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MWM

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Alias Born 03/31/2006

MWM

Re: None

Monday, 01/24/2011 2:38:58 PM

Monday, January 24, 2011 2:38:58 PM

Post# of 7
Prophecy Resource Corp. ("Prophecy") (TSX-V:PCY, OTC: PRPCF, Frankfurt: 1P2) and Pacific Coast Nickel Corp. ("PCNC") (TSX-V: NKL) (the "Companies") are pleased to announce that they have entered into a binding letter of agreement dated January 17, 2011 (the "Agreement") whereby PCNC will acquire Prophecy’s Nickel PGM projects by issuing common shares to Prophecy. (the "Transaction").


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