Prospector Metals Corp announced a non-brokered private placement to issue 25,974,025 Charity Flow-Through Units at a price of CAD 0.154 per Charity FT Unit for gross proceeds of CAD 3,999,999.85 and 9,090,909 Non-Flow-Through common shares at a price of CAD 0.11 per NFT Share for gross proceeds of CAD 999,999.99; aggregate gross proceeds of CAD 4,999,999.84 on April 17, 2025. Each Charity FT Unit will be comprised of one flow-through common share and one half of one non-flow-through common share purchase warrant. Each Warrant will be exercisable at a price of CAD 0.30 into one common share for a period of two years from the date of issuance.

The Offering is expected to close on or about May 6, 2025, and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional approval of the TSX Venture Exchange. The Company may pay finders? fees under the Offering in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

The securities issued under the Offering will be subject to a hold period under applicable securities laws in Canada expiring four months and one day from the closing date of the Offering.