Expert Analysis

Tara Hassan, National Bank Financial (11/7/11) "Prodigy Gold Inc. issued updated metallurgical test work for its flagship Magino project (Ontario), highlighting the potential for the use of a semi-autogenous grinding mill. . .we view today's news positively as we expect the updated metallurgical test results could benefit the economics of the Magino project by increasing daily throughput and decreasing operating costs. . .increasing the throughput at Magino to 20 Ktpd could impact our net asset value positively by a minimum of 8–10% and increase annual average production to more than 200 Koz Au. . .we reiterate our Outperform rating."

Analyst Information for Prodigy Gold Inc. $ 0.70 -0.01 (-1.41%) Volume: 466.95 k 3:59 PM EST 9-Nov-2011

Consensus Rating Average Consensus Rating for PDG:CA is STRONG BUY Since many brokers have different rating systems, we maintain a standard system with an assigned numeric value from 1 to 5. Ratings are a translation of brokers' recommendations to the recommendation scale, which ranges from a rating of 1 (a strong buy) to a rating of 5 (a strong sell). Rating Scale Strong Buy 1.0 - 1.5 Moderate Buy 1.6 - 2.5 Hold 2.6 - 3.5 Moderate Sell 3.6 - 4.5 Strong Sell 4.6 - 5.0

Consensus Rating Details Current Average Recommendation 1.25 Previous Average Recommendation 1.33 Change in Average Recommendation -0.08 Number of Analysts Reporting 4 Strong Buy 1.0 Current: 1.25 Previous: 1.33 Change: -0.08 Strong Sell 5.0

Consensus Rating Industry Comparison Industry: MINING-MISC Number of companies in industry with recommendations 151 Rank Recommendation relative to companies in its industry 40 Ranked 40 in Industry 1151 MINING-MISC

Analyst Recommendations Analysts recommending Strong Buy 3 Analysts recommending Moderate Buy 1 Analysts recommending Hold 0 Analysts recommending Moderate Sell 0 Analysts recommending Strong Sell 0

Recommendations History Current 1 Month Ago 2 Months Ago 3 Months Ago Strong Buy 3 2 1 1 Moderate Buy 1 1 1 1 Hold 0 0 0 0 Moderate Sell 0 0 0 0 Strong Sell 0 0 0 0 Mean Rec. 1.25 1.33 1.50 1.50