Vancouver - PRUDENT MINERALS CORP. (CSE: PRUD) ('Prudent' or the 'Company') is pleased to report it has entered into an interim agreement to acquire 100% of the shares of Berlin Precious Metals Corp. ('Berlin') has the exclusive right to earn 100% of the ABE Gold Project ('ABE'), located 70-km south of the city of Medellin, Colombia, which consists of five concession applications covering 4,512ha, and a 110ha mining concession that's covers the Purimac gold mine (together, the 'Berlin Properties' refer to Transaction section).

ABE Gold is located in NW Colombia where a number of under-explored and well-endowed mineral districts host a multitude of world class gold deposits including La Colosa (+ 28 Moz), Marmato (+17 Moz), Buritica (+11 Moz) and the Segovia district (+3 Moz). Gold mineralization at ABE is hosted in quartz veins in an orogenic/mesothermal setting, analogous to the past producing Berlin Gold Deposit. The Berlin Gold Deposit is located 150 km to the north of ABE in an identical geological setting. Prudent cautions investors the presence of significant gold mineralization on each of the above referenced deposits is not necessarily indicative of similar mineralization on the Berlin Properties and the foregoing are provided for context only.

ABE covers the long active Purimac mine, dating back to the colonial period. The quartz vein-hosted mineralization is located along a 30m wide structural corridor that has been traced for over 2-km and mined underground over 17 levels and 2-km along strike; mineralization remains open in all directions. The mined mineralized shoots averaged a grade of 26g/t ton, with highlight muck grab samples of 96g/t Au. Grab samples are not necessary representative of mineralization.

Exploration by Berlin over the last 20 months includes: mapping at the Purimac mine, LIDAR over 20-km-2, and geochemistry over 119ha within the ABE mining concession identifying gold targets in parallel and sub-parallel geologic structures and 17 historical gold mines. Highlight gold values of 3.4g/t in surface soil samples and 6.61 g/t in accessible historical mines have been recorded. Additionally, ground magnetics were completed over 137ha. Further, 27-line-km of IP surveying at 100m and 200m line spacing is nearing completion.

'Prudent believes ABE has the large-scale potential, and initial modern exploration only commenced in late 2020,' commented Prudent President, Brett Matich.

About Prudent Minerals Corp.

Prudent Minerals Corp. is a Canadian publicly listed company conducting exploration on its SAT Property in British Colombia, Canada. On April 18, 2022, Prudent commenced trading on the Canadian Securities Exchange (CSE: PRUD) as a national resource company engaged in primarily acquisition, exploration and, if warranted, development of mineral properties.

Contact:

Tel: (+1) 604 365 1522

Except for statements of historic fact, this news release contains certain 'forward-looking information' within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as 'plan', 'expect', 'project', 'intend', 'believe', 'anticipate', 'estimate' and other similar words, or statements that certain events or conditions 'may' or 'will' occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the Canadian Securities Exchange There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the commercialization plans for Prudent Minerals Corp. described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available at www.sedar.com.

(C) 2022 Electronic News Publishing, source ENP Newswire