Mr. Brian Maher reports

PRODIGY GOLD CLOSES PRIVATE PLACEMENT WITH MACQUARIE

Prodigy Gold Inc. has closed the non-brokered private placement originally reported in Stockwatch on March 8, 2011, pursuant to which Macquarie Bank Ltd. has acquired seven million units of the company at a price of 45 cents per unit for proceeds of $3.15-million.

Each unit consists of one common share of the company and one-half of one transferable common share purchase warrant. Each warrant entitles the holder, on exercise thereof, to purchase one additional common share at a price of 60 cents for a period of 24 months from the completion of the offering, provided that if the daily volume-weighted average price for 20 consecutive days of trading of the company's shares on the TSX Venture Exchange (or such other stock exchange on which shares of the company are listed) exceeds 75 cents per share, the expiry date of the warrants may be accelerated to the day which is 30 calendar days after notice of acceleration has been sent by the company to Macquarie. All securities issued in connection with the private placement will be subject to a minimum four-month hold period.

The proceeds from the private placement will be used to finance the company's continuing exploration and development at the Magino mine project, and general corporate purposes.

We seek Safe Harbor.