Prismo Metals Announces Assay & IP Survey Results at Silver King

(TheNewswire)

CrownPorphyry-Stockwork Drill Targets Confirmed

Vancouver, British Columbia, January 7th, 2026 – TheNewswire – Prismo Metals Inc.(“Prismo” or the “Company”) (CSE: PRIZ) (OTCQB:PMOMF) is pleased to announce it has received final assay results forsamples taken at the Silver King Project from the Crown porphyrytarget area located on the east side of the property (Fig. 1).

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Figure 1.  Mapshowing the location of the Crown porphyry and stockwork and BlackDiamond replacement exploration targets at the Silver King project. Claim boundaries are shown in yellow.

Overlimit silver assays have been received for the samples taken inlate 2025, showing high grade silver mineralization associated withquartz-sulfide veins hosted by the Crown porphyry (Fig 2, Table 1).These assays provide evidence for a high-priority drill target,especially when taken in conjunction with the high gold assaysreported previously for the stockwork intrusion (see the News Releaseof Dec. 3, 2025).  

“Prismo optioned Silver King with existing drill targets around thehistorically significant high-grade silver mine. Based on the geologyand its location in a well mineralized region, we believed thatadditional mineralization was also likely present. Our work in thesecond half of 2025 indicates that we were correct, and we now haveexceptional drill targets at the Crown porphyry and adjacent BlackDiamond replacement areas,” stated Craig Gibson, Chief ExplorationOfficer of the Company. He added, “With the high-grade gold assaysreported in December and the copper assays at the Black Diamondreplacement, we now have a very significant precious-metal and coppertarget at Silver King similar to other areas in this well mineralizeddistrict that includes the Magma mine and the Resolution copperdeposit.”  

"These additional assay results along with the IP surveyinformation continue to enhance and support our exploration thesis ofthe Silver King mine and surrounding areas," stated GordonAldcorn.  "This modern-day review has yielded additional drilltargets and prospective structures to our program in this already verystrategically located project."

Table 1. Assay results for selected samples fromthe Crown porphyry stockwork

*Assays previously released in NewsRelease of December 3, 2025.

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Figure 2. Precious metal andcopper assays from the Crown porphyry
and the Black Diamond replacement body at the Silver King Project.

IP Survey

The Company also completed a pole-dipole IP survey over a part of theSilver King project in December 2025.  This survey was designed toprovide some additional 3-dimensional data for areas identified duringthe initial gradient array survey (see News Release dated December 3,2025). This new survey confirmed the presence of importantchargeability and resistivity anomalies at the Silver King project.The Silver King silver mine appears to be associated with a large lowresistivity anomaly located on the contact of the Silver King dioriteporphyry (Fig 3). There is also low resistivity anomalies associatedwith the Crown porphyry and near the replacement mineralization atBlack Diamond (Fig 3). The highest chargeability anomalies appear tobe associated with the altered country rocks along intrusive contacts,but a chargeability high is also associated with the Crown porphyrystockwork intrusion. The anomaly associated with the Crown porphyry isparticularly interesting and can be traced from shallow levels toabout 300 meters in depth.  

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Figure 3. IPresistivity map at a depth of 75 meters, overlain on geology andshowing the Silver King glory hole (black line), Black Diamondreplacement body in red, and the Crown porphyry-stockwork in magenta. 

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Figure 4. IPchargeability at a depth of 75 meters, overlain on geology and showingthe Silver King glory hole (black line), Black Diamond replacementbody in red, and the Crown porphyry-stockwork in magenta.  

Drilling Update

Alain Lambert, CEO of Prismo commented: ”The results announced todayconfirm the vast exploration potential at Silver King. While we lookforward to drilling these new targets in the future, our plans remainunchanged. Our immediate priority is to undertake our fully fundeddrill program, as previously announced. This drill campaign willprimarily focus on the historic Silver King mine site and will beabout 2,000 meters. The objective is to test the upper half of thesteeply dipping pipelike Silver King mineralized body as well aspotential mineralization adjacent to the dense stockwork that was thefocus of historic mining.”

Mr. Lambert added: “We are pleased with the steady progress on thepermitting front. The collaboration of Forest Service officialsdemonstrates a clear commitment to supporting mining activities inArizona.”

Prismo recently announced that the Forest Service, the federal surfaceland management entity for Silver King, had determined that theCompany’s proposed drill plan meets the regulatory requirements forprocessing, and that such plan is complete, as described in theregulations at 36 CFR 228.4(c).

The Forest Service is currently proceeding with the environmentalanalysis pursuant to 36 CFR 228(a)(5) in conformity with the NationalEnvironmental Policy Act (NEPA). This analysis is proceeding as aCategorical Exclusion, the lowest level of environment reviewsapplicable to projects that are not expected to have a significanteffect on the environment, such as Silver King.

QA/QC

Samples were analyzed by SGS, aninternationally recognized analytical lab, with preparation at theTempe, Arizona facility and analyses at the Burnaby laboratory. Prismo inserts controls samples consisting of a standard pulps and acoarse blanks in the sample stream, and the lab also inserts controlsamples.  

Qualified Person

Dr. Craig Gibson, PhD., CPG., aQualified Person as defined by NI-43-01 regulations and ChiefExploration Officer and a director of the Company, has reviewed andapproved the technical disclosures in this news release. 

About Prismo Metals Inc.

Prismo (CSE: PRIZ) is a mining exploration company focused onadvancing its Silver King, Ripsey and Hot Breccia projects in Arizonaand its Palos Verdes silver project in Mexico.

Please follow @PrismoMetals on Twitter, Facebook, LinkedIn, Instagram, and YouTube

Prismo Metals Inc.

1100 - 1111 Melville St., Vancouver, British Columbia V6E 3V6 Phone:(416) 361-0737

Contact:

Alain Lambert, Chief Executive Officer alain.lambert@prismometals.com

Gordon Aldcorn, President gordon.aldcorn@prismometals.com

Neither the Canadian SecuritiesExchange nor its Market Regulator (as that term is defined in thepolicies of the Canadian Securities Exchange) accepts responsibilityfor the adequacy or accuracy of this release.

Cautionary Note RegardingForward-Looking Information

This release includes certainstatements and information that may constitute forward-lookinginformation within themeaning of applicable Canadian securities laws. Forward-lookingstatements relate to future events or future performance and reflectthe expectations or beliefs of management of the Company regardingfuture events. Generally, forward-looking statements and information can beidentified by the use of forward-looking terminology such as“intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This information and thesestatements, referred toherein as "forward-looking statements", are not historicalfacts, are made as of the date of this news release and includewithout limitation, statements regarding discussions of future plans,estimates and forecasts and statements as to management'sexpectations and intentionswith respect to, among other things: the timing, costs and results ofdrilling at Silver King; and the intended use of any proceeds raised under recentfinancings.

These forward-looking statements involve numerous risks and uncertainties, andactual results might differ materially from resultssuggested in any forward-looking statements. These risks anduncertainties include,among other things: the potential inability of the Company toutilize the anticipated proceeds of the Private Placement asanticipated; and those risksset out in the Company's public disclosure record on SEDAR+(www.sedarplus.com) under the Company’s issuer profile.

In making the forward-lookingstatements in this news release, the Company has applied severalmaterial assumptions,including without limitation, that the Company will use the proceeds ofthe Second Tranche as currently anticipated and on the timelinecurrently expected.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materiallyfrom those contained in forward-looking statements or forward-looking information,there may be other factors that cause results not to be as anticipated, estimated orintended. There can be no assurance that such statements will prove tobe accurate, as actual results and future events could differmaterially from those anticipated in such statements. Accordingly,readers should not place undue reliance on forward-looking statementsand forward- looking information. Readersare cautioned that reliance on such informationmay not be appropriate for otherpurposes. The Company does not undertake to update any forward-lookingstatement, forward-looking information or financial outlook that are incorporated byreference herein, except in accordance with applicable securitieslaws. We seek safe harbor.

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