(EMAILWIRE.COM, April 18, 2012 ) Boca Raton, FL --- Today's Discoveries, Tomorrow's Future: Prodigy Gold is an outstanding young company with a strong future in a time of unprecedented gold prices. Bringing their Magino mine project through the feasibility process and towards production, coupled with Company's retained interest in Goldstream, are the catalysts to growing Prodigy Gold and building substantial value for Prodigy’s shareholders.

For more information please go to: www.prodigygold.com

About Prodigy Gold
Prodigy Gold's lead project is the advanced Magino mine project, located northeast of Wawa, Ontario. Prodigy is currently evaluating the development of Magino as an open-pit mining opportunity with the potential for deeper, higher grade gold production. The Magino project contains Indicated gold resources of 2,176,000 ounces grading 1.00 gpt gold (67.6 million tonnes), and 1,721,000 ounces of Inferred gold resources grading 0.99 gpt gold (54.2 million tonnes)*. A Preliminary Economic Assessment (PEA) of the project shows a pre-tax NPV of $939 million and an IRR of 36% using a 5% discount rate and a US$1,200 gold price (please see Prodigy press release dated December 22, 2011). The proposed operation would have an average annual gold output of over 249,000 ounces a year during an eleven year project life. Total gold production is estimated to be 2.61 million ounces at cash costs of approximately US$461 (Cdn$496) per ounce. Please note: mineral resources that are not mineral reserves do not have demonstrated economic viability. A full feasibility study for the proposed open pit mining project at Magino is scheduled for completion in 2012. Bringing the Magino mine project through the feasibility process and towards production, is a catalyst to growing Prodigy Gold and building substantial value for Prodigy shareholders.

Several of Prodigy's Beardmore-Geraldton gold properties were optioned to Goldstream Exploration Ltd. in October 2011. The properties, collectively known as the Hardrock East project, include the Milestone, Adel, Klotz Lake and Pagwachuwan Lake properties. The agreement with Goldstream enables Prodigy to participate in the upside exploration potential of the Hardrock East gold project while minimizing the Company's monetary and personal commitment enabling Prodigy to concentrate of the development of Magino mine gold project.

Prodigy has strengthened its technical team in anticipation of the Company transitioning from pure explorer to emerging gold producer. Strong Board leadership coupled with seasoned management, positions the Company to advance its projects with an emphasis on sound business planning coupled with an experienced exploration and mine development team. Demonstrated ability to procure financing means the Company has the monetary resources to advance all its projects.
* An updated resource estimate was completed in November 2011 by Snowden Mining Industry Consultants of Vancouver, BC. A complete Technical Report has been filed on SEDAR.

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