March 11, 2010 - Prophecy Resource Corp. (TSX.V: PCY; OTC: PCYRF; Frankfurt: 3P1) (the “Company” or “Prophecy”) is pleased to announce the appointment of Rob McEwen to the Company’s Advisory Board.

Mr. McEwen is a leading Canadian mining industry entrepreneur. He is the Chairman and CEO of US Gold Corp (NYSE.A UXG, TSX UXG) and Minera Andes Inc. (TSX: MAI). Mr. McEwen was the founder and former Chairman and CEO of Goldcorp Inc., where it's Red Lake Mine in northwestern Ontario, Canada is still considered to be the richest gold mine in the world. During his tenure at Goldcorp, Mr. McEwen transformed the company from a collection of small companies into a mining powerhouse, growing its market capitalization from US $50 million to approximately $8 billion. More importantly, the shares of the company produced a compounded annual growth rate of 32%. Mr. McEwen is a recipient of the Order of Canada, Canada's highest civilian honor and a philanthropist concentrating his efforts at the McEwen Center for Regenerative Medicine, a leading centre for stem cell biology and regenerative medicine.

John Lee, Chairman of Prophecy, states: "Mr. McEwen possesses an impeccable track record of delivering shareholder value, something Prophecy’s management will strive to achieve under Mr. McEwen’s guidance. With Prophecy focusing on Asian investors, I look to create synergy with Mr. McEwen through shared networking and to achieve sustainable growth through acquisition and development.”

ON BEHALF OF THE BOARD OF DIRECTORS of 

Prophecy Resource Corp.

"JOHN LEE"

John Lee

Chairman

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts

John Lee
Prophecy Resource Corp.
Chairman and CEO
1.800.851.1528
john@prophecyresource.com
www.prophecyresource.com