Prospector Appoints Michael Rockandel as Vice President, Corporate Communications

Core Viewpoint - Prospector Metals Corp. has appointed Mr. Michael Rockandel as Vice President of Corporate Communications, indicating a strengthening of its senior management team as the company prepares for significant exploration activities in 2026 [1][2]. Group 1: Management Changes - Mr. Michael Rockandel has been promoted to Vice President, Corporate Communications, reflecting his integral role within the company since joining full-time [1][2]. - Dr. Rob Carpenter, President and CEO, expressed confidence in Rockandel's work ethic and dedication, highlighting the positive impact of this appointment on the management team [2]. Group 2: Exploration Activities - Prospector is gearing up for a 25,000-meter drill program at the ML Project in Yukon, with drilling contracts already in place and an anticipated start date of May 15, 2026 [2]. - The company has secured a fully financed budget of CAD $15 million for 2026, supported by a treasury exceeding CAD $43 million [2]. Group 3: Financial Updates - All warrants due to expire on March 5th have been exercised, totaling 18,699,544 warrants at a price of CAD $0.30, generating proceeds of CAD $5,609,863 [3]. - The exercise of these warrants by insiders and advisers demonstrates ongoing confidence in the company's business model [3]. Group 4: Share Incentive Grants - The company granted 2,400,000 deferred share units (DSUs), 1,540,000 restricted share units (RSUs), and 450,000 incentive stock options to directors, officers, employees, and consultants as part of its annual compensation review [4]. - Each option is exercisable for five years at a price of CAD $1.22 per common share, with grants subject to TSX Venture Exchange approval and vesting conditions [4]. Group 5: Company Overview - Prospector Metals Corp. focuses on early-stage exploration of gold and base metal prospects, aiming to create shareholder value through new discoveries in underexplored regions [5]. - The company primarily operates in Yukon and Ontario, Canada, which are historical mining jurisdictions with significant mineral potential [5]. - Prospector emphasizes building relationships with local and Indigenous rightsholders to foster mutually beneficial partnerships [5].