VANCOUVER, British Columbia, June 18, 2026 (GLOBE NEWSWIRE) -- Prosper Gold Corp. ("Prosper Gold" or the "Company") (TSXV:PGX) announces that the Company has entered into a definitive purchase agreement (the "Purchase Agreement") with Kenorland Exploration Ltd. ("Kenorland" or the "Purchaser"), pursuant to which the Company has agreed to sell to Kenorland its 100% interest in the Golden Sidewalk and Skinner properties (the "Properties") located approximately 60 km east of Red Lake, Ontario (the "Transaction"). Kenorland is at arm's length to the Company.

As consideration for the sale of the Properties, Kenorland will pay C$1,000,000 in cash (the "Consideration") to the Company on the closing date of the Transaction ("Closing").

Transaction Details

The Transaction is subject to the approval of two thirds of the votes cast in person or by proxy at a meeting (the "Meeting") of Prosper Gold's shareholders ("Shareholders"). It is anticipated that Prosper Gold will prepare and mail a management information circular to its Shareholders in connection with the Meeting and that the Meeting will be held in August 2026. The Transaction is subject to customary conditions including the approval of the Shareholders and the approval of the TSX Venture Exchange (the "TSXV").

The Purchase Agreement and the Transaction have been unanimously approved by ...