Capella Minerals Ltd. announced that it has entered in to a Property Acquisition Agreement with Prospector Metals Corp. through which Prospector will acquire a 100% interest in the Savant Gold Project in Ontario, Canada. Prospector has been exploring the Savant Gold Project through an Earn-In Agreement announced in September, 2020, and has defined a number of high-grade gold targets from work conducted within both the extensive Iron Formation sequences (e.g. the Snowbird, Horseshoe targets) and the Wiggle Deformation Zone.

Terms of the Property Acquisition Agreement Prospector will acquire a 100% interest in the Savant Gold Project from Capella in accordance with the following terms: 1. Prospector to make a cash payment to Capella of CAD 50,000 on closing; 2. Prospector to issue Capella 1,000,000 common shares (with a standard regulatory hold period of 4 months) upon closing; and, 3. Capella to retain a 1% Net Smelter Royalty ("NSR") on any potential future production from the property (with 0.5% being purchasable at any time for CAD 1,000,000). The Property Acquisition Agreement replaces the existing Earn-In Agreement in its entirety, and closing will be subject to TSX Venture Exchange (and other regulatory) approvals being obtained.