Prime Mining Corp. announced that CEO Daniel Kunz is retiring effective February 1, 2024, and Mr. Scott Hicks, EVP, will succeed him as Chief Executive Officer at that time effective from January 16, 2023. The seamless leadership transition completes a succession plan developed by the Board of Directors following Mr. Hicks?

appointment as Executive Vice President of Prime on August 17, 2022. Mr. Kunz will remain a Strategic Advisor and member of the Board. Mr. Kunz and Mr. Hicks will continue to work closely together.

Daniel Kunz was appointed Chief Executive Officer and Director on June 15, 2020, after serving as Executive Chairman. Since then, he has overseen significant milestones in the Company?s advancement, which in 2023 included Prime?s graduation to the main board of the Toronto Stock Exchange, its updated Mineral Resource Estimate for the Los Reyes Project and its inaugural Sustainability Report, as well as significant financings. Scott Hicks brings over 20 years?

industry experience to Prime, as an executive, finance professional and engineer. Prior to joining the Company, he served as Senior Vice President of Technical Services with Kinross Gold Corp., with global responsibility for strategic planning, resource and reserve calculations, project studies, business development and talent management. He also held positions of increasing responsibility with Inco Ltd. and Vale in the areas of corporate development, strategic planning and financial evaluation, including several years in Indonesia at one of the world?s largest integrated nickel operations.

Mr. Hicks holds a Bachelor of Applied Science in Mining Engineering from Queen?s University in Kingston, Ontario, is a Professional Engineer and a Chartered Financial Analyst (CFA®) Charterholder.