Prosper Gold Corp. reported remaining results from its inaugural drilling program and the outlining of an additional high-priority, kilometre-scale target at the Golden Sidewalk Project Red Lake, Ontario. The Golden Sidewalk is a district-scale gold exploration project covering over 160 square kilometres of contiguous mineral claims and mining leases (see the Company's Aug.

10, Sept. 8, and Sept. 15, 2020 news releases for details) in the western Birch-Uchi Greenstone Belt, approximately 60 km east of Red Lake, Ontario.

The vehicle-accessible project straddles 12 kilometres of the Balmer Assemblage – Narrow Lake Assemblage unconformity, a regional-scale feature that has been the Red Lake exploration guide, but which has seen limited exploration in the project area. The “Golden Corridor” lies immediately north of the unconformity and is characterized as a highly prospective trend of coincident favorable magnetic and resistivity lineaments supported by highly anomalous gold-in-till samples covering 7.0 by 0.5 kilometres. An additional highly prospective target area was defined in 2021, termed the Skinner North Target Area, where rock samples up to 16.3 g/t gold and till samples containing up to 1,014 gold grains have not been followed up with drilling.

Over the course of its 2022 winter drilling program, the Company has completed 6,741 metres in 21 drill holes over 2.8 kilometres of the Golden Corridor trend (Figure 1). Drilling continues to outline a large hydrothermal system with associated ankerite ± biotite alteration and gold mineralization over a 2.8 kilometres long trend and to depths of over 500 m. Significant gold intercepts are outlined in Table 1 below. Mineralization encountered in drilling at the Golden Corridor to date occurs in three dominant styles.Arsenopyrite-pyrite-pyrrhotite ± gold in quartz-carbonate veins.Pyrite ± gold in quartz-ankerite veins within mafic interbeds internal to sheared ultramafic unit.

Arsenopyrite-pyrite-pyrrhotite replacing sulphide and oxide facies Banded Iron Formation and associated with silicification ± quartz veining.