Prophecy Resource Corp. (TSX-V: PCY, OTC: PCYRF, Frankfurt: 3P1 ) is a Canadian company focused on the acquisition of advanced mineral assets. Our key is to stay ahead of the investing public by acquiring projects where the underlying commodity is temporarily overlooked. We look to buy distressed assets and secondary assets from sellers utilizing our network. Our first project is the advanced Lynn Lake Nickel-Copper project in Manitoba.

In October 2009, Prophecy entered into an agreement to acquire The Lynn Lake Nickel Project from Victory Nickel Inc. (TSX: NI). Click here for the news release of October 21, 2009 outlining the transaction.

The Lynn Lake sulphide-nickel deposit is located in northern Manitoba. This was rated by exploration and mining companies responding to the Fraser Institute Annual Survey of Mining Companies, in 2006-07, as having the best environmental policy in the world for mineral investment.

The Lynn Lake Nickel Mine is the fourth largest known nickel deposit in Canada. It is the third largest producer of nickel sulphide in North America behind only the Sudbury, Ontario, and Thompson, Manitoba mining camps. Lynn Lake's long history of mining and exploration reflects the greenstone belt's varied and favorable geology and tracts of high mineral potential.

Our project covers the majority of the claims that were operated by Sherritt-Gordon from 1953-1978. An independent technical report done by Wardrop Engineering Inc., dated January 2010, confirms 22.9 million tons of measured and indicated resources at 0.57% Nickel and 0.30% Copper. This translates to over 262 million pounds of Nickel and 138 million pounds of Copper in situ. Click here for full NI 43-101 resource estimates.

In addition to the above resource, there are also exciting exploration opportunities. The recent 2008, near-surface, Disco Zone discovery is 1.5km away from the outlined deposit. The Disco Zone is 80m x 20m x 270m with drill highlights such as 18 meters of 1.5% nickel, 0.7% copper, 0.04% cobalt and 47.1 meters of 0.7% nickel, 0.5% copper and 0.02% cobalt. Click here for more drill results and to learn about the Disco Zone discovery.

The Lynn Lake Nickel Bioleach-SX/EW Project proposes a forefront, environmentally-friendly alternative to conventional smelting. The project offers leverage to the nickel price with an established deposit in a safe jurisdiction that is mining friendly and has an existing available infrastructure.

Lead by seasoned management, in the near term Prophecy intends to:

• Commission an environmental baseline study and the preparation of an Environment Act License proposal to initiate the project licensing process.
• Conduct comprehensive bio-leach testing in preparation for actual production scenarios.
• Perform borehole IP surveys and to expand drilling in the Disco Zone discovery.
• Aggressively seek major partners in developing the Lynn Lake Nickel Project utilizing the Bioleach technology.

You can click here to enter The Lynn Lake Project page.

Prophecy's other properties, including the Titan vanadium-titanium-iron project. A deposit in Ontario, Canada, between Angus and Flett Townships, with access to excellent infrastructure. 142 meters of 0.27% Vanadium (0.48% Vanadium Pentoxide) from hole RA-5-21 and 174 meters of 0.26% Vanadium (0.46% Vanadium Pentoxide) from hole RA-5-10. Aeromagnetic anomaly that is approximately 1,200 by 800 meters. The mineralization started from surface to an open vertical depth of 500 meters. The complete horizontal and vertical extent of the deposit is still to be determined. And the Okeover copper molybdenum project, which is 20 km north of Powell River on the B.C. coast.

In late 2006, N.C. Carter, PhD, P.Eng, completed a technical report on the Okeover Property pursuant to NI 43-101 that estimated an inferred mineral resource of 86.8 million tonnes grading of 0.31% copper (approximately 593 million lbs) and 0.014% MoS2 (approximately 15.9 million lbs of molybdenum disulfide) at a 0.20% copper cut-off for the North Lake Zone. North Lake is the best understood of the eight zones of mineralization known to exist on the Okeover property.