Prophecy Platinum Corp.
TSX VENTURE : NKL
OTCQX : PNIKF

Prophecy Platinum Corp.

November 19, 2013 22:40 ET

Prophecy Platinum Announces 2013 Annual General Meeting of Shareholders and Changes to its Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 19, 2013) - Prophecy Platinum Corp. (TSX VENTURE:NKL)(OTCQX:PNIKF) ("Prophecy Platinum" or the "Company") is pleased to announce it has mailed its management information circular and related meeting materials (the "Meeting Materials") for the Company's upcoming Annual General and Special Meeting (the "AGM") of shareholders. The AGM will be held on Tuesday, December 17, 2013 at 10:00 a.m. (PST) at the offices of the Company's legal counsel, Cassels Brock & Blackwell LLP, located at Suite 2200, 885 West Georgia Street, Vancouver, British Columbia. The Meeting Materials are available on Prophecy Platinum's website: www.prophecyplatinum.com; and under the Company's profile on SEDAR at www.sedar.com.

We invite our shareholders to attend the AGM to meet our Board of Directors and management team, and to hear first-hand about our operations, activities over the past year and our future plans.

At the AGM, shareholders will be asked to elect five nominated individuals to the Company's Board of Directors for the ensuing year, all of whom are currently directors of the Company. The nominated directors include: Wesley J. Hall, Greg Johnson, Myron G. Manternach, Jeffrey R. Mason and Mike Sylvestre.

We encourage investors to read the Meeting Materials for full details on what matters will be considered at the AGM and for guidance on how to vote their shares.

Prophecy Platinum also announces that Greg Hall has resigned from the Board of Directors effective November 17, 2013. The Company wishes Mr. G. Hall well in his future endeavours. The Board has appointed Jeffrey R. Mason as a new director of the Company in place of Mr. G. Hall. Mr. Mason is Prophecy Platinum's Chief Financial Officer, a significant shareholder of the Company, and he has 25 years of public company experience at the exploration, development, construction and operation stages for PGMs, gold, copper, nickel, lead, zinc, and diamond projects in Canada, USA, Mexico, China, Brazil, and South Africa.

Mr. Mason is a Chartered Accountant and an experienced public company director, and he holds the Institute of Corporate Directors (ICD.D) designation. In addition to his broad experience in corporate and project finance, regulatory/operation reporting and corporate governance, including 15 years as a Principal with, and Chief Financial Officer of, Hunter Dickinson Inc., Mr. Mason has served as Chief Financial Officer, Corporate Secretary and director for 15 public companies listed on the TSX, TSXV, AMEX and NASDAQ. At Taseko Mines Limited, Mr. Mason, as the CFO and a director, was instrumental in the acquisition of the Gibraltar Cu-Mo mine in British Columbia and played a key role in moving it from an inactive project into the second largest open pit copper mine operating in Canada. At Continental Minerals Corporation, Mr. Mason negotiated the purchase of the Xietongmen Cu-Au Project in China and joint venture with Jinchuan Group Limited, one of China's largest nickel producers who subsequently acquired Continental Minerals for $431 million. Mr. Mason's wide-ranging experience in the Yukon includes the Casino Project (now owned by Western Copper and Gold Corp.) and in PGMs in the Republic of South Africa with Atlatsa Resources Corporation. He began his career with Deloitte LLP as a Chartered Accountant, followed by Homestake Mining Company (merged with Barrick Gold Corporation) in mineral exploration, construction and operations reporting. In 2004, Mr. Mason was awarded the BC Ernst and Young Entrepreneur of the Year Award in Natural Resources.

Greg Johnson, President and CEO of Prophecy Platinum, stated: "We believe these changes in the Board of Directors, which reflect the recent significant restructuring of our shareholder base, are an important step in the continued progress of the Company from an exploration stage company to a development stage company. It is an exciting time for the Company and for our investors to be in the platinum group metals sector and to be advancing one of the world's largest undeveloped platinum and palladium resources. We look forward to the Annual General Meeting and to hearing from, and presenting to, our shareholders."

Jeffrey Mason stated: "I am honoured to join the Board of Directors of Prophecy Platinum, and I am excited to help create significant value for all of our shareholders. Over the last year, I have accumulated approximately a 3.3% direct shareholder interest in Prophecy Platinum and share the commitment of our highly skilled technical team's focus on the accelerated development of our projects."

Prophecy Platinum has engaged Kingsdale Shareholder Services Inc. as its proxy solicitation agent for the AGM. If you have any questions and/or need assistance in voting your shares, please contact Kingsdale Shareholder Services Inc. toll-free at 1-866-581-1392 in North America, or call collect at 1-416-867-2272 outside of North America, or by email at contactus@kingsdaleshareholder.com.

About Prophecy Platinum

Based in Vancouver, Canada, Prophecy Platinum Corp. is a platinum group metals exploration and development company with advanced projects in the Yukon Territory, Ontario, and Manitoba, Canada. Our 100% owned Wellgreen PGM-Ni-Cu project, located in the Yukon, is one of the world's largest undeveloped PGM deposits and one of the few significant PGM deposits outside of southern Africa or Russia. Our Shakespeare PGM-Ni-Cu project is a fully-permitted, production-ready brown-fields mine located in the well-established Sudbury mining district of Ontario, and our Lynn Lake project is a former operating mine located in Manitoba, Canada.

Our experienced management team has an extensive track record of successful, large-scale project discovery, development, permitting, operations and financing combined with an entrepreneurial approach to sustainability and collaboration with First Nations and communities. Our shares are listed on the TSX Venture Exchange under the symbol "NKL" and on the US OTC-QX market under the symbol "PNIKF".

Further information about Prophecy Platinum and its projects can be found at www.prophecyplatinum.com.

Forward Looking Information: This news release includes certain information that may be deemed "forward-looking information". Forward-looking information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. All information in this release, other than information of historical facts, including, without limitation, matters relating to the AGM, the creation of shareholder value, the progress of the Company from an exploration stage company to a development stage company, the potential of the Wellgreen and Shakespeare projects, the timing and success of exploration and development activities generally, and the timing of general future plans and objectives for the Wellgreen and Shakespeare projects, are forward-looking information that involve various risks and uncertainties. Although the Company believes that the expectations expressed in such forward-looking information are based on reasonable assumptions, such expectations are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking information. Forward-looking information is based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from the forward-looking information 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, 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, the Company's ability to maintain the support of stakeholders necessary to develop the Company's projects, 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 Company with securities regulatory authorities in Canada. 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, actual events may differ materially from those projected in the forward-looking information. For more information on the Company and the risks and challenges of our business, investors should review our annual filings which are available at www.sedar.com. The Company does not undertake to update any forward looking information, except in accordance with applicable securities laws.

"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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