Mr. Brian Maher reports

PRODIGY DRILLS 143M GRADING 1.54 GPT GOLD AT MAGINO

Prodigy Gold Inc. is providing additional results from its infill and resource expansion drilling program at its 100-per-cent-owned Magino mine gold project in Ontario. Highlights include drill hole MA11-006, which intercepted 143 metres grading 1.54 grams per tonne gold, including 67 metres grading 2.12 grams per tonne gold. Higher grades of 38 metres grading 2.11 grams per tonne gold, including 25 metres grading 3.13 grams per tonne gold, were intercepted in drill hole MA11-005. The grades and widths seen in these two drill holes are consistent with earlier announced infill drill holes and continue to expand the known zone of gold mineralization within the proposed open pit modelled in the recently announced preliminary economic assessment (PEA) (see news release in Stockwatch on April 4, 2011).

Prodigy Gold sampling protocol mandates a metallic screen assay for any sample that produces a fire assay greater than three grams per tonne gold. Revision to the sampling protocol now requires that any sample with visible gold is also subjected to a metallic screen assay. As a result, Prodigy has received new metallic screen assays for previously reported drill hole MA11-004 that have resulted in a recalculation and increase in the composite grade to 261 metres grading 1.32 grams per tonne gold (previously reported as 261 metres grading 1.13 grams per tonne gold in Stockwatch on March 16, 2011). A table with all assay results including the restated data for hole MA11-004 is given.

                From         To     Length       Grade
Drill hole  (metres)   (metres)   (metres)  (g/t gold)

MA11-004       122.0      383.0      261.0        1.32
including      134.4      239.0      104.6        2.06
including      271.9      340.0       68.1        2.69
including      308.1      308.9        0.8      40.00*
including      315.5      316.0        0.5      40.00*
               600.0      703.0      103.0        1.07
including      600.0      623.0       23.0        2.34
MA11-005       131.0      177.0       45.0        0.37
               192.0      274.0       82.0        0.90
including      199.0      220.0       21.0        2.26
               309.0      347.0       38.0        2.11
including      321.0      347.0       26.0        3.17
               360.0      411.1       51.1        1.38
               373.0      393.0       20.0        3.13
MA11-006       123.0      266.0      143.0        1.54
including      123.0      190.0       67.0        2.12
               295.0      305.0       10.0        1.16
               529.0      652.0      123.0        0.36

An asterisk indicates that all gold assays greater 
than 40 grams per tonne gold are capped at 40 grams 
per tonne when calculating composite intervals.

The Magino infill drilling program now consists of four diamond drill rigs targeting areas for resource expansion within the proposed open pit. To date, Prodigy has completed 18 drill holes totalling 6,901 metres of the planned 20,000-metre drill program. When completed, the results of the infill drilling program will be used to update the Magino gold resource estimate and PEA later this year.

Magino mineral resource update

An NI 43-101-compliant technical report entitled "Prodigy Gold Incorporated: Mineral Resource Estimate, Magino Gold Project, Ste. Sault Marie Mining District, Ontario" was filed on SEDAR yesterday, April 13, and will also be available on the company's website.

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