VANCOUVER, BC, March 16, 2023 /CNW/ – Prospect Ridge Sources Corp.¬†(the “Firm” or “Prospect Ridge”) (CSE: PRR) (OTC: PRRSF) (FRA: OED) is happy to announce the appointment of Mr. Michael Michaud and Mr. Yan Ducharme as Administrators. As well as, the Firm pronounces the resignation of Nick Luksha as a Director and as Vice President of Company Improvement.

“Personally and on behalf of the Board, I’m happy to welcome Michael Michaud to the workforce. His expertise and insights in managing and creating excessive valued mineral tasks all through the world can be an awesome profit to the Firm. As properly, we want to thank Yan Ducharme for his arduous work and dedication up to now as President of Prospect Ridge and look ahead to his additional contributions as a useful member of the Board. Lastly, we want to thank Nick Luksha for all his efforts and need him properly in his future endeavors”, acknowledged Mike Iverson, Chairman of the Board.

Mr. Michaud, P.Geo., M.Sc. is a Skilled Geologist with over 30 years of expertise creating and implementing regional and mine-site exploration methods that features a broad vary of deposit varieties inside North and South America, Africa, Asia, and Europe. Presently, Michael is the Vice-President, Exploration for Wesdome Gold Mines Ltd. Beforehand, Michael served as Chief Geologist at Iamgold Corp, Vice-President, Exploration for St Andrew Goldfields, Principal of SRK Consulting Inc. and Chief Geologist at North American Palladium. Mr. Michaud holds an honors B.Sc. from the College of Waterloo, and a M.Sc. from Lakehead College.

Mr. Yan Ducharme brings over 25 years of expertise to the Firm within the Greenfield and Brownfield exploration tasks. He began his profession in SEMAFO in Guinea, Western Africa, on the Jean-Gobele exploration undertaking which later grew to become the Kiniero mine. In Quebec, he joined Cambior on the Sleeping Large mine, then to the exploration workplace the place he took care of exploration tasks within the 4 corners of the Abitibi and within the James Bay space. Mr. Ducharme was additionally a part of the regional exploration workforce on the Rosebel Mine in Suriname, South America for Cambior/Iamgold. Yan spent a number of years working NioGold’s Marban undertaking which reached 1.5M oz. of measured and indicated sources (32Mt at 1.48 g/t Au) and 600k ouncesof inferred sources (16.5Mt at 1.13 g/t Au; NI 43-101 August 15, 2013). He was Vice-President of the corporate when it was purchased by Oban Mining, now working as Osisko (TSE:OSK). He was regional exploration supervisor for Canadian Malartic till the Kirkland Lake undertaking was acquired solely by Agnico-Eagle (TSE: AEM), after which grew to become exploration supervisor for SOQUEM. Most just lately, Mr. Ducharme was exploration supervisor for Wesdome Gold Mine’s (TSE: WDO) Kiena website. Mr. Ducharme obtained a grasp’s diploma in Earth Sciences from the College of Quebec in Montreal.

Prospect Ridge additionally pronounces that it has granted an combination of 75,000 inventory choices to a marketing consultant of the Firm, exercisable at $0.20 for a interval of 5 years.

About Prospect Ridge Sources Corp.

Prospect Ridge Sources Corp. is a British Columbia based mostly exploration and improvement firm centered on gold exploration. Prospect Ridge’s administration and technical workforce cumulate over 100 years of mineral exploration expertise and believes the Knauss Creek and the Holy Grail properties to have the potential to increase the boundaries of the Golden Triangle to cowl this huge under-explored area.

Neither the Canadian Securities Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the Canadian Securities Change) accepts accountability for the adequacy or accuracy of this launch.

This launch consists of sure statements and knowledge which will represent forward-looking data inside the that means of relevant Canadian securities legal guidelines. Ahead-looking statements relate to future occasions or future efficiency and mirror the expectations or beliefs of administration of the Firm concerning future occasions. Usually, forward-looking statements and knowledge may be recognized by way of forward-looking terminology corresponding to “intends” or “anticipates”, or variations of such phrases and phrases or statements that sure actions, occasions or outcomes “could”, “may”, “ought to”, “would” or “happen”. This data and these statements, referred to herein as “forward-looking statements”, aren’t historic information, are made as of the date of this information launch and embrace with out limitation, statements concerning discussions of future plans, estimates and forecasts and statements as to administration’s expectations and intentions with respect to, amongst different issues, optimistic exploration outcomes on the Knauss Creek and Holy Grail tasks and the Firm’s use of proceeds from the Non-public Placement. These forward-looking statements contain quite a few dangers and uncertainties and precise outcomes would possibly differ materially from outcomes instructed in any forward-looking statements. These dangers and uncertainties embrace, amongst different issues, that future exploration outcomes on the Knauss Creek and Holy Grail tasks is not going to be as anticipated¬†and that the Firm will use the proceeds from the Non-public Placement as anticipated.

In making the forward-looking statements on this information launch, the Firm has utilized a number of materials assumptions, together with with out limitation, that future exploration outcomes on the Knauss Creek and Holy Grail tasks can be as anticipated and that the Firm will use the proceeds from the Non-public Placement as anticipated.

Though administration of the Firm has tried to determine vital components that would trigger precise outcomes to vary materially from these contained in forward-looking statements or forward-looking data, there could also be different components that trigger outcomes to not be as anticipated, estimated or supposed. There may be no assurance that such statements will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such statements. Accordingly, readers mustn’t place undue reliance on forward-looking statements and forward-looking data. Readers are cautioned that reliance on such data will not be acceptable for different functions. The Firm doesn’t undertake to replace any forward-looking assertion, forward-looking data or monetary out-look which can be included by reference herein, besides in accordance with relevant securities legal guidelines. We search secure harbor.

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