Prismo Metals Inc. provided an update on the ongoing exploration programs at its Palos Verdes, Los Pavitos and Hot Breccia properties. Palos Verdes Exploration Update: The Company recently started a 2500-meter drill program on the Palos Verdes project. The drill program will test the areas of the Palos Verdes vein system in areas where there previously was no drill access, mainly along the northeastern extension of the vein system and certain areas in the southwestern portion where previous drilling occurred.

Five holes have been completed for a total of 727 meters of HQ core drilled for the current program. Samples from the first three holes have been submitted to the lab for analysis. Drilling so far has been completed in the northeastern limit of the Palos Verdes vein system exposed on the Palos Verdes concession.

Results confirm the presence of multiple narrow quartz veins along the structural trend as expected based on surface mapping and sampling. Surface sampling undertaken in the region to help define the drill pattern yielded high grades from one of these veins that returned an assay of 840.5 AgEq (700 g/t Ag and 1.68 g/t Au) over a width of 1 meter. Los Pavitos Exploration Update: The Company announced that its trenching program across the main mineralized trends on its Los Pavitos property is well underway, and that 295 meters of trenches have been constructed and sampled.

The main objective of the trenching program is to better define the orientation and full width of the mineralized structures prior to starting the drill campaign. Assay results have been received for 44 samples from the first three trenches in the Santa Cruz area with a combined length of 96.7 meters, along with an additional 233 samples from the ongoing mapping and sampling program. Of note are an interval of 10m with a weighted average of 0.44 g/t Au in trench ZSC9, and a new silver rich target area with multiple samples assaying more than 300 g/t Ag over 1-2 meter widths and ranging to as much as 579 g/t Ag.

An additional 127 trench samples have been submitted to the assay lab with results expected in two weeks. The 5289 hectare (20 square miles) Los Pavitos project is located in the well mineralized Alamos region of southern Sonora State, Mexico. Hot Breccia Exploration Update: Work at the Hot Breccia property in Arizona is also progressing according to plans.

Field work for an environmental permit to allow drilling on existing roads has been completed and report preparation for submittal to the appropriate agency is in progress. A drone LiDAR survey was completed in May and analysis of the data is in progress. A planned airborne ZTEM survey has been contracted and is programmed to be flown within the next 2 to 3 weeks.

Surface mapping and sampling is also progressing.