Prodigy Gold Inc fka PDG (PDG)

[NYBob]

Prodigy Gold Named to the TSX Venture 50(r) -





Prodigy Gold Named to the TSX Venture 50(r) -
Vancouver, British Columbia CANADA, February 15, 2012 /FSC/ -

Prodigy Gold Inc. -

(PDG - TSX Venture, KX3 - FWB)("Prodigy" or "Prodigy Gold") is
pleased to announce that Prodigy has been named to
the TSX Venture 50(r).
The TSX Venture 50(r) are the top ten companies on the TSX
Venture Exchange, in each of five major industry sectors -
mining, oil and gas, technology and life sciences, diversified
industries, and clean technology - based on a ranking formula
with equal weighting given to return on investment, market cap
growth, trading volume and analyst coverage.

All data was as of December 31, 2012.
Brian J. Maher, President and CEO of Prodigy Gold commented:
m"Prodigy is very proud to have achieved this prestigious
designation by the TSX Venture Exchange.
This recognition of our achievements over the past year
validates our business plan and we look forward to continued
progress in 2012.
I would like to personally thank every Prodigy employee, our
management team and Prodigy's Board of Directors for their
key roles in achieving this designation".

About Prodigy Gold:
Prodigy Gold Inc. (PDG: TSX.V) is currently evaluating the
development of the Magino mine gold project in Ontario as
an open-pit mining opportunity with the potential for deeper,
higher grade gold production.

The Magino project -
contains Indicated gold resources of
2,176,000 ounces grading 1.00 gpt gold (67.6 million tonnes),
and 1,721,000 ounces of Inferred gold resources grading 0.99 gpt
gold (54.2 million tonnes) at a cut off grade of 0.35 gpt gold.

A Preliminary Economic Assessment (PEA) shows a pre-tax NPV
of $939 million and an IRR of 36% using a 5% discount rate
for the project (available on SEDAR or Prodigy's web site).

The proposed operation would have total gold production of
2,614,000 ounces and an average annual gold output of
249,300 ounces a year during an eleven year project life.

Please note: mineral resources that are not mineral reserves
do not have demonstrated economic viability.
The PEA is preliminary in nature and includes Inferred mineral
resources that are considered too speculative geologically to
have economic considerations applied to them that would enable
them to be categorized as mineral reserves.
There is no certainty that the preliminary assessment will
be realized.

A full feasibility study for the proposed open pit mining project
at Magino is scheduled for completion in late 2012.
Bringing the Magino mine project through the feasibility
process and towards production, is a catalyst to growing
Prodigy Gold and building substantial value for
Prodigy shareholders:
Today's Discovery, Tomorrow's Future.


All scientific and technical information for
the Magino project has been reviewed and approved by
Tom Pollock, P.Geo., Prodigy Gold's Vice President -
Exploration, who is a qualified person under the definitions
established by National Instrument 43-101.

http://www.prodigygold.com/projects/gold_division/magino/

Corporate Presentation February 2012

http://www.prodigygold.com/_resources/presentations/prodigy_presentation_20120203.pdf

http://www.prodigygold.com/_resources/factsheets/FactSheetjan2012.pdf

On behalf of the Board of Directors

Brian J. Maher
President and Chief Executive Officer


FOR FURTHER INFORMATION, PLEASE CONTACT:

Prodigy Gold Incorporated
Email: [e-mail]
Website:
http://www.prodigygold.com
tel.: [phone] Fax: [phone]


Prodigy Gold Inc. was recognized as a TSX Venture 50(r) company in 2012.

TSX Venture 50 is a trade-mark of TSX Inc. and is used under license.

Source:
Prodigy Gold Inc. (TSX-V: PDG)
http://www.www.prodigygold.com

FOR FURTHER INFORMATION, PLEASE CONTACT:

Prodigy Gold Incorporated
Email: [e-mail]
Website:
http://www.prodigygold.com
tel.: [phone] Fax: [phone]

http://tmx.quotemedia.com/article.php?newsid=48215912&qm_symbol=PDG

Magino Gold Mines Property -

http://prodigygold.com/projects/gold_division/magino/

http://prodigygold.com/

To view this release as a webpage, please click on the following link:
http://www.usetdas.com/pr/prodigyprfeb152012.htm

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71346228

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72124412




God Bless