Prospector Metals Corp. announced that a second field reconnaissance program, including detailed airborne geophysical surveying, is scheduled to commence in Fourth Quarter 2023 at the Company's 100% owned Devon Ni-Cu-PGE Project in Ontario. Following its highly successful initial work program, this new program will further investigate the potential for district-scale nickel mineralization and cover multiple prospective target structures.

The Devon Project is located near Thunder Bay, Ontario, in close proximity to some of Prospector's other Ni-Cu-PGE projects including the Garden and Whitton. Recent field work completed by Prospector returned samples with up to 1.125 % Cu, 0.53 % Ni, and 3.54 g/t Pd+Pt, and 0.123 % Co. The identification of Devon follows the Company's strategic focus on evaluating the Ni-Cu-PGE potential in NW Ontario through re-evaluation of publicly available geologic and geophysical data to define robust drill ready targets that have been overlooked.

At the Copper Hill Occurrence, angular boulders returned assays of up to 1.125 %Cu, 0.4 % Ni, and 2.35 g/t Au+Pd+Pt and 1.015 % Cu, 0.298 % Ni, and 3.81 g/t Au+Pt. Over a dozen similarly mineralized angular blocks were noted within an area several hundred metres in extent, ranging from 15 cm cobbles up to several angular boulders greater than 1 m in diameter. Multiple occurrences along the Pigeon River dykes were identified in outcrop returned assays of up to 0.73 % Cu, 0.53% Ni, 0.114 % Co, and 0.22 g/t Au+PD+Pt, 0.64 % Cu, 0.437 % Ni, and 0.267 g/t Au+P d+Pt, and 0.,47% Cu, 0.097 % Ni, and 0.404 g/t Au+Pg+Pt.

This region is host to several ages of world class deposits and districts including Lac des Iles, Shebandowan, and Current Lake, as well as the high-grade Eagle /E Eagle East and Tamarack deposits in neighboring Michigan and Minnesota, respectively. Following a thorough digital compilation and audit of the available historical data for the Project, including 3D magnetic inversion modelling of existing magnetic data, further geophysical and LiDar surveys may be considered - culminating in strategic prospecting programs designed to target and ground truth mineralization with an emphasis on potential structural controls. Localized ground geophysics of selected targets would likely follow to further define highly conductive buried targets in potential feeder systems.