Prosper Gold Corp. Drills 324 meters of 0.44% Cu and 0.22 g/t Au Including 180 meters of 0.54% Cu and 0.29 g/t Au at the Star Porphyry Copper – Gold Discovery: Northwestern BC

Oct 22, 2014

Quesnel, British Columbia – October 22, 2014 – Prosper Gold Corp. (“Prosper Gold” or the “Company”) (TSXV: PGX) is pleased to report final drill hole results from the 2014 drill program on the Star Porphyry Copper Gold Project (the “Property”) in northwestern British Columbia.

Drilling Highlights

20 drill holes were completed on the Star Porphyry Copper Gold Discovery in 2014, an aggregate of 13,470 meters has been drilled from 2013 – 14 inclusive of historical drilling
DDH S049 confirms consistent high grade mineralization from the surface to depth.
Grade is increasing in the core area of the discovery and with mineralization remaining open to extension laterally and to depth

Pete Bernier, President and CEO, comments. “We are pleased with the results of our 2014 drill program and the exploration potential of the remaining porphyry targets. The 2014 drill results have confirmed higher grade mineralization extends to the north. A 2015 grid drill program is proposed for this area.”

The Company is pleased to confirm that it has now incurred sufficient explorations expenditures to meet the exploration requirements of the second option with Firesteel Resources subject to satisfying the remaining conditions for a 70% interest in the Property. The Property is optioned from Firesteel Resources Inc. (for full details of the option, please refer to the Company’s May 7,2013 & July 18, 2013 news releases).

Note: Widths reported are drill widths; true widths are unknown. Assays are uncut, length-weighted average values. Copper equivalent (Cu Eq%) values are given for illustration to express the aggregate content of copper and gold as a percent copper. They do not reflect the amount of metal that may be recovered should mining eventually occur. The calculation used is CuEq% = [Cu% + (Au g/t *0.583)] a formula which uses metal prices of US$3.00/lb Cu, US$1,200 per troy ounce Au.

Quality Assurance/Quality Control

Prosper Gold has applied a rigorous quality assurance/quality control program at the Star Project using best industry practice. The core is logged; spot XRF measurements are made directly on the core at 33 cm intervals and magnetic susceptibility measured at 10 cm intervals. Drill core is sawn in half lengthwise at the property and for each two metre interval half of the core is placed in plastic bags and sealed. The remaining half core is retained in core boxes stored at the project. The program includes chain of custody of samples from drill to laboratory.

A standard sample, a blank sample, or a duplicate sample is inserted into the sample stream every tenth sample. Two certified ore assay laboratory standards used in the process were supplied by CDN Resource Laboratories Ltd., an independent laboratory located in Langley, BC. In total, 25 quality control samples (about 11% of 216 samples) were analyzed. No significant QA/QC issues are seen in the results. Every 20th sample is sent from the ALS Minerals to ACME labs of Vancouver for reanalysis as an independent check on the work.

Samples, including those for quality control, are shipped to ALS Minerals’ preparation lab in Whitehorse, Yukon. Samples were analyzed at ALS’s ISO 9001:2008 certified North Vancouver laboratory for gold by fire assay and ICP-AES finish, and for 48 elements including copper, molybdenum and silver by ICP-MS using four acid digestion.

1 shallow hole at Star East and 3 holes Pyrrhotite Creek were drilled with no significant results. More analysis is required to understand the historical and observed mineralization at these targets prior to future drilling.

Qualified Person

The scientific and technical information in this news release has been reviewed by Dr. Dirk Tempelman-Kluit, PhD, P.Geo., a Qualified Person under National Instrument 43-101.

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