Mr. John Lee reports

PROPHECY RETRACTS GROSS METAL VALUE IN PREVIOUS NOVEMBER 3 NEWS RELEASE

Prophecy Resource Corp. has provided a report that subject to TSX Venture Exchange disclosure regulations, the company hereby retracts the gross metal value as reported in its prior press release dated Nov. 3, 2010, in Stockwatch. Cautionary statements have been added regarding disclosure of historical resources and geologic potential.