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Message: More Warrants on the Horizon?

As per the March 17 News Release....

Vancouver, British Columbia, March 17, 2011.

Prodigy Gold Incorporated (the "Company" or "Prodigy Gold"), is pleased to announce it has closed the non-brokered private placement originally announced on March 8, 2011 pursuant to which Macquarie Bank Ltd. ("Macquarie") has acquired 7,000,000 units of the Company at a price of $0.45 per unit for proceeds of $3,150,000. Each unit consists of one common share of the Company (a "Common Share") and one-half of one transferable Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder, on exercise thereof, to purchase one additional Common share at a price of $0.60 for a period of 24 months from the completion of the offering, provided that if the daily volume weighted average price for twenty (20) consecutive days of trading of the Company's shares on the TSX Venture Exchange (or such other stock exchange on which shares of the Company are listed) exceeds $0.75 per share, the expiry date of the Warrants may be accelerated to the day which is thirty (30) calendar days after notice of acceleration has been sent by the Company to Macquarie.

The last minute up-tick may not constitute a "daily volume weighted average" of 0.75, but it appears today (April 26th), is close to being the first of a new "20 consecutive days".



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