Prismo Metals Intercepts Wide Vein Structure at Palos Verdes in Hole #4

Four holes completed, hole #5 underway

Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) (the "Company" or "Prismo") is pleased to provide an update on the current drill program at its Palos Verdes project, located in the historic Panuco-Copala district of the state of Sinaloa, Mexico. A total of 1,203 meters have been drilled to date out of a planned minimum of 2,000 metres. The Company expects to complete the current drilling in early November. The Palos Verdes property is contiguous to the Panuco silver-gold project of Vizsla Silver Corp.

The drilling program is designed to test the Palos Verdes vein at depths where it is believed that potential for a large ore shoot is present, similar to the drilling accomplished by Vizsla Silver Corp. on their adjacent land package. Four holes have now been completed and the fifth hole is in progress.

Technical Summary

1,203 meters drilled to date in four holes; currently drilling the fifth hole of the current drilling campaign (PV-22-15).
Wide structural zones are being intersected at depth where the Palos Verdes vein is branching into several strands measuring from about 0.5 meters to nine meters in width, separated by andesite wall rock cut by narrow veins and veinlets, in contrast to a large discrete quartz vein near the surface.
Sampling is being completed on the entire structural zone including wall rock with veinlets.
Assay results expected in early November.

Drill hole data for holes from the ongoing program:

Hole	Hole # current campaign	Easting	Northing	Elev.	Azim	Incl		Depth (m)
PV-22-11	#1	413,761	2,593,096	1,209	355	-82	393.00
PV-22-12	#2	413,759	2,593,095	1,209	325	-75	207.00
PV-22-13	#3	413,758	2,593,094	1,209	300	-80	300.00
PV-22-14	#4	413,610	2,592,919	1,230	330	-75	303.00
PV-22-15	#5	413,610	2,592,919	1,230	15	-80	-

*PV-22-15 initiated on Oct 18, 2022. Coordinates in UTM WGS84 using handheld Garmin GPS.

"Much wider structural zones were intersected in the current drilling than in previous shallow drilling, which cut mainly discrete quartz veins hosted by andesitic wall rocks. Although not yet assayed, the wider zones with multiple stages of mineralization provides additional opportunities to encounter significant high-grade mineralization that the district is known for. The veins are multistage with several crosscutting and brecciation events, and exemplary epithermal vein textures are visible in the core. Another new feature of these deeper intercepts is the presence of darker gray quartz with sulfides and some fracture fillings of sulfide minerals with relatively minor gray quartz fill in the andesitic rocks adjacent to discrete quartz veins," said Prismo President and CEO Craig Gibson.

He added: "As announced on October 11, 2022, after analyzing Vizsla Silver's recent drill data, Prismo adopted a new protocol for sampling in the same fashion as Vizsla Silver over the wide structural zones, including in wallrocks with quartz veinlets. Additional sampling of the second and third holes has been completed and hole #4 samples are currently being prepared, as well as some from the holes from previous campaigns. A shipment to the lab is expected late this week. Assay results will be announced after the Company receives and analyzes the results for the first four holes."

Holes #2 and #3 (PV-22-12 & 13)

The structural zone in hole PV-22-12 measured 29 meters along the core, and the structural zone in hole PV-22-13 measured 36 meters downhole. The true width of the reported intercepts is believed to be about 60% of the reported downhole lengths, or about 17.4 meters and 21.6 meters estimated true width respectively.

The Palos Verdes structure in holes #2 and #3 is observed to be dividing into multiple strands with variable amounts of veinlet mineralization in the andesite wall rock between them. Discrete quartz veins, measuring from 0.5 to 2 meters in width, are multistage and have locally abundant sulfide minerals in bands, mainly pyrite and sphalerite but locally with galena, chalcopyrite and possible silver sulfide. The boundaries of the structural zone are commonly observed to be sheared or brecciated and may contain fragmented vein material as well as sulfide minerals.

Hole #4 (PV-22-14)

The fourth hole of the current drilling campaign was drilled about 200 meters southwest of the previous holes near the southwestern limit of the Palos Verdes concession. A similar wide structural zone measuring about 70 meters downhole was intersected. The true width of the reported intercepts is believed to be about 60% of the reported downhole length, or 42 meters estimated true width.

Several discrete multistage quartz veins measuring about 0.5 to 9 meters in width as well as local zones of gray quartz veins and breccia matrix are present over the 70-meter downhole structural interval. Gray quartz contains locally abundant sulfide minerals, mostly pyrite and sphalerite but locally with galena, chalcopyrite and possibly acanthite. Some of these veins show gray quartz and sulfide minerals filling fractures and breccias. Cross-cutting milky quartz veins with late amethyst filling stand out in contrast with the darker quartz and wall rock. There is more post mineral shearing and brecciation than observed in previous holes.

Cross section through hole #4 (PV-22-14) showing interpreted Palos Verdes structure.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7434/141210_prismofigure1.jpg

Longitudinal vein projection showing assays from selected rock samples and drill intercepts as well as drill intersections from the current program (no assays) and planned intersections.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7434/141210_prismofigure2.jpg

Photos of selected portions of the structural intercepts in holes #3 (PV-22-13) and #4 (PV-22-14) are presented below and on the Prismo website.

The intercepts reported today are about 50 to 125 meters below previous shallow drilling that had several high-grade intercepts, with the best being 2,336 g/t Ag and 8.42 g.t Au over a true width estimated at 0.8 meters within a larger mineralized interval with 1,098 g/t Ag and 3.75 g/t Au over a true width of 2.3 meters (see Prismo's news releases dated September 30 and December 20, 2020).

Hole #3 (PV-22-13) 130.8 to 136.9 meters, boxes 61-63, showing dark and light quartz veins, veinlets and breccia filling with sulfide minerals cutting andesite wall rock.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7434/141210_prismofigure3.jpg

Hole #3 (PV-22-13) 139.1 to 142.9 meters, boxes 65-67, showing dark and light quartz veins, veinlets and breccia filling with sulfide minerals cutting andesite wall rock sheared contact at right.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7434/141210_prismofigure4.jpg

Hole #4 (PV-22-14) 178.3 to 184.9 meters, boxes 80-82, showing light colored and dark gray quartz veins, veinlets and breccia filling with sulfide minerals cutting andesitic wall rock.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7434/141210_35a4c45c7437381f_010full.jpg

Hole #4 (PV-22-14), 193.55 to 200.0 meters, boxes 87-89, showing 2.5 meter multistage quartz vein on the left with wall rock andesite cut by abundant narrow quartz veins and veinlets.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7434/141210_35a4c45c7437381f_011full.jpg

Hole #4 (PV-22-14) interval from 219.45 to 232.65, boxes 99 to 104, showing 9 meter wide multistage quartz vein in variably mineralized andesite.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7434/141210_35a4c45c7437381f_012full.jpg

Hole #4 (PV-22-14) interval from 219.45 to 232.65, boxes 99 to 104, showing 9 meter wide multistage quartz vein in variably mineralized andesite.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7434/141210_35a4c45c7437381f_013full.jpg

Dr. Craig Gibson, PhD., CPG., a Qualified Person as defined by NI-43-01 regulations and President, CEO and a director of the Company, has reviewed and approved the technical disclosures in this news release.

About Palos Verdes
The Palos Verdes project is located in the historic Pánuco-Copala silver-gold district in southern Sinaloa, Mexico, approximately 65 kilometers NE of Mazatlán, Sinaloa, in the Municipality of Concordia. The Palos Verdes concession (claim) covers 700 meters of strike length of the Palos Verdes vein, a member of the north-easterly trending vein family located in the eastern part of the district outside of the area of modern exploration. Shallow drilling (see table of intercepts at www.prismometals.com). This mineralization is open in all directions and the currently planned drilling program is designed to follow it along strike and to depth.

The Palos Verdes property is contiguous to the Panuco silver-gold project of Vizsla Silver Corp. The current drill program is designed to test the Palos Verdes vein and a structural intersection with a second vein at depths where it is believed that potential for a large ore shoot is present, similar to the drilling accomplished by Vizsla Silver on their adjacent land package.

About Prismo

Prismo (CSE: PRIZ) is junior mining company focused on precious metal exploration in Mexico.

Contact: Craig Gibson, Chief Executive Officer and Director
1100 - 1111 Melville St., Vancouver, British Columbia V6E 3V6
craig.gibson@prismometals.com

Jason Frame, Manager of Communications
Jason.frame@prismometals.com

Neither the Canadian Securities Exchange accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements other than statements of historical fact, including without limitation, statements regarding the anticipated content, commencement and exploration program results, the ability to complete future financings, required permitting, exploration programs and drilling, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct.

The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, the state of the financial markets for the Company's equity securities, the state of the commodity markets generally, variations in the nature, the analytical results from surface trenching and sampling program, including diamond drilling programs, the results of IP surveying, the results of soil and till sampling program. the quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the inability of the Company to obtain any necessary permits, consents or authorizations required, including CSE acceptance, for its planned activities, the inability of the Company to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, the potential impact of COVID-19 (coronavirus) on the Company's exploration program and on the Company's general business, operations and financial condition, and other risks and uncertainties. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

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Prismo Metals Secures Permit Approval for Deep Drilling Program at Hot Breccia Copper Project in Arizona

Prismo Metals Inc. (the "Company") (CSE:PRIZ)(OTCQB:PMOMF)(FSE:7KU) is pleased to announce that it has received permit approval from the Bureau of Land Management ("BLM") for ten drill pads, at the Hot Breccia copper project in Southern Arizona

The drill pads will allow for drilling to test the prospective stratigraphy below the cover volcanic rock over a wide area, and in particular the large conductive anomaly identified by Prismo's 2023 ZTEM survey. Ground mapping, prospecting and sampling conducted earlier this year has supported the targeting process and target selection.

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[Video Enhanced} Prismo Metals raises money, targets 5,000 meter drill program in the heart of Arizona's Copper Belt

(TheNewswire)

Vancouver, BC TheNewswire - June 13, 2024 Global Stocks News On June 11, 2024 Prismo Metals (CSE: PRIZ) (OTCQB: PMOMF) updated the market with three significant announcements .

1. The company has received commitments for a $1.1 million private placement of units at a price of $0.17 per unit.

2. At its Hot Breccia Copper Project (Arizona ), a drilling permit is expected this month. The upcoming exploration program will focus on diamond drilling five holes with an expected depth of 1,000 metres each .

3. At its Palos Verdes Silver Project (Mexico), there is a plan for a two-phase, 10-hole 3,600- meter drill program .

Prismo Metals is a base and precious metals company strategically positioned to benefit from the global transition to green energy (copper & silver) and the dedollarization of international currencies (gold).

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1. Non-Brokered Private Placement

Prismo received commitments for 6,500,000 units @ $0.17 per Unit for gross proceeds of $1,105,000 expected to be finalized on or around June 18, 2024.

Each Unit comes with a half-warrant. Each whole warrant entitles the holder to purchase one common share or Prismo for two years @ $0.25.

"We are pleased to welcome several new incoming shareholders who will be participating in the Private Placement ," stated Steve Robertson, President of Prismo Metals .

2. Hot Breccia Copper Project

The Hot Breccia property consists of 1,420 hectares, 227 contiguous mining claims located in the world class Arizona Copper Belt between several very well-understood world-class copper mines including Morenci, Ray and Resolution .

"At the Hot Breccia property, we're out in the desert and there's not a lot around except mines and mining towns," Alain Lambert, Prismo CEO told Guy Bennett, CEO of Global Stocks News (GSN). "The two towns in the area, Hayden (pop. 500) and Winkelman (pop. 290) are steeped in the history of Arizona mining. It's a mining friendly community with an experienced workforce."

" The anticipated exploration program at Hot Breccia will focus on diamond drilling five holes with an expected depth of 1,000 metres each , for a program total of 5,000 metres ," state Robertson in the June 11, 2024 press release. "We will soon be drilling a very exciting copper target, located in a favorable jurisdiction."

The Christmas project 4 kilometers north, is a model for Hot Breccia mineralization. It is associated with intermediate intrusive rocks into favorable sedimentary rocks. There are historic drill holes from 70's and early 80's on and near the property.

"The Christmas Mine started production before World War One and operated until 1982, with a small smelter on the property," Robertson told GSN. "It produced 25 million tonnes of 1.5% copper. Christmas is a good indicator of the type of mineralization we are searching for at Hot Breccia."

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When investors hear "copper" they typically think "Chile" "Australia" or "Peru", but Arizona, USA is a major copper producer.

"If Arizona were a country, it would be the seventh largest producer of copper in the entire world," states the Arizona Mining Association .

There are 10 major copper mines in production in Arizona. About 75% of US copper output comes from The Grand Canyon State.

According to the 2023 Fraser Institute Mining Survey , Arizona is the 7 th best mining jurisdiction on the global investment attractiveness index , which takes into account the impact of both policy factors and mineral endowment .

Chile, by contrast, ranks 60 th on the global investment attractiveness index.

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The Arizona Copper Belt has attracted some big mining companies.

Freeport-McMoRan (NYSE: FCX) – a $70 billion global resource company headquartered in Arizona operates the Morenci Mine which employs 3,760 workers, with a direct economic impact to the state of $691 million .

The Morenci Mine is a porphyry copper deposit that has oxide, primary and secondary sulfide mineralization.

Prismo's project, Hot Breccia shows many features in common with the neighboring systems of Morenci , Ray and Resolution .

On March 4, 2024 Prismo announced that it is engaging Exploration Technologies from San Diego, California to apply xFlare, their Artificial Intelligence (AI)-Optimized drill planning solution, to the Hot Breccia Project where a number of features suggests well mineralized Arizona-style Copper Porphyry lies at depth.

Prismo ran a ZTEM survey last year that identified a large conductive anomaly directly beneath the breccia outcrops. Prismo expects xFlare's AI technology to zero in on where and at what depth to drill.

"ZTEM gives you a clear window into what's going on at depth," Robertson told GSN. "It's also an economic filter. Small, mildly conductive zones are not going to show up. That's good for us. We're looking for big anomalies."

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3. At Palos Verdes Silver Project (Mexico), a plan for a two-phase, 10-hole 3,600- meter drill program .

The planned drill holes at Palos Verdes will be drilled from Vizsla Silver Corp (TSXV: VZLA) concessions, adjacent to the Palos Verdes concession and will target the Palos Verdes vein at depth," states PRIZ in the June 11, 2024 PR.

The project is located in the historic Pánuco-Copala silver-gold district in southern Sinaloa, Mexico, approximately 65 kilometers NE of Mazatlán, Sinaloa, in the Municipality of Concordia.

The Palos Verdes concession (claim) covers 700 meters of strike length of the Palos Verdes vein. The mineralization is open in all directions and the currently planned drilling program is designed to follow it along strike and to depth.

" Immediately following closing of the Private Placement, we will mobilize our drilling crew at our Palos Verdes for our next phase of drilling," stated Craig Gibson, Prismo Co-Founder and Chief Exploration Officer, " These holes will target the Palos Verdes vein at depth."

The Company completed its third drill campaign last year with 2,923 meters drilled in 15 holes with high grade mineralization encountered in several holes.

Assays included hole PV-23-25 with 102 g/t gold , 3,100 g/t silver and 0.26% zinc over 0.5 meters, or 11,520 g/t silver equivalent.

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Prismo Metals recently gave a presentation at the Deutsche Goldmesse conference in Germany, hosted by Soar Financial Partners.

"The Arizona Copper Belt is one of the most productive copper belts on the face of the planet," Robertson told the conference attendees in Frankfurt. "We're surrounded by world class deposits."

"One hundred kilometers to the east of our property, is Morenci which has a 75-billion-pound copper endowment," continued Robertson, "Forty kilometers to the north is Resolution which has 1.6 billion tons of 1.6% Copper. Morenci and Resolution are important to the thesis driving our exploration objectives at Hot Breccia."

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The global industrial shift towards renewable energy, electric vehicles, and the burgeoning AI sector has boosted copper's demand outlook.

"Copper is the most compelling trade I have ever seen in my 30-plus years of doing this," stated Carlyle chief strategy officer, Jeff Currie . The price of copper has risen 20% in 2024. Currie expects it to reach $15,000 a ton in the next couple of years, about a 45% gain.

"S&P Global forecasts that copper demand will double, reaching 50 million metric tons by 2035," reports Euro News on May 15, 2024 . "The most significant demands are expected to emanate from the US, China, Europe, and India."

Prismo's Hot Breccia Copper Project in Arizona is designed meet future copper demand.

Disclaimer: Prismo Metals paid GSN CND $1,500 for the research, creation and dissemination of this content.

Contact: guy.bennett@globalstocksnews.com

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HIGHLIGHTS

Prismo Metals has received commitments for a $1.1 million private placement of units at a price of $0.17 per unit.
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- These holes will be drilled from Vizsla Silver Corp. concessions adjacent to the Palos Verdes concession and will target the Palos Verdes vein at depth.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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Sample	UTM Coordinates WGS84		Length	Au	Ag	Cu	Pb	Zn
	E	N	meters	g/t	g/t	%	%	%
126032	414,003	2,593,429	0.5	0.833	280	-	-	-
126035	414,173	2,593,467	1.0	0.854	174	-	-	-
126036	414,171	2,593,459	1.0	0.152	103	-	-	-
126037	414,188	2,593,470	1.0	5.96	433	-	-	-
126038	414,205	2,593,469	1.0	0.249	75.5	-	-	-
126041	414,093	2,593,387	1.0	0.969	415	-	-	-
126068	413,520	2,593,029	0.5	0.174	103	-	-	-
126072	413,591	2,593,121	0.5	0.184	98.8	-	-	-
126077	413,627	2,593,102	0.5	1.285	326	-	-	-
126079	413,663	2,593,137	0.5	0.331	78.1	-	-	-
126083	413,722	2,593,333	0.5	0.459	65	-	-	-
126085	413,740	2,593,176	0.5	0.203	82.6	0.94	4.55	14.23
126086	413,736	2,593,175	0.5	10.55	930	0.78	4.50	15.40
126088	413,746	2,593,182	0.5	0.073	76.8	0.78	1.14	2.03
126089	413,744	2,593,076	0.5	0.034	24.5	0.22	2.33	3.40
126095	413,734	2,593,145	0.5	1.19	190	-	-	-
517878	413,751	2,593,180	0.5	0.079	61.7	0.32	0.73	11.85
517879	413,742	2,593,180	0.5	0.182	129	0.18	8.22	15.65

Hole	From (m)	To (m)	Width (m)	Est True width (m)	Au (g/t)	Ag (g/t)	Cu (%)	Pb (%)	Zn (%)	*Ag eq (g/t)
PV-27	0.90	1.30	0.40	0.10	0.216	107	-	0.02	0.02	126.2

PV-32	109.40	111.60	2.20	1.41	0.16	17.5	0.27	0.92	1.30	115.4
	111.30	111.60	0.30	0.19	0.83	45.0	0.68	4.32	4.67	333.9

	150.10	155.65	5.55	3.57	0.20	20.7	0.16	0.61	1.09	103.8
	155.25	155.65	0.40	0.26	0.04	17	0.21	3.56	6.03	391.5

PV-33	225.65	226.40	0.75	0.26	0.03	94.8	2.28	0.31	3.39	253.4
	225.95	226.40	0.45	0.14	0.04	144	3.65	0.45	5.12	382.2

Hole	Target	Easting	Northing	Elev	Azim	Incl		Depth (m)
PV-23-26	NW fault	413,807	2,593,082	1,236	10	-45	327.00
PV-23-27	PV vein	413,814	2,593,082	1,226	320	-75	234.00
PV-23-28	NW fault	413,801	2,593,136	1,244	35	-60	117.00
PV-23-29	SW PV gap	413,735	2,593,073	1,216	330	-75	183.00
PV-23-30	SW PV gap	413,707	2,592,990	1,202	330	-50	180.00
PV-23-31	SW PV gap	413,709	2,592,990	1,200	330	-75	246.00
PV-23-32	SW PV gap	413,677	2,592,942	1,211	315	-50	199.50
PV-23-33	SW PV gap	413,678	2,592,938	1,216	330	-75	250.50

HOLE NUMBER	AZIMUTH	DIP	DEPTH (M)	FROM (M)	TO	INTERVAL (M)	AU
HOLE NUMBER	AZIMUTH	DIP	DEPTH (M)	FROM (M)	(M)	INTERVAL (M)	G/T
GS2401	360	-90	946.1	331.3	355.7	24.4	0.99
				495.9	544.7	48.8	0.90
				692.1	758	65.9	4.63
including				755	758	3	85.9

GS2402	315	-50	751.6	71	83	12	0.96
				431	483.9	52.9	0.68
				545	590	45	5.51
including				581	584	3	67.0
				604.4	620	15.6	3.74
				667.9	713	45.1	1.18
The width refers to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization

Prismo Metals Intercepts Wide Vein Structure at Palos Verdes in Hole #4

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