PROSPECT RIDGE RES CORP - PRRSF STOCK NEWS

Prospect Ridge Resources Corp. announces discovery of new mineralized zone named Leon's Legacy at Knauss Creek property.

Prospect Ridge Resources Corp. announces high-grade sampling results from Dorreen Mine and exploration at Knauss Creek property

Prospect Ridge Resources Corp. reports high-grade gold, silver, and copper results from prospecting on the Holy Grail property. CEO Michael Iverson is pleased with the results and highlights the high potential of the property. The company has acquired 100% of the Knauss Creek property and reached an agreement to acquire 100% of the Holy Grail property. The field season is underway with prospecting and geological mapping. Assay results are expected in the coming months.

On March 16, 2023, Prospect Ridge Resources Corp. announced the appointment of Michael Michaud and Yan Ducharme as new Directors, following the resignation of Nick Luksha. Michaud, a Professional Geologist with over 30 years of experience in mineral projects across multiple continents, is expected to bring significant expertise to the company. Ducharme has over 25 years of experience in exploration projects and will continue his valuable contributions. The company also granted 75,000 stock options to a consultant, exercisable at $0.20 for five years. This leadership change aims to bolster the company's strategic direction.

Prospect Ridge Resources Corp. (CSE: PRR, OTC: PRRSF) announced on March 3, 2023, the granting of 900,000 stock options to directors and consultants, exercisable at a price of $0.20 for five years. This move is part of the company's strategy to incentivize key personnel and enhance their commitment to ongoing projects. Prospect Ridge, focused on gold exploration in British Columbia, aims to develop its Knauss Creek and Holy Grail properties, which are believed to hold significant potential in the Golden Triangle. Management emphasizes a strong exploration team with over 100 years of combined experience.

Prospect Ridge Resources Corp. (CSE: PRR, OTC: PRRSF) has announced the granting of 2,225,000 stock options to directors, officers, and consultants at an exercise price of $0.20 for a five-year period. This move aims to incentivize key team members as the company continues its gold exploration initiatives, particularly focusing on the Knauss Creek and Holy Grail properties in British Columbia, which are considered to have significant potential in the Golden Triangle region.

Management emphasizes that these stock options align with their strategic goals and the expected positive exploration outcomes.

On February 8, 2023, Prospect Ridge Resources Corp. (CSE: PRR, OTC: PRRSF) announced the acquisition of 100% of the Holy Grail property, located 10 km northeast of Terrace, BC. This strategic purchase expands the company's control to 730 square kilometers in the region, enhancing exploration flexibility. The Net Smelter Royalties (NSR) on the property have been adjusted; Loan Wolf Exploration Ltd. and Knauss Creek Mines Ltd. both hold 1.5% NSRs, with options for 1% purchases at $1 million. Furthermore, Jasmine Lau has been appointed as the new CFO, bringing extensive experience in the resource sector.

On January 26, 2023, Prospect Ridge Resources Corp. announced encouraging results from its Knauss Creek property, located 35 km northeast of Terrace, BC. Grab samples showed significant mineralization, with highlights including:

• 69.3 g/t Au, 331 g/t Ag, 5.78% Cu from sample C363284 (Copper Ridge).
• 2.8 g/t Au, 974 g/t Ag, 33.3% Pb from sample C363277 (Hugin).

The results indicate a promising gold-silver anomaly over a 60 m length at the Hugin showing. The company is optimistic about further exploration, aiming to reveal more potential in the underexplored region of British Columbia.

Prospect Ridge Resources Corp. (CSE: PRR, OTC: PRRSF) has successfully completed its earn-in of a 100% interest in the Knauss Creek property, located northeast of Terrace, BC. The company incurred all $1M of exploration expenditures required within the first year of the agreement and issued 700,000 shares accordingly. Knauss Creek covers approximately 3190 hectares, containing notable showings like the Dorreen Mine and Jay Veins. Prospect Ridge is currently compiling results from its recent exploration efforts.