Prosper Gold begins drilling Star

May 20, 2014

PROSPER GOLD BEGINS 10,000 M DRILL PROGRAM-STAR PROJECT NW BC

Drilling has commenced on Prosper Gold Corp.’s Star porphyry copper gold project in northwestern British Columbia. Drilling will initially focus on the Star discovery area. A second drill is planned for June to test the Pyrrhotite Creek targets 4.5 kilometres southwest of Star.

Phase 1 drill program — Star targets

Phase 1 of the 2014 drill program will focus on the main Star discovery to expand the mineralized zone. The nearby Star North and Star East targets will also be drill tested.

Previously released drill results (see the company’s Oct. 1 and Oct. 29, 2013, news releases):

DDH S024: 0.37 per cent copper and 0.24 gram per tonne Au over 312 metres (including 77 m at 0.66 per cent Cu, 0.55 g/t Au and 1.11 g/t Ag);
DDH S025: 0.42 per cent Cu and 0.20 g/t Au over 269 m (including 237 m at 0.46 per cent Cu, 0.22 g/t Au and 0.65 g/t Ag);
DDH S026: 0.35 per cent Cu and 0.15 g/t Au over 263 m (including 165 m at 0.44 per cent Cu, 0.20 g/t Au and 0.78 g/t Ag);
DDH S027: 0.35 per cent Cu and 0.11 g/t Au over 334 m (including 260 m at 0.39 per cent Cu, 0.12 g/t Au and 0.93 g/t Ag);
DDH S028: 0.45 per cent Cu and 0.26 g/t Au over 144 m (including 60 m at 0.63 per cent Cu, 0.30 g/t Au and 0.91 g/t Ag);
DDH S029: 0.34 per cent Cu and 0.21 g/t Au over 252 m (including 77 m at 0.46 per cent Cu, 0.27 g/t Au and 0.82 g/t Ag).

The first four holes are steps-outs from the drill holes shown above. The drill will then move to the Star East and Star North targets respectively 750 m east and 950 m northeast from the Star. Based on results the drill will be returned to the main Star target to commence a phase 2 drill program to define the resource. If warranted a third drill could be mobilized to site.

Star porphyry — drill hole targeting (see the company’s for detailed targeting diagrams)

To be collared 308 m north of S-024 drilled in 2013 to test continuity of known mineralization northward. Modelling based on chargeability, previous drill results, and copper-gold and silver-in-soil anomaly extension are strong in this direction;
Located approximately 350 m southeast of S-024, will be drilled to the northwest. 3-D modelling implies continuity of mineralization into this previously undrilled area;
To be collared in a trench located about 390 m southwest of S-024 where strong mineralization (0.51 per cent Cu and 0.4 g/t Au over 24 m and 0.33 per cent Cu over 70 m) occurs at surface. The drill hole will be oriented toward the northeast to test the known mineralized zone to depth;
The fourth hole will drill eastward from about 390 m west of S-024 back toward known mineralization to test a magnetic high target.

Star East target

One hole will drill the untested Star East target where a coincident chargeability and copper-gold and silver-in-soil are known over an 800 by 500 m area. The drill hole, to be collared approximately 620 m southeast of S-024, will drill east-southeast into the chargeability and under the soil target.

Star North target

Star North is 950 m northeast of the Star porphyry discovery. The target area as defined by chargeability covers a 500 by 300 m area and is marked by a coincident copper-gold and silver-in-soil target.

Pyrrhotite Creek target area

Pyrrhotite Creek is approximately 4,500 m southwest of the Star system. Two porphyry targets occur about 1,200 m apart. The first is a 300 by 200 m area, as defined by soil sampling, historical trenching and short hole drilling. The second is an 800 by 250 m coincident copper-gold-silver-in-soil geochemical anomaly with coincident IP chargeability.

Target 1 was drilled in 1972 and returned grades of 146.3 m at 0.32 per cent Cu, near where a trench returned 31.7 m of 0.65 per cent Cu. There was no historical analysis of gold from these sample sites. Target 2 has coincident copper-gold-silver-in-soil with chargeability and has not been drilled.

“Our 2014 phase 1 drilling will build on historical results and is expected to expand the mineralization,” said Peter Bernier, president and chief executive officer. “We are well funded to carry out the plan outlined above and aim to have sufficient data to build a resource.”

The property is optioned from Firesteel Resources Inc. (for further details, please refer to the company’s May 7, 2013, news release).

Qualified person

The scientific and technical information in this news release has been reviewed by Dr. Dirk Tempelman-Kluit, PhD, PGeo, a qualified person under National Instrument 43-101.

For a detailed overview of Prosper Gold please visit the company’s website.

http://www.prospergoldcorp.com/s/News.asp