Prosper Gold Corp. Receives Multi-Year Area Based Permit; Appoints Senior Advisors

Prosper Gold Corp. Receives Multi-Year Area Based Permit; Appoints Senior Advisors
  
 

QUESNEL, BRITISH COLUMBIA--(Marketwired - Feb 20, 2014) - Prosper Gold Corp. ("Prosper Gold" or the "Company") (TSX-VENTURE:PGX) is pleased to announce that they have received a Multi-Year Area Based (MYAB) Notice of Work permit from the British Columbia government authorizing a five year exploration program at its Sheslay Porphyry Copper Gold Project (the "Property") in northwestern British Columbia. The Property is optioned from Firesteel Resources Inc. (May 7, 2013 news release)

The Company also announces that it has appointed Mr. Ted Muraro and Mr. K. Brock Riedell as Senior Advisors.

Permit

This Notice of Work Permit allows Prosper Gold to conduct surface drilling from 200 ground and helicopter supported locations over a five year period. Prosper now has permission to expand the camp at the Star target to 35 people (12 Structures) and establish a temporary fly camp at Pyrrhotite Creek for up to 8 people (6 Structures). Also included in the Notice of Work Permit is permission to conduct mechanical trenching at 50 sites, a 50 line km IP survey, and 5 km of new exploration trail construction to add to the existing network of over 50 km.

Advisors

Mr. Muraro is a geologist with over 40 years of experience in the mineral exploration industry including over 30 years at Cominco Ltd. leading to Chief Geologist, Exploration. He holds a B.ASc in Geological Engineering from the University of British Columbia, a M.Sc in Geological Engineering from Queens University, and has completed post-graduate studies at Stanford University.

Mr. Riedell is a geologist with over 35 years of exploration experience with an emphasis on porphyry copper-gold deposits. He has worked with Newmont, Exxon Minerals and BHP Billiton where he served as Chief Geologist. Since 2009 he has served as a consultant on advanced copper-gold-molybdenum exploration and development projects. He is a graduate of Williams College with a Bachelor of Arts (Honors) in Geology, and received a Master of Science degree in Geological Sciences from the University of Washington.

The Project

Porphyry copper-gold mineralization occurs on the Sheslay Property; defined by significant historical work completed by different operators from the 1970's to 2007. Five drill ready targets have been identified to date: (Star, North Star, East Star, Copper Creek and Pyrrhotite Creek). All 5 porphyry style targets are permitted for drilling. Four of the targets are clustered within the 12 square kilometre Star target area. There are multiple distinct porphyry style targets also occurring in the Pyrrhotite Creek area located 4 kilometers to the southwest.

"We are excited to have Ted and Brock on board; their expertise in the region and the deposit type will help focus and guide Prosper's work" said Peter Bernier, President and CEO, "The Multi-Year Area Based permit will allow the Company to thoroughly drill test the 5 known porphyry copper gold targets while conducting further exploration of the property."

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

ON BEHALF OF THE BOARD OF DIRECTORS

Peter Bernier, President & CEO

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.

Prosper Gold Corp.Peter BernierPresident & CEO(250) [e-mail]