Dr. Rob Carpenter of Prospector Metals reports

PROSPECTOR ANNOUNCES $10 MILLION EQUITY INVESTMENT BY B2GOLD

B2Gold Corp. has agreed to complete an additional strategic investment into Prospector Metals Corp. Pursuant to the transaction, B2Gold has agreed to subscribe for an aggregate of 10,309,278 common shares of the company at a price of 97 cents per share for aggregate gross proceeds to the company of $10-million.

Dr. Rob Carpenter, chief executive officer and director of Prospector, said: "We are excited to continue and strengthen our partnership with B2Gold, and proceeds from this investment will go towards our now fully funded 2026 drill program on our flagship ML project, Yukon. Our 2025 drill program successfully defined several high-grade gold trends, which will be fully evaluated in 2026."

Upon completion of the acquisition of the shares, B2Gold will have aggregate beneficial ownership and control over approximately 17.2 per cent of the issued and outstanding common shares of the company upon completion of the offering.

This additional investment has been made in accordance with subscriptions rights granted to B2Gold pursuant to an investor rights agreement, which the company entered into in connection with B2Gold's initial strategic investment in the company, as disclosed in the company's news release dated June 28, 2024.

Closing of the offering is subject to the satisfaction of certain conditions, including receipt of approval by the TSX Venture Exchange. All securities issued in connection with the offering will be subject to a hold period of four months and one day from the date of closing, in accordance with applicable Canadian securities laws. There are no finders' fees or commissions payable in connection with the offering.

About B2Gold Corp.

B2Gold is a responsible international senior gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Canada, Mali, Namibia and the Philippines and numerous development and exploration projects in various countries.

About Prospector Metals Corp.

Prospector Metals is a proud member of Discovery Group. The company is focused on district-scale, early-stage exploration of gold and base metal prospects. Creating shareholder value through new discoveries, the company identifies underexplored or overlooked mineral districts displaying important structural and mineralogical occurrences similar to more established mining operations. The majority of acquisition activity occurs in Yukon and Ontario, Canada -- historical mining jurisdictions with an abundance of overlooked geological regions possessing high mineral potential. Prospector establishes and maintains relationships with local and indigenous rightsholders and seeks to develop partnerships and agreements that are mutually beneficial to all interested parties.

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