Drilling Completed at Prophecy’s Chandgana-Khavtgai Coal Project, Updated NI 43-101 Resource Report Is Expected by August

Prophecy Resource Corp. (TSX VENTURE:PCY)(PINK SHEETS:PRPCF)(FRANKFURT:1P2) reported the successful completion of its spring exploration program on its 100% owned Chandgana-Khavtgai license in Khentii aimag (province), Mongolia.

The press release is quoted as saying:

Prophecy Resource Corporation is an internationally diversified company engaged in developing, energy, nickel and platinum group elements projects. The company controls over 1 billion tonnes of open-pittable thermal coal in Mongolia. In Canada Prophecy owns Lynn Lake Nickel Project, a 10% equity stake in Victory Nickel and agreed to merge with Northern Platinum (TSX-V: NTH) on June 15, 2010. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

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