Prosper Gold Corp. Closes Private Placement; Mobilizes Field Crew

Prosper Gold Corp. ("Prosper Gold" or the "Company") (TSX VENTURE:PGX) announces
that it has completed the previously announced private placement of a total of
6,000,000 units ("Units") at a price of $0.50 for gross proceeds of $3,000,000
(the "Private Placement"). 


Each Unit issued under the Private Placement consists of one common share
("Prosper Share") and one-half of one common share purchase warrant (each whole
warrant, a "Warrant") with each Warrant exercisable to acquire one Prosper Share
for a period of 36 months at an exercise price equal to $0.75. In the event that
Prosper Gold's common shares trade at a closing price on the TSX Venture
Exchange of greater than $1.00 per share for a period of twenty consecutive
trading days at any time after the closing date of the Private Placement,
Prosper Gold may accelerate the expiry date of the Warrants by giving notice to
the holders thereof and in such case the Warrants will expire on the 30th day
after the date on which such notice is given by Prosper Gold (the "Acceleration
Provision"). Prosper Gold is also pleased to announce that existing Insiders
have collectively subscribed for more than 1,000,000 Units. 


In connection with the Private Placement and in accordance with the policies of
the TSX Venture Exchange, finder's fees totaling approximately $50,000 in cash
were paid and approximately 100,000 common share purchase warrants (each, a
"Finder Warrant") were issued. Each Finder Warrant is non-transferable and
exercisable for one Prosper Share for a period of 36 months following closing at
an exercise price equal to $0.50. The Finder Warrants contain the same
Acceleration Provision as the Warrants comprising the Units. 


Prosper Gold expects to use the net proceeds from the Private Placement to fund
exploration activities for 2014 at the Company's Star Porphyry Copper Gold
Project (the "Property") and for working capital and general corporate purposes.
The Property is optioned from Firesteel Resources Inc. (for further details,
please refer to the Company's May 7, 2013 news release).


All securities issued pursuant to the Private Placement will be subject to a
four month and one day hold period in accordance with applicable securities
laws. The securities described herein have not been, and will not be, registered
under the United States Securities Act of 1933, as amended, and were not
permitted to be offered or sold within the United States absent registration or
an applicable exemption from the registration requirements of such Act.


Mobilization of Field Crew

The Company has mobilized field crews for Phase I of the 2014 diamond drill
program on their Star Porphyry Copper Gold Project, located in northwestern BC.
Prosper Gold has begun camp reactivation in conjunction with drill mobilization.


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

ON BEHALF OF THE BOARD OF DIRECTORS

Peter Bernier, President & CEO

Unless otherwise specified, all dollar amounts used herein refer to the law
currency of Canada.


Certain information in this news release constitutes forward-looking statements
under applicable securities law. Any statements that are contained in this news
release that are not statements of historical fact may be deemed to be
forward-looking statements. Forward-looking statements are often identified by
terms such as "may", "should", "anticipate", "expect", "intend" and similar
expressions. Forward-looking statements in this news release include, but are
not limited to, statements with respect to the use of proceeds from the Private
Placement and the drill mobilization at the Property. Forward-looking statements
necessarily involve known and unknown risks, including, without limitation, the
Company's ability to implement its business strategies; risks associated with
mineral exploration and production; risks associated with general economic
conditions; adverse industry events; marketing and transportation costs; loss of
markets; volatility of commodity prices; inability to access sufficient capital
from internal and external sources, and/or inability to access sufficient
capital on favourable terms; industry and government regulation; changes in
legislation, income tax and regulatory matters; competition; currency and
interest rate fluctuations; and other risks. Readers are cautioned that the
foregoing list is not exhaustive.


Readers are further cautioned not to place undue reliance on forward-looking
statements as there can be no assurance that the plans, intentions or
expectations upon which they are placed will occur. Such information, although
considered reasonable by management at the time of preparation, may prove to be
incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly
qualified by this cautionary statement.


The forward-looking statements contained in this news release represent the
expectations of the Company as of the date of this news release, and,
accordingly, are subject to change after such date. The Company does not
undertake any obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise, except as
expressly required by applicable securities law.


Neither the 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Prosper Gold Corp.
Peter Bernier
President & CEO
[phone]
[e-mail]