are Freeport McMoRan's Miami-Inspiration mining complex, BHP's San Manuel mine, Rio Tinto and BHP's Resolution deposit, and others.

The company wishes to update its Jan. 12, 2026, news release to confirm that the company issued 2.25 million units for gross proceeds of $225,000 and issued 140,000 finder warrants and paid finder commissions of $14,000 to a certain qualified finder. Each unit consisted of one common share in the capital of the company and one common share purchase warrant of the company. Each warrant entitles the holder to purchase one share for a period of 36 months from the date of issue at an exercise price of 17.5 cents. Prismo intends to proceed next week with a final closing of 1.5 million units for gross proceeds of $150,000.

About Prismo Metals Inc.

Prismo is a mining exploration company focused on advancing its Hot Breccia copper project in Arizona and its Palos Verdes silver project in Mexico.

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