PGX Prosper Gold Corp

Prosper Gold Corp. ("Prosper Gold" or the "Company") (TSXV:PGX) is pleased to report that it has now intersected gold mineralization along 2.8 kilometres of the Golden Corridor trend at the Golden Sidewalk Project Red Lake, Ontario. The Company has completed reconnaissance drilling totaling 21,103 metres in 66 diamond drill holes over 4.8 kilometres of the Golden Corridor (Figure 1). Drilling continues to outline a large hydrothermal system, intersecting ankerite ± biotite alteration with gold mineralization (Figure 2).

Highlights:

• Hydrothermal system with gold mineralization along 2.8 kilometres of structural corridor that is parallel and proximal to regional unconformity
• The system remains open to the east
• High grade intervals up to 22.7 g/t gold over 0.55 m
• Vein size, abundance, and degree of alteration increase with depth
• $2.5 M in Company treasury – drilling is ongoing

“Prosper has discovered a large hydrothermal system at the Golden Corridor,” commented Peter Bernier, CEO. “The presence of the unconformity, the geology, scale, alteration, widespread gold in drilling and the high till samples down-ice tells us we are on to something significant.”

The hydrothermal system drilled to date is approximately 2.8 kilometres long and remains open to the east. Mineralization and alteration assemblages are relatively consistent along the mineralized trend. Pyrite ± arsenopyrite ± visible gold occurs in quartz-ankerite ± biotite veins and within silica-ankerite ± biotite altered wallrock.

The Company has planned a series of deeper drill holes in the western portion of the system as vein thicknesses and hydrothermal alteration intensities are increasing at depth. Drill holes designed to test approximately 300 metres down-dip of the mineralized intercepts encountered in shallow drilling to date within the footwall (southern) fault zone at the western structural corridor. Observations in drill core to date have shown that higher temperature alteration, predominantly a silica-biotite assemblage, enveloping larger veins and vein arrays persists in deeper intersections.

Additional drilling is planned for the eastern portion of the system where several gold intercepts were encountered in recent drilling which will be followed up on, including 22.7 g/t gold over 0.55 metres in drill hole DD21GC039 (Table 1). Drilling in late 2021 in the eastern portion of the system at the Golden Corridor was successful in intersecting gold mineralized quartz-ankerite-pyrite veins and wallrock alteration. Drill holes DD21GC050 through DD21GC053 each intersected several intervals of gold mineralization below the footwall fault that coincides with the ultramafic-mafic volcanic contact.

Graphics accompanying this announcement are available athttps://www.globenewswire.com/NewsRoom/AttachmentNg/5076ac90-8411-4b5e-98fa-9d9f480dede2

https://www.globenewswire.com/NewsRoom/AttachmentNg/8ca6bb57-fc66-46b6-bb47-4329aa79c857

Table 1. Significant assays received to date.

Hole ID	From (m)	To (m)	Interval (m)	Au (g/t)
DD21GC001	46.5	48	1.50	1.15
and	213	214.5	1.50	1.74
DD21GC004	362.7	364.7	2.00	2.36
DD21GC005	272.5	273.6	1.10	5.07
DD21GC011	162.5	164	1.50	3.89
DD21GC014	49	50	1.00	1.46
DD21GC020	120.5	121.8	1.30	1.79
and	249	252	3.00	2.03
DD21GC023	127	128.5	1.50	1.05
and	340	353.5	13.50	0.46
DD21GC030	156.65	157.15	0.50	5.63
and	191.5	192.7	1.20	1.73
DD21GC031	89	100	11.00	0.35
DD21GC033	266.39	267.39	1.00	1.19
DD21GC035	51.4	52.2	0.80	7.81
DD21GC036	299	300	1.00	4.82
DD21GC038	104.5	105.6	1.10	1.95
DD21GC039	76.55	77.1	0.55	22.70
DD21GC042	91.5	93.5	2.00	0.94
DD21GC044	206.93	208.88	1.95	1.99
DD21GC046	105.31	112	6.69	0.25
and	139.5	140.5	1.00	1.25
and	202.5	204	1.50	2.04
and	285	286	1.00	1.36
DD21GC049	65	66	1.00	1.11
and	137	138.5	1.50	1.13
DD21GC050	77	78.5	1.50	1.73
and	207.5	209	1.50	1.30
and	254	255	1.00	1.20
DD21GC051	218	221	3.00	1.13
and	256.5	259	2.50	1.49
and	302	303	1.00	3.89
and	306.2	307	0.80	4.50
and	333.9	334.7	0.80	2.43
DD21GC052	45	46	1.00	1.59
and	109.5	111.5	2.00	2.76
and	163.15	164.15	1.00	2.14
and	170	173	3.00	1.08
DD21GC053	85	86	1.00	2.51
and	168	169.6	1.60	3.03
and	194	196.5	2.50	1.99
and	216.4	217.22	0.82	2.63
DD21GC057	122.5	123.5	1.00	1.04
DD21GC058	146.5	149.3	2.80	2.06
and	152	153	1.00	1.14
DD21GC060	193	193.5	0.50	1.97
DD21GC062	167.35	167.85	0.50	1.1
and	174.85	175.7	0.85	1.56
DD21GC063	39.85	41.5	1.65	1.69
and	312.5	328	15.5	0.2
DD21GC065	51	53	2	1.25
DD21GC066	276.5	277	0.5	1.02

** true widths are unknown

Table 2. Drill collar details of specified drill holes (coordinates provided in UTM NAD83, zone 15).

Hole ID	Easting (m)	Northing (m)	Azimuth (°)	Dip (°)	Length (m)
DD21GC001	509052	5672912	355	-46	420
DD21GC004	509150	5672906	354	-45	542
DD21GC005	508900	5672912	2.5	-44	302
DD21GC011	509041	5672950	0	-45	209
DD21GC014	508506	5672741	180	-45	305
DD21GC020	509353	5673275	180	-45	353
DD21GC023	510131	5672924	315	-45	386
DD21GC030	509600	5672921	340	-45	320
DD21GC031	509502	5672915	340	-45	296
DD21GC033	509402	5672918	340	-45	323
DD21GC035	509419	5672870	340	-45	283
DD21GC036	509936	5673286	180	-45	407
DD21GC038	510811	5672735	10	-45	284
DD21GC039	510811	5672735	190	-45	302
DD21GC042	510609	5672793	10	-45	332
DD21GC044	510328	5672891	10	-45	299
DD21GC046	509936	5672925	330	-45	317
DD21GC049	509455	5672906	340	-45	350
DD21GC050	511050	5672657	10	-45	350
DD21GC051	511137	5672610	10	-45	371
DD21GC052	511543	5672417	10	-45	344
DD21GC053	511628	5672364	10	-45	362
DD21GC057	509475	5673193	180	-45	260
DD21GC058	509555	5673153	180	-45	260
DD21GC060	509715	5673153	180	-45	260
DD21GC062	509315	5673193	180	-45	269
DD21GC063	509839	5673170	180	-85	452
DD21GC065	509315	5673194	180	-80	482
DD21GC066	509554	5673185	180	-80	470

About the Golden Sidewalk

The Golden Sidewalk is a district-scale gold exploration project covering over 160 square kilometres of contiguous mineral claims and mining leases (see the Company's Aug. 10, Sept. 8, and Sept. 15, 2020 news releases for details) in the western Birch-Uchi Greenstone Belt, approximately 60 km east of Red Lake, Ontario. The vehicle-accessible project straddles 12 kilometres of the Balmer Assemblage – Narrow Lake Assemblage unconformity, a regional-scale feature that has been the Red Lake exploration guide, but which has seen limited exploration in the project area. The “Golden Corridor” lies immediately north of the unconformity and is characterized as a highly prospective trend of coincident favourable magnetic and resistivity lineaments supported by highly anomalous gold-in-till samples covering 7.0 by 0.5 kilometres.

QA/QC Procedures

Quality assurance and quality control measures implemented by the Company include the insertion of certified reference materials in the sample sequence at a rate of 1 in 20 for both blank material and certified reference standards. Analytical results for reference standard and blank samples are scrutinized internally to ensure adequate analytical precision and accuracy in both sample preparation and instrumental procedures. A chain of custody from drilling to laboratory is strictly monitored to ensure sample and analytical integrity and reliability. Half-split core samples are sent to AGAT Laboratories in Thunder Bay, Ontario, where they are analyzed in 50-gram aliquots using Fire-Assay with ICP-OES finish. Any overlimit analyses (>10 g/t Au) are re-analyzed with a pulp metallic screen method designed to give the most accurate representation of gold concentration in each sample. AGAT Laboratories in Thunder Bay, ON, is an accredited testing laboratory having been assessed by the Standards Council of Canada (SCC) and found to conform with the requirements of ISO/IEC 17025:2017.

Qualified Person

The scientific and technical information in this news release has been reviewed by Rory Ritchie, P.Geo., Vice-President of Exploration for Prosper Gold and a Qualified Person under National Instrument 43-101.

For a detailed overview of Prosper Gold please visit www.ProsperGoldCorp.com.        ON BEHALF OF THE BOARD OF DIRECTORS

Per: “Peter Bernier”       Peter Bernier       President & CEO

For further information, please contact:

Peter BernierPresident & CEOProsper Gold Corp.Cell: (250) 316-6644Email: Pete@ProsperGoldCorp.com

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation, statements about the planned exploration of the Golden Sidewalk project, are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

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