Prophecy Expands Gibellini Staking and Outlines Vanadium Business Strategy

Prophecy Development (“Prophecy” or the “Company”) (TSX:PCY, OTCPK:PRPCF, Frankfurt:1P2N) is pleased to announce that it has significantly expanded the land position at its Gibellini project, located in Nevada’s Battle Mountain region, about 25 miles south of the town of Eureka.

Staking

A total of 198 new claims have been staked immediately adjacent to the Gibellini project covering 4091 acres that are sufficient to enable future vanadium mining, processing and extraction.

The staking comes after the Company’s review of the baseline studies and Plan of Operations prepared and submitted by the project’s previous operator and deemed complete by the Bureau of Land Management.

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