Prospector Metals Corp. (TSXV:PPP) entered into an agreement to acquire 100% stake in Mike Lake Property from Troilus Gold Corp. (TSX:TLG) for CAD 2.4 million on December 29, 2023. Troilus retains 20% Ownership Interest in the Mike Lake Property. At closing, it is expected that Prospector Metals will issue to Troilus 8,638,433 post-consolidation common shares. The ?Milestone Payment Amount? shall be equal to: the sum of CAD 1,000,000, if the Prospector Metals market capitalization is less than or equal to CAD 20,000,000; and the sum of CAD 2,000,000, if the Prospector Metals market capitalization is greater than CAD 20,000,000. Troilus will become a keystone shareholder and is expected to own 19.9% of the issued shares of Prospector on closing of the transaction. The transaction with Troilus is subject to Prospector completing a concurrent equity financing for gross proceeds of not less than CAD 1,000,000.

Prospector Metals Corp. (TSXV:PPP) completed the acquisition of 100% stake in Mike Lake Property from Troilus Gold Corp. (TSX:TLG) on March 5, 2024. Pursuant to the Transaction, the Company issued 9,222,164 common shares of the Company to Troilus after giving effect to the Company?s Consolidation.