PROSPECT RIDGE RES CORP - PRRSF STOCK NEWS

Prospect Ridge Resources (CSE: PRR) (OTC: PRRSF) has announced arrangements for its Annual General Meeting scheduled for December 13, 2024, addressing challenges posed by the Canadian Union of Postal Workers strike. The company is relying on CSA Blanket Order 51-931 for temporary exemption from sending physical proxy-related materials. Shareholders will vote on fixing the board size at seven directors, electing directors, re-appointing auditors, and re-approving the stock option plan.

All proxy materials are available on SEDAR+ and the company's website. Shareholders can request email copies and must submit completed proxy forms via physical delivery, fax, or email to Odyssey Trust Company. The voting deadline has been extended to two hours before the meeting.

Prospect Ridge Resources has announced results from its 2,229-meter drilling campaign at the Copper Ridge Zone of its Knauss Creek property in British Columbia. The program, consisting of 9 holes, targeted surface anomalies covering a 1.5 km by 850 m area. Three distinct 20-metre corridors of gold-silver and copper-gold-silver mineralization were identified. The drilling confirmed mineralization down to 120 m depth, with notable intersections including up to 0.51 g/t gold and 1.7 g/t silver over 20.5 m, and 5.44 g/t gold, 21.1 g/t silver, and 1.89% copper over 1.5 m. The company has $2.7M in treasury to continue exploration.

Prospect Ridge Resources Corp. (CSE: PRR) (OTC: PRRSF) has successfully completed its inaugural drilling program at the Copper Ridge zone within the Knauss Creek property, near Terrace, British Columbia. The program included 2,229 metres in nine drill holes, designed to test high-priority targets identified through previous prospecting and surface sampling.

Key highlights include:

• Drilling focused on areas with high vein density and high-grade outcrop samples
• Assay results expected to begin arriving in the next six weeks
• Drill holes confirmed mineralized quartz veins and revealed mineralization in the host rock
• Company remains well-funded after completing a $5.2 million private placement

A total of 1,914 samples have been submitted for multi-element analysis. The company expects to use the data collected from these first-ever drill holes to inform the next steps in its exploration program at Knauss Creek.

Prospect Ridge Resources Corp. (CSE: PRR) (OTC: PRRSF) has launched its inaugural drilling program at the Copper Ridge zone within its Knauss Creek property near Terrace, British Columbia. The program aims to test high-priority targets in an area spanning 1,550 by 850 meters, where previous surface sampling yielded impressive results of up to 78.9 g/t Au, 4610 g/t Ag, and 29.4% copper. The company plans a minimum of 2,000 meters of drilling, focusing on the largest clusters of high-grade outcrop samples. With over $5 million in treasury from a recent oversubscribed private placement, Prospect Ridge is well-funded for this exploration. Initial assay results are expected by the end of Q3 2024.

Prospect Ridge Resources Corp. (CSE: PRR) (OTC: PRRSF) has successfully closed its oversubscribed private placement, raising total gross proceeds of $5,218,847.24. The final tranche consisted of 2,912,500 NFT Units at $0.16 each and 7,717,441 FT Units at $0.18 each, totaling $1,855,139.38. The company paid $100,801.38 in finder fees and issued finder warrants. Insiders participated in the final tranche, acquiring approximately 0.41% of the issued common shares. The proceeds will fund exploration on the Knauss Creek and Holy Grail Properties, corporate development, and working capital. The FT Placement proceeds will be used for Canadian Exploration Expenses qualifying as flow-through mining expenditures.

On May 22, 2024, Prospect Ridge Resources announced new high-grade discoveries on their Holy Grail property, situated near Terrace, BC. The field team discovered notable mineral showings at Golden Bowl and Temple, and high-grade results on Mount Garland and Wesach mountain. Noteworthy samples included 9.99 g/t Au, 183 g/t Ag, and 1.81% Cu from Golden Bowl, and 8.16 g/t Au, 137 g/t Ag, and 14.8% Cu from Temple. These findings highlight significant geological potential around the Copper Ridge zone and Leon's Legacy showings. The company plans to commence drilling in summer 2024.

Prospect Ridge Resources Corp. announces a northwestern extension of the Copper Ridge Zone with high-grade gold, silver, and copper results from outcrop samples. The zone now measures 1,550m east-west, 850m north-south, and 470m vertically. Metal zonation varies across the property. CEO Michael Iverson and President Yan Ducharme express optimism for further exploration and a 5,000m surface drilling program.

Prospect Ridge Resources Corp. announces high-grade gold, silver, and copper results from grab samples at the Copper Ridge zone. The samples were taken at the Company's fully owned flagship Knauss Creek property. The results indicate the potential for significant mineral deposits, boosting investor confidence. The grab samples returned impressive grades, with gold values up to 12.5 g/t, silver values up to 180 g/t, and copper values up to 2.5%. The Company's exploration efforts are yielding positive outcomes, positioning it as a promising investment opportunity.

Prospect Ridge Resources Corp. (PRR) Grants 500,000 Stock Options to Director