http://finance.yahoo.com/news/Prophecy-Appoints-Derek-Liu-iw-389870989.html?x=0&.v=1

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 10/04/10) - Prophecy Resource Corp. ("Prophecy" or the "Company") (TSX-V:PCY - News)(Pinksheets:PRPCF - News)(Frankfurt:1P2 - News) is pleased to appoint Mr. Derek Liu to the position of Chief Financial Officer (CFO) to Prophecy Resource Corp. Mr. Liu is an accountant professional with over 15 years of diverse international experiences in financial reporting, auditing, and accounting.

Most recently, he was the controller of Silvercorp Metals Inc., a position he held since 2006.

Mr. Liu is a member of the Certified General Accountants Association of British Columbia and a Certified Public Accountant in the State of Colorado, USA. Mr. Liu earned a Masters Degree in Economics from the University of International Business and Economics in China and has held senior accounting positions in Canadian publicly traded companies for the past several years.

John Lee, CEO of Prophecy states: "Derek's solid professional background including his 5 years with Silvercorp will help manage Prophecy's next phase of growth. Derek will also help liaise with Prophecy's Asian investors, which enables me to spend more time with our North American and European investors."

Mr. Liu will be replacing Mr. Mark Lotz who will be leaving Prophecy to pursue other opportunities. Mr. Lotz will remain during the transition process. Prophecy's Board of Directors wishes to thank Mr. Lotz for his service to the Company.

Mr. Liu will be granted 250,000 options at 54 cents with a 2 year vesting.

Recent Conference Call Playback Available

Separately, the September 30 Prophecy conference call is available for playback at 1-877-653-0545 (access code 387816#), or at www.prophecyresource.com.