Prosper Gold begins soil geophysical surveys at

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VANCOUVER, British Columbia, March 8, 2021 (GLOBE NEWSWIRE) – Prosper Gold Corp. (“Prosper gold” or the “Accompaniment“) (TSXV: PGX) is pleased to announce that it has contracted Abitibi Geophysics Ltd. to produce a 58 line kilometer long induced polarization (“IP“) Survey at the Golden Sidewalk Project (the”Project“) In the Birch-Uchi region of the Red Lake. The investigation will cover the newly identified Golden Corridor, which extends historical IP coverage to the east (for details on the Golden Corridor can be found in the company’s press release dated December 1, 2020). The company also announces that it is subject to all required regulatory approvals, including approval from the TSX Venture Exchange (the “exchange“), retained CM-Equity AG (“CM“) To provide marketing, market awareness and business brokerage services, in accordance with the February 17th agreements between the Company and CMthat, 2021 (the “CM Agreement”).

“The company has engaged a leading geophysical services company, Abitibi Geophysics, to expand historical IP coverage in the Golden Corridor eastward, focusing on the large pristine Goldgrain-in-Till anomaly described by our team. The survey will also cover the E-12 till anomaly, which is another target that was identified in 2020 and for which no further groundwork has been done yet. E-12 is three and a half kilometers east along the Golden Corridor, ”commented Peter Bernier, CEO. “In the run-up to our 2021 drill program, we are pleased to have signed Michael and his team from CM Equity to support the company with European private and institutional investors.”

Figure 1. Map with the grid of induced polarization planned for 2021 and the highlights up to 2020.
https://www.globenewswire.com/NewsRoom/AttachmentNg/90c70b84-9bc5-4953-bf25-46cc252d95f2

Abitibi Geophysics will use its proprietary OreVision® technology, which can reveal targets at a greater depth than traditional IP without compromising near-surface resolution. The survey will extend east from the Golden Corridor to the E-12 Till anomaly (Figure 1). The E-12 anomaly, outlined during Prosper Gold’s Prosper Gold Prosper Till survey in the summer of 2020, is defined as a 1,300 meter-long gold grain-in-till anomaly that is open to the east and west.

CM shares

CM-Equity AG is a European regulated investment boutique and financial services provider based in Munich. CM operates across Europe and is licensed for corporate brokerage services from market making and fundraising to M&A activities. CM offers its corporate clients access to its regulatory digital asset platform, which offers attractive and modern forms of public financing. In addition, CM acts as a platform for institutional and private investors to gain direct access to its corporate customers via meetings, conferences, webinars and social media channels.

According to the CM agreement, CM will initially be employed by the company for a period of twelve months. After the initial term has expired, the contract is automatically extended by twelve months (subject to written termination by the company, three months to the end of the entire year). CM will be responsible for supporting Prosper Gold in all aspects of corporate profiling, awareness campaigns and corporate broking for the company in Germany and beyond. CM receives a fee of 50,000 euros per year. Michael Kott will be responsible. Other than the CM Agreement, there is no relationship between CM and the Company, nor is there any direct or indirect interest in the Company or its securities, or any right or intention to acquire such interest on the part of CM.

Over the golden sidewalk

The Golden Sidewalk is a district-scale gold exploration project comprising over 160 square kilometers of contiguous mineral claims and mining leases (For details, see the company’s press releases dated August 10, September 8, and September 15, 2020) in the western Birch-Uchi Greenstone Belt, about 60 km east of Red Lake, Ontario. The vehicle accessible project spans 12 kilometers of the Balmer Assemblage – Narrow Lake Assemblage discordance, a regional-level feature that was included in the Red Lake Exploration Guide but has had limited exploration in the project area. The recently identified “Golden Corridor” is immediately north of the Discordance in the western portion of the property and is marked as a very prospective trend over three miles with coincident favorable magnetic and resistivity lines supported by highly anomalous gold-in-till samples will cover 3.3 times 0.5 kilometers.

For a detailed review of Prosper Gold visit www.ProsperGoldCorp.com

Qualified person

The scientific and technical information in this news release has been reviewed by Rory Ritchie, P.Geo., A Qualified Person as defined by National Instrument 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS

Per: Peter Bernier
Peter Bernier
President and CEO

For more information please contact:

Peter Bernier
President and CEO
Prosper Gold Corp.
Cell: (250) 316-6644
Email: [email protected]

The information contained in this press release may contain forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often relate to expected future business and financial performance and often contain words such as “anticipate,” “believe,” “plan,” “estimate,” “expect” and “intend”, statements that indicate action or an event “may”, “could”, “could”, “should” or “will” occur or occur, or other similar expressions. All statements contained herein, except for historical facts, including, without limitation, statements regarding the proposed exploration of the Golden Sidewalk Project, are forward-looking statements. Forward-looking statements inherently involve known and unknown risks, uncertainties and other factors that could cause our actual results, performance or accomplishments or other future events to differ materially from those express or implied by such forward-looking statements Statement. These factors include, but are not limited to, the following risks: the need for additional funding; operational risks associated with mineral exploration; Fluctuations in raw material prices; Title is important; Environmental liability claims and insurance; Dependence on key personnel; the potential for conflicts of interest between certain officers, directors, or promoters on certain other projects; the lack of dividends; Contest; Dilution; the volatility of our common stock price and volume; and the additional risks identified in the “Management Discussion and Analysis” section of our interim and most recent financial statements or other reports and filings on the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are based on the beliefs, estimates and opinions of management as of the date of publication and the company assumes no obligation to update any forward-looking statements if these beliefs, estimates and opinions or other circumstances change, unless otherwise indicated Securities laws. Investors are cautioned not to place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.


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