Prospero Silver Announces Filing of NI 43-101 Technical Report on the San Luis Del Cordero Project

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 18, 2014) - Prospero Silver Corp. (TSX VENTURE:PSL) ("Prospero" or the "Company") reports that it has filed a technical report today in accordance with National Instrument 43-101 ("NI 43-101") on the San Luis Del Cordero Project (the "Report"). The report supports the disclosure made by the Company in its news release on October 7, 2014 entitled "Prospero Silver Announces Initial San Luis Cordero Resource Estimate" and there are no material differences in the mineral resources contained in the Report from those disclosed in the news release.

The report dated October 1, 2014 is entitled "NI 43-101 Report on the Initial Resource Estimate for the San Luis Del Cordero Project" and was prepared by independent "Qualified Persons" (as that term is defined in 43-101), Terence Wesley Hodson, P.Geo, of Hodson Geological Ltd., of Surrey, British Columbia.

The Report is available for review on both SEDAR (www.sedar.com) and the Company's website (www.prosperosilver.com).

Tawn Albinson, M.Sc., President of the Company, is a Qualified Person, as defined in NI 43-101, and is responsible for the technical content and interpretations of this press release.

About Prospero Silver Corp.:

Prospero is a Canadian resource company with the majority of its staff based in Mexico and who work for its wholly owned subsidiary Minera Fumarola, SA de CV (Fumarola). Prospero's objective is to quickly evaluate the properties currently owned or optioned for their suitability to provide size potential and/or amenability for strategic joint ventures.

Forward-Looking Statement Cautions:

This news release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, relating to the closing of a non-brokered Private Placement. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. Factors that could cause actual results to differ materially from these forward looking statements include, but are not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's inability to obtain any necessary permits, consents or authorizations required for its planned activities, and the Company's inability to raise the necessary capital or to be fully able to implement its business strategies. The reader is referred to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com, including the risk factors discussed in Prospero's November 27, 2009 prospectus. Except as required by securities laws and the policies of the TSX Venture Exchange, Prospero disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.