Mr. Alain Lambert reports

PRISMO METALS CLOSES STRATEGIC TRANSACTION WITH BLADE RESOURCES

Prismo Metals Inc. has closed its previously announced transaction with Blade Resources Inc., pursuant to which Prismo has assigned all of its rights, interests and obligations in the Hot Breccia copper project, located in the heart of the Arizona copper belt, to Blade.

Alain Lambert, chief executive officer of Prismo, commented: "In our opinion, Hot Breccia is one of the most compelling copper exploration opportunities in North America. We remain committed to advancing it toward drilling. The principals and financial backers of Blade have a long history and strong track record in raising significant capital for exploration programs of the scale required at Hot Breccia. We expect this will result in Hot Breccia being drilled this year."

For additional commentary on the transaction, please watch the interview Mr. Lambert gave to Radius Research on YouTube.

Drilling update at Silver King

Dr. Craig Gibson, chief exploration officer of Prismo, provided an update on the current drill program at the company's Silver King project, located in Arizona: "The first drill hole at Silver King, SK-26-01, was drilled vertically, and was successful in traversing the mineralized body as projected from the historic workings and reached a total depth of 477 feet (145 metres). Two small voids that are likely underground workings were intersected near the elevation of the 114-foot level and quartz veining extended from this level for about 100 feet downhole. Visible sulphide minerals are present in several intervals and the presence of silver minerals, including native silver, was confirmed through visual identification and with a hand-held XRF analyzer. Freibergite (Ag bearing tetrahedrite), stromeyerite (AgCuS) and probably acanthite (AgS) are also present. The second hole, SK-26,-02 is currently at a depth of 155 feet."

Phase 1 drill program highlights:

• 1,000 metrse of diamond drilling to test the upper portion of the steeply plunging, pipe-like Silver King mineralized body;
• Fully financed program;
• Additional drilling to test lower down in the mineralized structure and mineralized areas adjacent to the historic mine may also be completed.

Drilling is currently focused on testing the upper portion of the steeply west-dipping pipelike stockwork and breccia zone that historically produced high-grade silver and base metals, as well as targets adjacent to and beneath historic workings. Initial drilling is estimated at 1,000 metres in nine holes. A second phase of drilling will be dedicated to testing at deeper levels and areas adjacent to the historic mine. The silver mineralization at Silver King is similar to that of portions of the nearby Magma mine and exploration for nearby copper mineralization is warranted.

The Magma mine and Silver King mine share a common regional geological framework in the Superior mining district, characterized by a Precambrian to Paleozoic stratigraphic sequence, including Pinal Schist basement, diabase sills, the Apache Group sediments and Paleozoic limestones like the Martin formation, all tilted eastward and intruded by Laramide-age igneous bodies, such as quartz diorite stocks and andesite sills. While both exhibit fault-controlled mineralization-east-trending faults and veins with hydrothermal alteration like silicification and potassic zoning, Silver King features epithermal-mesothermal silver-dominant veins in porphyry with minerals like stromeyerite, tetrahedrite and acanthite, contrasting Magma's mesothermal copper-focused veins and limestone replacement ores (mantos) rich in chalcopyrite and bornite.

This vertical zoning suggests Silver King's shallower silver-enriched system may transition into deeper copper styles like Magma's, with overlapping sulphides indicating potential for untapped polymetallic extensions, especially given Magma's link to the underlying Resolution copper porphyry deposit.

Additional information on the transaction

In consideration for the transaction, Prismo was issued 6,755,000 common shares of Blade and received a cash payment of $185,000.

Following completion of the transaction, Prismo owns approximately 24 per cent of Blade's issued and outstanding shares, and is Blade's largest single shareholder (see additional early warning disclosure below).

Strategic rationale of the transaction

The transaction provides several strategic benefits:

• Value creation: Prismo is leveraging its investments in Hot Breccia into a significant stake in a company dedicated to advancing the Hot Breccia project.
• Access to capital with limited dilution: The structure provides enhanced access to capital for the Hot Breccia drill program through Blade, without direct dilution to Prismo shareholders.
• Strategic focus: Prismo will focus on advancing its remaining Arizona projects -- Silver King and Ripsey gold -- while Blade dedicates its efforts to advancing Hot Breccia.
• Enhanced attractiveness to strategic partners: With the potential for 100-per-cent ownership of Hot Breccia, Blade will be in a better position to possibly attract majors or strategic buyers.

Additional Prismo rights under the transaction

Under the terms of the transaction:

• Prismo has the right to nominate one representative to Blade's board of directors. The company has not yet determined its initial nominee.
• Blade has granted Prismo participation rights in future equity offerings, allowing Prismo to subscribe for shares on substantially the same terms as other investors in order to maintain its undiluted ownership percentage in Blade.

Early warning disclosure

This news release is issued in accordance with National Instrument 62-103, The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. Prior to the transaction, Prismo did not own any common shares of Blade. The common shares of Blade were acquired by Prismo for a total consideration of $2,364,250 and were acquired for investment purposes with a view to Blade's potential listing on a Canadian stock exchange.

Except as described in this news release, Prismo has no present plans or intentions that relate to or would result in any of the matters enumerated in paragraphs (a) through (k) of item No. 5 of Form 62-103F1.

Prismo will file an early warning report in accordance with applicable securities laws, which will be available under Blade's profile on SEDAR+. A copy of the early warning report may be obtained by contacting Gordon Aldcorn.

Qualified person

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

About Prismo Metals Inc.

Prismo is a mining exploration company focused on advancing its Silver King, Ripsey and Hot Breccia projects in Arizona, and its Palos Verdes silver project in Mexico.

About Blade Resources Inc.

Blade Resources is a private mining exploration company focused on development of North American copper and precious metals projects.

We seek Safe Harbor.