Prophecy Development Corp. (TSX:PCY, OTC-QX:PRPCF, Frankfurt:1P2) is an internationally diversified thermal coal production company.

In November 2011, the Mongolian government issued Prophecy an official permit to construct a 600MW power plant at the site of itsChandgana deposit. The company's second project atUlaan Ovoo, was commissioned for production in November 2010.

Prophecy Development Corp. headquartered in Vancouver Canada, is a mining and energy company listed on the Toronto Stock Exchange and focused on the development of coal mining and a major new power plant in Mongolia. Prophecy has 100% interest in three Mongolian subsidiaries: Red Hill Mongolia LLC which is currently operating Ulaan Ovoo coal mine in Selenge province, Prophecy Power Generation LLC which is developing a mine-mouth 600MW power plant project in Khenti province, and Chandgana Coal LLC which is developing Chandgana coal project with 1.2 billion tonnes of coal resources in Khenti province.

For more information please visit www.prophecydev.com