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Attention Business Editors
Prophecy Appoints Mr. Rob McEwen to Advisory Board
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TSX-V: PCY
OTC: PCYRF
Frankfurt: 3P1
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VANCOUVER, March 11 /CNW/ - 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."
About Prophecy Resource Corp.
Prophecy is a Canadian company focused on the acquisition and development
of advanced mineral assets. The company holdings include the Lynn Lake
nickel-copper project in Manitoba, the Titan vanadium project in Ontario, and
the Okeover copper-molybdenum project in British Columbia. All together,
Prophecy controls 540 million lbs of copper, 345 million lbs of nickel, and
207 million lbs of vanadium. Technical reports on all these properties are
available at www.sedar.com
On March 4, 2010, Prophecy signed a definitive agreement to combine with
Red Hill Energy (TSX-V: RH), which controls over 1.5 billion tons of thermal
coal resource in Mongolia.
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ON BEHALF OF THE BOARD OF DIRECTORS of
Prophecy Resource Corp.
"JOHN LEE"
John Lee
Chairman
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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.
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/For further information: about Prophecy, please contact us toll-free at
1-800-459-5583 or visit our web site at www.prophecyresource.com/
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