Mr. Peter Bernier reports

PROSPER GOLD CORP. ANNOUNCES PRIVATE PLACEMENT

Prosper Gold Corp. has arranged a non-brokered private placement financing of common shares in the capital of the company that will qualify as flow-through shares for the purposes of the Income Tax Act (Canada). The financing will be completed in one or more tranches and consist of up to five million FT shares at a price of 10 cents per FT share for gross proceeds to the company of up to $500,000.

Prosper Gold expects to use the net proceeds from the financing to finance exploration activities at the company's Cyprus project.

Completion of the financing is subject to customary closing conditions, including the approval of the TSX Venture Exchange.

For a detailed overview of Prosper Gold, please visit the company's website.

We seek Safe Harbor.