BeMetals Provides Update on Proposed Acquisition of Prospective Projects from Prospector Metals

VANCOUVER, BC / ACCESS Newswire / May 20, 2026 / BeMetals Corp. (TSXV:BMET)(OTCQB:BMTLF)(Frankfurt:1OI.F) ("BeMetals" or the "Company") is pleased to provide a progress update on the status of the transactions contemplated under the share purchase agreement dated April 15, 2026 (the "Agreement") with Prospector Metals Corp. ("Prospector") (TSXV:PPP)(OTCQB:PMCOF)(Frankfurt:1ET0) pursuant to which BeMetals has agreed to acquire Prospector's remaining viable non-Yukon mineral exploration projects and certain marketable securities (collectively, the "Subject Assets" as described below) in exchange for 29,400,000 common shares of BeMetals on a post-consolidation basis (the "Acquisition") (see the Company's news release dated April 16, 2026 for further details about the Acquisition). The Company has completed a consolidation of its outstanding common shares on the basis of one new common share for every ten common shares (the "Consolidation"), as provided for under the Agreement, on May 8, 2026 (see the Company's news release dated May 1, 2026 for further details about the Consolidation).