Prophecy Resource Corp. Joins OTCQX

NEW YORK, July 21 /PRNewswire-FirstCall/ -- Pink OTC Markets Inc. (OTCQX: PINK), the financial information and technology services company that operates the leading electronic quotation and trading system in the U.S. OTC securities market, today announced that Prophecy Resource Corp. (OTCQX: PRPCF, TSX.V: PCY), a Canadian resource company, is now trading on the OTC market's highest tier, OTCQX®.

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Prophecy Resource began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcqx.com and www.otcmarkets.com. As part of the OTCQX listing process, Prophecy Resource is now included in the Standard & Poor's Corporation Records publication.

R. Cromwell Coulson, President and CEO of Pink OTC Markets stated that: "We are pleased to welcome Prophecy Resource to OTCQX, Companies, like Prophecy Resource, that trade on OTCQX demonstrate their commitment to providing superior information to investors and maintaining the highest quality standards."

The Company's common shares have also been accepted for continuously trading on the electronic trading platform Xetra® in Germany under the ticker symbol "1P2.DE". The International Security Identification Number (ISIN) number is (ISIN: CA74345B1040).

John Lee, CEO of Prophecy stated today that: "Both the OTCQX and the continuous Xetra® listings mark a further step in our commitment to enhance international recognition and facilitate liquidity of our common shares to our broad international shareholder base."

About Prophecy Resource Corp.

Prophecy Resource Corporation is an internationally diversified company engaged in developing, energy, nickel and platinum group metals projects. The company controls over 1 billion tonnes of open-pittable thermal coal in Mongolia (503 MT Measured, 503 MT Indicated) (see Prophecy news, January 21, 2010 and Red Hill Energy news March 26, 2010) In Canada Prophecy owns Lynn Lake Nickel Project, a 10% equity stake in Victory Nickel and agreed to merge with Northern Platinum (TSX-V: NTH) on June 15, 2010. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

About OTCQX

The OTCQX Marketplace is the premier tier of the U.S. OTC market. Investor-focused companies use the quality controlled OTCQX platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The innovative OTCQX platform offers companies and their shareholders a level of marketplace services formerly available only on a U.S. stock exchange. For more information and to view a full list of OTCQX companies, visit www.otcqx.com.

About Pink OTC Markets Inc.

Pink OTC Markets Inc. (OTCQX: PINK) operates the leading electronic interdealer quotation and trading system for over 9,000 securities not listed on a U.S. stock exchange. Pink OTC Markets segments these securities into three tiers: the quality-controlled OTCQX marketplace, the U.S. registered and reporting OTCQB marketplace, and the speculative trading Pink Sheets marketplace. These three tiers constitute the third largest U.S. liquidity pool for trading public company shares, after The NASDAQ Stock Market, Inc. and The New York Stock Exchange.  Our products and services promote market transparency, improve price discovery, facilitate regulatory compliance, and increase the quality of issuer disclosure, to the benefit of all OTC market participants. To learn more about how Pink OTC Markets' products and services make OTC markets more transparent, informed, and efficient, please visit our websites at www.otcmarkets.com, www.pinkotc.com and www.otcqx.com or contact us at [email protected].

SOURCE Pink OTC Markets Inc.