Prophecy Platinum is a mineral exploration company focusing on developing platinum palladium group metals (PGM) and nickel sulphide projects. The company's flagship project is the Wellgreen PGM Nickel deposit in the Yukon Territory, as well as the Lynn Lake Nickel Copper project in Manitoba, five prospective claims in Uruguay and the Las Aguilas Nickel PGM deposit in Argentina.

Wellgreen Project Highlights

• 289 million tonnes of inferred resource with grades 0.4% Ni, 0.4% Cu, 1.18 g/t PGM+Au and 14 million tonnes of indicated resource at 0.7% Ni, 0.6% Cu, 2.25 g/t PGM+Au
• Close to good infrastructure, main roads, electricity and water
• Yukon is one of the most mining friendly jurisdictions
• Drilled 496.06 meters of 0.596 g/t Platinum, Palladium and Rhodium+Au, 0.27% Ni, 0.18% Cu, 0.02% Co (0.45% NiEq) from surface. (See September 27, 2010 news release for full drill results)
• Good potential to expand the quantity on the Property as both the East and West Zones are open at depth
• Good potential to expand the quantity and grade of mineralization on the property to cover the entire Quill Creek Ultramafic intrusive

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LYNN LAKE PROJECT HIGHLIGHTS

• A deposit in Manitoba, Canada, which is mining friendly and also adjacent to a power line, rail line, and airport
• National Instrument 43-101 compliant measured resource of 1mt at 0.76% Ni, 0.36% Cu and indicated resource of 21.9mt at 0.56% Ni, 0.30% Cu (Wardrop Technical Report Jan, 2010)
• Approximately 50% of the host rock remains unexplored
• An exciting 2008 Disco Zone discovery, which includes drillhole intercepts of 47 meters of 0.7% nickel, located 1.5km away from the outlined resource. (See July 7 ,2010 newsrelease for full drill results)
• 2010 discovery of the 'Tango Zone' which includes drill hole intercepts of 17.3 meters of 0.6% nickel and 0.3% copper between historic mine level infrastructure. (See December 6, 2010 news release for full drill results)
• Over 95% Nickel recovery in preliminary results from Lynn Lake Bioleach Study by Mintek

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LAS AGUILAS PROJECT HIGHLIGHTS

• A total indicated resource of 3.3 million tonnes 0.41% Ni, 0.42% Cu, 0.03% Co, 0.72 g/t Pt+Pd+Au; (Wardrop Technical Report Apr, 2011)
• Mineralization at Las Aguilas expresses from surface
• The West Zone of the Las Aguilas Deposit remains open in both directions along strike and at depth
• Only 30km northeast of the Provincial Capital of San Luis (in the San Luis Province), and 11 km from the nearest provincial highway
• Large (> 575 km2) land package comprised of 33 concessions that extends ~50 km along a prospective mafic-ultramafic metallogenic belt known as the Grupo Las Aguilas
• The El Fiero Gossan located approximately 7 km north and along strike of the Las Aguilas deposit yielded several grab sample highlights assaying, 2.2% Ni, 6.7% Cu and 1.6% Ni, 12.5% Cu and 2.2% Ni, 3.6% Cu (EF-2 Showing)
• Numerous airborne electromagnetic (VTEM) anomalies occur along the property, coincident with the expression of the Grupo Las Aguilas mafic-ultramafic suite

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URUGUAY PROJECT HIGHLIGHTS

• Company holds rights to 8 distinct properties throughout Uruguay
• Grassroots projects with geophysical and geochemical database indicating anomalies over several properties
• Uruguay is considered business and mining friendly jurisdiction with an increasingly growing mining sector

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Irina Plavutska MEc, CGA, Interim CFO

Ms. Plavutska has been with the Prophecy group of companies since 2010 and is currently interim CFO of Prophecy Coal Corp. She is a professional accountant with over 20 years of diverse international experience in financial reporting, auditing, and accounting. She is a member of Certified General Accountants Association of British Columbia.

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.

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 with the Prophecy group of companies since January, 2011 and oversaw the successful spinoff of Prophecy Platinum Corp. In addition to holding the positions of General Manager and Corporate Secretary with Prophecy Platinum Corp., Mr. Li is Director, General Manager and Corporate Secretary of Prophecy Coal Corp., which owns approximately 50% of Prophecy Platinum Corp.

Danniel Oosterman B.Sc, P.Geo

Mr. Oosterman is a professional geologist with over 13 years of experience in the mineral exploration industry, having worked with exploration teams for Falconbridge Ltd., and several junior mining companies. He has explored for lode gold, IOGC, and VMS-type deposits, with an emphasis on magmatic Ni-Cu-PGE exploration, having worked in some of the most prolific nickel camps in the world including the Sudbury Basin, and the Thompson Nickel Belt.

DIRECTORS

John Lee CFA, Chairman

John Lee is an entrepreneur with degrees in economics and engineering from Rice University, U.S. He was appointed Chairman and CEO of Prophecy Resource Corp. in October 2009. In a little over a year and under John's leadership, Prophecy Resource Corp. grew from having minimal assets to owning substantial coal and PGM assets in Mongolia and Canada. Prophecy Resource Corp. was restructured to Prophecy Coal Corp. (PCY.T) and Prophecy Platinum Corp. in June, 2011. Prophecy Coal Corp. is the first Canadian public company to license a thermal coal power plant in Mongolia and only the second to commission a mine to production in that country. John Lee is also CEO and Chairman of Prophecy Coal Corp.

Mike Sylvestre M.Sc, P.Eng, Director

For most of his career, Mr. Sylvestre worked with Inco Ltd. where he most recently held senior management positions domestically and internationally. Most notably, he was the CEO Vale Inco, New Caledonia, President Vale Inco, Manitoba Operations and Vice President of Operations PT Inco, Indonesia. Mr. Sylvestre brings over 35 years of mining experience to Prophecy

Greg Hall, Director

Mr. Hall is an independent business adviser to the mining industry. For over 30 years, Mr. Hall has focused on significant international exploration, development and mining ventures, and all aspects of corporate structuring and finance. He is a current director of Prophecy Coal Corp. (PCY.T) and a former director of Silvercorp Metals Inc., China's largest primary silver producer. His previous positions include being a director with Haywood Securities Inc., vice-president with Canaccord Capital Corporation, and senior vice-president with Leede Financial Markets Inc. He is a graduate of the SME Board program at the Rotman School of Management, University of Toronto, and a member of the Institute of Corporate Directors.

Donald Gee CA, Director

Mr. Gee, CA, brings more than 30 years of experience in finance and accounting, with extensive experience in business start-ups, international business, and managing public resource companies and mining company joint ventures. As an entrepreneur, Mr. Gee was the successful founder of Gee & Company Chartered Accountants, a Vancouver-based public accounting firm. More recently, Mr. Gee has served as a key executive and director for several publicly listed resource companies. Mr. Gee is a member of the Canadian Institute of Chartered Accountants, the Society of Economic Geologists, and the Canadian Institute of Mining and Metallurgy. He holds a Bachelor of Science degree in geology from the University of British Columbia.

David Patterson, Director

Mr. Patterson has been involved with exploration companies for over two decades. He has an MBA from Vancouver's Simon Fraser University. Mr. Patterson has an extensive European and North American network which has enabled him to raise in excess of $100-million for mineral exploration companies, including Donner Metals Ltd., for which he acts as chairman.

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

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 with the Prophecy group of companies since January, 2011 and oversaw the successful spinoff of Prophecy Platinum Corp. In addition to holding the positions of General Manager and Corporate Secretary with Prophecy Platinum Corp., Mr. Li is Director, General Manager and Corporate Secretary of Prophecy Coal Corp., which owns approximately 50% of Prophecy Platinum Corp.

ADVISOR

Gary Johnson, Metallurgical Advisor


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


Brian R. Booth, P.Geo., B.Sc., Wellgreen Project Advisor


John McGoran P.Geo, Advisor

Prophecy Platinum Corp.'s common stock trades on the TSX Venture Exchange and the Frankfurt Stock Exchange.

Last updated: April 9, 2012

Symbol:
TSX-V: NKL
OTC-QX: PNIKF
Frankfurt Stock Exchange: P94P

Shares Outstanding: 55,453,543

Options: 6,936,250 [+] Details

Warrants: 1,142,000 [+] Details

Fully Diluted: 63,531,793

CUSIP Number: 74345Y104