Prosper Gold Corp. report channel sampling results from the Skinner North prospect and identification of exploration targets at the Skinner Target Area. The Skinner Target Area is 4 kilometres northwest of the Golden Corridor and was identified by prospecting and 2021-2022 till sampling results.

The Company completed stripping, channel sampling, and ground magnetics at the Skinner North for which all results have been received. Beginning in June 2020, the Company has been defining exploration targets at the Skinner North target area. The Skinner North target area is characterized as a series of east-west trending faults and shears with strong alteration and local gold mineralization.

The faults and shears are axial planar to kilometre-scale, east-northeast plunging folds. Initial rock sampling results by Prosper Gold at the Skinner North showing in 2020 include 16.3 g/t gold and 13.7 g/t gold from east-west trending quartz veins that were only partially exposed during historical hand pitting.   The results from till sampling completed in late 2021 outlined a 3-kilometre gold grain-in-till train with individual samples containing up to 1,014 gold grains. The presence of glacially deposited sand covering much of the area in this part of the Project posed a challenge to the collection of representative till samples, with field crews collecting basal till samples where possible.

Stripping and Channel Sampling at the Skinner North Prospect Stripping, washing and sampling of an area roughly 25 x 50 metres has identified a strongly iron-carbonate ± silica ± biotite altered shear zone with multiple mineralized quartz-carbonate vein sets, with veins measuring up to 1 m in width. Sulphide mineralization is predominantly pyrite with lesser chalcopyrite, within quartz-carbonate veins and silicified wallrock. Shear-hosted veins trend between 270° and 300° and dip at -80° to -65° to the north.

A high-resolution ground magnetic survey covering approximately 860 hectares was completed by field crews in July and August of 2022. The objective of the geophysical survey was to identify fault structures that may have played a role in localizing hydrothermal fluid flow which locally may be associated with gold mineralization. The survey was completed at 50-metre line spacings to maximize resolution and definition.

Bedrock in this area of the Golden Sidewalk Project is largely obscured by glacial sand and till deposits. Given the association with the “D2” regional deformation event and gold mineralization in the Red Lake and Birch Uchi greenstone belts, along with field observations, the Company is pleased to recognize a number of east-west to west-northwest interpreted fault structures and systems associated with northwest conjugate faults. As is commonly the case in structurally controlled gold systems, intersection of faults can result in dilatancy which is conducive to hydrothermal fluid flux and can focus gold deposition.

A number of exploration targets have been identified where the coincidence of favourable fault trends and/or fault intersections correspond spatially with areas of apparent magnetite destruction, represented as magnetic lows.