Boundary Gold Begins Investigation into Lowell Schmidt, Known Nominee for Past Director and BCSC Investigation Subject David Schmidt

Vancouver, May 17, 2021 - Boundary Gold and Copper Mining Ltd. (TSXV: BDGC) (OTCQB: PRZFF) (FSE: MQS1) ("Boundary" or the "Company") has begun its internal investigation into Lowell Schmidt, and his share positions. The Company has reason to believe unscrupulous trading patterns occurred as he is related to David Schmidt who is part of an investigation by the British Columbia Securities Commission.

The Company believes Lowell Schmidt, a former investment advisor, is a known nominee for David Schmidt, who is holding multiple positions on his behalf, and trading on his recommendations. The Company has reason to believe David has been directing Lowell on multiple occasions on specific fundamental events that were material to the Company.

The Company would also ask the Securities Commission to explore the two men and other investments that may have been made by the two.

On behalf of the Company

Russell Van Skiver
CEO and Director

About Boundary Gold and Copper Mining Ltd.

Boundary is a junior mining issuer listed on the TSX Venture Exchange.

For more information please contact:

info@prizemining.com

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The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable by the Company at the time of preparation, may prove to be incorrect and readers are cautioned not to place undue reliance on forward-looking information, which speaks only as of the date hereof. The Company does not undertake any obligation to release publicly any revisions to forward-looking information contained herein to reflect events or circumstances that occur after the date hereof or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

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