Prophecy Commences Summer Exploration Program on its Titan Vanadium, Iron, Titanium Project, Ontario

Vancouver, British Columbia, June 28, 2010: Prophecy Resource Corp. (“Prophecy” or the “Company”) (TSX-V:PCY, OTC: PRPCF, Frankfurt: 1P2) announced today it has commenced an exploration program on its Titan Vanadium/Iron Project. The program comprises 22 line kilometres of linecutting covering over 2.7 square km in 100 m intervals that will extend the current surveyed grid west and southwest of the Titan Ti-V-Fe deposit. A ground magnetometer survey will be conducted over this extension to close off a mag anomaly associated with the existing deposit, and to test with broader extensions highlighted in a previous airborne survey.

The grid will also provide control for a concurrent geological mapping program that will ascertain any trends and focus on determining the nature of a Pt-Pd horizon intersected in past drilling, and whether there are any expressions of this mineralization at surface.

A total of 4,898 historic assay intervals were recorded from 38 core holes drilled by Randsburg on the property. Drilling highlights reported by Randsburg included 142 meters of 0.27% Vanadium (0.48% Vanadium Pentoxide) from hole RA-5-21 and 174 meters of 0.26% Vanadium (0.46% Vanadium Pentoxide) from hole RA-5-10. The mineralization started from surface to an open vertical depth of 500 meters. The complete horizontal and vertical extent of the deposit is still to be determined. Prophecy intends to drill Titan in 2010 to expand on the existing 48.9 million tonne inferred resource, and possibly discover other zones of exploration interest.

Prophecy optioned 80% Titan from Randsburg International Gold Corp. (TSX-V: RGZ) – (see Prophecy news, January 14, 2010). Titan contains a National Instrument 43-101 compliant Inferred resource of 48.9 million tonnes, grading 48.1% iron (Fe2O3) 14.8% titanium (TiO2), and 0.23% vanadium (V). The property is located approximately 120 km east-northeast of Sudbury, Ontario straddling the boundary between Angus and Flett Townships, with access to excellent infrastructure. The Titan property consists of 1,052 contiguous hectares (2,600 acres) comprising 17 patented claims and 3 mining claims.

Visit www.prophecyresource.com for the work program map superimposing the grid onto the airborne mag survey.

This news release has been reviewed and approved by Danniel J. Oosterman, PGeo, and a Qualified Person as defined in NI 43-101.