Prosper Gold Closes Sale of Golden Sidewalk Project to Kenorland

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VANCOUVER, British Columbia, Sept. 01, 2026 (GLOBE NEWSWIRE) — Prosper Gold Corp. (“Prosper
Gold” or the “Company”) (TSXV:PGX) announces that it has closed its previously announced sale of the Golden Sidewalk and Skinner properties (the “Properties”) to Kenorland Exploration Ltd. (“Kenorland”) following satisfaction of customary closing conditions, including receipt of the requisite approval from shareholders and conditional approval from the TSX Venture Exchange (the “Transaction”).

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On August 20, 2026, disinterested shareholders of the Company approved the Transaction by the requisite two-thirds majority of the votes cast at the annual general and special meeting of shareholders.

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On closing of the Transaction, Prosper Gold received C$1,000,000 in cash from Kenorland. Kenorland is at arm’s length to the Company. No finders’ fees were payable in respect of the Transaction.

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The
Properties

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The Golden Sidewalk is a district-scale gold exploration project covering over 160 square kilometres of contiguous mineral claims and mining leases in the western Birch-Uchi Greenstone Belt, approximately 60 km east of Red Lake, Ontario. No significant exploration activities were completed by Prosper Gold at the Golden Sidewalk Project for the period ended January 31, 2026. On September 1^st, 2026, Prosper Gold completed the sale of the Properties to Kenorland.

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ON
BEHALF
OF
THE
BOARD
OF DIRECTORS

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Per: “Peter Bernier”
Peter Bernier President & CEO
For further information, please contact: Peter Bernier
President & CEO Prosper Gold Corp. Cell: (250) 316-6644
Email: [email protected]

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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 royalties in respect of the Properties; future exploration successes at the Properties and the ability for the Company to participate in the upside in respect of the same; and the benefits of the Transaction to the Company 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: contractual risks associated with royalty agreements, including their scope and enforceability; 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 TSXV 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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Neither
the
TSXV
nor
its
Regulation
Services
Provider
(as
that
term
is
defined
in
the
policies
of
the
TSX
Venture
Exchange)
accepts responsibility for the adequacy or accuracy of this release.

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