Source: Prophecy Resource Corp.                           Date: 17 November, 2010

Prophecy Resource Corp. reports that a Detailed Environmental Impact Assessment (DEIA) pertaining to the construction of a pit-mouth 600-mw coal fired power plant by Prophecy's 1.2-billion-ton Chandgana Coal Project has been approved by the Mongolian Ministry of Nature and the Environment. According to the preliminary plan of construction as outlined in the DEIA, the power station will be built and put into operation within 20 months. It will supply electricity through connection of 220-kw electricity transmission lines from the power plant to the central energy system 150 km away and the eastern energy system 60km away.