Dr. Craig Gibson reports

PRISMO METALS ANNOUNCES DRILLING TO COMMENCE AT LOS PAVITOS

Prismo Metals Inc. has noted that the drill rig for its upcoming exploration program has mobilized to its Los Pavitos project located in the well-mineralized Alamos region of southern Sonora state, Mexico. The company plans to test the main mineralized targets with a first-ever drill program planned for approximately 2,500 metres.

The company also announced assay results for the last four trenches from its recently completed trenching program (see news release of July 21, 2023). Two samples from the Santa Cruz area yielded 3.98 grams per tonne and 1.18 g/t gold (Au) over one metre and 2.7 m, respectively, as shown in the table entitled "Highlight assays from Los Pavitos trenches."

Dr. Craig Gibson, president and chief executive officer, commented: "Exploration over the last year and a half has identified several robust exploration targets at Los Pavitos. We are looking forward to drilling the particularly prospective Santa Cruz and Las Aurus areas, as well as other mineralized zones. The first round of drilling will be comprised of shallow inclined holes of 75 to 100 m depths, to confirm correct dip and widths of the mineralized structures."

The trenching program across the main mineralized trends on the Los Pavitos property consisted of a cumulative length of 698 metres in 25 trenches. The best assays for individual samples are 20.4 g/t Au and 207 g/t silver (Ag) over two metres at Las Auras, and 16.7 g/t Au and 48,2 g/t Ag over one m at Santa Cruz. The main objective of the trenching program was to define the orientation and full width of the mineralized structures prior to starting the drill campaign.

Palos Verdes drilling 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. Ten holes have been completed for a total of about 2,035 metres of HQ core drilled for the current program, with an 11th hole in progress. Assays for seven holes, PV-23-19 to PV-23-25, have been reported. Three holes remain in the program, after which the drill crew is expected to take a two-week break.

Quality assurance/quality control

Rock samples taken by Prismo were analyzed by multielement ICP-AES (inductively coupled plasma atomic emission spectroscopy) and MS (mass spectrometry) 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. Ag, lead (Pb) and zinc (Zn) over 1 per cent, and Au values over one g/t, 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. Gibson, PhD, CPG, a qualified person as defined by National Instrument 43-01 regulations, and president, CEO 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.