http://www.prophecyplat.com/pdf/2011_07_wg_tech.pdf

Cu Project, Yukon, Canada

1 7 . 0 I N T E R P R E T A T I O N A N D C O N C L U S I O N S

The Property is ideally situated, hosting approximately 10 km of strike length and

22.1 km

2

of the Quill Creek Ultramafic intrusion. The Quill Creek Ultramafic intrusion

is one of several ultramafic intrusions found within the Wrangellia terrane.

The Property is currently held 100% by Prophecy, which has entered into a business

arrangement with Pacific Coast whereby Pacific Coast will acquire the Wellgreen

property from Prophecy Platinum.

The Quill Creek Ultramafic intrusion has similar characteristics to the Noril’sk deposit

in Russia, containing zones and layered mineralized of massive, semi-massive and

disseminated nickel-copper sulphides with elevated PGE, associated with the

sulphides.

Two main zones of mineralization have been drill outlined on the Property; the East

Zone and the West Zone. The highest grade mineralization in the East Zone occurs

in massive sulphide pods and lenses along the base of the ultramafic body, whereas

the best grades in the West Zone are found in inter-digitated gabbro and

clinopyroxenite. A total of 171,652 tons assaying 2.23% Ni, 1.39% Cu, 0.065

oz/ton Pt and 0.073% Co were mined and milled in 1972 and 1973 by HudsonYukon.

The Wellgreen property database is relatively up to date with the current results of

the 2010 drilling program. In general, the twin hole drilling program completed by

Coronation was successful in confirming past results, therefore, Wardrop is of the

opinion that using the historic drilling is appropriate for any future resource estimate

although some additional analysis would be required before a definitive conclusion

can be reached.

The 2010 Prophecy drilling confirmed the presences of a substantial mineralized

system located in the hanging wall of the semi-massive sulphide pods previously

targeted as the Wellgreen deposit.

The resource estimation at a 0.4% Nieq cut-off resulted in an Indicated Resource of

14.3 million tonnes at grades of 0.69% Ni, 0.62% Cu and 2.25 g/t Pt+Pd+Au. An

additional Inferred Resource of 289.3 million tonnes at grades of 0.38% Ni, 0.35% Cu

There is good potential to expand the potential quantity and grade of mineralization

on the Property to cover the entire Quill Creek Ultramafic intrusive. The Quill Creek

intrusive has been outline by an aeromagnetic survey and drilling on the adjacent

Burwash claims held by Prophecy Platinum and indicates that the mineralizing

system has the potential to continue along the entire strike length of the intrusion,

which is in excess of 10 km of strike length.

Exploration to date has concentrated on the lower gabbroic section of the ultramafic

body. Recent exploration has concentrated on the evaluation of the potential of the

Property to host larger, but lower grade, tonnages of PGM enriched nickel-copper

mineralization for potential open pit extraction. The occurrences of higher grade

pockets of semi-massive sulphides (>1% Cu and Ni and >2 g/t Pt) as historically

mined by Hudson Yukon are expected to continue to be located through exploration

efforts. These higher grade pockets, although not continuous, could be targeted in a

potential open pit operation in order to accelerate the project’s pay back.

A large portion of the drill data set does not include platinum, palladium assay, as

well as the rhodium, ruthenium, rhenium, iridium, and osmium, which would potential

enhance any sort of economic evaluation of the Property.

Wardrop believes further exploration is warranted to advance the project towards a

PEA