Prospector Metals Corp. is pleased to announce that it has entered an option agreement with 1484428 B.C. Ltd whereby 1484428 B.C. Ltd may earn 100% of the Company's Toogood Project, located on New World Island, approximately 65 km north of Gander, Newfoundland . Pursuant to the terms of the Option Agreement, to acquire a 100% interest in the Toogood Project, 1484428 B.C. Ltd is required to make aggregate cash payments of C$25,000, issue shares having an aggregate value of $900,000, and incur an aggregate of C$6,000,000 in exploration expenditures within 60 months. In addition, 1484428 B.C. Ltd will assume responsibility for all underlying original vendor agreements, including net smelter royalties and milestone payments payable on the Toogood Project. The Toogood Project curr...