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<title>News Release 2012</title>
<description>Prophecy Coal Corp. (TSX: PCY, OTC-QX: PRPCF, Frankfurt: 1P2 ) is a Canadian coal production company with projects in Mongolia.</description>
<link>http://prophecycoal.com/news_release.php</link>


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<title>May 8, 2012 -  

Prophecy Coal Provides Coal Sales Update from Ulaan Ovoo</title>
<description>Prophecy Coal Corp. (“Prophecy” or the “Company”) (TSX: PCY, OTCQX: PRPCF, Frankfurt: 1P2) is pleased to provide the following update on its open pit coal operation at its Ulaan Ovoo mine in Mongolia.
  </description>
<link>http://www.prophecycoal.com/news_2012_may08_Prophecy_Coal_Provides_Coal_Sales_Update_UlaanOvoo.php</link>
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<title>March 21, 2012 -  

Prophecy Coal Extends Warrant Expiry Dates</title>
<description>Prophecy Coal Corp. (“Prophecy” or the “Company”) (TSX: PCY, OTCQX: PRPCF, Frankfurt: 1P2) announces that it will extend the expiry dates of certain outstanding warrants as detailed below.  The subject warrants were originally issued during March, April and September, 2010 with original expiry dates of 18 months and 2 years.
  </description>
<link>http://www.prophecycoal.com/news_2012_mar21_Prophecy_Coal_Extends_Warrant.php</link>
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<title>March 8, 2012 -  

Prophecy Coal Closes $10 Million Private Placement</title>
<description>Prophecy Coal Corp. (“Prophecy” or the “Company”) (TSX: PCY, OTCQX: PRPCF, Frankfurt: 1P2) is pleased to announce the closing of the private placement previously announced on March 1, 2012.  Due to investor demand, the Company has increased the size of the non-brokered private placement of common shares to 22,363,866 shares at a price of $0.45 per share for gross proceeds of $10,063,740 (the “Placement”).
  </description>
<link>http://www.prophecycoal.com/news_2012_mar08_prophecy_closes_private_placement.php</link>
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<title>March 1, 2012 -  

Prophecy Coal Arranges $9 Million Private Placement </title>
<description>Prophecy Coal Corp. (“Prophecy” or the “Company”) (TSX: PCY, OTCQX: PRPCF, Frankfurt: 1P2) announces that the Company has arranged a non-brokered private placement of approximately 20,000,000 shares at a price of $0.45 per share to raise aggregate gross proceeds of $9,000,000.
  </description>
<link>http://www.prophecycoal.com/news_2012_mar01_prophecy_arranges_private_placement.php</link>
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<title>February 27, 2012 -  

Prophecy Coal Celebrates TSX Listing by Opening the Market with Special VIP guests, Including the Mongolian Ambassador to Canada, and Exclusive Reception to Follow</title>
<description>Prophecy Coal Corp. (“Prophecy” or the “Company”) (TSX: PCY, OTCQX: PRPCF, Frankfurt: 1P2) is pleased to announce the Company will be holding its official TSX listing ceremony at the TMX Broadcast Centre in Toronto, Ontario on Monday, February 27th beginning at 9:00 am EST. 
  </description>
<link>http://www.prophecycoal.com/news_2012_feb27_prophecy_tsx_listing_event.php</link>
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<title> Jan 24, 2012 -  

Prophecy Provides EPC, PPA, Project Financing Update on Chandgana Power Plant Project</title>
<description>Prophecy Coal Corp. (“Prophecy” or the “Company”) (TSX: PCY, OTCQX: PRPCF, Frankfurt: 1P2) is pleased to provide the following update on EPC (Engineering, Procurement, Construction), PPA (Power Purchase Agreement), and project financing in connection with its proposed 600 MW Chandgana power plant project in Mongolia.
  </description>
<link>http://www.prophecycoal.com/news_2012_jan24_prophecy_provides_EPC_update.php</link>
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<title> Jan 17, 2012 -  

Prophecy Receives A Positive Feasibility Study for the Chandgana Mine-Mouth Power Plant Project in Central Mongolia (Diagrams Included)</title>
<description>Prophecy Coal Corp. (“Prophecy” or the “Company”) (TSX: PCY, OTCQX: PRPCF, Frankfurt: 1P2) has received a positive feasibility study for the Company's 600 MW Chandgana Mine-Mouth Power Project in Central Mongolia. The Report was independently prepared by Ralf Thomsen, Project Manager at Steag, a German firm specializing in the planning, financing, construction and operation of highly efficient, thermal power plants for fossil fuels. 


  </description>
<link>http://www.prophecycoal.com/news_20112_jan17_prophecy_receives_power_plant_feasibility_study.php</link>
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<title> December 30, 2011 -  

Prophecy Coal Obtains Credit Facilities Totaling $7 Million To Advance Chandgana Project</title>
<description>Prophecy Coal Corp. ("Prophecy" or the "Company") (TSX: PCY) (OTCQX: PRPCF) (Frankfurt: 1P2) is pleased to announce that it has executed a term sheet for a secured debt facility of up to $5 million (the "Debt Facility") with a leading resource lender and a $2 million inter-company loan facility agreement (the “Inter-Co Facility”) with its controlled affiliate, Prophecy Platinum Corp.  The Debt Facility is currently subject to completion of the lender’s due diligence, TSX approval and completion of customary credit documentation.


  </description>
<link>http://www.prophecycoal.com/news_2011_dec30_prophecy_enters_loan_facility.php</link>
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<title> December 21, 2011  -  

Prophecy Granted Landmark Chandgana Power Plant License </title>
<description>Prophecy Coal Corp. ("Prophecy") (TSX: PCY)(OTCQX: PRPCF)(Frankfurt: 1P2) (the "Company") is pleased to present the following year-end letter from John Lee, CEO and Chairman of Prophecy

  </description>
<link>http://www.prophecycoal.com/news_2011_dec21_prophecy_year_end_letter.php</link>
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<title> November 21, 2011 -  

Prophecy Granted Landmark Chandgana Power Plant License </title>
<description>Prophecy Coal Corp. ("Prophecy") (TSX: PCY)(OTCQX: PRPCF)(Frankfurt: 1P2) (the "Company") is pleased to announce that its wholly-owned Mongolian subsidiary, East Energy Development LLC, has received the license certificate from the Mongolian Energy Regulatory Authority to construct the 600MW Chandgana power plant. 
  </description>
<link>http://www.prophecycoal.com/news_2011_nov21_prophecy_granted_landmark_chandgana_power_plant_license.php</link>
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<title>October 18, 2011 - Prophecy to Trade on Toronto Stock Exchange Starting October 19</title>
<description>Prophecy Coal Corp. ("Prophecy") (TSX-V: PCY)(OTCQX: PRPCF)(Frankfurt: 1P2) (the "Company") is pleased to announce that its common shares have been approved for listing on the Toronto Stock Exchange (“TSX”) under its current trading symbol “PCY” starting Wednesday, October 19, 2011
  </description>
<link>http://www.prophecycoal.com/news_2011_oct18_prophecy_to_trade_on_toronto_stock_exchange_starting_oct_19.php</link>
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<title>September 15, 2011 - Mongolian Government Endorses Chandgana Power Plant Project</title>
<description>Prophecy Coal Corp. ("Prophecy") (TSX-V: PCY)(OTC-QX: PRPCF)(Frankfurt: 1P2) (the "Company") announces  today that its Chandgana Power Plant Project ("Project") has been officially endorsed by the Mongolian Ministry of Natural Resources and Energy.  The Mongolian Energy Regulatory Authority (“ERA”), in charge of power plant license issuance, has received the endorsement and is expected to issue a final response to Prophecy's license application in Q4, 2011.    

  </description>
<link>http://www.prophecycoal.com/news_2011_sep15_Prophecy_receives_powerplant_endorsement.php</link>
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<title>August 29, 2011  - Prophecy Secures Coal Offtake Agreements for 2011 </title>
<description>Prophecy Coal Corp. ("Prophecy") (TSX-V: PCY)(OTC-QX: PRPCF)(Frankfurt: 1P2) (the "Company") announces today that it has signed coal sales agreements with Mongolian and Russian buyers totalling 92,000 tonnes.

In particular, 22,000 tonnes of coal have been sold to Energy LLC, a company registered in the Buryatia Republic of the Russian Federation.  This coal will be consumed in local Buryat power stations and boilers.  During the next 60 days, the coal stockpiled at Sukhbataar rail station will be loaded and railed cross-border into the Republic of Buryatia in Russia via Naushki.  Energy LLC had imported a landmark trial shipment from Prophecy in June. 

  </description>
<link>http://www.prophecycoal.com/news_2011_aug29_Prophecy_secures_offtake.php</link>
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<title>August 17, 2011 - Prophecy Makes New Coal Discovery 17 km From Its Ulaan Ovoo Coal Mine in Mongolia </title>
<description>Prophecy Coal Corp. ("Prophecy") (TSX-V: PCY)(OTCQX: PRPCF)(Frankfurt: 1P2) (the "Company") announces today that it has intercepted a 19-meter-thickness coal seam at the newly acquired Ilch Khujirt property (“Ilch“). The 4,773-hectare Ilch property is located 17 km northeast of Prophecy’s producing Ulaan Ovoo coal mine. It is contiguous to Prophecy’s existing exploration license covering 7,392 hectares.

  </description>
<link>http://www.prophecycoal.com/news_2011_aug17_Prophecy_coal_discovers_new_coal.php</link>
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<title>August 11, 2011 - Prophecy Coal Clarifies Q1-2011 Financial Statement Disclosures
</title>
<description>Prophecy Coal Corp. (“Prophecy” or the “Company”) (TSX-V: PCY, OTCQX: PRPCF, Frankfurt: 1P2) announces at the request of the British Columbia Securities Commission, the Company has today filed amended Q1-2011 financial statements and management discussion and analysis.

  </description>
<link>http://www.prophecycoal.com/news_2011_aug11_prophecy_clarifies_financial_statement.php</link>
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<title>July 20, 2011 - Prophecy Announces Adoption of Shareholder Rights Plan
</title>
<description>Prophecy Coal Corp. ("Prophecy") (TSX-V: PCY)(OTCQX: PRPCF)(Frankfurt: 1P2) (the "Company") announces that it has adopted a shareholder rights plan (the “Rights Plan”) designed to encourage the fair treatment of its shareholders in the event of an unsolicited take-over bid for shares of the Company. The Rights Plan is designed to give the Company’s shareholders sufficient time to properly assess a take-over bid without undue pressure and to give the Company’s Board of Directors time to consider alternatives that allow the Company’s shareholders to receive full and fair value for their common shares....  </description>
<link>http://www.prophecycoal.com/news_2011_july20_prophecy_announces_shareholder_rights.php</link>
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<title>June 29, 2011 - Prophecy Makes Landmark Shipment of Coal to Buryatia Province of Russia from Mongolia</title>
<description>Prophecy Coal Corp. ("Prophecy") (TSX VENTURE:PCY)(OTCQX:PRPCF)(FRANKFURT:1P2) (the "Company") announces today it has exported a shipment of 650 tonnes of thermal coal, which is the equivalent of ten wagons from the Company's Ulaan Ovoo mine in Mongolia. The coal was loaded on to rail at Sukhbartaar rail station and crossed the border into the Republic of Buryatia in Russia via Naushki. The coal was sold to Energy LLC, a company registered in the Buryatia Republic of Russian Federation, which was then consumed in local Buryat power stations and boilers...  </description>
<link>http://www.prophecycoal.com/news_2011_jun29_Prophecy_coal_shipment_to_Russia.php</link>
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<title>June 24, 2011 - Mid-Year Review Letter from Chairman of Prophecy Coal. </title>
<description>I am pleased to provide this mid-year review of Prophecy’s progress against goals set out in my 2010 year end letter http://www.prophecycoal.com/news_2010_dec24b.php ...  </description>
<link>http://www.prophecycoal.com/news_2011_jun24_Prophecy_mid_year_letter.php</link>
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<title>June 23, 2011 - Prophecy Coal Releases Q1-2011 Results </title>
<description>Prophecy has filed today its interim financial results for the first quarter ended March 31, 2011. The interim condensed financial statements and accompanying Management's Discussion and Analysis...  </description>
<link>http://www.prophecycoal.com/news_2011_jun23_Prophecy_2011_Q1_Results.php</link>
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<title>June 14, 2011 - Prophecy Secures Far East Russian Sea Port Allocation and Provides Ulaan Ovoo Mine Production Update  </title>
<description>Prophecy Coal Corp. ("Prophecy") (TSX-V:PCY)(OTCQX: PRPCF)(Frankfurt:1P2) (the "Company")  is pleased to have entered into an arrangement with the Port of Sovgavan in the State of Khabarovsk, Russia whereby Prophecy will have initial access to port allocation of 25,000 tonnes per month starting in June, potentially expandable to 50,000 tonnes per month, representing 300,000 to 600,000 tonnes annually. </description>
<link>http://www.prophecycoal.com/news_2011_jun14_Prophecy_Secures_Russian_Sea_Port_Updates_Ulaan_Ovoo.php</link>
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<title>June 13, 2011 - Prophecy Completes Spinout of Nickel Assets to Pacific Coast Nickel   </title>
<description>Prophecy Resource Corp. (“Prophecy”) (TSX-V:PCY, OTC-QX: PRPCF, Frankfurt: 1P2) is pleased to announce the completion of the sale of the Wellgreen and Lynn Lake nickel properties to Pacific Coast Nickel Corp. (“PCNC”) by Prophecy (the “Transaction”) (see joint PCNC / Prophecy news, January 18, 2011, February 17, 2011, April 4, 2011 and June 1, 2011) by way of a plan of arrangement under the Business Corporations Act (British Columbia). </description>
<link>http://www.prophecycoal.com/news_2011_jun13_Prophecy_Completes_Spinout_of_Nickel_Assets_to_Pacific_Nickel.php</link>
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<title>June 2, 2011 -Prophecy and Pacific Coast Nickel Commence 8,000 Meter Drilling Program on its PGM-Ni-Cu Wellgreen Project  </title>
<description>Prophecy Resource Corp. (“Prophecy”) (TSX-V:PCY, OTC-QX: PRPCF, Frankfurt: 1P2) and Pacific Coast Nickel Corp. ("PCNC") (TSX-V: NKL, US-PINK: PNIKF, Frankfurt: P94) (the "Companies") are pleased to announce the commencement of an expansion drilling program on its Wellgreen PGM Ni-Cu Project, located in the Yukon Territory, Canada. The program has been commenced by Prophecy and will be completed by PCNC following the completion of the arrangement transaction ("Arrangement") whereby PCNC will acquire the Lynn Lake and Wellgreen properties from Prophecy. </description>
<link>http://www.prophecycoal.com/news_2011_jun01_Shareholders_Approve_Prophecy_NKL_Arrangement.php</link>
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<title>June 1, 2011 - Shareholders of Prophecy and Pacific Coast Nickel Approve Arrangement Transaction  </title>
<description>Prophecy Resource Corp. ("Prophecy") (TSX-V:PCY)(OTCQX: PRPCF)(Frankfurt:1P2) and Pacific Coast Nickel Corp. ("PCNC") (TSX-V:NKL) (the "Companies") announce that their respective shareholders have approved the arrangement transaction ("Arrangement") whereby PCNC will acquire the Lynn Lake and Wellgreen nickel properties from Prophecy. The votes were tabulated during separate shareholder meetings held by Prophecy and PCNC earlier today. 98.17% of Prophecy shares and 74.64% of PCNC shares present in person or by proxy at the respective shareholder meetings supported the arrangement transaction. In connection with the arrangement, shareholders of Prophecy also approved a change of name to "Prophecy Coal Corp.", and shareholders of PCNC also approved a 10:1 share consolidation. It is expected the name change and share consolidation will be effected shortly after the completion of the arrangement.</description>
<link>http://www.prophecycoal.com/news_2011_jun01_Shareholders_Approve_Prophecy_NKL_Arrangement.php</link>
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<title>May 5, 2011 - Prophecy Resource Corp. Appoints New Chief Financial Officer  </title>
<description>Prophecy Resource Corp. ("Prophecy" or the "Company") (TSX-V: PCY, OTCQX: PRPCF, FRANKFURT: 1P2) is pleased to announce the appointment of David Jan as the Company’s Chief Financial Officer. Mr. Jan is a Chartered Accountant (CA) and joins Prophecy from Western Coal Corp., where he held the position of Head of Investor Relations prior to its merger with Walter Energy Inc. In that role he significantly contributed in increasing Western Coal’s profile as it grew from a $50 million market capitalization junior coal mining company to a $3.3 billion global coal mining company.  Over the past 20 years Mr. Jan has also held progressively senior financial positions in other natural resource companies.</description>
<link>http://prophecycoal.com/news_2011_may05_Prophecy_Appoints_CFO.php</link>
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<title>May 4, 2011 - Prophecy Acquires Prospective Claims Near Its Ulaan Ovoo Mine In Mongolia </title>
<description>Prophecy Resource Corp. (“Prophecy” or the “Company”) (TSX-V: PCY, OTCQX: PRPCF, Frankfurt: 1P2) announces that it has entered into an Option Agreement ("Agreement") with a private Mongolian company  ("Seller") holding an exploration license near Prophecy’s Ulaan Ovoo mine, pursuant to which Prophecy has been granted the right to acquire 100% ownership for US $2 million within the first year, or US $4 million in the second year of the execution of the Agreement.</description>
<link>http://prophecycoal.com/news_2011_may04_Prophecy_Acquires_Claims.php</link>
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<title>May 4, 2011 - Prophecy And Pacific Coast Nickel Announce Respective Shareholder Meeting Date of May 31, 2011 to Approve Spin Off </title>
<description>Prophecy Resource Corp. (“Prophecy”) (TSX-V: PCY, OTCQX: PRPCF, Frankfurt: 1P2) and Pacific Coast Nickel Corp. ("PCNC") (TSX-V: NKL) (“PCNC”, and collectively with Prophecy, the "Companies") are pleased to announce that  further to their announcement on April 4, 2011, both Companies have each set a shareholder meeting date of May 31, 2011 to approve the sale of Prophecy’s Wellgreen PGM Ni-Cu and Lynn Lake Nickel projects (the “Projects”) to PCNC. </description>
<link>http://prophecycoal.com/news_2011_may04_Prophecy_NKL_Spinoff.php</link>
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<title>April 21, 2011 - Prophecy Submits Formal Request to Mongolian Government To Build Chandgana Power Plant  </title>
<description>Prophecy Resource Corp. (“Prophecy” or the “Company”) (TSX-V: PCY, OTCQX: PRPCF, Frankfurt: 1P2) is pleased to report that after 8 months of due diligence, research and study, the Company has submitted the formal request with the Ministry of Natural Resources and Energy (“Ministry”) to build the Chandgana Power Plant.</description>
<link>http://prophecycoal.com/news_2011_apr21_Prophecy_Submits_Formal_Request_For_Power_Plant.php</link>
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<title>April 4, 2011 - Prophecy Resource Corp. and Pacific Coast Nickel Corp. Sign Arrangement Agreement </title>
<description>Prophecy Resource Corp. ("Prophecy") (TSX-V: PCY, OTCQX: PRPCF, Frankfurt: 1P2) and Pacific Coast Nickel Corp. ("PCNC") (TSX-V: NKL) ("PCNC", and collectively with Prophecy, the "Companies") are pleased to announce that further to their announcements on January 18, 2011 and February 17, 2011, they have signed the definitive arrangement agreement ("Arrangement Agreement") to sell Prophecy's Wellgreen PGM Ni-Cu and Lynn Lake Nickel projects (the "Projects") to PCNC.</description>
<link>http://prophecycoal.com/news_2011_apr04_Prophecy_Signs_Arrangement_Agreement.php</link>
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<title>April 1, 2011 - Deputy CEO of En+ Group of Companies Joins Prophecy's Board of Directors </title>
<description>Prophecy Resource Corp. ("Prophecy" or the "Company") (TSX-V:PCY, OTCQX: PRPCF, Frankfurt: 1P2) is pleased to announce the appointment of Mr. Jivko Savov as a non-executive director of the Company.
</description>
<link>http://prophecycoal.com/news_2011_apr01_EN_Group_Deputy_CEO_Joins_Prophecy.php</link>
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<title>March 23, 2011 - Prophecy Provides Operation Update and Production Forecast at Ulaan Ovoo </title>
<description>Prophecy Resource Corp. ("Prophecy" or the "Company") (TSX-V: PCY, OTCQX: PRPCF, Frankfurt: 1P2) is pleased to provide the following update on its open pit coal operation at its 100% owned, Ulaan Ovoo mine in Mongolia:</description>
<link>http://prophecycoal.com/news_2011_mar23_Prophecy_Operation_Production_Update_Ulaan_Ovoo.php</link>
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<title>March 17, 2011 - President and Chairman of the Monnis Group of Companies Joins Prophecy's Board of Directors </title>
<description>Prophecy Resource Corp. ("Prophecy" or the "Company") (TSX-V:PCY, OTCQX: PRPCF, Frankfurt: 1P2)  is pleased to announce that Mr. Chuluunbaatar, President and Chairman of the Monnis Group of Companies, Mongolia ("Monnis")  has been appointed to Prophecy's Board of Directors.  Monnis, headquartered in Ulaanbaatar, Mongolia, is one of Mongolia's largest industrial holding companies.  With over 1,000 employees and 12 subsidiaries, Monnis has, under Mr. Chuluunbaatar's leadership, become  a national leader in  insurance, construction, logistics, technology, real-estate, geological services, mining support services, energy,  automobile and automotive parts distribution, international freight forwarding, foreign trade,  air services, communications, and corporate finance advisory services.  By practicing good corporate governance and social responsibility, Monnis has become one of Mongolia's most respected and revered business entities.</description>
<link>http://prophecycoal.com/news_2011_mar17_Monnis_Group.php</link>
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<title>March 11, 2011 - Prophecy Makes Strategic Investment in Compliance Energy Corporation </title>
<description>Prophecy Resource Corp. ("Prophecy" or the "Company") (TSX-V:PCY, OTCQX: PRPCF, Frankfurt: 1P2)  reports that it has acquired 5,000,000 common shares of Compliance Energy Corporation ("Compliance"), representing approximately 8% of Compliance outstanding shares by means of a non-brokered private placement.   Compliance's majority interest is the Raven Coking Coal Project located on Vancouver Island, Canada in addition to other coal projects totaling 75,000 associated exploration and development acres. The investment represents Prophecy's first foray into the metallurgical coal market to complement its substantial 100% owned open-pittable thermal coal resources in Mongolia  (839 Mt Measured, 579 Mt Indicated). The Raven Underground Coal Project contains high volatile A Bituminous coal suitable for targeting the metallurgical coal market as a blend product or the thermal coal market. The project is owned 60% by Compliance Energy and 40% by a subsidiary owned by Itochu Corporation of Japan and LG International Corp. of Korea.  Prophecy paid CDN $1,750,000 (or $0.35 per share) for its interest in Compliance Energy.  The total coal tonnage at the Raven Underground Project (as reported by Pincock, Allen and Holt in its NI 43-101 resource estimated in April 2010) is 71,998,201 tonnes of measured and indicated and 59,430,517 tonnes of inferred.</description>
<link>http://prophecycoal.com/news_2011_mar11_Prophecy_Makes_Strategic_Investment_In_Compliance.php</link>
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<title>March 2, 2011 - Prophecy Appoints Key Management Personnel </title>
<description>Prophecy Resource Corp. ("Prophecy" or the "Company") (TSX-V:PCY, OTCQX: PRPCF, Frankfurt: 1P2 is pleased to announce that it has made the following senior appointments</description>
<link>http://prophecycoal.com/news_2011_mar02_Prophecy_Appoints_Key_Management.php</link>
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<title>March 1, 2011 - Pacific Coast Nickel Resumes Trading 9:30am March 2 </title>
<description>Prophecy Resource Corp. ("Prophecy") (TSX-V:PCY, OTC: PRPCF, Frankfurt: 1P2) and Pacific Coast Nickel Corp. ("PCNC") (TSX-V: NKL) (the "Companies") are pleased to announce that PCNC will resume trading at market open on March 2.</description>
<link>http://prophecycoal.com/news_2011_mar01_Pacific_Nickel_Resume_Trading.php</link>
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<title>February 18, 2011 - Prophecy achieves over 95% Nickel recovery in preliminary results from Lynn Lake Bioleach Study by Mintek </title>
<description>Prophecy Resource Corp. ("Prophecy" or the "Company") (TSX-V:PCY, OTCQX: PRPCF, Frankfurt: 1P2)  has received preliminary results from its ongoing metallurgical study on the amenability of its Lynn Lake resource to the bioleach process.  The bioleach study is being conducted by Mintek in South Africa and overseen by Andy Carter, Manager of Metallurgical Engineering for Wardrop Engineering Inc., a Tetra Tech Company.  Key findings of the results to date show that nickel recoveries in excess of 95% can be achieved using only a moderate grind and leach temperature, whereas high copper recoveries generally require finer grinding and higher temperatures. </description>
<link>http://prophecycoal.com/news_2011_feb18_Lynn_Lake_Nickel_Recovery_Bioleach_Study_Mintek.php</link>
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<title>February 17, 2011 - Pacific Coast Nickel Corp. and Prophecy Resource Corp. Receive Fairness Opinions and Amend LOI </title>
<description>Prophecy Resource Corp. ("Prophecy") (TSX-V:PCY, OTC: PRPCF, Frankfurt: 1P2) and Pacific Coast Nickel Corp. ("PCNC") (TSX-V: NKL) (the "Companies") are pleased to announce that they have entered into an amending agreement (the "Amending Agreement") in respect of the binding letter of agreement dated January 17, 2011 ("LOI") whereby PCNC will acquire Prophecy's Nickel PGM projects by issuing common shares to Prophecy (the "Transaction").The Amending Agreement was entered based on independent fairness opinion each received by Prophecy and PCNC. The Amending Agreement has been approved by the independent special committees of each of Prophecy and PCNC and the terms of the Amending Agreement were determined to be fair to the shareholders of Prophecy and PCNC by the independent fairness opinion authors engaged by each of Prophecy and PCNC. </description>
<link>http://prophecycoal.com/news_2011_feb17.php</link>
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<title>February 8, 2011 - Prophecy Obtains Full Mining License for its 141-million-tonne Chandgana Tal Coal Deposit, Mongolia (map and diagrams included) </title>
<description>Prophecy Resource Corp. ("Prophecy" or the "Company") (TSX-V:PCY, OTCQX: PRPCF, Frankfurt: 1P2)  reports today that it has received the full mining license from the Mineral Resources Authority of Mongolia for the Chandgana Tal ("Tal") Deposit in Mongolia. Tal contains 141 million tonnes of Measured coal* and is located 9 kms north of Prophecy’s Chandgana Khavtgai project (over 1 billion tonnes Measured/Indicated coal)*.</description>
<link>http://prophecycoal.com/news_2011_feb8.php</link>
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<title>January 19, 2011 - Prophecy to Host Investor Conference Call on January 20, 2011 </title>
<description>Prophecy Resource Corp. ("Prophecy" or the "Company") (TSX-V:PCY, OTCQX: PRPCF, Frankfurt: 1P2 announces that it will host a conference call at 10:00am EST (7:00am PST) on Thursday January, 20, 2011. Mr. John Lee, Prophecy Chairman and CEO, will update shareholders and analysts on Prophecy's Mongolian operations and its recently announced transaction with Pacific Coast Nickel</description>
<link>http://prophecycoal.com/news_2011_jan19.php</link>
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<title>January 18, 2011 - Pacific Coast Nickel Corp. Purchases Wellgreen PGM and Lynn Lake Nickel Projects From Prophecy Resource Corp. </title>
<description>Prophecy Resource Corp. ("Prophecy") (TSX-V:PCY, OTC: PRPCF, Frankfurt: 1P2) and Pacific Coast Nickel Corp. ("PCNC") (TSX-V: NKL) (the "Companies") are pleased to announce that they have entered into a binding letter of agreement dated January 17, 2011 (the "Agreement") whereby PCNC will acquire Prophecy’s Nickel PGM projects by issuing common shares to Prophecy. (the "Transaction"). </description>
<link>http://prophecycoal.com/news_2011_jan18.php</link>
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<item>
<title>January 5, 2011 - Prophecy Enters MOU for 1.2 Million Tonnes Per Year Coal Offtake With JUST Group </title>
<description>Prophecy Resource Corp. ("Prophecy" or the "Company") (TSX-V:PCY, OTCQX: PRPCF, Frankfurt: 1P2)  announced today that it has entered into a Memorandum of Understanding ("MOU") with JUST Group ("JUST") of Mongolia pertaining to a minimum of 1.2 million tonnes of coal sales from Prophecy's Ulaan Ovoo mine.</description>
<link>http://prophecycoal.com/news_2011_jan05.php</link>
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<item>
<title>January 4, 2011 - Prophecy Announces Accelerated Expiry of Warrants </title>
<description>Prophecy Resource Corp. ("Prophecy" or the "Company") (TSX-V:PCY, OTCQX: PRPCF, Frankfurt: 1P2)  provides notice of the accelerated expiry of approximately 3,355,585 share purchase warrants of the Company which were issued in various private placements (the "Warrants"). 1,711,533 Warrants are exercisable to purchase one common share of the Company at a price of $0.50 per share until December 31, 2011. 915,750 Warrants are exercisable to purchase one common share of the Company at a price of $0.40 per share until December 31, 2011 and 728,302 Warrants are exercisable to purchase one common share of the Company at a price of $0.40 per share until January 25, 2012.</description>
<link>http://prophecycoal.com/news_2011_jan04.php</link>
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