Prospect Ridge Resources Announces DTC Eligibility and New CFO

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VANCOUVER, British Columbia, November 5, 2021 (GLOBE NEWSWIRE) – Prospect Ridge Resources Corp. (the ” Society ” Where ” The crest of perspective “) (CSE: PRR) (OTC Pink: PRRSF) is pleased to announce that its ordinary shares are now eligible for electronic clearing and settlement through The Depository Trust Company (” Fault code “) in the United States. The Company’s common shares are listed in the United States on the OTC Pink (the” ” OTC Rose “) under the symbol” PRRSF “.

DTC manages the electronic clearing and settlement of publicly traded companies in the United States. DTC eligibility simplifies the process of trading and transferring the Company’s common shares between brokerages in the United States. Prospect Ridge common shares will continue to trade under the ticker symbol “PRRSF” on the OTC Pink and will trade on the Canadian Securities Exchange (the “” CSE “) under the ticker symbol” PRR “.

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“We are delighted to announce that Prospect Ridge is now eligible for DTC in the United States,” commented Michael Iverson, CEO of the company. “This should make it easier for potential shareholders in the United States to buy and sell shares of the company, as we continue to move forward with the goal of growing and expanding Prospect Ridge in a major force in the Canadian mining sector. “

Resignation and appointment of the CFO

The Company also announces that Bennett Liu has resigned as Chief Financial Officer (“ CFO “). Mr. Liu is a partner of Red Fern Consulting Ltd. (” Red fern “), which provides the Company with accounting and consulting services. The Company has elected to replace Mr. Liu with Stella Chen, Senior Partner at Red Fern. Ms. Chen is a graduate of Simon Fraser University and University from BC She is a candidate for the Chartered Professional Accountant position and has held various positions for companies listed on the TSX and TSXV. Ms. Chen will assume the role of Chief Financial Officer effective immediately.

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About Prospect Ridge Resources Corp.

Prospect Ridge Resources Corporation is a British Columbia-based exploration and development company focused on strategic mineral exploration in Canada, alongside the development of locations in Quebec and British Columbia. Prospect Ridge’s technical team and management have over 100 years of experience in mineral exploration.

On behalf of the board of directors
Michael Iverson
CEO and director
Prospect Ridge Resources Corp.

Caution regarding forward-looking information

Certain statements and information contained in this press release constitute “forward-looking information” within the meaning of applicable Canadian provincial securities laws. Any statement or information that expresses or involves discussions regarding predictions, expectations, beliefs, plans, projections, goals, assumptions or future events or performance, including, without limitation, the purchase and the trading of common shares of the Company in the United States and the results or benefits of listing the common shares on the Frankfurt Stock Exchange (often, but not always, using words or phrases such as “s ‘expects at’, “is planned”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intentions”, “strategies”, “targets”, “goals”, “Forecasts”, “objectives”, “budgets”, “timelines”, “potential” or variations or indicating that certain actions, events or results “could”, “could”, “would”, “could” or not statements of historical facts and may be forward-looking statements or information s.

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These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in these forward-looking statements. Although the Company believes that the expectations expressed in these forward-looking statements are based on reasonable assumptions, these statements are not guarantees of future performance and actual results or developments may differ materially from those of forward-looking statements. Factors that could cause actual results to differ materially from forward-looking statements include, but are not limited to, changes in raw material prices; changes in the expected performance of mineral production; unexpected increases in investment costs; operating and exploration results; continued availability of capital and financing; and general economic, market or business conditions. In addition, forward-looking statements are subject to various risks, including, but not limited to, operational risk; Political risk; risk of change; risk of cost of capital inflation; or that the data is incomplete or inaccurate. The reader is referred to the documents filed by the Company with Canadian securities regulators for information on these and other risk factors, accessible through Prospect Ridge’s profile at www.sedar.com.

There is no certainty that a forward-looking statement will materialize and investors should not place undue reliance on forward-looking statements. The Company does not undertake to provide updates to any of the forward-looking statements contained in this press release, except as required by law.

For more information, please contact: Michael Iverson, CEO and Director [email protected] 778-788-4836 www.prospectridgeresources.com


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