Prophecy Resource Corp. is pleased to announce the results of an updated independent mineral resource estimate on the Lynn Lake Nickel-Copper property located in the Lynn Lake Nickel Camp in Manitoba, Canada. The property is estimated to contain a measured and Indicated resource of 22.9 million tons at 0.57% nickel and 0.3% copper, together with an Inferred resource of 8.1 million tons at 0.51% nickel and 0.28% copper. The estimate uses a 0.4% Nickel equivalent (NiEQ %) cutoff. The updated estimate was completed by Wardrop Engineering Inc. on 28 January 2010 and prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.