Prophecy Platinum Corp.
TSX VENTURE : NKL
PINK SHEETS : PNIKF
FRANKFURT : P94

Prophecy Platinum Corp.

June 20, 2011 21:59 ET

Prophecy Platinum Appoints John McGoran as Director

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 20, 2011) - Prophecy Platinum Corp. ("Platinum" or the "Company") (TSX VENTURE:NKL)(PINK SHEETS:PNIKF)(FRANKFURT:P94) is pleased to announce the appointment of John P. McGoran to its board of directors.

John McGoran graduated with a B.Sc. in Geology from Carleton University and has a P.Geo designation. Mr. McGoran is a member in good standing with both the British Columbia Association of Professional Engineers and Geoscientists, and the Society for Mining, Metallurgy and Exploration.

Mr. McGoran's extensive experience includes thirty eight years as an economic geologist and twelve years as a prospector for economic minerals. Mr. McGoran is a co-founder of Imperial Metals Corp., founder of Fleck Resources (now Polymet), founder of Northern Platinum Ltd. and former director of Prophecy Coal Corp. (TSX VENTURE:PCY).

Additionally, Mr. John Kerr and Mr. Michael Sweatman have resigned as Directors of Platinum. The Company would like to thank them for their service.

The Company also wishes to announce that it has granted options to acquire an aggregate of 5.67 million common shares at a price of $0.90 per share for a period of five years to directors, officers, consultants and employees of the Company. The above grant is subject to regulatory approval, including the approval of the TSX Venture Exchange.

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 and Interim CEO

"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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