The Company has learned that correspondence it received from the Toronto Stock Exchange has been improperly disclosed to the public. The Company is in the process of preparing a response to this correspondence.
If any material information arises from this exchange of correspondence, the Company will disclose such information in a timely manner.
About Prophecy Coal
Prophecy Coal Corp. is a Canadian company listed on the Toronto stock exchange engaged in developing energy projects in Mongolia. Prophecy's wholly-owned subsidiary Prophecy Power Generation LLC is advancing plans for a proposed 600 MW coal-fired mine-mouth power plant, which has been licensed by the Mongolian government, adjacent to its Chandgana coal deposit. Substantially all of Prophecy's resources are not mineral reserves; hence, they do not have demonstrated economic viability.
Further information on Prophecy Coal can be found at www.prophecycoal.com.
PROPHECY COAL CORP ON BEHALF OF THE BOARD
John Lee, Executive Chairman
Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.