Prophecy Platinum Corp.
TSX VENTURE : NKL
OTCQX : PNIKF
FRANKFURT : P94P

Prophecy Platinum Corp.

September 28, 2011 08:30 ET

Prophecy Appoints Dr. L. Hulbert as Geological Advisor

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 28, 2011) - Prophecy Platinum Corp. ("Prophecy Platinum" or the "Company") (TSX VENTURE:NKL)(OTCQX:PNIKF)(FRANKFURT:P94P) announces the following senior appointments:

Dr. Larry Hulbert, D.Sc., P.Geo: Chief Geological Advisor

Dr. Hulbert's impressive professional background includes 23 years with the Geological Survey of Canada (GSC), most recently in the role of Senior Research Scientist where Dr. Hulbert's focus was in the Metallogeny of Mafic-Ultramafic Rocks and associated Ni-Cu-PGM mineralization. His analysis and research included numerous Ni-Cu-PGM deposits throughout Canada and the world, including Prophecy's Wellgreen property.

The author of several comprehensive reports defining the geology of the Wellgreen deposit and the broader Kluane Mafic-Ultramafic Belt as a whole, Dr. Hulbert has an intricate understanding of all aspects of both the region and the project. Prominent among Dr. Hulbert's academic works on the subject is the 265 page report written in 1997, titled "Geology and Metallogeny of the Kluane Mafic-Ultramafic Belt, Yukon Territory, Canada: Eastern Wrangellia – A New Ni-Cu-PGE Metallogenic Terrane". All of Dr. Hulbert's reports are available under the Wellgreen project section at Prophecy Platinum's website http://www.prophecyplat.com.

Dr. Hulbert is tasked with helping Prophecy locate additional massive sulphide mineralization within the Company's expansive Quill creek land package encompassing a strike length of 17.5 km with extensive soil anomalies throughout.

Dr. Hulbert has been registered as a Professional Geoscientist since 2003 and as a Qualified Person for the purpose of National Instrument 43-101. He holds a B.Sc. (Hons) and M.Sc. from the University of Regina, as well as a D.Sc. from the University of Pretoria in South Africa.

Mr. Patrick Langlois, B.Com, MBA, CFA: Vice President, Corporate Development

Mr. Langlois has extensive investment banking and venture capital experience, with past roles that have included Director of Investment Banking at Stonecap Securities and Managing Director of Investment Banking at Laurentian Bank Securities. Patrick has provided corporate finance expertise across a broad spectrum of industries, advising numerous corporations regarding public offerings, private placements, as well as mergers and acquisitions. Mr. Langlois, based in Toronto, joins Prophecy on a full time basis and holds an M.B.A. from Université de Sherbrooke, as well as a CFA designation and membership in the CFA Institute.

Mr. Joseph Li, B.Com, CGA: General Manager and Corporate Secretary

Mr. Li is a Certified General Accountant (B.C.) and has a B.Com (Hons) from Laurentian University. For 13 years, Joseph was a Senior Auditor with the B.C. Ministry of Finance, a position which allowed him to gain valuable insight into how diverse businesses and organizations of all sizes are operated. Mr. Li has been the General Manager and Corporate Secretary of Prophecy Coal Corp. since January, 2011, and oversaw the spinoff of Prophecy Platinum Corp.

Mr. John Lee, CFA, Chairman of Prophecy comments: "Prophecy Platinum has made great strides in the last 3 months in advancing its flagship Wellgreen project. The Company expects to announce additional senior management appointments to match the calibre of Wellgreen."

About Prophecy Platinum

Prophecy Platinum Corp. is a Canadian-based Nickel PGM exploration company with projects in Canada, Argentina and Uruguay. Prophecy Platinum's flagship Wellgreen PGM-Cu-Ni project is in Yukon Territory, Canada and the Lynn Lake project is located in Manitoba, Canada. Further information can be found at www.prophecyplat.com.

ON BEHALF OF THE BOARD OF DIRECTORS of

Prophecy Platinum Corp.

John Lee, Chairman

Forward Looking Statements: 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 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 company are forward-looking statements that involve various risks and uncertainties. Although Prophecy believes 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 failure to obtain necessary approvals in respect of the Transaction, 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 Prophecy and the risks and challenges of their businesses, investors should review their annual filings that are available at www.sedar.com.

"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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