Prophecy Platinum Lists on OTCQX Market

Vancouver, British Columbia, August 10, 2011: Prophecy Platinum Corp. ("Prophecy Platinum" or the “Company”) (TSX-V: NKL, OTCQX: PNIKF, Frankfurt: P94P) is pleased to announce Company's common shares have been called to trade on the premier tier of the OTC market in the United States, the OTCQX. The ticker symbol is "PNIKF". As part of the OTCQX listing process, Prophecy Platinum is now included in the Mergent Industrial and International Manuals and News Reports publication.

John Lee, Chairman of Prophecy Platinum stated today that: "The OTCQX listing marks a further step in our commitment to enhance international recognition and facilitate liquidity of our common shares to our broad international shareholder base."

About Prophecy Platinum

Prophecy Platinum Corp. is a Canadian based Nickel PGM exploration company with projects in Canada, Argentina and Uruguay. Prophecy Platinum’s flagship Wellgreen PGM-Cu-Ni project is in Yukon Territory, Canada and the Lynn Lake project is located in Manitoba, Canada.

Further information can be found at >www.prophecyplat.com

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

Mineral resources that are not mineral reserves do not have demonstrated economic viability. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.