Mr. Scott Hicks reports

PRIME MINING RECEIVES FINAL ORDER FOR ARRANGEMENT WITH TOREX

The Supreme Court of British Columbia has granted the final order in connection with the company's plan of arrangement with Torex Gold Resources Inc., whereby Torex will, among other things, acquire all of the issued and outstanding common shares of Prime Mining Corp. Pursuant to the arrangement, shareholders of Prime will receive 0.060 of a common share of Torex for each Prime share held.

Subject to obtaining all required approvals and the satisfaction or waiver of all required conditions, including clearance under Mexican antitrust laws, the arrangement is expected to close in fourth quarter 2025. Following the closing of the arrangement, Prime shares are expected to be delisted from the Toronto Stock Exchange, the OTCQX and the Frankfurt Stock Exchange. Following the delisting, an application will be made for the company to cease to be a reporting issuer under applicable Canadian securities laws.

For a more detailed description of the arrangement, please refer to Prime's management information circular dated Aug. 25, 2025, available on SEDAR+ and on Prime's website.

About Prime Mining Corp.

Prime is managed by an ideal mix of successful mining executives, strong capital markets personnel and experienced local operators all focused on unlocking the full potential of Los Reyes project. The company has a well-planned capital structure with a strong management team and insider ownership.

We seek Safe Harbor.