Precious Metals

Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) ("Prismo" or the "Company") is pleased to announce that it has signed a formal access agreement with the Francisco Villa Ejido, the surface owners over the Los Pavitos Project in Sonora State, Mexico to allow for exploration work including drilling. The Company negotiated a two-year agreement to formalize the previous informal agreement (see news release of Jan 19, 2022).

"This agreement allows Prismo to proceed with its drilling permit application, opening the door to a drilling program in early 2023," said Dr. Craig Gibson President and CEO of the Company. He added: "While we are getting to work right away on the environmental permitting necessary for drilling, we are also continuing the geological mapping and sampling program to cover the remaining area as the basis for the more detailed work necessary for identifying drill targets."

Initial mapping and sampling at the project were conducted in the first half of the year and covered about 75% of the area of main interest on the 5,300-hectare concession before taking a break for the summer heat and monsoon season. Geologic mapping refined several principal structures that define the Las Auras, Santa Cruz and Oromuri structural trends that were identified during original reconnaissance work by Minera Cascabel, the Hermosillo, Mexico based company from which Prismo optioned the property in October 2019. Several additional new parallel structures have been recognized, including the La Española, San Jorge and La Ramada faults. The area not yet mapped to the southeast hosts the Cerro Colorado target, a strongly altered porphyritic rhyolitic intrusion that hosts possible porphyry-related mineralization that will be studied as work at the project ramps up.

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Geologic map of the Los Pavitos project showing strong northwesterly orientation of faults hosted largely by metasediments.
 
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Assay results have been received for 198 samples with the best results from the Las Auras and Santa Cruz areas with individual samples yielding 10.15 and 28 g/t gold, respectively (See news release of May 11, 2022). A LiDAR survey was also carried out during the initial exploration program. A detailed interpretation of the results is in progress, but preliminary data indicate that the LiDAR data aid in definition of the mineralized structures as small workings and other features are highlighted.

QA/QC

Samples taken by Prismo were analyzed by multielement ICP-AES and MS methods by ALS Group, an internationally recognized analytical service provider. Gold was analyzed as part of the ICP package using a 25-gram digestion. Certified Reference Materials including standard pulps and coarse blank material were inserted in the sample stream at regular intervals.

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 Los Pavitos

The Los Pavitos project consists of a 5,289-hectare concession located in the well mineralized Alamos region of southern Sonora State that lies 25 km west of the well-mineralized Alamos District, which encompasses several active exploration and mining projects, including the past producing Alamo Dorado mine of Pan American Silver, the Piedras Verdes copper mine of Cobre de Mayo and the Alamos and Aurifero vein projects being explored by Minaurum Gold Inc. Infrastructure is excellent with paved highway access, electricity and water. The project, which was generated by Rafael Gallardo, was acquired from Minera Cascabel S.A. de C.V., a Mexican exploration and services company founded by Dr. Peter Megaw, an advisor to the Company (for terms see the Company's prospectus filed on SEDAR). The Company completed a NI 43-101 Technical Report on the project in March 2021 available on SEDAR.

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Location of the Los Pavitos project in southern Sonora State in relation to the Caborca Orogenic Gold Belt.
 
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About Prismo

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

ON BEHALF OF THE BOARD

Craig Gibson, Chief Executive Officer and Director

Prismo Metals Inc.

1100 - 1111 Melville St., Vancouver, British Columbia V6E 3V6

craig.gibson@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

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Nevada Sunrise Metals Corp. logo (CNW Group/Nevada Sunrise Metals Corporation)

  • Resource Stock Digest ("RSD"): The services provided by RSD to the Company relate to banner advertising. The Company is an RSD Website Sponsor at a cost of USD$10,000 per quarter, and had a Featured Company Banner on the RSD website in August 2022 and in September/ October 2022 , at a cost of USD$25,000 per instance. RSD conducts interviews with the Company and produces its own content that is distributed to RSD's subscriber base.

  • Investing News Network ("INN"): INN provides marketing services and an ongoing lead generation campaign, at an annual cost of CAD$20,000 until May 2023 . INN provides commodity-specific information and profiles issuers. The Company is featured on the INN website, and approximately once per quarter INN distributes one company-issued news release to its subscriber base. Under the current agreement, INN also conducts and publishes interviews with the Company.

  • CEO.ca: The Company subscribes to an Executive Advertising Package, which commenced in August 2022 for a 6-month term at a cost of CAD$95,000 . CEO.ca posts banner advertisements for Nevada Sunrise on the CEO.ca website, and the Company will be featured once during the term of the agreement as a sponsor of CEO.ca's Chairman's Briefing weekly newsletter. CEO.ca also distributes the Company's news releases and provides monthly updates regarding viewership on the CEO.ca website that is specific to Nevada Sunrise.

  • 51 Media Ltd.: The Company engaged 51 Media Ltd. and its principal Jason Powell in March 2022 to undertake corporate development, communications services and administrative duties at a cost of CAD$5,000 per month, for an unspecified term that can be terminated by either party at any time. 51 Media Ltd. communicates with analysts, brokers, investors and other investment professionals and assists in the ongoing maintenance of the Company's marketing materials, including its website.
About Nevada Sunrise

Nevada Sunrise is a junior mineral exploration company with a strong technical team based in Vancouver, BC , Canada , that holds interests in lithium, gold, copper and cobalt exploration projects located in the State of Nevada, USA .

Nevada Sunrise owns 100% interests in the Gemini and Jackson Wash lithium projects, both of which are located in Esmeralda County, NV. The Company owns Nevada water right Permit 86863, located in the Lida Valley basin, near Lida, NV.

The Company's key gold asset is a 20.01% interest at the Kinsley Mountain Gold Project ("Kinsley Mountain") near Wendover, NV. Kinsley Mountain is a joint venture with Copaur Minerals Inc. ("Copaur"), following the completion of a plan of arrangement between Copaur and the Company's former joint venture partner, New Placer Dome Gold Corp.  Kinsley Mountain is a Carlin-style gold project hosting a National Instrument 43-101 compliant gold resource consisting of 418,000 indicated ounces of gold grading 2.63 g/t Au (4.95 million tonnes), and 117,000 inferred ounces of gold averaging 1.51 g/t Au (2.44 million tonnes), at cut-off grades ranging from 0.2 to 2.0 g/t Au 1 .

1 Technical Report on the Kinsley Project, Elko County, Nevada, U.S.A., dated June 21, 2021 with an effective date of May 5, 2021 and prepared by Michael M. Gustin, Ph.D., and Gary L. Simmons, MMSA and filed under New Placer Dome Gold Corp.'s Issuer Profile on SEDAR ( www.sedar.com ).


Nevada Sunrise has the right to earn a 100% interest in the Coronado VMS Project, located approximately 48 kilometers (30 miles) southeast of Winnemucca, NV. The Company owns a 15% interest in the historic Lovelock Cobalt Mine and the Treasure Box copper properties, each located approximately 150 kilometers (100 miles) east of Reno, NV , with Global Energy Metals Corp. holding an 85% participating interest.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Nevada Sunrise Metals Corporation

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