Prophecy Development Corp.

Prophecy Coal Corp. is an internationally diversified thermal coal production company that controls over 1.4 Bmt of open-pittable thermal coal in Mongolia (839 Mmt Measured, 579 Mmt Indicated) between two distinct deposits. In November 2011, the Mongolian government allowed construction of a 600 MW (first phase) 3,600 MW (second phase) power plant at its Chandgana deposit. The company released a positive feasibility study in January 2012, with construction anticipated in Q2/13. Prophecy Coal's project at Ulaan Ovoo was commissioned for production in November 2010. The company holds 22.5M shares of Prophecy Platinum Corp., along with the Okeover property (copper-molybdenum) and the Titan vanadium-titanium-iron projects in Canada.