Prismo Metals Announces Closing of Private Placement

(TheNewswire)

Vancouver, British Columbia – TheNewswire - December 31st, 2025 – PrismoMetals Inc. (“Prismo” orthe “Company”) (CSE: PRIZ)(OTCQB: PMOMF) is pleased to announce that further to its news releaseDecember 3, 2025, the Company has proceeded with an upsized closing(the “Closing”) of itspreviously announced non-brokered private placement of units of theCompany (“Units”) at anissue price of $0.10 per Unit (the “Private Placement”). The Closing consisted in the issuance of2,940,000 Units for gross proceeds of $294,000.

“With the exception of one investor, every subscriber in this lastclosing is a new shareholder of Prismo,” said Alain Lambert CEO ofPrismo. “Our immediate priority is to undertake our fully fundeddrill program, as previously announced. This drill campaign will focusprimarily on the historic Silver King mine site and will be for aminimum of about 1,000 meters. The objective is to test the upper halfof the steeply dipping pipelike Silver King mineralized body as wellas potential mineralization adjacent to the dense stockwork that wasthe focus of historic mining.”

The Company previously announced the first closing of the PrivatePlacement on November 12, 2025 for aggregate gross proceeds of$1,745,000 and a second closing of the Private Placement on December2, 2025 for aggregate gross proceeds of $165,000. Due to stronginvestor demand, the Company has now raised aggregate gross proceedsof $2,204,000 through the sale of an aggregate of 22,040,000 Units.

Each Unit consists of one common share in the capital of the Company(a “Share”) and one commonshare purchase warrant of the Company (a “Warrant”). Each Warrant entitlesthe holder to purchase one Share for a period of thirty-six (36)months from the date of issue at an exercise price of $0.175.

The Company intends to use the net proceeds of the Private Placementprimarily for drilling at its Silver King project and for generalcorporate purposes. There may be circumstances,however, where, for sound business reasons, a reallocation of fundsmay be necessary. The Company expects to accept additionalsubscriptions of Units from new shareholders in the coming days for anapproximate amount of $75,000.

The Units issued pursuant to the Closing are subject to a four-monthhold period from the closing date of the Closing under applicableCanadian securities laws, in addition to such other restrictions asmay apply under applicable securities laws of jurisdictions outsideCanada.

In connection with the Closing, the Company issued anaggregate of 185,200 finder’s warrants (the “Finder’s Warrants”) and paidfinder’s commissions of $18,520 to a certain qualified finder. EachFinder’s Warrant is exercisable for a period of twenty-four (24)months from the date of issuance to purchase one Share at a price of$0.10. In addition, the Company paid a cash fee of $7,000 to afinancial advisor.

The securities being issued in connection with the Closing have notbeen and will not be registered under the U.S. Securities Act and maynot be offered or sold in the United States, or to, or for the accountor benefit of, U.S. persons or persons in the United States, absentregistration or an applicable exemption from the registrationrequirements. This press release shall not constitute an offer to sellor the solicitation of an offer to buy nor shall there be any sale ofthe securities in any State in which such offer, solicitation or salewould be unlawful.

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 the meaning of applicable Canadian securities laws.Forward-looking statements relate to future events or futureperformance and reflect the expectations or beliefs of managementof the Company regarding future 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 intentions with respect to, among other things: thetiming, costs and results of drilling at Silver King; the intended use of any proceeds raisedunder the Closing; and the completion of an additional tranche.

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; the potential inability of the Company to complete anadditional tranche on the terms disclosed, or at all; and those risks set out in theCompany'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 Closing as currently anticipated and on the timeline currentlyexpected; and that the Company will complete an additionaltranche.

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 orforward-looking information, theremay 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.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FORDISSEMINATION IN THE UNITED STATES

Copyright (c) 2025 TheNewswire - All rights reserved.