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

Prophecy Platinum Corp.

August 10, 2011 08:30 ET

Prophecy Platinum Lists on OTCQX Market

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 11, 2011) - Prophecy Platinum Corp. ("Prophecy Platinum" or the "Company") (TSX VENTURE:NKL)(OTCQX:PNIKF)(Frankfurt:P94P) is pleased to announce Company's common shares have been called to trade on the premier tier of the OTC market in the United States, the OTCQX. The ticker symbol is "PNIKF". As part of the OTCQX listing process, Prophecy Platinum is now included in the Mergent Industrial and International Manuals and News Reports publication.

John Lee, Chairman of Prophecy Platinum stated today that: "The OTCQX listing marks a further step in our commitment to enhance international recognition and facilitate liquidity of our common shares to our broad international shareholder base."

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

Prophecy Platinum Corp.

John Lee, Chairman

This press release does not constitute an offer to sell or a solicitation to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended ("the U.S. Securities Act") or any state securities law and may not be offered or sold in the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

"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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