Prodigy Gold Incorporated

Prodigy Gold Incorporated

January 14, 2011 10:54 ET

Prodigy Gold Announces Appointment of VP-Exploration and Chief Consulting Engineer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 14, 2011) - Prodigy Gold Incorporated (TSX VENTURE:PDG) is pleased to announce that it has appointed Mr. Tom Pollock as Vice President of Exploration and Dr. John A. Thomas as Chief Consulting Engineer. Mr. Pollock will oversee all aspects of Prodigy Gold's exploration program, including its properties in the Beardmore-Geraldton area, its ongoing exploration and resource expansion program at the Magino Mine project, and help source new opportunities to fuel Prodigy Gold's growth and expansion. Dr. Thomas will oversee the technical and engineering aspects of the company's Magino Mine project, initially focusing on the recently announced plans for an updated gold resource estimate and Preliminary Economic Assessment of Magino. Mr. Brian J. Maher, President and CEO of Prodigy Gold commented: "The addition of Tom and John to our technical staff reflects the continued growth and evolution of Prodigy Gold from pure explorer to an emerging gold producer with multiple mine development and exploration projects. Tom's considerable experience in the Archean gold environment matches our corporate exploration focus and objectives, simultaneously providing the technical oversight to insure our projects advance rapidly and bring value to our shareholders. John has supervised the construction and operation of multiple mining projects the world over; this experience will be invaluable as Magino advances towards production. The Board of Directors and I welcome both gentlemen to the Prodigy team."

Mr. Pollock is a professional geoscientist registered with the Association of Professional Engineers and Geoscientists of British Columbia (APEGBC) and has more than 30 years mineral exploration and management experience working in Canada, West Africa, South America and China. Mr. Pollock received a Honours B.Sc. in Geology from Queen's University in 1977 and his M.Sc.(A) in Mineral Exploration from McGill University in 1980. After graduation, Mr. Pollock joined Utah Mines (later absorbed by BHP Minerals) where he worked for 20 years on numerous base and precious metal projects, achieving ever increasing levels of management responsibility, ending with the position of Country Manager, Exploration, China. Over the following eight years, Mr. Pollock worked as a consultant and then Vice President - Exploration for ValGold Resources. Most recently, Mr. Pollock was a consultant and Project Manager for Fission Energy Corp. immediately prior to joining Prodigy Gold. Mr. Pollock has worked on a broad range of mineral deposit types including orogenic gold in Canada, West Africa and the Guianan Shield in Guyana and Venezuela, Carlin-type gold in southern China, epithermal gold in British Columbia and unconformity related uranium deposits in Canada. Mr. Pollock is a member of the Society of Economic Geologists, Prospectors and Developers Association of Canada and the Association for Mineral Exploration British Columbia. As part of his compensation package, Prodigy Gold has granted Mr. Pollock options to purchase up to 300,000 shares of Prodigy Gold common shares at a price of $0.355 per share over a period of five years.

Dr. John A. Thomas, President of JAT Metconsult Ltd., has 38 years experience in the base and precious metal mining industry. Dr. Thomas' experience covers a wide range of activities in the mining industry, from process development, management of feasibility studies, engineering and management of mine construction projects and mine operations in a variety of locales: Brazil, Venezuela, Costa Rica, Kazakhstan, Russia, Canada and Zambia. He is a graduate of the University of Manchester Institute of Science and Technology where he received a B.Sc. (Hon) in Chemical Engineering, as well as a M.Sc. and Ph.D. Dr. Thomas also received a Diploma in Accounting and Finance from the U.K. Association of Certified Accountants. He is a registered professional engineer in the province of British Columbia.

About Prodigy Gold: Prodigy Gold Incorporated (TSX VENTURE:PDG) was created by unifying the assets of two Canadian Junior exploration companies: Kodiak Exploration Limited and Golden Goose Resources Inc. Prodigy is currently evaluating the Magino Mine project in Ontario as an open-pit mining opportunity with the potential for deeper, higher grade gold production The company is producing a new N.I. 43-101 compliant resource estimate for Magino that will serve as the basis for a Preliminary Economic Analysis (PEA), establishing the economic parameters of an open pit mining operation. The PEA is expected to lead to a full feasibility study, expected in 2012. Bringing the Magino Mine project through the feasibility process and towards production, coupled with the exploration potential of our Beardmore-Geraldton exploration properties, are the catalysts to growing Prodigy Gold, building substantial value for Prodigy shareholders: Today's Discovery, Tomorrow's Future.

On behalf of the Board of Directors

Brian J. Maher, President and Chief Executive Officer

This release may contain forward-looking statements or statements that relate to programs that involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

Neither 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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