Prospero Silver and Altiplano Sign New Agreement for the San Luis Cordero Project

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Feb. 3, 2016) – Prospero Silver Corp. (TSX VENTURE:PSL) (“Prospero“) is pleased to announce that it has entered into a new agreement with Exploraciones del Altiplano, S.A. de C.V. (“Altiplano“), a privately held Mexican Company, in respect of new work programs on the San Luis del Cordero property in Durango State, Mexico (“Cordero“). A previous agreement, dated August 29, 2008, contemplated Prospero completing an exploration program exploration at Cordero with staged payments of cash; the issuance of Prospero shares and certain exploration expenditures on the property, leading to Prospero acquiring 100% ownership, subject to a residual 2% NSR royalty for Altiplano.

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