Prismo Metals Closes Acquisition of Increased Interest in Hot Breccia

(TheNewswire)

Prismo’sInterest Currently Stands at 95% With Option for Full Control

Vancouver, British Columbia, January16th, 2025 – TheNewswire - Prismo Metals Inc. (“Prismo” or the “Company”) (CSE: PRIZ)(OTCQB: PMOMF) is pleased to announce that it has completed itspreviously announced transaction with Infinitum Copper Corp. (TSXV:INFI) (“Infinitum”) whereby Prismo has increased itsinterest in the Hot Breccia copper project, located in the heart ofArizona’s prolific copper belt, from 75% to 95%. In addition, Prismohas obtained an irrevocable option to acquire Infinitum’s remaining 5%interest, providing a clear path to 100% interest in theproject.

Alain Lambert, CEO of Prismo commented: “Thistransaction marks a significant milestone for Prismo and provides aclear mechanism to securing full ownership of Hot Breccia. Itmaterially improves the strategic flexibility of theproject.”

He added: “Prismo remains firmly committed toadvancing Hot Breccia. The recent extension of certain milestoneobligations under the option agreement with Walnut Mines LLC, theowner of the Hot Breccia claims, together with the completion of thetransaction with Infinitum, provides the Company with additionalflexibility as we evaluate a range of strategic alternatives. Each ofthese pathways’ goal is to drill what we consider to be one of themost compelling copper exploration opportunities in Arizona and thebroader United States.”

Dr. Linus Keating, manager of Walnut Mines LLC,enthusiastically commented: “Walnut Mines is solidly in favor of anyaction that moves Hot Breccia closer to a serious drill program. Weare hopeful that this transaction will accomplish that goal in 2026.In our opinion, this property remains one of the best copperexploration opportunities in North America.”

Under the terms of the transaction, Prismo paidInfinitum CA $185,000 to acquire a 20% additional interest in the HotBreccia project and assumed all of Infinitum’s remaining obligationsunder the existing option agreement with Walnut to issue shares toWalnut, which has been satisfied by the issuance to Walnut of 450,630common shares at a deemed issue price of $0.11 per share. Prismo hasalso agreed to pay Infinitum 5% of any consideration received inconnection with a transaction in which Prismo assigns its interest inHot Breccia to a third party to acquire the 5% interest held byInfinitum.

Prismo’sHot Breccia project lies at the heart of the Arizona Copper Belt,which hosts several globally significant porphyry copper deposits. Examples of these significant deposits are Freeport McMoRan'sMiami-Inspiration mining complex, BHP's San Manuel mine, RioTinto and BHP's Resolution deposit and others (see Figure 1). 

Figure 1. Location of the Hot Breccia Project inthe Arizona Copper Belt.

The Company wishes to update its January 12th, 2026 news release toconfirm that the Company issued 2,250,000 units for gross proceeds of$225,000 and issued 140,000 Finder’s Warrants and paid finder’scommissions of $14,000 to a certain qualified finder. Each Unitconsisted of one common share in the capital of the Company (a“Share”) and one commonshare purchase warrant of the Company (a “Warrant”). Each Warrant entitlesthe holder to purchase one Share for a period of thirty-six (36)months from the date of issue at an exercise price of $0.175. Prismointends to proceed next week a final closing of 1,500,000 Units forgross proceeds of $150,000.

About Prismo Metals Inc.

Prismo (CSE: PRIZ) is a mining exploration companyfocused on advancing its Hot Breccia copper project in Arizona and itsPalos Verdes silver project in Mexico.

Please follow @PrismoMetals on ,, , Instagram, and

Prismo Metals Inc.

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

Contact:

Alain Lambert, Chief Executive Officer[email protected]

Gordon Aldcorn, President[email protected]

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 management ofthe Company regarding future events. Generally, forward-lookingstatements and information can be identified by the use offorward-looking terminology such as “intends” or “anticipates”, or variations of suchwords and phrases or statements that certain actions, events orresults “may”, “could”, “should”, “would” or “occur”. This information and these statements,referred to herein as "forward?looking statements", are nothistorical facts, are made as of the date of this news release andinclude without limitation, statements regarding discussions of futureplans, estimates and forecasts and statements as to management'sexpectations and intentions with respect to, among other things: thetiming, costs and anticipated results of drilling at Hot Breccia; theability of Prismo to fund drilling and pursue potential third-partypartnerships; the Company’s strategic flexibility with respect tothe Hot Breccia project going forward; the number of shares issuableby Prismo to Walnut pursuant to the transaction described in this newsrelease; and the Company’s expectations regarding mineralization andother qualities of the Hot Breccia project.

Theseforward?looking statements involve numerous risks and uncertainties, andactual results might differ materially from results suggested in anyforward-looking statements. These risks and uncertainties include,among other things: delays in obtaining or failure to obtainappropriate funding to finance the exploration program at Hot Breccia;the risk that the Company will not enter into a third-partypartnership with respect to the Hot Breccia project; the risk thatmineralization will not be as anticipated at the project; the riskthat the Company will not be able to take advantage of geologicalinformation to refine drill targeting; metal prices; marketuncertainty; and other risks and uncertainties application toexploration activities and the Company’s business as set forth inthe Company’s disclosure documents available for viewing under theCompany’s profile on SEDAR+ at www.sedarplus.com.

In making theforward-looking statements in this news release, the Company hasapplied several material assumptions, including without limitation,that: the ability to raise capital to fund the drilling campaign atHot Breccia and the timing of such drilling campaign; the ability ofthe Company to enter into a third-party partnership on the project;that the project will have the anticipated mineralization and otherqualities; and the  Company will be able to take advantage ofgeological information to refine drill targeting.

Although managementof the Company has attempted to identify important factors that couldcause actual results to differ materially from those contained inforward-looking statements or forward-looking information, there maybe other factors that cause results not to be as anticipated,estimated or intended. There can be no assurance that such statementswill prove to be accurate, as actual results and future events coulddiffer materially from those anticipated in such statements.Accordingly, readers should not place undue reliance onforward-looking statements and forward-looking information. Readersare cautioned that reliance on such information may not be appropriatefor other purposes. The Company does not undertake to update anyforward-looking statement, forward-looking information or financialout-look that are incorporated by reference herein, except inaccordance with applicable securities laws. We seek safeharbor.

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