Prospero Receives Drill Permits for Bermudez Project, Mexico

November 1, 2017 — Vancouver, B.C. – Prospero Silver Corp (PSL.V; the “Company” or “Prospero”) is pleased to provide an update on planned drilling of the 430 hectare Bermudez project in northwest Chihuahua close to the border with Sonora in northern Mexico. The Company is planning to drill test Bermudez as part of its on-going 6,950 m reconnaissance drill campaign funded by strategic partner Fortuna Silver Mines Inc. (“Fortuna”).

Prospero has now received all necessary permits to carry out a first-pass drill program at Bermudez. Planning is underway with Fortuna’s technical team to drill 2-4 holes most likely in the first quarter of 2018. All of the proposed holes are on previously disturbed land, limiting the environmental impact of the program. Consequently, Prospero has been informed by the authorities that a separate environmental impact permit is not required.

The property is located in the Sierra Madre Occidental, very close to the Hermosillo-Chihuahua highway. Access is from Hermosillo or Chihuahua, about a 7-8 hour drive on paved high way followed by 10km on a good gravel road. The closest town with services is Yecora in Sonora, about 40 minutes (17km) away.

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