MANAGEMENT

John Lee, CFA: CEO and Chairman

John Lee is an entrepreneur with degrees in economics and engineering from Rice University. He was appointed Chairman and CEO of Prophecy in October 2009. In a little over a year and under John's leadership, Prophecy grew from having minimal assets to owning substantial coal and PGM assets in Mongolia and Canada. Prophecy is only the second Canadian public company to commission a mine to production in Mongolia, a country where John calls his second home.

David Jan, CA: Chief Financial Officer

Mr. Jan is a Chartered Accountant with over 20 years of experience in progressively senior financial experience in publicly traded coal mining and natural resource companies. His past roles include internal audit, controller, treasury, corporate finance/development and investor relations. He joins the company from Western Coal where he was head of investor relations prior to its merger.

Paul Venter, VP Energy Operations and Director

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.

Enkbaatar Ochirbal, VP Mongolia Country Manager

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.

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.

Scott Parsons, VP of Corporate Development

Mr. Parsons came to the public sector after a 20 year successful marketing and corporate development career in the private and government sectors. His experience includes extensive public relations, marketing, branding, and the development of corporate strategies for emerging and established companies. For the last several years, Mr. Parsons has assumed the role of VP of Corporate Development for Prophecy Resource Corp. and International Enexco, two Canadian-based junior exploration companies.

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

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.


DIRECTORS

John Lee, CFA: CEO and Chairman

John Lee is an entrepreneur with degrees in economics and engineering from Rice University. He was appointed Chairman and CEO of Prophecy in October 2009. In a little over a year and under John's leadership, Prophecy grew from having minimal assets to owning substantial coal and PGM assets in Mongolia and Canada. Prophecy is only the second Canadian public company to commission a mine to production in Mongolia, a country where John calls his second home.

Jivko Savov, Director

Mr. Savov spent over 12 years in the energy and power sector within asset management, business development and structured finance roles across a number of international companies. Currently, Mr. Savov is Deputy Chief Executive Officer of En+ Group and is in charge of capital markets and fund raising activities. Mr. Savov served as a Managing Director of Power and Energy at En+ since joining in 2006, and as a Chairman and Deputy Chairman of EurosibEnergo.

Michael J Deats, Director

Mike's directorships ranged from being a director of BP Southern Africa, Managing Director of BP Coal Southern Africa as well as numerous coal related companies including The Richards Bay Coal Terminal Company/ The Transvaal Coal Owners Association. During this period he was responsible for establishing BP Coal's opencast flagship colliery Middelburg Mine and marketing its product all over the world (over 5.5 million tons per annum).
Mike's past experience also included the operations of Grootegeluk coal mine which he developed from inception to eventually feed a 3600MW coal fired power station. During his career at Iscor he also personally introduced fully mechanised longwall coal mining at Durban Navigation Colliery.

Chuluunbaatar Baz, Director

Mr. Chuluunbaatar is the President and Chairman of the Monnis Group of Companies, Mongolia ("Monnis"). 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.

Paul Venter, VP Energy Operations and Director

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.

Greg Hall, Director

Mr. Hall is an independent business advisor to the mining industry. For over 30 years, Mr. Hall has focused on significant international exploration, development, and mining ventures, and all aspects of their structuring and finance. He recently retired as a director of Silvercorp Metals Inc (NYSE: SVM, TSX: SVM), China's largest primary silver producer and the lowest cost silver producer among its industry peers. His previous positions include: Director at Haywood Securities Inc.; Vice-President, Canaccord Capital Corporation; and Senior Vice-President of Leede Financial Markets Inc. He is a graduate of the Rotman School of Management, University of Toronto, SME Enterprise Board Program, and a Member of the Institute of Corporate Directors.

John McGoran, P.Geo Director

John McGoran graduated with a B.Sc. in Geology from Carleton University and has worked as an economic geologist for the past thirty eight years. Mr. McGoran spent twelve years prospecting for economic minerals and a member in good standing with British Columbia Association of Professional Engineers and Geoscientists, with a P.Geo designation and a member of the Society for Mining, Metallurgy and Exploration.
Mr. McGoran has worked as Chief Assayer in both underground and open pit operations and as a surveyor for both open pit and underground as well as grid setup for geological geophysical and geochemical surveys. Mr. McGoran is a Co-founder of Imperial Metals Corp and founder of Fleck Resources (now Polymet) and a founder of Northern Platinum Ltd.

Paul McKenzie, Director

Mr. McKenzie has over 20 years experience working in international equities markets. His experiences include acquiring, selling, financing and developing multiple international mineral and energy projects in North America, South America and Asia. In his career he has acted as Director, Vice President and President of several resource companies. Mr. McKenzie also previously worked as a licensed equity trader at Brink Hudson Lefever in Vancouver, British Columbia.


ADVISORS

Rob McEwen, Advisor

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.

Harald Batista, Advisor

Mr. Batista is an accomplished entrepreneur with over 2 decades of sales and marketing experience. He holds an MBA degree from Santa Clara University in California and is a member of the prominent Batista family in Brazil that includes Eliezer Batista, the founder of Vale do Rio Doce Company (now Vale Inco) and Eike Batista, the founder of EBX Group. EBX Group focuses on investment opportunities in infrastructure and natural resources, sectors in which Brazil presents important competitive differentials. These investments are focused on MMX (mining), MPX (energy), LLX (logistics), OGX (oil and gas) and OSX (oil services). MMX, OGX, MPX and LLX are listed on Brazil's Novo Mercado - at the Sao Paulo Stock Exchange (BOVESPA). The combined market capitalization of EBX Group companies exceeds US $50 billion.

Dr. George Gale, Advisor

Dr. George Gale has been a mineral deposit geologist for more than 40 years. Currently a director of VMS Ventures Inc. (TSX-V: VMS), he led the exploration activities that resulted in their discovery of the high-grade Manitoba Reed Lake VMS deposit in 2007.
Dr. Gale was the head of the Mineral Deposits Section of the Manitoba Geological Survey from 1977 to 1999. He will advise Prophecy's exploration activities based on his extensive geological expertise in Manitoba.