Prospero Announces Grant of Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 4, 2016) - Prospero Silver Corp. (TSX VENTURE:PSL) ("Prospero" or the "Company") reports that the board of directors of the Company has approved the granting of 1,365,000 stock options (the "Options") pursuant to the Company's Share Option Plan to directors, officers and employees of the Company. The Options are exercisable at a price of $0.05 per share expiring on March 2, 2021 and vest immediately.

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. Prospero's objective, as a project generator, is to quickly evaluate properties it acquires for their suitability to provide size potential and/or amenability for strategic joint ventures. For additional information on Prospero, readers are encouraged to see the disclosure documents filed under the Company's profile at www.sedar.com, and to visit the Company's website at www.prosperosilver.com.

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