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09/28/11 12:55 PM

#26301 RE: stock_peeker #26275

Sold most of my RG to buy NKL after RG underwhelmed me with the latest assay results.

Prophecy Appoints Dr. L. Hulbert as Geological Advisor

Vancouver, British Columbia, September 28, 2011: Prophecy Platinum Corp. ("Prophecy Platinum" or the “Company”) (TSX-V: NKL, OTC-QX: PNIKF, Frankfurt: P94P) announces the following senior appointments:

Dr. Larry Hulbert, D.Sc., P.Geo: Chief Geological Advisor

Dr. Hulbert's impressive professional background includes 23 years with the Geological Survey of Canada (GSC), most recently in the role of Senior Research Scientist where Dr. Hulbert’s focus was in the Metallogeny of Mafic-Ultramafic Rocks and associated Ni-Cu-PGM mineralization. His analysis and research included numerous Ni-Cu-PGM deposits throughout Canada and the world, including Prophecy's Wellgreen property.

The author of several comprehensive reports defining the geology of the Wellgreen deposit and the broader Kluane Mafic-Ultramafic Belt as a whole, Dr. Hulbert has an intricate understanding of all aspects of both the region and the project. Prominent among Dr. Hulbert’s academic works on the subject is the 265 page report written in 1997, titled "Geology and Metallogeny of the Kluane Mafic-Ultramafic Belt, Yukon Territory, Canada: Eastern Wrangellia – A New Ni-Cu-PGE Metallogenic Terrane". All of Dr. Hulbert’s reports are available under the Wellgreen project section at Prophecy Platinum’s website http://www.prophecyplat.com.

Dr. Hulbert is tasked with helping Prophecy locate additional massive sulphide mineralization within the Company's expansive Quill creek land package encompassing a strike length of 17.5 km with extensive soil anomalies throughout.

Dr. Hulbert has been registered as a Professional Geoscientist since 2003 and as a Qualified Person for the purpose of National Instrument 43-101. He holds a B.Sc. (Hons) and M.Sc. from the University of Regina, as well as a D.Sc. from the University of Pretoria in South Africa.

Mr. Patrick Langlois, B.Com, MBA, CFA: Vice President, Corporate Development

Mr. Langlois has extensive investment banking and venture capital experience, with past roles that have included Director of Investment Banking at Stonecap Securities and Managing Director of Investment Banking at Laurentian Bank Securities. Patrick has provided corporate finance expertise across a broad spectrum of industries, advising numerous corporations regarding public offerings, private placements, as well as mergers and acquisitions. Mr. Langlois, based in Toronto, joins Prophecy on a full time basis and holds an M.B.A. from Université de Sherbrooke, as well as a CFA designation and membership in the CFA Institute.

Mr. Joseph Li, B.Com, CGA: General Manager and Corporate Secretary

Mr. Li is a Certified General Accountant (B.C.) and has a B.Com (Hons) from Laurentian University. For 13 years, Joseph was a Senior Auditor with the B.C. Ministry of Finance, a position which allowed him to gain valuable insight into how diverse businesses and organizations of all sizes are operated. Mr. Li has been the General Manager and Corporate Secretary of Prophecy Coal Corp. since January, 2011, and oversaw the spinoff of Prophecy Platinum Corp.

Mr. John Lee, CFA, Chairman of Prophecy comments: "Prophecy Platinum has made great strides in the last 3 months in advancing its flagship Wellgreen project. The Company expects to announce additional senior management appointments to match the calibre of Wellgreen."