Prismo Metals Upsizes Closing of Non-Brokered Private Placement

Vancouver, British Columbia — January 12, 2026 — Leads & Copy — Prismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) has announced the upsized closing of its previously announced non-brokered private placement of units at a price of $0.10 per Unit, resulting in the issuance of 2,000,000 Units for gross proceeds of $200,000.

According to Alain Lambert, CEO of Prismo, subscribers in this closing are either new shareholders or existing shareholders from the 2025 private placement who increased their holdings. The company's immediate priority is to undertake its fully funded drill program, focusing on the historic Silver King mine site with a minimum of about 1,000 meters. The objective is to test the upper half of the steeply dipping pipelike Silver King mineralized body and potential mineralization adjacent to the dense stockwork that was the focus of historic mining.

Each Unit consists of one common share and one common share purchase warrant. The warrant allows the holder to purchase one share for a period of 36 months from the date of issue at an exercise price of $0.175.

The company intends to allocate the net proceeds from the private placement primarily for drilling at its Silver King project and for general corporate purposes. However, the company said reallocation of funds may be necessary for sound business reasons.

The Units issued are subject to a four-month hold period from the closing date under applicable Canadian securities laws, along with other restrictions as per applicable securities laws of jurisdictions outside Canada.

In connection with the closing, the Company issued an aggregate of 120,000 finder’s warrants and paid finder’s commissions of $12,000 to a qualified finder. Each Finder’s Warrant is exercisable for 24 months from the date of issuance to purchase one Share at a price of $0.10. The company also paid a cash fee of $3,000 to a financial advisor.

Prismo (CSE: PRIZ) is a mining exploration company advancing its Silver King, Ripsey and Hot Breccia projects in Arizona and its Palos Verdes silver project in Mexico.

Alain Lambert, Chief Executive Officer alain.lambert@prismometals.com

Gordon Aldcorn, President gordon.aldcorn@prismometals.com

Source: Prismo Metals Inc.