Dr. Craig Gibson reports

PRISMO METALS COMPLETES TRENCHING PROGRAM AT LOS PAVITOS

Prismo Metals Inc. has completed the trenching program at Los Pavitos. A total of 347 samples from trenches have been submitted to the lab for assay, with results received for 303 samples to date. The trenching was generally focused on areas with little outcrop along strike from areas with quartz veining and high-grade surface assays. In general, the best trench results are located in the Santa Cruz and Las Auras areas, as expected based on surface sampling results. The 5,289-hectare (20-square-mile) Los Pavitos project is located in the well-mineralized Alamos region of southern Sonora state, Mexico.

Results show wide zones of mineralization, with the best being four metres with 10.3 grams per tonne gold and 104 grams per tonne silver within a 19-metre-long mineralized interval at Las Auras and 7.8 metres with 2.31 grams per tonne gold and 13 grams per tonne silver at Santa Cruz, along with several intervals of lower-grade mineralization (see attached table).

Dr. Craig Gibson, president and chief executive officer, commented: "Trench sampling at Los Pavitos has shown that, in some areas, the narrow, high-grade quartz veins defined in surface sampling are hosted by wider mineralized structures. Wider zones of gold mineralization near the surface could be important for future development of the property. We are looking forward to exploring these mineralized zones by drilling, planned to commence shortly."

The trenching program across the main mineralized trends on the Los Pavitos property is now complete. The cumulative length of trench samples is 698 metres in 25 trenches. The best assays for individual samples are 20.4 grams per tonne gold and 207 grams per tonne silver over two metres at Las Auras and 16.7 grams per tonne gold and 48.2 grams per tonne silver over one metre at Santa Cruz. The main objective of the trenching program is to define the orientation and full width of the mineralized structures prior to starting the drill campaign, expected shortly.

Palos Verdes assay update

The company is in the process of completing a 2,500-metre drill program on the Palos Verdes project. The drill program is designed to test the areas of the Palos Verdes vein system in areas where there previously was no drill access, mainly along the northeastern extension of the vein system and certain areas in the southwestern portion where previous drilling occurred. Eight holes have been completed for a total of about 1,500 metres of HQ core drilled for the current program. Assay data from the first seven holes have been received from the lab and evaluation is in progress. The company now expects to announce those results next week. Hole PV-23-25 has shown multistage vein mineralization with locally abundant sulphide minerals from about 150.3 metres to 154.2 metres. This hole was drilled in the centre of the vein system under the previous drilling and near hole PV-11, which was drilled at a steeper angle from closer to the vein outcrop.

Quality assurance/quality control

Rock samples taken by Prismo were analyzed by multielement ICP-AES and MS methods by ALS Group, an internationally recognized analytical service provider. Gold is analyzed as part of the ICP package using a 25-gram aqua regia digestion. Silver, lead and zinc over 1 per cent and gold values over one gram per tonne are reanalyzed by an overrange ICP method. Certified reference materials including standard pulps and coarse blank material were inserted in the sample stream at regular intervals.

Dr. Craig Gibson, PhD, CPG, a qualified person as defined by National Instrument 43-01 regulations and president, chief executive officer and a director of the company, has reviewed and approved the technical disclosures in this news release.

About Prismo Metals Inc.

Prismo is mining exploration company focused on two precious metal projects in Mexico (Palos Verdes and Los Pavitos) and a copper project in Arizona (Hot Breccia).

We seek Safe Harbor.