Mr. Brian Maher reports

PRODIGY GOLD BEGINS 20,000 METRE MAGINO RESOURCE EXPANSION DRILLING PROGRAM

Prodigy Gold Inc. has begun a 20,000-metre diamond drilling program at its 100-per-cent-owned Magino mine project located in Ontario. The drilling program is intended to infill and expand the known gold resource at Magino. Initial drilling will concentrate on the area around recently announced diamond drill holes 06-10 (169.3 metres grading 1.02 grams per tonne gold), 06-15 (114.0 metres grading 1.84 grams per tonne gold) and drill hole 06-14 (53.4 metres grading 2.43 grams per tonne gold. Please see Prodigy Gold news releases in Stockwatch dated Jan. 5, 2011, and Dec. 16, 2010. Currently there are two drill rigs operating at the Magino mine site, with a third drill rig to be added later this month.

As previously announced, Prodigy Gold is in the process of producing an updated National Instrument 42-101-compliant resource estimate and preliminary economic assessment (PEA) for the Magino mine project. The current drilling program will provide important metallurgical and engineering data as the project moves through the PEA phase. The drilling program, which will last several months, is expected to expand and upgrade the gold resources on the property, in anticipation of heading toward a full feasibility study later in 2011.

The geological information for the Magino project has been reviewed and approved by Quentin J. Browne, Prodigy Gold's Magino project manager, who is a qualified person under the definitions established by National Instrument 43-101. Prodigy Gold quality control/quality assurance procedures are as follows. Prodigy Gold channel samples are five centimetres wide cut perpendicular to the strike of the vein and/or shear zone from mapped alteration in the footwall continuously through the vein and/or shear zone and into mapped alteration in the hangingwall. Channels are cut with a motorized circular saw to a depth of 10 cm and removed with a hammer. Channel sample spacing is nominally every 20 metres along strike, dependent on outcrop size and geometry. Sample intervals are selected according to geologic contacts and visible mineralization, placed into a sample bag, and shipped to the assay lab for quantitative analysis of select elements. Prodigy Gold drill cores are split down the centre with a typical table feed circular rock saw or are split with a hydraulic slitting device. Sample intervals are selected according to geologic contacts, visible mineralization and alteration; placed into sample bags; and shipped to the assay lab where they are quantitatively analyzed for select elements. Drill cores are boxed, covered and sealed at the drill rig. They are moved to the Prodigy Gold logging and sample preparation facilities by Prodigy Gold personnel. Prodigy Gold angle core holes are directed perpendicular to the mapped dip of the vein therefore reported drill hole intercepts approximate true thickness of the vein. All Prodigy Goild samples are currently being assayed by Chemex ALS, 2090 Riverside Dr., Timmins, Ont., P4R 0A2. Blank and standard samples are routinely submitted with all sample batches sent to the lab for assay. Samples are routinely sent to other labs for additional checks.

We seek Safe Harbor.