Prospector Metals Corp announces a non-brokered private placement of 3,571,428 flow-through units at a price of CAD 0.21 per Charity FT Unit for a gross proceeds CAD 749,999.88 on April 23, 2024. Each Charity flow-through 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 $0.30 into one common share for a period of one year from the date of issuance.

The Offering is expected to close on or about May 6, 2024, and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional listing approval 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