PROSPECTOR ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING

Prospector Resources Corp. has provided the results of the 2017 annual general and special meeting of its shareholders held on April 21, 2017, in Vancouver, B.C. Each of the matters voted upon at the meeting is discussed in detail in the company's management information circular dated March 21, 2017, a copy of which is available under the company's profile on SEDAR.

The voting results for each matter voted on by the shareholders at the meeting is provided below.

1. Fixing number of directors 

The shareholders passed a resolution fixing the number of directors to be elected at the meeting at six. The vote in respect of this matter was carried out by ballot, with 100 per cent of the votes cast being in favour of the resolution.

2. Election of directors 

All of the nominees named in the circular were elected as directors of the company. The vote in respect of this matter was carried out by ballot. The detailed results of voting are as displayed in the table.

Votes for Votes withheld Nominee Number Percentage Number Percentage Alexander Black 31,399,090 99.99% 3 less than 0.001% Klaus Zeitler 31,993,093 100% 0 0% Sidney Robinson 31,993,093 100% 0 0% Ram Ramachandran 31,993,093 100% 0 0% David Thomas 31,993,093 100% 0 0% Daniel Kenney 31,993,093 100% 0 0%

3. Appointment of auditors 

The shareholders approved the appointment of Grant Thornton LLP, chartered accountant, as the auditor of the company to hold office until the close of the next annual meeting of shareholders of the company at a remuneration to be fixed by the directors of the company. The vote in respect of this matter was carried out by ballot, with 100 per cent of the votes cast being in favour of the appointment.

4. Name change 

The shareholders approved by special resolution the company changing its name to Rio2 Ltd. The vote in respect of this matter was carried out by ballot, with 99.98 per cent of the votes cast being in favour of the resolution.

5. Continuance into Ontario

The shareholders approved by special resolution the continuance of the company from the province of British Columbia into the province of Ontario. The vote in respect of this matter was carried out by ballot, with 99.99 per cent of the votes cast being in favour of the resolution.

6. Adoption of bylaws

The shareholders approved the adoption of bylaws of the corporation in the form attached to the circular in connection with and subject to the continuance. The vote in respect of this matter was carried out by ballot, with 99.99 per cent of the votes cast being in favour of the resolution.

7. Approval of stock option plan 

The shareholders approved and ratified the company's stock option plan in the form attached to the circular. The vote in respect of this matter was carried out by ballot, with 99.99 per cent of the votes cast being in favour of the resolution.

8. Approval of share incentive plan 

The shareholders approved and ratified the company's share incentive plan in the form attached to the circular. The vote in respect of this matter was carried out by ballot, with 99.99 per cent of the votes cast being in favour of the resolution.

The company expects to complete the continuance and name change as soon as is practicable and will announce the completion of same and the new Cusip number and new trading symbol applicable to its common shares in due course.

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