Prismo Metals to Advance Hot Breccia Toward Drilling Through Strategic Transaction

(TheNewswire)

Secures Equity, Cash, and OngoingUpside Exposure

Vancouver, British Columbia, February26th, 2025 – TheNewswire- Prismo Metals Inc. (“Prismo” or the“Company”) (CSE: PRIZ) (OTCQB: PMOMF) ispleased to announce that it has entered into a definitive  assignmentagreement (the “Agreement”) with Blade Resources Inc.(“Blade”) pursuant to which Prismo has agreed to assign all of itsrights, interests and obligations in the Hot Breccia copper project,located  in the heart of the Arizona copper belt (the “Transaction”), toBlade. The Transaction is expected to close on or about March 2, 2026,or such other date as the Company and Blade may agree.

In consideration for the Transaction, Prismo will beissued 6,755,000 common shares of Blade and will receive a cashpayment of $185,000. Followingcompletion of the Transaction, Prismo will own approximately 24% ofBlade’s issued and outstanding shares and will be Blade’s largestsingle shareholder (see additional early warning disclosurebelow).

Alain Lambert, CEO of Prismo, commented: “In ouropinion, Hot Breccia is one of the best copper explorationopportunities in North America. Since optioning the project in January2023, we have remained committed to advancing it toward drilling.After carefully evaluating our options - including funding a drillprogram internally, partnering with a major, or joining forces withlike-minded explorers - we have concluded that the best way forwardfor Prismo is the latter hence this partnership with Blade.” Headded: “The principals and financial backers of Blade have a longhistory and strong track record in raising significant capital forexploration programs of the scale required at Hot Breccia.”

Strategic Rationale

The Transaction provides several strategicbenefits:

Value Creation: Prismo is leveraging its investments in Hot Breccia into asignificant stake in a company dedicated to advancing the Hot Brecciaproject.

Access to Capital with LimitedDilution: The structure providesenhanced access to capital for the Hot Breccia drill program throughBlade, without direct dilution to Prismo shareholders.

Strategic Focus: Prismo will focus on advancing its remainingArizona projects — Silver King and Ripsey Gold — while Bladededicates its efforts to advancing Hot Breccia.

Enhanced Attractiveness to StrategicPartners: With the potential for100% ownership of Hot Breccia, Blade will be in a better position topossibly attract majors or strategic buyers.

Prismo’s Investment in Blade

Regarding Prismo’s investment in Blade, Mr. Lambertsaid: “We see several potential pathways for our investment: holdingit long term, monetizing a portion to fund other projects,distributing shares to our shareholders, or a combination of theselast two approaches. At this time, we are entering this transactionwith a long-term perspective. Successful development at Hot Brecciawould have meaningful implications for shareholder value.”

Additional Prismo Rights under theTransaction

Under the terms of the Transaction:

• Prismo has the right to nominate one representative toBlade’s board of directors. The Company has not yet determined itsinitial nominee. 

• Blade has granted Prismo participation rights in futureequity offerings, allowing Prismo to subscribe for shares onsubstantially the same terms as other investors in order to maintainits undiluted ownership percentage in Blade. 

Dr. Linus Keating, manager of Walnut Mines LLC, theunderlying landowner of Hot Breccia enthusiastically commented:“Walnut Mines strongly supports any initiativethat advances Hot Breccia toward a serious drill program. We areoptimistic that this transaction will help achieve that objective in2026. In our view, this property continues to represent an excellentcopper exploration opportunity in North America.”

Early Warning Disclosure

This news release is issued in accordance with NationalInstrument 62-103 – TheEarly Warning System and Related Take-Over Bid and Insider ReportingIssues. Prior to the Transaction, Prismo did notown any common shares of Blade. The common shares of Blade will beacquired by Prismo for a total consideration of $2,364,250 and will beacquired for investment purposes with a view to Blade's potentiallisting on a Canadian stock exchange.

Except as described in this news release, Prismo has nopresent plans or intentions that relate to or would result in any ofthe matters enumerated in paragraphs (a) through (k) of Item 5 of Form62-103F1.

Prismo will file an early warning report in accordancewith applicable securities laws, which will be available underBlade’s profile on SEDAR+ at www.sedarplus.ca . A copy ofthe early warning report may be obtained by contacting Gordon Aldcornat the contact details below.

About the Hot Breccia Project

The Hot Breccia project lies at the heart of theArizona Copper Belt, which hosts several globally significant porphyrycopper deposits.  Examples of these significant deposits are FreeportMcMoRan's Miami-Inspiration mining complex, BHP's San Manuelmine, Rio Tinto and BHP's Resolution deposit and others (seeFigure 1).  

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

Note that the Company and its qualified person have notbeen able to independently verify the information on these producingmines, and that the information is not necessarily indicative of themineralization on the Hot Breccia project.

About Prismo Metals Inc.

Prismo (CSE: PRIZ, OTCQB: PMOMF) is a miningexploration company focused on advancing its Silver King, Ripsey andHot Breccia projects in Arizona and its Palos Verdes silver project inMexico.

About Blade Resources Inc.

Blade Resources is a private mining exploration companyfocused on development of North American copper and precious metalsprojects.

Please follow @PrismoMetals on ,, , Instagram, and

Prismo Metals Inc.

1100 - 1111 Melville St., Vancouver, British ColumbiaV6E 3V6  Phone: (416) 361-0737

Contact:

Alain Lambert, Chief Executive Officeralain.lambert@prismometals.com

Gordon Aldcorn, Presidentgordon.aldcorn@prismometals.com

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 information relates 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 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 anticipated closing and closing date of theTransaction; the strategic rationale and potential upside of thetransaction with Blade,  the future development of the Hot Brecciaproject and Blade’s ability of Blade to successfully implement itsstrategic and business objectives, including potentially attractingmajors or strategic buyers; and the ability of Prismo to fund itsexploration activities on its other projects.

Theseforward?looking statements involve numerous risks and uncertainties,and actual results might differ materially from results suggested inany forward-looking statements. These risks and uncertainties include,among other things: that the Transaction may not close as anticipated,or at all; delays incurred by Blade in obtaining or failure to obtainappropriate funding to finance the exploration program at Hot Breccia;the inability of Blade to successfully acquire a 100% interest on theHot Breccia project; delays incurred by the Company in obtaining orfailure to obtain appropriate funding to finance exploration programsfor its other projects; the risk that mineralization will not be asanticipated at the Hot Breccia project or at the Company’s otherprojects; metal prices; market uncertainty; and other risks anduncertainties application to exploration activities and theCompany’s business as set forth in the Company’s disclosuredocuments available for viewing under the Company’s profile onSEDAR+ at www.sedarplus.com.

In making theforward-looking statements in this news release, the Company hasapplied several material assumptions, including without limitation,that: the timeline for closing the Transaction will be as anticipated;the Transaction will close; the ability to raise capital to fundexploration programs at Hot Breccia or on the Company’s otherprojects, and the timing of such exploration programs; the ability ofBlade to complete the option to acquire a 100% interest in the HotBreccia project and to successfully carry out its business andstrategic objectives following completion of the transaction; and thatthe Hot Breccia project and the Company’s other projects will havethe anticipated mineralization and other qualities.

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 orfinancial out-look that are incorporated by reference herein, exceptin accordance with applicable securities laws. We seek safeharbor.

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