PCY Prophecy Coal Corp

Prophecy Resource Corp. ("Prophecy" or the "Company") (TSX
VENTURE:PCY)(OTCQX:PRPCF)(FRANKFURT:1P2) is pleased to announce that it has made
the following senior appointments:


Paul F. Venter: VP Energy Operations. Ulaan Baatar and London

Mr. Venter oversees Mongolia mining and power operations for the Company. 

Mr. Venter has been a Prophecy director since August 2010. He is an industry
recognized and seasoned professional with over 30 years of experience with BHP
and Eskom in the mining, power generating, and transport industry. In 2006 he
extended his focus to expand the business of a major strategic player in the
coal and power generating industry in Russia, China and Mongolia. Mr. Venter
contributed significantly towards the commissioning of Prophecy's Ulaan Ovoo
mine in November and is now focusing on power generating opportunities in
addition to Ulaan Ovoo operations. Mr. Venter holds a MDP (Mining) and various
commercial qualifications. He was accepted as a member of the IRT (SA) in 1983.


Christiaan H.B. (Ronnie) Van Eeden: VP Mining Operations. Ulaan Baatar

Mr. Van Eeden is in charge of Mongolia mining operations and coal to liquids
technology.


Mr. Van Eeden has 34 years of experience in coal mining and related industries
including holding senior management positions pertaining to the engineering,
mining and commercial functions of coal mines. His experience also includes the
management of the mining and supply of 90-100 million tons of coal per annum,
through various coal supply agreements, to Eskom the South African power
utility. He is a former director of a Canadian mining company that developed a
feasibility study for the establishment of a 2400 MW power plant with its
associated coal mine in Botswana in Southern Africa. Also prior to joining
Prophecy he was contracted by a large South African coal to liquids company to
undertake mining and commercial evaluations for the feasibility studies of three
large coal operations in China including negotiating coal supply agreements, as
well as the analysis and evaluation of the business plans of five large coal
mines in South Africa.


Ronnie has a BSC Eng degree as well as a B Proc law degree. He also holds
certificates of competence in mining and engineering, a legal requirement for
managing coal mines in South Africa.


Enkbaatar Ochirbal: VP Mongolia Country Manager. Ulaan Baatar 

Mr. Ochirbal liaises with government on statutory and regulatory framework for
both mining and energy operations. 


Mr. Ochirbal is a Mongolian national, who prior to joining Red Hill Energy Inc.
(now Prophecy Resource Corp.) in 2005 was a Senior Manager with MineInfo LLC,
one of Mongolia's leading minerals and consulting companies. Prior to entering
the mining sector, he spent over 16 years in various managerial positions in
Mongolia's financial and banking sectors. He is a former Department Head for the
Mongolian Stock Exchange and Securities Commission, and former President of MS
Invest LLC - the first Investment Fund in Mongolia in addition to being the
former CEO of the Capitron bank. Mr. Ochirbal holds a Commerce degree from the
Mining & Economics Institute, Ukraine, an MBA from the Mongol Business
University, Mongolia in addition to studying at the University of Hull, UK and
Boston University. He is fluent in Mongolian, Russian, English and Czech
languages. 


Irina Plavutska, CGA: Interim CFO. Vancouver and Ulaan Baatar

Ms. Plavutska is a professional accountant with over 20 years of diverse
international experiences in financial reporting, auditing, and accounting. She
is a member of Certified General Accountants Association of British Columbia.
Ms. Plavutska earned a Masters Degree in Economics from the University of
Business and Economics in Ukraine, and has held senior accounting positions,
such as corporate controller, at numerous Canadian international and
professional service companies for the past several years. She is fluent in
Russian and English. Mr. Derek Liu has resigned as Prophecy CFO to pursue other
opportunities.


Joseph W. Li, CGA: General Manager and Corporate Secretary. Vancouver 

Mr. Li is a Certified General Accountant (B.C) andhas an Honours Bachelor of
Commerce (Laurentian University). For the past 13 years, he was a senior auditor
with the B.C. Ministry of Finance, a position which allowed him to gain valuable
insights in how diverse businesses of all sizes are operated. Mr. Li strengthens
Prophecy's corporate governance. Mr. Li has been granted 100,000 options at
$1.07 per share with a 2 year vesting schedule for a period of five years,
subject to regulatory approval.


Mr. John Lee, CFA, Chairman of Prophecy comments: "Prophecy is now endowed not
only with world class assets but world class management. I expect additional
management announcement in the near term."


About Prophecy Resource

Prophecy Resource Corporation is an internationally diversified company engaged
in developing energy, nickel and platinum group metals projects. The company
controls over 1.4 billion tons of open-pittable thermal coal in Mongolia (839 Mt
Measured, 579 Mt Indicated). Prophecy's Ulaan Ovoo coal mine is fully
commissioned. In Canada Prophecy owns Wellgreen PGM Project in Yukon, Lynn Lake
Nickel Sulphide Project in Manitoba, and a 10% equity stake in Victory Nickel.
On February 17, Prophecy Agreed to sell its PGM Nickel assets to Pacific Coast
Nickel Corp. for 450 million Pacific Nickel shares. Mineral resources that are
not mineral reserves do not have demonstrated economic viability.


ON BEHALF OF THE BOARD OF DIRECTORS of Prophecy Resource Corp.

John Lee, Chairman

Forward Looking Statements: This news release includes certain statements that
may be deemed "forward-looking statements". All statements in this release,
other than statements of historical facts, including, without limitation,
statements regarding future plans and objectives of the companies are
forward-looking statements that involve various risks and uncertainties.
Although Northern and Prophecy believe the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such statements
are not guarantees of future performance and actual results or developments may
differ materially from those in the forward-looking statements. Forward-looking
statements are based on a number of material factors and assumptions. Factors
that could cause actual results to differ materially from those in
forward-looking statements include general economic, market or business
conditions, and other risks detailed herein and from time to time in the filings
made by the companies with securities regulators. Mineral exploration and
development of mines is an inherently risky business. Accordingly the actual
events may differ materially from those projected in the forward-looking
statements. For more information on Northern and Prophecy and the risks and
challenges of their businesses, investors should review their annual filings
that are available at www.sedar.com. 


This press release does not constitute an offer to sell or a solicitation to buy
any of the securities in the United States. The securities have not been and
will not be registered under the United States Securities Act of 1933, as
amended ("the U.S. Securities Act") or any state securities law and may not be
offered or sold in the United States or to U.S. Persons unless registered under
the U.S. Securities Act and applicable state securities laws or an exemption
from such registration is available.

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