VANCOUVER, British Columbia, Sept. 01, 2026 (GLOBE NEWSWIRE) -- Prosper Gold Corp. (“ProsperGold” or the “Company”) (TSXV:PGX) announces that it has closed its previously announced sale of the Golden Sidewalk and Skinner properties (the “Properties”) to Kenorland Exploration Ltd. (“Kenorland”) following satisfaction of customary closing conditions, including receipt of the requisite approval from shareholders and conditional approval from the TSX Venture Exchange (the “Transaction”).

On August 20, 2026, disinterested shareholders of the Company approved the Transaction by the requisite two-thirds majority of the votes cast at the annual general and special meeting of shareholders.

On closing of the Transaction, Prosper Gold received C$1,000,000 in cash from Kenorland. Kenorland is at arm’s length to the Company. No finders’ fees were payable in respect of the Transaction.

TheProperties

The Golden Sidewalk is a district-scale gold exploration project covering over 160 square kilometres of contiguous mineral claims and mining leases in the western Birch-Uchi Greenstone Belt, approximately 60 km east of Red Lake, Ontario. No significant exploration activities were completed by Prosper Gold at the Golden Sidewalk Project for the period ended January 31, 2026. On September 1^st, 2026, Prosper Gold completed the sale of the Properties to Kenorland.

For a detailed overview of Prosper Gold please visit www.ProsperGoldCorp.com

ONBEHALFOFTHEBOARDOF DIRECTORS

Per: “Peter Bernier”
Peter Bernier President & CEO
For further information, please contact: Peter Bernier
President & CEO Prosper Gold Corp. Cell: (250) 316-6644
Email: Pete@ProsperGoldCorp.com

Information setforthin thisnewsreleasemayinvolveforward-looking statementsunderapplicablesecuritieslaws. Forward-looking statementsarestatementsthatrelatetofuture,notpast,events.Inthiscontext,forward-lookingstatementsoftenaddressexpected futurebusinessand financialperformance,and often contain words such as"anticipate","believe", "plan","estimate", "expect",and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions.Allstatements,otherthanstatementsofhistoricalfact,includedhereinincluding,withoutlimitation;statementsabout royalties in respect of the Properties; future exploration successes at the Properties and the ability for the Company to participate in the upside in respect of the same; and the benefits of the Transaction to the Company are forward-looking statements. Bytheirnature,forward-lookingstatementsinvolveknownandunknownrisks,uncertaintiesandotherfactorswhichmaycauseour actualresults,performanceorachievements,orotherfutureevents,tobemateriallydifferent fromanyfutureresults,performance orachievementsexpressedorimpliedbysuchforward-lookingstatements.Suchfactorsinclude,amongothers,thefollowingrisks: contractual risks associated with royalty agreements, including their scope and enforceability; operationalrisksassociatedwithmineralexploration;fluctuationsincommodity prices;titlematters;environmentalliabilityclaimsandinsurance;relianceonkeypersonnel;thepotentialforconflictsofinterest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatilityofourcommonsharepriceandvolumeandtheadditionalrisksidentifiedthemanagementdiscussionandanalysissection of our interim and most recent annual financial statement or other reports and filings with the TSXV and applicable Canadian securities regulations. Forward-looking statementsaremadebasedon management'sbeliefs, estimatesandopinionson thedatethat statementsaremadeandtheCompanyundertakesnoobligationtoupdateforward-lookingstatementsifthesebeliefs,estimatesand opinions or other circumstances should change, except as requiredby applicable securitieslaws. Investorsarecautioned against attributing undue certainty to forward-looking statements.

NeithertheTSXVnoritsRegulationServicesProvider(asthattermisdefinedinthepoliciesoftheTSXVentureExchange)accepts responsibility for the adequacy or accuracy of this release.