PRUDENT MINERALS CORP. announced, in accordance with National Instrument 43-101 it has filed an independent Technical Report entitled "ABE Gold Project, Department of Antioquia, Republic of Colombia" by Qualified Person Warren D. Robb, P.Geo. with an effective date of December 17, 2022. The ABE Project is under option to Berlin Precious Metals Corp., which is being acquired by the Company as previously announced December 30, 2022. The ABE project lies adjacent to Romeral Fault system and the Middle Cauca Metallogenic Belt of north central Colombia approximately 70-km south of the city of Medellin. The Middle Cauca Belt hosts several large-scale gold and copper-gold deposits. ABE hosts an exploration target which is estimated to be up to 6.3 million tonnes with potential grades of 5.0 to 15.0 g/t gold based on certain assumptions: The size and extent of the historic workings, which occur between 1,600m and 1,350m ASL. A strike length of 800m was used of the 1600m outlined by the coincident NE trending workings, Magnetometer and Induced Polarization resistivity responses. Four underground quartz veins displaying widths of 1.0 to 3.0m, an average dip of -65° resulting in estimated true widths of 0.90 to 2.90m of all veins. A specific gravity of 2.72 is estimated for the quartz. The QP specified the exploration target potential quantity and grade is conceptional in nature, that there has been insufficient exploration to define mineral resources and that it is uncertain if further exploration will result in the target being delineated as a mineral resource. As such, readers are cautioned that the quantity and grades indicated herein may not be realized through the Company's exploration activity and the foregoing is provided for
Extensive soil geochemistry and geophysical programs were conducted from November 2021 through to October 2022.
context only. Readers should refer to the NI 43-101 report. A total of 167 samples were tabulated from surface, underground and mill feed or concentrate sampling. Elevated gold values have been returned from sampling with 131 of the 167 samples collected thus far returning values greater than 1 gram per tonne of gold. Highlights include: 162.00 g/t gold over 1.0m, 80.37 g/t gold over 1m and 97.33 g/t gold over 1.0m. So far, exploration was designed to enhance the understanding of the gold mineralization currently exploited at the Purimac gold mine. The rock sampling at the mine has shown that the quartz veins are hosting gold mineralization with values that have exceeded 100 g/t gold over 1.8m. The Purimac veins appear continuous and are projected with orientations that are coincidental with seven historical workings, soil geochemistry, ground magnetics and induced polarization resistivity responses. This coincidental trend extends over 1,600m and spans a width of approximately 680m and is open in all directions. An extensive soil chemistry program is underway over the 1,600m by 680m zone, with the objective of extending the underground Purimac gold vein system and advancing delineation of drill targets.