May 25, 2017 — Vancouver, B.C. – Prospero Silver Corp (PSL.V; the “Company” or “Prospero”) announces that it has granted stock options for a total of 2,520,000 common shares of the Company to officers, directors, employees and consultants of the Company. These stock options are exercisable at CDN $0.26 per stock option and will expire on May 24, 2022. These stock options vest over a period of twenty-four months following the grant date and are governed by the terms and conditions of the Company’s stock option plan.
Following this grant of stock options, the Company has a total of 3,365,000 stock options outstanding representing approximately 9.3% of the outstanding common shares of the Company. This stock option grant is subject to TSX Venture Exchange approval.