Prosper Gold : Identifies Gold-bearing System at Golden Corridor, Commences Phase 2 Drilling, Golden Sidewalk Project, Red Lake, ON

VANCOUVER - Prosper Gold Corp. ('Prosper Gold' or the 'Company') (TSXV: PGX) has completed Phase I of exploration at the Golden Sidewalk Project (the 'Project'), in the Birch-Uchi region of Red Lake, and is moving to Phase II.

The Company has completed reconnaissance drilling totaling 15,040 metres in 48 diamond drill holes over 4 kilometres of the Golden Corridor. 43% of assay results have been received to date. Drilling has intersected a pronounced zone of ankerite +/- biotite alteration with intermittent gold mineralization over an area 1,000 metres by 100 metres which corresponds with a magnetic-low anomaly. Phase 2 drilling has commenced and will include tighter spaced drilling at this newly identified target.

Gold mineralization occurs as pyrite +/- arsenopyrite +/- fine visible gold in quartz-ankerite veins. Veins are up to 1 metre and within ankerite and/or biotite altered zones. Acicular, needle-shaped arsenopyrite, which is frequently observed in the Red Lake camp has been observed in several holes.

About the Golden Sidewalk

The Golden Sidewalk is a district-scale gold exploration project covering over 160 square kilometres of contiguous mineral claims and mining leases in the western Birch-Uchi Greenstone Belt, approximately 60 km east of Red Lake, Ontario. The vehicle-accessible project straddles 12 kilometres of the Balmer Assemblage - Narrow Lake Assemblage unconformity, a regional-scale feature that has been the Red Lake exploration guide, but which has seen limited exploration in the project area. The recently identified 'Golden Corridor' lies immediately north of the unconformity in the western portion of the property and is characterized as a highly prospective, greater than 7-kilometre trend of coincident favourable magnetic and resistivity lineaments supported by highly anomalous gold-in-till samples covering 7.0 by 0.5 kilometres.

Contact:

Peter Bernier

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Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as 'anticipate', 'believe', 'plan', 'estimate', 'expect', and 'intend', statements that an action or event 'may', 'might', 'could', 'should', or 'will' be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation, statements about the planned exploration of the Golden Sidewalk project, are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

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