SOURCE: Prom Resources Inc.

Prom Resources Inc.

April 20, 2011 06:00 ET

Prom Resources Inc. (PRMO) Announces Ivory Coast Property Acquisition

ORLANDO, FL--(Marketwire - Apr 20, 2011) - Prom Resources Inc. (the Company) (PINKSHEETS: PRMO) is pleased to announce it is negotiating the acquisition of additional properties in the Republic of the Ivory Coast in West Africa (Republic of Côte d'Ivoire). The company believes that the properties are showing significant gold bearing material. The details of the interest will be release within a timely manner, according to the delimitative agreement.

"Over the past year the company has strategically negotiated and added significant properties to its portfolio as well as a minority interest in a refinery. With the addition of this property in Republic of Côte d'Ivoire into our already existing ore bearing and producing properties, we are enhancing shareholders value," said Mr. Dror Moradov, president and CEO of the company.

Over the past two quarters the company has negotiated a minority interest in gold assets and continued to inventory gold bearing material. The company expects to increase production and inventory during fiscal year 2011.

FORWARD-LOOKING STATEMENTS

Prom Resources Inc. cautions that the statements made in this press release constitute forward-looking statements, and not guarantees of future performance and actual results or developments may differ materially from projections in the forward-looking statements. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made.

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