Mr. Peter Bernier reports

PROSPER GOLD CORP. CLOSES PRIVATE PLACEMENT

Prosper Gold Corp. has closed its non-brokered private placement financing of units.

The financing consisted of 5.7 million units at a price of 10 cents per unit, for gross proceeds to the company of $570,000. Each unit consists of one common share of the company and one common share purchase warrant. Each warrant entitles the holder to acquire one common share at an exercise price of 20 cents for a period of 24 months following the closing date.

In connection with the financing, the company paid $27,650 in cash and issued 276,500 common share purchase warrants to finders at closing. Each broker warrant is non-transferable and exercisable for one common share for a period of 24 months following closing at the warrant exercise price.

Prosper Gold expects to use the net proceeds from the financing to finance exploration activities at the company's Cyprus project and for working capital and general corporate purposes.

All securities issued pursuant to the financing will be subject to a four-month-and-one-day hold period in accordance with applicable securities laws.

We seek Safe Harbor.