Prismo Metals Upsizes Private Placement, Plans Further Financing

Vancouver, British Columbia — July 31, 2025 — Leads & Copy — Prismo Metals Inc. has announced an upsized second closing of its non-brokered private placement, increasing it from 2,000,000 Units to 2,340,000 Units, resulting in gross proceeds of $117,000. This brings the total gross proceeds raised to $692,000 through the sale of 13,840,000 Units, following a first closing on July 18, 2025, which raised $575,000.

Each Unit includes one common share and one-half of a common share purchase warrant, with each whole warrant allowing the holder to purchase one Share at $0.10 for 24 months from the issue date.

The company also intends to complete an additional private placement of 6 million units at $0.06 per unit, expected to close around August 7th, 2025, raising an additional $360,000. Proceeds will fund exploration at the Silver King project, working capital, and general corporate purposes.

Prismo has also entered a debt settlement agreement, issuing 1,375,000 common shares at $0.06 per share to settle US $60,000 (CA $82,500) in outstanding debt to a creditor, who is an original optionor of the Palos Verdes silver project in Mexico.

According to Dr. Craig Gibson, Prismo’s Chief Exploration Officer, the team is about to begin a detailed mapping and sampling program at both projects at surface exposures and in accessible underground workings. A drill program is planned for Silver King, with about 1,000 metres initially.

Alain Lambert, CEO, noted that the Palos Verdes project remains an important asset, and the company continues to monitor Vizsla Silver’s exploration activities in the Panuco district and how it might impact their exploration plan at Palos Verdes.

Contact: Alain Lambert, Chief Executive Officer alambert@cpvcgroup.ca Gordon Aldcorn, President gordon.aldcorn@prismometals.com

Source: Prismo Metals Inc.