Prophecy Resource Corp.
OTC Bulletin Board : PCRYF

Prophecy Resource Corp.
Red Hill Energy Inc.

Red Hill Energy Inc.

January 22, 2010 09:00 ET

Red Hill Energy Inc. and Prophecy Resource Corp. Announce Conference Call for Investors and Analysts January 26 to Discuss Details of the Red Hill / Prophecy Merger

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 22, 2010) - Red Hill Energy Ltd. (Red Hill) (TSX VENTURE:RH) and Prophecy Resource Corp., (Prophecy) (TSX VENTURE:PCY)(OTCBB:PCRYF)(FRANKFURT:3P1) will host a conference call on Tuesday, January 26, 2010 between 12.30 - 1.30 PM EST. to discuss the details and implications of the proposed business combination. Management will also layout the short and long term strategy of the new Prophecy.

The conference call may be accessed by dialing 1-877-941-6011 in Canada and the United States, or 1-480-248-5081 internationally. A simultaneous webcast of the conference call will be provided through If you are unable to participate in the call, an audio presentation will be available for playback on or / after February 2, 2010.

Prophecy Resource Corp. Red Hill Energy Inc.

John Lee, Chairman and CEO G. Arnold Armstrong, Chairman and CEO

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, including, without limitation, statements regarding potential mineralization, the estimation of mineral resources, the realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of future resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, and future plans and objectives of the companies are forward-looking statements that involve various risks and uncertainties. Although Red Hill and Prophecy believe the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with operating in foreign jurisdictions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the companies with securities regulators. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration and development of mines is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on Red Hill and Prophecy and the risks and challenges of their businesses, investors should review their annual filings that are available at

"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."

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