Economic network

Prism Resources announces the resignation of its director

Vancouver, British Columbia–(Newsfile Corp. – February 25, 2022) – Prism Resources Inc. (TSXV:PRS) (“Prism“or the”Company“) announces the resignation of Julian Bavin as a director effective February 25, 2022. Mr. Bavin had agreed to resign as the Company shifts its focus from future exploration activities in South America. Mr. Bavin had been Director of the Company since 2012.

The Board wishes to thank Mr. Bavin for his many years of service to the Corporation and wishes him good luck in his future endeavours.

ON BEHALF OF THE BOARD OF DIRECTORS

Brian Kerzner
President and CEO

For more information contact:
Brian Kerzner
Prism Resources Inc.
E-mail: This email address is protected from spam. You need JavaScript enabled to view it.

Scott M. Ross
Prism Resources Inc.
604-803-4883
E-mail: This email address is protected from spam. You need JavaScript enabled to view it.

Neither the TSX Venture Exchange 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.

None of the securities issued in connection with the Financing have been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption applicable registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy and there will be no sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Forward-looking statements

Statements contained in this press release that are not historical facts constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws and are based on current expectations, estimates and projections. date of this press release. Forward-looking statements include, but are not limited to, possible events and statements regarding possible events. The words “is expected” or “estimates” or variations of these words and expressions or statements indicating that certain actions, events or results “may” or “could” occur and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based on a number of estimates and assumptions which, although considered reasonable by the Company as of the date of such statements, are inherently subject to significant commercial, economic and competitive uncertainties and contingencies. The Company’s estimates and assumptions contained in this press release which may prove to be incorrect include, but are not limited to, the Company’s ability to obtain financing on the terms offered and for the full amount. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. These factors include, but are not limited to: fluctuations in the spot and forward price of gold or certain other commodities; changes in national and local government laws, taxation, controls, regulations and political or economic developments in Canada or other countries in which the Company may operate in the future; business opportunities that may be presented to, or pursued by, the Company; operational or technical difficulties related to mining activities; the speculative nature of gold exploration and development, including the risks associated with obtaining necessary licenses and permits; reduction in the quantities or qualities of reserves; and title disputes, particularly title to undeveloped properties. In addition, there are risks and hazards associated with gold exploration, development and mining activities, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, floods and gold bullion losses (and the risk of inadequate insurance, or failure to obtain insurance, to cover such risks). Many of these uncertainties and contingencies may affect the Company’s actual results and could cause actual results to differ materially from those expressed or implied by any forward-looking statements made by or on behalf of the Company. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans regarding the future. All forward-looking statements made in this release are qualified by these cautionary statements and those made in our other filings with securities regulatory authorities in Canada. These factors are not intended to represent a complete list of factors that could affect the Company. Although the Company believes that the expectations contained in the forward-looking statements are reasonable, actual results may vary and future results, levels of activity, performance or achievements cannot be guaranteed.