Prodigy Gold Inc fka PDG (PDG)

[NYBob]

Prodigy Appoints Ricardo Rojas as General Manager, Magino Mine Project -





Prodigy Appoints Ricardo Rojas as General Manager, Magino Mine Project -

Vancouver, British Columbia CANADA, March 15, 2012 /FSC/ -

Prodigy Gold Inc.
(PDG - TSX Venture, KX3 - FWB), ("Prodigy") is pleased to
announce that it has appointed Mr. Ricardo Rojas as General
Manager of the Magino Mine gold project.

Mr. Rojas brings over 30 years experience in underground and
surface mine operations and construction to Prodigy.

Reporting to the Vice President of Operations, Mr. Fred Mason,
Ricardo will oversee all aspects of the Magino mine development
program from preparing the feasibility study to overseeing the
proposed future construction of the gold mining project.

Ricardo's experience has been acquired at world-class
operations located in Indonesia and North, Central, and South
America holding key positions in the areas of operations,
engineering, and management in both small and large complex
mining operations.

During his career, Ricardo has worked with Corporacion del
Centro in Peru, Petaquilla Gold SA in Panama, Gold Reserve Inc.
in Venezuela, Standard Bank in New York, Kinross Gold in Chile,
Freeport Gold in Indonesia, Cyprus Amax in Chile, Southern Peru
Limited in Peru, Newmont Gold in the United States, Gold Fields
Operating Company in the United States, Cyprus Mineral in the
United States, and the Duval Corporation in the United States.

Ricardo has a Civil Mining Degree from the University of
Santiago in Chile, a Master of Science in Mining Engineering
from the University of Arizona, and a Master in Business
Administration (MBA) from the University of Colorado at Denver.

He will begin his appointment at the Magino Mine gold project immediately.

Mr. Brian J. Maher, President and CEO of Prodigy Gold commented:
"We are delighted to have a gentlemen with Mr. Rojas'
experience and broad mining skills join the Prodigy team as
General Manager of the Magino Mine gold project.
The addition of Mr. Rojas to our technical team emphasizes
Prodigy's commitment to building our technical expertise to
world class levels as the company transitions from explorer to
mine developer."

As part of his employment compensation, Mr. Rojas has been granted options to purchase 350,000 common shares of Prodigy Gold Inc.

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 (see Press Release dated December 22, 2011 and
technical report 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 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. Drill core at Magino is boxed, covered, and sealed at the drill rig and moved to the Prodigy logging and sample preparation facilities by Prodigy Gold personnel. The core is then split down the centre using a typical table fed circular rock saw normally at one metre intervals. One half of the core is sent for assay to ALS Chemex, 2090 Riverside Dr., Timmins, ON, P4R 0A2, while the other half is returned to the core box and stored at Prodigy's sampling facility in a secure, fenced off, area. Prodigy QA/QC procedures include the regular use of blanks, standards and duplicate samples in addition to sending 10% of the samples off to a second lab for check assays. Samples assaying > 3.0 gpt gold are automatically re-assayed by the metallic screen method. Gold assays greater than 40 gpt are capped at 40 gpt when calculating composite intervals in drill holes. Drill holes are directed as much as possible perpendicular to the strike and dip of the mineralization at Magino. As a rough estimate the true thickness of the above intercepts is approximately 76%.

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: 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.


This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements relating to the potential mineralization and geological merits of the Magino mine property and other future plans, objectives or expectations of Prodigy Gold Incorporated (the "Company") are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation. Neither 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.

To view this release as a webpage, please click on the following link:
http://www.usetdas.com/pr/prodigymar152012.htm



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



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

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

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

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