PROSPECT RIDGE RESOURCES ADJOURNS ANNUAL GENERAL MEETING

Prospect Ridge Resources Corp. (the " Company " or " Prospect Ridge ") (CSE: PRR) (OTC: PRRSF) (FRA: OED) announces that it has adjourned its annual general meeting (for more information, see news release dated December 12, 2024 ), to reconvene on Friday, December 20, 2024 at 11:30 AM (Pacific Time) at Suite 430, 605 Robson Street, Vancouver British Columbia. Proxies will continue to be accepted until 48 hours prior to the commencement of the adjourned meeting.

About Prospect Ridge Resources Corp.

Prospect Ridge Resources Corp. is a British Columbia based exploration and development company focused on gold exploration. Prospect Ridge ' s management and technical team cumulate over 100 years of mineral exploration experience and believe the Knauss Creek and the Holy Grail properties to have the potential to extend the boundaries of the Golden Triangle to cover this vast under-explored region.

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

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as " intends " or " anticipates" , or variations of such words and phrases or statements that certain actions, events or results " may", " could ", " should ", " would " or " occur " . This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions. These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

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SOURCE Prospect Ridge Resources Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2024/13/c2016.html

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Prospect Ridge Resources PRR:CC CSE:PRR Precious Metals Investing

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PROSPECT RIDGE RESOURCES CONFIRMS ARRANGEMENTS RELATING TO ANNUAL GENERAL MEETING

Prospect Ridge Resources Corp. (the " Company " or " Prospect Ridge ") (CSE: PRR) (OTC: PRRSF) (FRA: OED) wishes to update shareholders on the impact of the strike by the Canadian Union of Postal Workers on the Company's ability to comply with its obligations to deliver to shareholders its financial statements and related disclosure and proxy-related materials in respect of the Company's Annual General Meeting (the " Meeting ") of shareholders scheduled to be held on Friday, December 13, 2024 at 11:00 AM (Pacific Time) at Suite 430, 605 Robson Street, Vancouver, British Columbia .

As a result of the strike, and pursuant to CSA Coordinated Blanket Order 51-931 Temporary Exemption from requirements in National Instrument 51-102 Continuous Disclosure Requirements and National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer to send certain proxy-related materials during a postal strike (the "Blanket Order"), the Company is advising shareholders that:

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Couloir Capital is Pleased to Announce it has Initiated Research Coverage on Prospect Ridge Resources

Couloir Capital is pleased to announce it has initiated research coverage Prospect Ridge Resources Corp. (CNX: PRR) ("PRR," or "Company"). The new report by Couloir's Senior Mining Analyst, Ron Wortel, MBA, P.Eng. Q.P., is titled "Extending the Golden Triangle with High-Grade Discoveries."

Report excerpt: "Prospect Ridge Resource Corporation is a Canadian-based public junior exploration company. The Company is exploring gold-silver-copper-rich mineralization on its Knauss Creek and Holy Grail projects south of the Golden Triangle region of BC. The Company is financed to conduct its initial +2,000 m drilling program on its highest priority target, Copper Ridge. They raised over $5.2 million earlier in 2024, a positive indication of support for their management team and the projects."

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PROSPECT RIDGE COMMENCES INAUGURAL DRILLING PROGRAM AT THE COPPER RIDGE ZONE OF ITS KNAUSS CREEK PROPERTY

Prospect Ridge Resources Corp . (the " Company " or " Prospect Ridge ") (CSE: PRR) (OTC: PRRSF) (FRA: OED) is pleased to announce the commencement of an inaugural drilling program at the Copper Ridge zone within its flagship Knauss Creek property, located south of the Golden Triangle, near Terrace in British Columbia .

The drill program will test high-priority targets inside the Copper Ridge zone which covers an area of 1,550 metres by 850 metres. Identified through extensive prospecting and surface sampling, which includes outcrop samples with values of up to 78.9 g/t Au, 4610g/t Ag and 29.4% copper, the Copper Ridge zone is a north-south oriented quartz veins system mineralized in gold, silver and copper hosted in an intrusion.

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Horizon Minerals Limited First Gold Pour - Boorara Gold Project

Perth, Australia (ABN Newswire) - Horizon Minerals Limited (ASX:HRZ) is pleased to provide an update on operations and gold production from the Boorara gold project ("Boorara"). The first stockpile of 56,654 wmt @ 0.8g/t Au was accepted by Paddington early in December 2024, and ongoing haulage has continued throughout December and into January 2025.

HIGHLIGHTS

- On Tuesday 14 January 2025, Horizon poured its first gold bar from Boorara under the Ore Sale Agreement with Paddington Mill.

- Horizon entered into an Ore Sale Agreement with Norton Gold Fields' Paddington Mill for 1.24Mt of Boorara ore for processing over 18 months.

- Horizon approved the development of Boorara in late July 2024 to mine a series of four open pits containing 1.24Mt of ore at 1.24g/t Au for 49.5koz of gold.

- The first stockpile of approximately 56k wmt of Boorara ore has been hauled to Paddington over December 2024 and January 2025 for processing.

- Open pit mining is progressing safely however is running behind schedule, mainly due to lack of dust suppression via water trucks which were down for repairs and since then have been repaired and are operational.

As of 14 January 2025, the entire stockpile No.1 had been hauled to the Paddington Mill ROM. Prior to this date, and early in January 2025 Horizon achieved 50% of the delivery schedule and agreed the first invoice estimate with Paddington which is now payable on or about 21 January 2025.

At the same time mining continues at Boorara pits 2 and 4 building the next stockpile for haulage. Commenting on the mining progress, Managing Director and CEO Mr Grant Haywood said:

"We are delighted to become Australia's newest gold producing company in 2025. We have a Mineral Resource of 1.8Moz across our projects and developing a sustainable gold production pipeline which includes numerous projects that are ready for a Final Investment Decision, such as Penny's Find and the Cannon projects. With the cashflow we expect to generate from Boorara and our other advanced projects, we will seek to use this production pipeline to feed a refurbished Black Swan mill after completion of our proposed merger with Poseidon Nickel Limited."

*To view photographs, please visit:
https://abnnewswire.net/lnk/056J6Y2B

About Horizon Minerals Limited:

Horizon Minerals Limited (ASX:HRZ) is a gold exploration and mining company focussed on the Kalgoorlie and Menzies areas of Western Australia which are host to some of Australia's richest gold deposits. The Company is developing a mining pipeline of projects to generate cash and self-fund aggressive exploration, mine developments and further acquisitions. The Teal gold mine has been recently completed.

Horizon is aiming to significantly grow its JORC-Compliant Mineral Resources, complete definitive feasibility studies on core high grade open cut and underground projects and build a sustainable development pipeline.

Horizon has a number of joint ventures in place across multiple commodities and regions of Australia providing exposure to Vanadium, Copper, PGE's, Gold and Nickel/Cobalt. Our quality joint venture partners are earning in to our project areas by spending over $20 million over 5 years enabling focus on the gold business while maintaining upside leverage.

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Element79 Announces Proposed Spin Out and Merger

(TheNewswire)

VANCOUVER, BC T heNewswire January 13, 2025 Element79 Gold Corp. (CSE: ELEM) (OTC: ELMGF) (FSE: 7YS) ("Element79", or the "Company") is excited to announce that, in connection with its proposed spin out transaction, it has entered an arrangement agreement dated January 10, 2025 (the " Arrangement Agreement "), with its majority owned subsidiary, Synergy Metals Corp. (" Synergy "), and that it has also entered into a merger agreement dated January 10, 2025 (the " Merger Agreement "), with Synergy, Synergy's wholly owned subsidiary, 1515041 B.C. Ltd. (" Synergy SubCo "), and 1425957 B.C. Ltd. (" 142 "), as further described below.

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1.	At the Meeting, shareholders will be asked to vote on the following matters, all as more particularly described in the Information Circular:
	(i)	to fix the number of directors of the Company at seven;
	(ii)	to elect the seven directors of the Company for the ensuing year;
	(iii)	to re-appoint the Company's auditor for the ensuing year and to authorize the directors of the Company to fix the remuneration to be paid to the auditor;
	(iv)	to re-approve the Company's stock option plan; and
	(v)	to transact such other business as may properly be transacted at the Meeting.

2.	The Company has satisfied all of the conditions to rely, and is relying, on the exemption provided by the Blanket Order from the requirement to send proxy-related materials to its shareholders.

3.	Electronic versions of the Notice of Meeting, Information Circular, the form of Proxy (for registered shareholders), and Voting Instruction Form (for non-objecting beneficial owners) and all other proxy-related materials (collectively, the "Proxy Related Materials"), as applicable
	(i)	have been filed and are available on the SEDAR+ website at www.sedarplus.ca under the Company's profile; and
	(ii)	are posted in a prominent location on the Company's website at https://prospectridgeresources.com/investors/ .

4.	The Company will also provide copies of the applicable Proxy-Related Materials by email to each shareholder who requests same while the strike is ongoing, at no charge. To do so, Shareholders may contact Meredith Eades at meredith.eades@prospectridgeresources.com or by phone at 604-670-7818 to request that a copy of the Proxy-Related Materials be emailed to you.

5.	As the electronic versions of the form of Proxy (for registered shareholders) and Voting Instruction Form (for non-objecting beneficial owners) do not contain control numbers, they cannot be voted online or by phone. These electronic forms must be physically completed, signed, and returned to the Company's transfer agent, Odyssey Trust Company, by:
	(i)	Physical delivery or facsimile (details in the Information Circular);
	(ii)	Email to proxy@odysseytrust.com .

5.	In the alternative:
	(i)	If you are a registered shareholder, you may also contact the Company's Transfer Agent, Odyssey Trust Company, at Direct Dial (all regions): 1-587-885-0960; US & Canada (toll-free): 1-888-290-1175 to verify your identity and obtain instructions and assistance in voting your shares;
	(ii)	If you are a beneficial shareholder, who holds their investment through a brokerage house, depository company or other intermediary, you may also attempt to contact such brokerage house, depository company or other intermediary for instructions and assistance in voting your shares.

Hole	From (m)	To (m)	Length (m)	Au (g/t)	Ag (g/t)	Cu (%)	AuEq (g/t) ¹	ZONE
	87.0	87.8	0.8	0.144	16.9	0.20	0.522
	124.2	144.7	20.5	0.512	1.7	0.00	0.481
incl	138.0	143.2	5.2	1.413	1.0	0.00	1.283
	151.4	152.3	0.9	1.300	5.8	0.01	1.232
CR-24-001	214.0	220.0	6.0	0.040	3.5	0.11	0.198
	239.3	241.3	2.0	0.465	34.3	0.40	1.196
	265.6	267.0	1.4	0.100	12.9	0.07	0.293
	328.5	330.6	2.1	0.469	28.1	0.19	0.910
	347.3	348.3	1.0	0.370	32.6	0.16	0.824
CR-24-002	20.0	21.0	1.0	0.280	10.1	0.02	0.366
	276.8	281.5	4.7	0.190	4.8	0.00	0.221
	13.9	33.0	19.1	0.394	9.9	0.39	0.887	Green Manalishi
CR-24-003	76.0	90.0	14.0	0.097	21.9	0.14	0.455	GM2
	96.0	97.0	1.0	0.274	11.6	0.12	0.488
	101.0	102.0	1.0	0.199	7.7	0.11	0.379
	3.0	4.5	1.5	0.367	11.1	0.39	0.872
	12.0	33.0	21.0	0.179	8.4	0.39	0.686	Green Manalishi
incl	20.0	25.5	5.5	0.543	22.1	0.98	1.806	Green Manalishi
CR-24-004	76.3	88.0	11.7	0.016	2.8	0.02	0.065	GM2
	94.5	95.5	1.0	0.165	6.5	0.98	1.319
	118.5	119.5	1.0	0.552	23.6	0.07	0.806
	9.3	32.0	22.7	0.116	3.3	0.19	0.349	Green Manalishi
incl	20.7	25.3	4.6	0.420	6.3	0.46	0.957	Green Manalishi
CR-24-005	96.0	99.0	3.0	0.042	4.6	0.04	0.131	GM2
	140.0	141.5	1.5	0.079	13.9	0.04	0.253
	192.0	193.5	1.5	1.790	30.4	0.00	1.908
	24.0	28.2	4.2	0.031	1.7	0.10	0.152	GM3
CR-24-006	54.0	60.7	6.7	0.097	2.7	0.11	0.242	Green Manalishi
	98.5	100.0	1.5	0.279	12.8	0.03	0.404
	17.0	25.5	8.5	0.141	3.1	0.12	0.297	GM3
CR-24-007	47.7	49.3	1.6	0.161	9.3	0.16	0.417
	56.8	58.3	1.5	5.440	21.1	1.89	7.224	Green Manalishi
	66.7	68.0	1.3	0.048	8.5	0.24	0.394
	12.0	14.0	2.0	0.068	5.0	0.02	0.128
	37.0	44.0	7.0	0.038	12.2	0.02	0.168	GM3
CR-24-008	58.0	76.0	18.0	0.083	2.3	0.06	0.160	Green Manalishi
incl	71.3	76.0	4.7	0.159	6.1	0.17	0.389	Green Manalishi
	86.0	87.0	1.0	2.250	5.6	0.13	2.220
CR-24-009	6.0	26.5	20.5	0.053	4.3	0.05	0.144	GM2

No Hole	UTM Nad83 Zone 9		Elevation (m)	Azimuth	Dip	Length (m)
No Hole	Easting	Northing	Elevation (m)	Azimuth	Dip	Length (m)
CR-24-001	539084	6071504	1910	320	-50	447
CR-24-002	539084	6071504	1910	270	-50	381
CR-24-003	539720	6071515	1847	270	-45	200
CR-24-004	539720	6071515	1847	250	-50	204
CR-24-005	539720	6071515	1847	230	-50	216
CR-24-006	539795	6071509	1826	270	-45	252
CR-24-007	539795	6071509	1826	242	-45	255
CR-24-008	539795	6071509	1826	305	-45	135
CR-24-009	539605	6071520	1851	275	-45	139

Hole	Depth	Dip	Azimuth	From	To	Interval	Au
Number	Depth	Dip	Azimuth	(m)	(m)	(m)	g/t
GS2411	568.9	-55	360	51.7	61.2	9.5	0.87
				489.3	533.4	44.1	0.70
GS2413	595	-55	360	230.7	245.3	14.6	2.72
				283.4	298	14.6	1.16
				472.8	514	41.2	0.70
GS2416	460.2	-55	360	374.7	402.2	27.5	0.59

Hole	Depth	Dip	Azimuth	From	To	Interval	Au
Number	Depth	Dip	Azimuth	(m)	(m)	(m)	g/t
GS2417	667.8	-85	0	24	80.5	56.5	1.25
				238.2	265.8	27.6	1.78
				298.5	300.2	1.7	196.5
				317	413	96	0.70
including				371	392	21	1.44
				552.8	564.4	11.6	0.83
				629	641	12	1.18

Drill hole	From	To	Interval	Au (g/t)
GAL001	31.0	52.9	21.9m	92
including	47.0	48.0	1.0m	1911

Lode	Tonnes	Production (Au oz)	Recovered grade (oz/t)	Recovered grade (g/t)
Scotia	604	1,283	2.1	66.1
Gallant	2,378	759	0.3	9.9
Sir Francis Drake-Happy Valley	17,261	5,810	0.3	10.5
Cumberland	14,120	13,629	1.0	30.0
Exchange-Industry	519	260	0.5	15.6

Drill hole	Easting (NZTM)	Northing (NZTM)	Elevation (RL)	End depth	Azimuth	Dip
GAL001	1508726	5327981	628	123.7	293°	-70°

Hole	Depth	Dip	Azimuth	From	To	Interval	Au
Number	Depth	Dip	Azimuth	(m)	(m)	(m)	g/t
GS2419	622.6	-50	180	37.5	45.9	8.4	0.50
				60.5	72.4	11.9	0.67
				80.8	93.8	13	0.49
				131.7	132.8	1.1	57.5
				143.3	149.4	6.1	2.45
				168.8	178.8	10	1.83
				184.6	188.8	4.2	1.08
				225.6	313.6	88	0.88
including				262.9	283.7	20.8	2.22
				404	441.4	37.4	0.52
GS2420	560.8	-50	360	457.7	484.9	27.2	0.67
GS2422	816.9	-90	0	72.5	76.7	4.2	0.81
				126	132.4	6.4	4.62
				160.7	188	27.3	0.69
				299	307.4	8.4	57.29
including				299	302	3	157.0
				422	455.2	33.2	0.80
				499.8	554	54.2	1.88
including				542	545	3	15.0
				578	614	36	0.90
				656	668	12	0.89
				743	803	60	1.58

PROSPECT RIDGE RESOURCES ADJOURNS ANNUAL GENERAL MEETING

Prospect Ridge Resources Investor Kit

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Investor Insight

Overview

Company Highlights

Key Projects

Knauss Creek Property

Holy Grail Property

Management Team

Michael Iverson – CEO and Director

Yan Ducharme – President and Director

Jasmine Lau – CFO

Simon Ridgway – Chairman and Director

Michael Michaud - Director

Toby Lim - Director

Jacques Brunelle – Director

Bradley Scharfe – Director

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