Prospect Ridge Resources Corp. announce that it has completed its acquisition of 100% of the Holy Grail property. It is located 10 km northeast of the town of Terrace, BC.

With this acquisition PRR now controls some 730 square kilometers of ground in the Terrace area. In connection with the finalization of this acquisition, the Net Smelter Royalties ("NSR") have been modified. Loan Wolf Exploration Ltd. has a 1.5% NSR on the property from which 1% can be purchased for $1 Million.

Knauss Creek Mines Ltd. also gets 1.5% NSR on the property from which 1% can be purchased for $1Million. The Holy Grail property starts about 10 kilometers north of the town of Terrace in the Province of British Columbia, Canada. It is easily accessible by highway 16, the Nisga'a highway and a network of logging roads.

It covers about 700 square kilometers and forms a horseshoe that encloses fully owned Knauss Creek property in its southeastern part. Prospecting led to the discovery of several gold, silver, copper, lead and zinc showings. Gold rich grab samples with values up to 50 g/t Au were obtained.

The southern tip of the Golden Triangle arrives just northwest of PRR properties. The Bowser Lake and the Hazelton Groups hosting most of the deposits and mines of this area are also underlying the Knauss Creek and Holy Grail.