Mr. Mike Iverson reports

PROSPECT RIDGE COMPLETES EARN IN OF 100% OWNERSHIP OF CAMELOT COPPER-GOLD PORPHYRY PROJECT AND READIES 2026 EXPLORATION PLAN

Prospect Ridge Resources Corp. has completed the earn-in of its 100-per-cent interest in the Camelot Copper-Gold Porphyry Project from Orogen Royalties Inc. by issuing, effective March 2, 2026, a final payment of 2,303,121 common shares having a value of $175,000 based on the preceding 10-day volume-weighted average price (VWAP) on the Canadian Securities Exchange (see news release dated Sept. 10, 2025, for the full terms of the acquisition).

Prospect Ridge's chief executive officer, Len Brownlie, stated: "Camelot greatly strengthens our portfolio of large-scale copper-gold exploration assets in the Golden Horseshoe and Cariboo regions of central and Northern British Columbia -- areas globally recognized for hosting major copper-gold discoveries. At Camelot, our recently released drill results (see news release dated Feb. 25, 2026) have confirmed its addition to our growing pipeline of copper-gold porphyry targets, complementing our existing Excalibur and Castle projects."

2026 exploration plans

Prospect Ridge is finalizing its exploration plans for 2026, including drilling and associated work programs across several of its priority projects in British Columbia. Details of these programs will be announced when finalized within the next six weeks.

The company's exploration strategy is focused on systematically testing large-scale copper-gold porphyry systems within a region that remains vastly underexplored, despite hosting several significant mineral discoveries.

Flow-through financing

Prospect Ridge also announces a non-brokered flow-through private placement of up to $450,000, consisting of up to five million critical mineral flow-through shares at a price of nine cents per share. Proceeds will be used to incur eligible Canadian exploration expenses (which will also qualify as flow-through critical mineral mining expenditures under the Income Tax Act (Canada)) on the company's Excalibur, Castle and Camelot projects.

The offering remains subject to customary closing conditions, including regulatory approvals, including acceptance by the CSE. All securities issued will be subject to a statutory hold period of four months plus one day from the closing date. The company may pay finders' fees in accordance with applicable securities laws and exchange policies and subject to the receipt of any necessary regulatory approvals.

About Prospect Ridge Resources Corp.

Prospect Ridge Resources is a British Columbia-based exploration company focused on critical metals and gold. The company is advancing a portfolio of highly prospective copper-gold exploration projects across the Golden Horseshoe and Cariboo regions of north-central British Columbia. With a management and technical team bringing over 100 years of combined mineral exploration experience, Prospect Ridge is focused on identifying and developing the next major copper-gold porphyry discovery in some of Canada's most prospective yet underexplored mineral belts.

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