🕐25.05.12 - 18:54 Uhr

PROPHECY ANNOUNCES HIGHLY ENCOURAGING RHODIUM, RUTHENIUM, OSMIUM & IRIDIUM A
SSAYS FROM WS11-188 OF WELLGREEN PROJECT



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Prophecy Announces Highly Encouraging Rhodium, Ruthenium, Osmium & Iridium Assays from WS11-188 of Wellgreen Project

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VANCOUVER, BRITISH COLUMBIA--(May 25, 2012) - Prophecy Platinum Corp. ("Prophecy" or the "Company") (TSX VENTURE:NKL)(OTCQX:PNIKF)(FRANKFURT:P94P) is pleased to provide results of full spectrum 6E (Pt, Pd, Rh, Ru, Os &, Ir) analysis of PGEs on the first batch of samples from the Companys 100% owned Wellgreen PGM-Ni-Cu project, located in the Yukon Territory, Canada.

The Company enlisted Activation Laboratories (Actlabs), based out of Ancaster, Ontario to conduct a full spectrum 6E analysis of samples taken from the 2011 drill hole WS11-188. Adding Rh, Ru, Os and Ir to Pt and Pd increased the total PGE content (6E) by an average of 28%, based on a population of 90 samples, most of which are from disseminated sulphide-type mineralization.

Assay results with 6E exceeding 0.50 ppm (0.5 g/t) (excluding copper and gold assays) are tabulated below. Assay results from the entire batch of 90 samples can be downloaded at Analyte
Symbol
Sample
Os
ppb Ir
ppb Ru
ppb Rh
ppb Pt
ppb Pd
ppb Ni
% Pt+Pd
g/t 6E
g/t 6E
%
Increase K918097 14 14.4 77 21.2 184 309 0.342 0.493 0.62 25.80% K918110 38 17.3 53 14.6 113 241 0.432 0.503 0.592 17.70% K918129 < 2 0.1 6 0.3 7 14 < 0.005 0.416 0.541 30.00% K918131 21 16.1 39 17.2 124 165 0.33 0.448 0.568 26.80% K918132 23 22 56 23.8 181 235 0.34 0.411 0.525 27.70% K918140 12 12.8 40 17.5 136 207 0.392 0.56 0.68 21.40% K918141 8 12 38 16 148 229 0.359 0.522 0.648 24.10% K918142 12 12.8 40 17.2 160 241 0.363 0.43 0.553 28.60% K918143 23 19 54 23.5 229 331 0.41 0.626 0.75 19.80% K918145 25 20.5 55 22.9 187 243 0.334 0.512 0.657 28.30% K918146 23 21.1 55 24.6 269 357 0.379 0.567 0.733 29.30% K918147 < 2 < 0.1 < 5 < 0.2 < 5 < 2 < 0.005 0.548 0.695 26.80% K918148 27 26.6 65 26.7 216 296 0.38 0.425 0.522 22.80% K918150 29 25.8 65 27 237 311 0.404 0.513 0.621 21.10% K918152 16 12.8 36 17 148 223 0.31 0.442 0.538 21.70% K918154 13 14.1 45 19.1 156 247 0.389 0.539 0.666 23.60% K918155 18 15.8 42 20 171 271 0.362 0.593 0.705 18.90% K918157 14 15.9 42 20.7 155 246 0.326 0.446 0.607 36.10% K918158 27 20.1 51 28.8 209 330 0.394 0.607 0.713 17.50% K918164 12 10.1 35 14.1 89 154 0.331 0.414 0.52 25.60% K918166 13 10.8 34 15.8 85 148 0.305 0.438 0.541 23.50% K918168 22 13.3 38 17.6 104 178 0.332 0.546 0.739 35.30% K918169 31 15.1 39 17.7 181 257 0.307 0.45 0.589 30.90% K918171 50 30.3 78 35 212 334 0.476 0.559 0.718 28.40% K918172 32 21.7 58 27.7 177 273 0.432 0.534 0.666 24.70% K918184 < 2 8.3 23 13.1 115 173 0.318 0.623 0.745 19.60% K918186 14 8.2 23 10.4 117 170 0.288 0.559 0.665 19.00%




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