======================================================================= News Release - September 27, 2011 Magino Drilling Extends Gold Zone South of Resource, Defines Higher Grade Zones: 147 metres grading 1.24 gpt Au, 47 metres grading 3.05 gpt Au ======================================================================= Vancouver, British Columbia, September 27, 2011 � Prodigy Gold Incorporated (PDG: TSX.V) is pleased to announce that recent resource expansion drilling from its 100% owned Magino mine gold project in Ontario has intercepted significant gold mineralization in two areas: Southwest of the known gold resource and multiple zones of higher grade gold mineralization including the northeast portion of the Magino gold deposit.

In the northeast area, drill hole MA11-125 cut 147 metres grading 1.24 gpt gold including 47 metres grading 3.05 gpt gold which also includes 7.8 metres grading 13.50 gpt gold (see plan map below and drill results table below).�This gold mineralization is within the footprint of the known Magino gold resource and proposed open pit.�As part of the in-fill drilling program, this drill hole will help augment and upgrade the known Magino resource while identifying promising targets for deeper exploration below the proposed open pit.

A complete table of drill results is shown below. Resource expansion drilling has been successful at the southwest edge of the Magino gold deposit.

Drill hole MA11-122 intercepted 140 metres grading 0.82 gpt gold including 21 metres grading 3.08 gpt gold.�This drill hole, when combined with other drilling, defines a zone of gold mineralization over a vertical range of 300 metres (please see cross section and plan map below).�Located at the southwest edge of the known gold resource, the drilling suggests that the deposit can be expanded to the southwest and that significant volumes of gold mineralization may be present in this direction.�The higher grades seen in drill hole MA11-122, at vertical depths between 200 and 300 metres, also suggest that a new zone of higher grade gold mineralization may be present southwest of the deposit, within the range of the open pit mining.�Nearby drill hole MA11-106, also intercepted higher grades including 21 metres grading 3.46 gpt gold is within the proposed pit shell.�These drill results at the southwest end of the Magino gold deposit are generating new drilling targets, both shallow and deep, for Prodigy Gold. Completion of the updated resource estimate will be deferred until October to enable us to incorporate these recent, material results.�The revised resource estimate will be followed by an update to the Magino Preliminary Economic Assessment (PEA) in November/December. To read the complete news release, please see our web site at http://prodigygold.com/_resources/news/PR_Magino_Drilling_27SEPT2011.pdf ======================================================================= Click or copy and paste the link below to unsubscribe from this list http://dissemination.blendermedia.com:81/u?id=3168290N&n=T&l=prodigygold_com =======================================================================