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Prophecy Coal* (PCY : TSX-V : $0.68), Net Change: 0.01, % Change: 1.49%, Volume: 2,000,301

Right Ovoo here. Shares of Prophecy Coal received a boost after the company announced that they have made a coal discovery

at their Iich Khujirt property in Mongolia. The 4,773-hectare property is located 17 km away from the company’s producing

Ulaan Ovoo coal mine. The new coal seam is 19 metres thick, with assay results showing that the coal contained inherent

moisture of 20.96%, ash 14.52%, volatile matter 29.83%, fixed carbon 34.69%, calorific value 5,130 kcal/kg and total sulphur

0.35%. Prophecy noted that due to poor core recovery, these results are deemed preliminary with additional drilling required.

Due to the shallow nature of the find, the company believes the new seam is minable and is currently reviewing the new

information and planning additional drilling. Prophecy has the right to acquire 100% ownership of Ilch for US$2 million within

the first year, or US$4 million in the second year after the agreement signing. Along with its coal assets, Prophecy Coal owns

~45% of the outstanding shares of Prophecy Platinum (NKL), whose shares have recently skyrocketed, due to a positive initial

resource estimate from its Wellgreen Project in the Yukon.