Prime Mining Announces Graduation to the Toronto Stock Exchange

VANCOUVER, British Columbia, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Prime Mining Corp. (“Prime”, or the “Company”) (TSX.V: PRYM) (OTCQX: PRMNF) (Frankfurt: O4V3) is pleased to announce that the Company will begin trading on the Toronto Stock Exchange ("TSX") on December 5, 2023 following its graduation from the TSX Venture Exchange (the "TSXV"). The trading symbol for the common shares of Prime on the TSX will remain unchanged as "PRYM". Concurrent with the commencement of trading on the TSX, the common shares of the Company will be delisted from the TSXV. Shareholders are not required to exchange their share certificates or take any other action in connection with the TSX listing. There will be no change to the Company’s CUSIP.

Prime is focused on the exploration and development of its wholly owned high-grade Los Reyes Gold-Silver Project in Sinaloa State, Mexico (“Los Reyes” or the “Project”).

Prime Chief Executive Officer Daniel Kunz commented, “We are pleased to announce our graduation to the main board of the Toronto Stock Exchange, a significant milestone in the evolution of Prime Mining Corp. Prime has already had a very productive year. We effectively doubled the Los Reyes resource as outlined in our May 2, 2023 Technical Report, released our inaugural Sustainability Report, are on track to complete some 60,000 metres of post-resource drilling, strengthened our board and management team, and increased our cash position through an early warrant exercise. Looking ahead to 2024, we are planning an extensive drill program supported by our strong treasury of C$36 million. With environmental and social baseline studies completed, we will continue permit planning and early-stage technical work. We are committed to sustained engagement with shareholders and the investment community as a new member of the TSX, Canada’s premier international stock exchange.”

Los Reyes Gold and Silver Project

Los Reyes is a rapidly evolving high-grade, low sulphidation epithermal gold-silver project located in Sinaloa State, Mexico. Since acquiring Los Reyes in 2019, Prime has spent approximately US$32 million on direct exploration activities and has completed over 158,000 m of drilling. On May 2, 2023, Prime announced an updated multi-million-ounce high-grade open pit constrained resource (see below, and refer to Note 1 and the May 2, 2023 press release for more details).