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Sunday, 10/20/2013 2:12:58 PM

Sunday, October 20, 2013 2:12:58 PM

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Stunning results from DoubleViews neighbor on the first 3 of 6 holes

Prosper Gold Corp. ("Prosper Gold" or the "Company") (TSX VENTURE:PGX) is pleased to report results from the first three drill holes of a six hole 2339.74 metre drill program completed on the Sheslay porphyry copper gold project (the "Property") located in northwestern British Columbia. This follows the previously announced qualifying transaction with Firesteel Resources Inc. (May 7, 2013 news release) in which Prosper Gold may acquire an 80% interest in the 6,829 hectare Property.

Drill Program

Drilling during late August and September focused on the Star, the most advanced of five targets. The drilling confirmed the results of the historic drilling and tested for mineralization continuity to depth.

Assay results for the holes are tabulated below. Details are given on the company website at www.ProsperGoldCorp.com

DDH from to intersection Cu% Au g/t Ag g/t
S024 4.88 317.04 EOH 312.16 0.37 0.24 0.69
incl 4.88 82 77.12 0.66 0.553 1.11
S024 82 115 33 0.21 0.111 0.38
S024 115 201 86 0.34 0.164 0.38
S024 201 251 50 0.18 0.064 0.35
S024 251 287 36 0.38 0.188 0.7
S024 287 317.04 30.04 0.21 0.107 0.42
S025 7 276 269 0.42 0.198 0.61
incl 7 22 15 0.13 0.051 0.27
incl 22 259 237 0.46 0.217 0.65
incl 259 276 17 0.17 0.056 0.32
S026 11 274EOH 263 0.35 0.15 0.63
incl 11 108 97 0.19 0.061 0.36
incl 108 273 165 0.44 0.2 0.78



Widths reported are drill widths; true widths are unknown. Assays are uncut, length-weighted average values.

The holes intersected highly altered, strongly veined and pervasively mineralized medium andesite and related volcano-sedimentary rocks. They are correlated with the Late Triassic Stuhini Group. The rocks are intensely, irregularly and intricately fractured and broken on centimeter to millimeter scales. Alteration and mineralization are facilitated and in part localized by the fractures. A range of alteration types and vein styles is seen. Alteration includes silicification, potassic Kspar and biotite, magnetite, sericite, epidote and chloritization. Veins include B type quartz veins and D type pyrite veins. Alteration and veining are pervasive and intensity ranges from mild to strong; fresh rocks are rare. Disseminated and fracture controlled chalcopyrite is the primary mineral of interest.

The assay results reveal strong correlation between copper, gold and silver in each drill hole. Results also demonstrate that Cu-Au-Ag mineralization is independent of rock type. Notable is that mineralization is generally stronger where magnetic susceptibility is elevated. Magnetite alteration in veins, fracture fills and replacements is common where the susceptibility is elevated.

"Pending drill holes have confirmed copper bearing porphyry style mineralization to a depth of 598m from surface. This is the deepest confirmed mineralization to date. Results for the remaining three drill holes will be released when available." said Peter Bernier President and CEO.

Quality Assurance/Quality Control

Prosper Gold has applied a rigorous quality assurance/quality control program at the Sheslay porphyry copper gold project using best industry practice. The core is logged; spot XRF measurements are made directly on the core at 33 cm intervals and magnetic susceptibility measured at 10 cm intervals. Drill core is sawn in half lengthwise at the property and for each metre half of the core is placed in plastic bags and sealed. The remaining half core is retained in core boxes stored at the project. The program includes chain of custody of samples from drill to laboratory.

A standard sample, a blank sample, or a duplicate sample is inserted into the sample stream every tenth sample. Two certified ore assay laboratory standards used in the process were supplied by CDN Resource Laboratories Ltd., an independent laboratory located in Langley, BC. In total, 107 quality control samples (about 10% of 1087 samples) were analyzed. Prosper Gold detected no significant QA/QC issues in reviewing the results.

Samples, including those for quality control, are shipped to ALS Minerals' preparation lab in Terrace, B.C. Samples were analyzed at ALS's ISO 9001:2008 certified North Vancouver laboratory for gold by fire assay and ICP-AES finish, and for 48 elements including copper, molybdenum and silver by ICP-MS using four acid digestion.

Qualified Person

The technical information in this news release has been reviewed by Dirk Tempelman-Kluit, PhD, P.Geo., a Qualified Person under National Instrument 43-101

For a detailed overview of Prosper Gold please visit www.ProsperGoldCorp.com

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