Prismo Metals Advances to Drilling at Historic Silver King Silver Project with Permit Approval and Contractor Engagement

(TheNewswire)

Vancouver, British Columbia, February12th, 2026 – TheNewswire — Prismo Metals Inc. (“Prismo” or the “Company”) (CSE:PRIZ | OTCQB: PMOMF) is pleased to announce that it has receivedformal permit approval from the U.S. Forest Service to proceed withits fully funded drill program at the Company’s historic Silver KingMine project located in Arizona’s prolific Copper Belt.

The approved permit authorizes drilling from multiple drill pads inthe area of the historic mine designed to test the upper part of theSilver King mineralized body that was mined on nine levels over about300 meters depth (Fig. 1).

Additional high-priority targets identified through recent explorationwork can also be tested with some of the planned drill locations.Testing of other targets on private ground is being considered.Mobilization on site is scheduled for February 20th followed by preparatory sitework and access improvements followed by drilling.

Dr. Craig Gibson, Chief Exploration Officer of Prismo Metals,commented: “Receiving approval for drilling at Silver King is a keymilestone as we transition from surface exploration into activetesting of the system. With funding in place for multiple phases ofdrilling, we are well positioned to evaluate the significantexploration potential of this historic, high-grade silver system.”

Alain Lambert, CEO of Prismo commented: “Following a very smoothpermitting process with Forest Service, we are now ready to conductthe first ever comprehensive drill program at Silver King. Ourexploration work to date has attracted the attention of many given theresults we have published and our proximity (3.4 km) to ResolutionCopper, a Rio Tinto/BHP joint venture. I expect the drilling programto heighten attention.”

Phase 1 Drill ProgramHighlights:

• Fully funded program 

• 1,000 meters of diamond drilling to test the upper portion of thesteeply plunging, pipe-like Silver King mineralized body 

• Mobilization to Silver King Project scheduled for February 20th, 2026 

• Additional drilling to test lower down in the mineralized structureand mineralized areas adjacent to the historic mine may also becompleted 

Click Image To View Full Size

Fig. 1.  Permitted drill sites planned for initialPhase I drilling at the Silver King mine shown by white dots.  Theorange line indicates the approximate location of the cross section inFig. 2.  View looking south-easterly.

Drilling will initially focus on testing the upper portion of thesteeply west-dipping pipelike stockwork and breccia zone thathistorically produced high-grade silver and base metals (Fig. 2), aswell as targets adjacent to and beneath historic workings. Initialdrilling is estimated at 1000 meters in nine holes.  A second phaseof drilling will be dedicated to testing at deeper levels and areasadjacent to the historic mine.

Dr. Gibson, added: “We are pleased to engage Godbe Drilling, ahighly respected contractor with substantial experience in Arizona anda staging area near the project. The objective is to test the upperhalf of the steeply dipping pipelike Silver King mineralized body, aswell as potential mineralization adjacent to the dense stockwork zonesthat were the focus of historic mining.”

Drilling Contractor Engagement

Prismo has engaged Godbe Drilling LLC to conduct this Phase 1 drillingprogram. Godbe Drilling LLC is a Colorado-based family-owned diamondcore drilling and mineral exploration business with extensiveoperating experience in the southwestern United States, includingArizona.

Fig. 2.  Cross section through Silver King mineshowing workings and first four planned drill holes.

Silver King Project Overview

The Silver King mine was discovered in 1875 and is one of Arizona’smost significant historic silver producers, with nearly six millionounces of silver produced at average grades ranging from approximately61 to 21 ounces per ton during early production. Limited small-scalemining in the late 1990s yielded samples with exceptionally highsilver and associated gold values, suggesting that high-grademineralization remains within the system. The project is locatedwithin the same geological framework as other world-class deposits inthe Arizona Copper Belt, and its proximity to active mining operationsenhances its strategic significance.

Qualified Person

Dr. Craig Gibson, PhD., CPG., a Qualified Person as defined byNI-43-01 regulations and Chief Exploration Officer and a director ofthe Company, has reviewed and approved the technical disclosures inthis news release.  

About Prismo Metals Inc.

Prismo (CSE: PRIZ) is a mining exploration company focused onadvancing its Silver King, Ripsey and Hot Breccia projects in Arizonaand its Palos Verdes silver project in Mexico.

Please follow @PrismoMetals on Twitter, Facebook, LinkedIn, Instagram, and YouTube

Prismo Metals Inc.

1100 - 1111 Melville St., Vancouver, British Columbia V6E 3V6 Phone:(416) 361-0737

Contact:

Alain Lambert, Chief Executive Officer alain.lambert@prismometals.com

Gordon Aldcorn, President gordon.aldcorn@prismometals.com

Neither the CanadianSecurities Exchange nor its Market Regulator (as that term is definedin the policies of the Canadian Securities Exchange) acceptsresponsibility for the adequacy or accuracy of thisrelease.

Cautionary NoteRegarding Forward-Looking Information

This release includescertain statements and information that may constitute forward-lookinginformation within the meaning of applicable Canadian securities laws.Forward-looking statements relate to future events or futureperformance and reflect the expectations or beliefs of managementof the Company regarding future events. Generally, forward-looking statements and informationcan be identified bythe use of forward-looking terminology such as “intends” or “anticipates”, orvariations of such words and phrases or statements that certain actions,eventsorresults“may”, “could”, “should”, “would” or “occur”. This information and thesestatements, referred to herein as "forward-lookingstatements", are not historical facts, are made as of the date ofthis news release and include without limitation, statements regardingdiscussions of future plans, estimates and forecasts and statements asto management's expectations and intentions with respect to,among other things: the timing, costs and results of drilling atSilver King; and the intended use of any proceeds raised under recentfinancings.

Theseforward-looking statements involve numerousrisksanduncertainties, and actual results might differ materially from resultssuggested in any forward-looking statements. These risks anduncertainties include, among other things: the potential inability ofthe Company to utilize the anticipated proceeds of the PrivatePlacement as anticipated; and those risks set out in theCompany's public disclosure record on SEDAR+ (www.sedarplus.com) under the Company’s issuer profile.

In making theforward-looking statements in this news release, the Company hasapplied several material assumptions, includingwithoutlimitation, that the Company will use the proceeds ofthe Second Tranche as currently anticipated and on the timelinecurrently expected.

Although management of the Company has attemptedtoidentify important factors that couldcause actual resultsto differ materially from those contained in forward-lookingstatements or forward- looking information, there may be other factors that cause results not to be as anticipated,estimated orintended. There can be no assurance that such statements will prove tobe accurate, as actual results and future events could differmaterially from those anticipated in such statements. Accordingly,readers should not place undue reliance on forward-looking statementsand forward- looking information. Readers are cautionedthatreliance on such information may not be appropriate for otherpurposes. The Company does not undertake to update any forward-lookingstatement, forward-looking information or financial outlook that areincorporated by reference herein, except in accordance withapplicable securities laws. We seek safe harbor.

Copyright (c) 2026 TheNewswire - All rights reserved.