Friday, December 08, 2017

Investorideas.com - Investor Ideas Adds to #AI, #Tech, #Biotech & #Mining #stock Directories

Investorideas.com - Investor Ideas Adds to #AI, #Tech, #Biotech & #Mining #stock Directories



And finally, the CSE
listed mining company,
Gorilla Minerals Corp. (CSE:GOCO),  a public junior mining and exploration
company with an interest in a number of mineral claims located in British
Columbia and the Yukon Territory had been added the mining stocks list.

Thursday, December 07, 2017

Investorideas.com - CSE New Listing – Gorilla Minerals Corp. (GOCO); @CSE_News

Investorideas.com - CSE New Listing – Gorilla Minerals Corp. (GOCO); @CSE_News




CSE New Listing – Gorilla Minerals Corp. (GOCO); @CSE_News



December 7, 2017 (Investorideas.com Newswire) The common shares of Gorilla Minerals Corp. have been approved for listing on the CSE. Listing and disclosure documents will be available at www.thecse.com on the trading date.

Gorilla Minerals Corp. is a Canadian junior mining and exploration company operating out of Vancouver, British Columbia. The Company has an active interest in a number of mineral claims located in British Columbia and the Yukon Territory, Canada.

________________________

L'inscription à la cote de CSE des actions ordinaires de Gorilla Minerals Corp. a été approuvée.

Les documents d'inscription et de divulgation seront disponibles sur www.thecse.com à la date de négociation.

Gorilla Minerals Corp. est une société minière canadienne d'exploration minière opérant à Vancouver, en Colombie-Britannique. La société détient une participation active dans un certain nombre de claims miniers situés en Colombie-Britannique et dans le territoire du Yukon, au Canada.


If you have any questions or require further information please contact Listings at (416) 367-7340 or E-mail: Listings@thecse.com

Pour toute question, pour obtenir de l'information supplémentaire veuillez communiquer avec le service des inscriptions au 416 367-7340 ou par courriel à l'adresse: Listings@thecse.com

About the CSE

The Canadian Securities Exchange, or CSE, is operated by CNSX Markets Inc. Recognized as a stock exchange in 2004, the CSE began operations in 2003 to provide a modern and efficient alternative for companies looking to access the Canadian public capital markets. http://thecse.com


Investorideas.com is a listed service provider on the Canadian Securities Exchange http://thecse.com/en/services/services-for-listed-companies/investorideascom


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Wednesday, December 06, 2017

More Stocks added than ever before- Last month to join at current prices

Investor Ideas New Membership Price as More Stocks added than ever before!

Last month to join at current prices  

Investorideas continues to help its members make smart trading decisions by providing trading news, ideas and access to stock directories in the hottest sectors- bitcoin and blockchain, cannabis, IoT, AI, mining, biotech and more… 


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Tuesday, November 28, 2017

SilverCrest (TSXV: $SIL.V; OTCQX: $SVCMF) Continues to Intercept High-Grade Mineralization at Las Chispas Property, Extensions to Las Chispas and Giovanni Veins

SilverCrest (TSXV: $SIL.V; OTCQX: $SVCMF) Continues to Intercept High-Grade Mineralization at Las Chispas Property, Extensions to Las Chispas and Giovanni Veins




Vancouver, British Columbia - November 28, 2017 (Investorideas.com Newswire) SilverCrest Metals Inc. (TSXV: SIL.VOTCQX: SVCMF) ("SilverCrest" or the "Company") is pleased to release additional surface and underground drill results from its ongoing Phase II Exploration Program at the Las Chispas Property (the "Property") located in Sonora, Mexico. The surface and underground drill program is designed to define readily accessible high-grade areas in the historic underground workings in the Las Chispas Vein and further define the Giovanni Vein. The Company is currently exploring nine of the 19 known epithermal veins on the Property with efforts focused on four of these veins to be incorporated into SilverCrest's maiden resource estimate anticipated in Q1 2018.


N. Eric Fier, CPG, P.Eng, President and CEO, remarked, "These results are building on our previous drilling and underground sampling program, which has demonstrated intact semi-continuous high-grade mineralization for the Las Chispas and Giovanni veins. As part of our expanded Phase II Exploration Program, we intend to continue with underground drilling and channel sampling on the Las Chispas and Giovanni veins through Q1 2018. We remain on track to deliver a maiden resource estimate in Q1 2018 which will include the Las Chispas, Giovanni, William Tell and Babicanora veins."

The most significant results for this release are in Hole LC17-72, which returned 4.0 metres grading 18.61 grams per tonne ("gpt") gold and 696.2 gpt silver, or 2,092 gpt silver equivalent ("AgEq", based on 75 (Ag):1 (Au) and 100% metallurgical recovery), including 0.8 metres grading 92.60 gpt gold and 2,890.0 gpt silver, or 9,835 gpt AgEq. Other significant results include Hole LC17-68 at 2.0 metres grading 5.85 gpt gold and 1,191.5 gpt silver, or 1,630 gpt AgEq, Hole LCU17-02 at 2.2 metres grading 9.42 gpt gold and 1,369.3 gpt silver, or 2,076 gpt AgEq, and Hole LCU17-04 at 6.3 metres grading 1.97 gpt gold and 241.4 gpt silver, or 389 gpt AgEq. The following table summarizes the most significant drill results (uncut, undiluted) for this release in the Las Chispas Area only;



Note: all numbers are rounded
*AgEq based on 75 (Ag):1 (Au) and 100% metallurgical recovery.
**True thickness is 80 to 100% of drilled thickness.
***Las Chispas surface holes begin with "LC" and underground holes begin with "LCU".

All assays were completed by ALS Chemex in Hermosillo, Mexico, and North Vancouver, BC, Canada.

Holes LC17-59, 62, 63, 64, and 71, and LCU17-01 and 06 intersected mineralization below the Company's 150 gpt AgEq cutoff. Hole LCU17-07 was replaced with 07A and hole LC17-67 was a lost downhole. Underground holes LCU17-02 to 07A tested for extensions of the Las Chispas Vein to the southwest and northwest, beyond the historic workings and intercepted the Tajo Chico Vein (see note below). Several un-named veins continue to be intersected and are under review for possible inclusion in the ongoing district-wide vein discoveries.

Hole LC17-72 (4.0 metres grading 2,092 gpt AgEq) was designed to test the continuity of the Giovanni Vein and replicate the nearby Hole LC16-08 (7.2 metres grading 492 gpt AgEq). This unmined vein is readily accessible via the Las Chispas historic workings. The high-grade footprint for the Giovanni Vein continues to grow and further underground infill and expansion drilling in this area is underway.

Hole LC17-58 (2.0 metres grading 246 gpt AgEq) was designed as a step-out hole to test the downward extension of the Las Chispas Vein mineralization. The hole intercepted high-grade mineralization approximately 400 metres to the southeast of previously announced drill results. Further surface drilling to potentially expand the Las Chispas high-grade footprint is planned for 2018.

Hole LCU17-04 (6.3 metres grading 389 gpt AgEq) was designed to test the historic Tajo Chico Vein which is a high-grade splay of the Las Chispas Vein (see attached Figure). The hole intercepted the unmined high-grade extension of this vein. Further underground drilling is underway.

Historic Las Chispas Mine underground workings have been open for over 80 years with minor backfill and no ground support. Several prominent high-grade historic pillars remain intact in the mine and are readily accessible via a historic haulage route (see attached Figures). With further detailed underground channel sampling, the Company will be assessing the optimal way to incorporate these pillars and intact mineralization into the upcoming resource estimate. These pillars could potentially be incorporated into plans for extraction of a permitted bulk sample for offsite processing in 2018.

The Company anticipates completing its Phase II Exploration Program by mid-January which will include drilling a further 4,000 to 6,000 metres in the district, primarily on the Babicanora extension (see November 27, 2017 news release). SilverCrest remains on track to deliver a maiden resource estimate for the Las Chispas project in Q1 2018.

The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for this news release is N. Eric Fier, CPG, P.Eng, and President and CEO for SilverCrest, who has reviewed and approved its contents.

About SilverCrest Metals INC.
SilverCrest is a Canadian precious metals exploration company headquartered in Vancouver, BC, that is focused on new discoveries, value-added acquisitions and targeting production in Mexico's historic precious metal districts. The Company's current focus is on the high-grade, historic Las Chispas mining district in Sonora, Mexico. SilverCrest is the first company to successfully drill-test the historic Las Chispas Project resulting in numerous discoveries. The Company is led by a proven management team in all aspects of the precious metal mining sector, including taking projects through discovery, finance, on time and on budget construction, and production.

FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation. These include, without limitation, statements with respect to: the strategic plans, timing and expectations for the Company's exploration, rehabilitation and drilling programs of the Las Chispas Property, including preparation of an initial resource estimate; information with respect to high grade areas and size of veins projected from underground sampling results and drilling results; and the accessibility of future mining at the Las Chispas Property. Such forward‑looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: the conditions in general economic and financial markets; availability of skilled labour; timing and amount of expenditures related to rehabilitation and drilling programs; and effects of regulation by governmental agencies. The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors including: the timing and content of work programs; results of exploration activities; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project cost overruns or unanticipated costs and expenses; and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

N. Eric Fier, CPG, P.Eng
President & CEO
SilverCrest Metals Inc.

For Further Information:
SilverCrest Metals Inc.
Contact: Fred Cooper, Investor Relations
Telephone: +1 (604) 694-1730
Fax: +1 (604) 694-1761
Toll Free: 1-866-691-1730 (Canada & USA)
Email:
info@silvercrestmetals.com
Website:
www.silvercrestmetals.com
570 Granville Street, Suite 501
Vancouver, British Columbia V6C 3P1

Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.







More info on SIL.V at Investorideas.com: http://www.investorideas.com/CO/SILV/

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Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp. Disclosure: Investorideas.com is compensated by SilverCrest Metals Inc for annual news publishing effective January 2017.

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.




Monday, November 27, 2017

Investorideas.com Newswire - #Mining News: #SilverCrest (TSXV: $SIL.V; OTCQX: $SVCMF) Expands Babicanora High-Grade Footprint to One Kilometre

Investorideas.com Newswire - #Mining News: #SilverCrest (TSXV: $SIL.V; OTCQX: $SVCMF) Expands Babicanora High-Grade Footprint to One Kilometre



SilverCrest Metals Inc. (TSXV: SIL.VOTCQX: SVCMF)
("SilverCrest" or the "Company") is pleased to announce
additional Phase II drill results for the Las Chispas Property (the
"Property") located in Sonora, Mexico. Step-out drilling targeting
extensions of the Babicanora Vein continues to intersect high-grade
mineralization. With the latest results, SilverCrest has drill-tested and
intersected high-grade mineralization for an additional 400 metre of strike
length at the Babicanora Vein. The high-grade footprint is now a total of 1,000
metres in strike length, with a near-surface mineralized height of 125 to 175
metres (see attached Figures). There are 19 known epithermal veins on the
Property, including nine which consist of the Babicanora, Babicanora Footwall,
Las Chispas, Giovanni, La Blanquita, William Tell, Varela, Granaditas and
Amethyst veins. SilverCrest has intersected high-grade silver-gold mineralization in each of the nine veins drilled to date.





Wednesday, November 22, 2017

#Mining News; Prophecy (TSX: $PCY.V, OTCQX: $PRPCF) Reports 2.08 Million Tonnes of Indicated Resource Grading: 455 g/t Silver, 3.19% Zinc, 2.18% Lead (594 g/t Ag Eq.) for Pulacayo Project


#Mining News; Prophecy (TSX: $PCY.V, OTCQX: $PRPCF) Reports 2.08 Million Tonnes of Indicated Resource Grading: 455 g/t Silver, 3.19% Zinc, 2.18% Lead (594 g/t Ag Eq.) for Pulacayo Project



Vancouver, British Columbia, November 22, 2017 – Prophecy Development Corp. (“Prophecy or the “Company”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2) has received an independent technical report with an effective date of October 20, 2017 titled “Updated Mineral Resource Estimate and Technical Report for the Pulacayo Project” (the “Report”).  The Report was prepared by Mercator Geological Services Limited (“Mercator”) on the Company’s Pulacayo project (the “Project”) and has been filed under the Company’s profile on the System for Electronic Document Analysis and Retrieval (“SEDAR”) at www.sedar.com.

The Project is located in Bolivia, 107 km northeast of Sumitomo Corporation’s San Cristobal silver mine, 185 km southwest of Coeur Mining, Inc.’s San Bartolome silver mine, and 139 km north of Pan American Silver Corp.’s San Vicente silver mine.

The Report describes resources estimated following the guidelines of the CIM Definition Standards for Mineral Resources and Mineral Reserves.

Two mineral resource estimates were disclosed according to the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) – one for the Pulacayo deposit and the second for the Paca deposit.

Pulacayo Deposit
Results of the mineral resource estimate prepared by Mercator for the Pulacayo deposit are presented below in Table 1.  The Report filed on SEDAR documents the resource estimate.

The Report outlined 2.08 million tonnes at a weighted average grade of Ag 455 g/t, Pb 2.18%, Zn 3.19% (Ag Eq. 594 g/t) in the indicated category and 0.48 million tonnes at a weighted average grade of Ag 406 g/t, Pb 2.08%, Zn 3.93% (Ag Eq. 572 g/t) in the inferred category.  The contained metal content estimated by the Company, of the indicated category resources is 30.4 million ounces of silver, 100.0 million pounds of lead, 146.3 million pounds of zinc.  The contained metal content estimated by the Company, of the inferred category resource is 6.3 million ounces of silver, 22.0 million pounds of lead, and 41.6 million pounds of zinc (more resource details in the table below).

Table 1. Pulacayo Indicated and Inferred Mineral Resource Statement Details

Pulacayo Mineral Resource Statement – Effective October 20, 2017
Ag Eq. Cut-Off (g/t)
Category
Tonnes*
Ag (g/t)
Pb (%)
Zn (%)
Ag Eq. (g/t)
400
Indicated
2,080,000
455
2.18
3.19
594
Inferred
480,000
406
2.08
3.93
572

Notes:
(1) Mineral resources are estimated in conformance with the CIM Standards referenced in NI 43-101.
(2) Raw silver assays were capped at 1,700 g/t, raw lead assays were capped at 15% and raw zinc assays were capped at 15%.
(3) Silver equivalent Ag Eq. (g/t) = Ag (g/t)*89.2% + (Pb% *(US$0.94/ lb. Pb /14.583 Troy oz./lb./US$16.50 per Troy oz. Ag)*10,000*91.9%) + (Zn% *(US$1.00/lb. Zn/14.583 Troy oz./lb./US$16.50 per Troy oz. Ag)*10,000*82.9%).
(4) Metal prices used in the silver equivalent calculation are US$16.50/Troy oz. Ag, US$0.94/lb Pb and US$1.00/lb. Zn. Metal recoveries used in the silver equivalent equation reflect historic metallurgical results disclosed by Apogee Silver Ltd. (Porter et al., 2013).
(5) Metal grades were interpolated within wire-framed, three-dimensional silver domain solids using Geovia-Surpac Ver. 6.6.1 software and inverse distance squared interpolation methods. Block size is 10m(X) by 10m(Z) by 2m(Y). Historic mine void space was removed from the model prior to reporting of resources.
(6) Block density factors reflect three-dimensional modeling of drill core density determinations.
(7) Mineral resources are considered to have reasonable expectation for economic development using underground mining methods based on the deposit history, resource amount and metal grades, current metal pricing and comparison to broadly comparable deposits elsewhere.
(8) Rounding of figures may result in apparent differences between tonnes, grade and contained ounces.
(9) Mineral resources that are not mineral reserves do not have demonstrated economic viability.
(10)         * Tonnes are rounded to nearest 10,000.

The contained metals estimated by the Company based on in the October 20, 2017 resource estimate by Mercator are presented in Table 2.

Table 2: Contained Metals Based on October 20, 2017 Pulacayo Deposit** Mineral Resource Estimate

Metal
Indicated Resource
Inferred Resource
Silver
30.4 million oz.
6.3 million oz.
Lead
100.0 million lbs.
22.0 million lbs.
Zinc
146.3 million lbs.
41.6 million lbs.
**Based on the resource estimate Ag Eq. cut-off value of 400 g/t and 100% recovery; figures are rounded to the nearest 100,000th increment

Between 2006 and 2012, a total of 69,739 metres of diamond drilling (226 surface and 42 underground drill holes) was conducted at Pulacayo, results of which support the mineral resource estimate reported in this news release.  The Pulacayo site is currently permitted for production at a milling rate of 560 tonnes per day and no known legal, political, environmental, or other risks that would materially affect potential future development have been identified by Prophecy at the effective date of the current (October 20, 2017) mineral resource estimate.

Approximately 85% of the resource tonnage identified at the 400 g/t Ag Eq. cut-off value occurs within 150 meters vertical distance from the main San Leon tunnel, which may facilitate future mineral extraction.

Historic Pulacayo production was predominantly from the Tajo vein system which extends over a strike length of more than 2.5 km and to a depth of at least 1,000 meters.  Prior resource drilling only covered approximately 20% of the Tajo vein system strike length.  With new drilling, Prophecy feels that there is potential to discover additional resources along the Tajo structure.

The Company’s research has shown that relatively few silver underground deposits have been defined at resource cut-off values of 400 g/t Ag Eq. or more.

Paca Deposit
The Paca deposit is located in Bolivia approximately 7 km north of the Pulacayo deposit.

Results of the mineral resource estimate prepared by Mercator for the Paca deposit are presented below in Table 3.  The Report described previously and filed on SEDAR documents the resource estimate.

The Report outlined 2.54 million tonnes at a weighted average grade of Ag 256 g/t, Pb 1.03%, Zn 1.10% (Ag Eq. 342 g/t) in the inferred category. The contained metal content estimated by the Company, of the inferred category resources is 20.9 million ounces of silver, 57.7 million pounds of lead, 61.6 million pounds of zinc. (more resource details in the table below).

Table 3. Paca Inferred Mineral Resource Statement Details

Paca Mineral Resource Statement – Effective October 20, 2017
Ag Eq. Cut-Off (g/t)
Category
Tonnes*
Ag (g/t)
Pb (%)
Zn (%)
Ag Eq. (g/t)
200
Inferred
2,540,000
256
1.03
1.10
342

Notes:
(1)      Mineral resources are estimated in conformance with the CIM Standards referenced in NI 43-101.
(2)   Raw silver assays were capped at 1,050 g/t, raw lead assays were capped at 5% and raw zinc assays were capped at 5%.
(3)      Silver equivalent Ag Eq. (g/t) = Ag (g/t) + (Pb% *(US$0.94/ lb. Pb /14.583 Troy oz./lb./US$16.50 per Troy oz. Ag)*10,000) + (Zn% *(US$1.00/lb. Zn/14.583 Troy oz./lb./US$16.50 per Troy oz. Ag)*10,000). 100 % metal recoveries are assumed based on lack of comprehensive metallurgical results.
(4)      Metal prices used in the silver equivalent calculation are US$16.50/Troy oz. Ag, US$0.94/lb Pb and US$1.00/lb Zn and reflect those used for the Pulacayo deposit mineral resource estimate reported above.
(5)      Metal grades were interpolated within wire-framed, three-dimensional solids using Geovia-Surpac Ver. 6.7 software and inverse distance squared interpolation methods. Block size is 5m (X) by 5m (Z) by 2.5m (Y).  Historic mine void space was removed from the model prior to reporting resources.
(6)      A block density factor of 2.26g/cm³ was used and reflects the average of 799 density measurements.
(7)      Mineral resources are considered to have reasonable expectation for economic development using combined underground and open pit methods based on the deposit history, resource amount and metal grades, current metal pricing and comparison to broadly comparable deposits elsewhere.
(8)      Mineral resources that are not mineral reserves do not have demonstrated economic viability.
(9)      *Tonnes are rounded to nearest 10,000.

The contained metals estimated by the Company based on the October 20, 2017 resource estimate by Mercator are presented in Table 4.

Table 4. Contained Metals Based On October 20, 2017 Paca Deposit** Mineral Resource Estimate

Metal
Inferred Resource
Silver
20.9 million oz.
Lead
57.7 million lbs.
Zinc
61.6 million lbs.
**Based on the resource estimate Ag Eq. cut-off value of 200 g/t and 100% recovery; figures are rounded to the nearest 100,000th increment

The resource estimate is based on results of 97 diamond drill holes and 1 reverse circulation drill hole totaling 18,160 meters completed between 2002 and 2007.

The geology of the Paca deposit includes a core zone of feeder-style mineralization associated predominantly with brecciated andesite, plus additional zones of shallowly dipping mantos-style mineralization that are hosted by the surrounding volcano-sedimentary sequence.  The Paca deposit remains open at depth and along strike.

The Paca mineralization starts from surface and the deposit may be amenable to open-pit mining and this will be evaluated further in the future.

The Company’s research has shown that relatively few silver open pit deposits have been defined at resource cut-off values of 200 g/t Ag Eq. or more.

Project update
The Company’s Bolivian subsidiary, ASC Bolivia LDC Sucursal Bolivia, has invested approximately US$28 million at Pulacayo and already acquired necessary environmental and social licenses to mine at Pulacayo.  The Company is working with the Bolivian mining ministry and Corporacion Minera De Bolivia (COMIBOL) to obtain authorization which will allow Prophecy to mine at Pulacayo while transitioning from the current joint venture contract to a mining production contract.

Qualified Persons
The technical contents of this news release have been prepared under the supervision of Christopher M. Kravits, CPG, LPG, General Mining Manager of Prophecy.  Mr. Kravits is a Qualified Person as defined in NI 43-101. Mr. Kravits is a consultant to the Company and is not independent of the Company since most of his income is derived from the Company.

Peter Webster, P. Geo., of Mercator Geological Services Limited is one of the Qualified Persons within the meaning of NI 43-101 responsible for preparation of Sections 3.0 to 8.0, 14.0 to 23.0 and 26 of the Report.  He also reviewed all Report sections, contributed to the Report Summary and Report Sections 24.0 and 25.0, and responsible for the mineral resource estimate addressed in this news release. Michael P. Cullen, P. Geo., also of Mercator Geological Services Limited is the other Qualified Person within the meaning of NI 43-101 responsible for preparation of Sections 1.0 and 2.0, 9.0 through 13.0 of the Report.  He also reviewed all Report sections and contributed to the Report Summary.

About Prophecy
Prophecy Development Corp. is a Canadian public company listed on the Toronto Stock Exchange that is engaged in worldwide mineral and energy exploration and development.  Further information on Prophecy can be found at www.prophecydev.com.

About Mercator
Mercator Geological Services Limited is a Canadian consulting firm founded in 1997 that offers a broad range of professional project management services including technical reporting to standards referenced in NI 43-101, exploration program management, and professional staffing for both small and large mineral exploration projects.  Mercator has completed mineral exploration and resource estimation programs both domestically and internationally and prepared on behalf of Prophecy, the current mineral resource estimates for the Pulacayo deposit and the Paca deposit.

PROPHECY DEVELOPMENT CORP.
ON BEHALF OF THE BOARD

“JOHN LEE”
Executive Chairman

For more information about Prophecy, please contact Investor Relations:

+1.888.513.6286

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.

Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, including statements which may contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, and statements related to matters which are not historical facts, are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements, which reflect management’s expectations regarding Prophecy’s future growth, results of operations, performance, business prospects and opportunities, are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements. These estimates and assumptions are inherently subject to significant business, economic, competitive and other uncertainties and contingencies, many of which, with respect to future events, are subject to change and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by Prophecy. In making forward-looking statements as may be included in this news release, Prophecy has made several assumptions that it believes are appropriate, including, but not limited to assumptions that: there being no significant disruptions affecting operations, such as due to labour disruptions; currency exchange rates being approximately consistent with current levels; certain price assumptions for coal, prices for and availability of fuel, parts and equipment and other key supplies remain consistent with current levels; production forecasts meeting expectations; the accuracy of Prophecy’s current mineral resource estimates; labour and materials costs increasing on a basis consistent with Prophecy’s current expectations; and that any additional required financing will be available on reasonable terms. Prophecy cannot assure you that any of these assumptions will prove to be correct.

Numerous factors could cause Prophecy’s actual results to differ materially from those expressed or implied in the forward-looking statements, including the following risks and uncertainties, which are discussed in greater detail under the heading “Risk Factors” in Prophecy’s most recent Management Discussion and Analysis and Annual Information Form as filed on SEDAR and posted on Prophecy’s website: Prophecy’s history of net losses and lack of foreseeable cash flow; exploration, development and production risks, including risks related to the development of Prophecy’s mineral properties; Prophecy not having a history of profitable mineral production; the uncertainty of mineral resource and mineral reserve estimates; the capital and operating costs required to bring Prophecy’s projects into production and the resulting economic returns from its projects; foreign operations and political conditions, including the legal and political risks of operating in Bolivia, which is a developing jurisdiction; amendments to local Bolivian laws which may have an adverse impact on the Company’s operations; title to Prophecy’s mineral properties; environmental risks; the competitive nature of the mining business; lack of infrastructure; Prophecy’s reliance on key personnel; uninsured risks; commodity price fluctuations; reliance on contractors; Prophecy’s need for substantial additional funding and the risk of not securing such funding on reasonable terms or at all; foreign exchange risks; anti-corruption legislation; recent global financial conditions; the payment of dividends; and conflicts of interest.

These factors should be considered carefully, and readers should not place undue reliance on Prophecy’s forward-looking statements. Prophecy believes that the expectations reflected in the forward-looking statements contained in this news release and the documents incorporated by reference herein are reasonable, but no assurance can be given that these expectations will prove to be correct. In addition, although Prophecy has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Prophecy undertakes no obligation to release publicly any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law.

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