Expert Analysis

Don Blyth, Paradigm Capital (1/4/12) "Prodigy Gold Inc. released an updated Preliminary Economic Assessment (PEA) at its 100%‐owned Maginogold project in Ontario. . .the company has substantially increased current mineral resources at the Magino project to 3.5 Moz at 1.20 g/t. . .the Magino project appears to be very robust. . .Prodigy will now move into a full feasibility study, which is scheduled for completion during H212; further evaluation of options to reduce costs and increase production could enhance the overall project economics significantly. We expect the updated PEA to serve as a catalyst for the shares and potentially trigger M&A activity."

From Equedia

Current Target Price High Target Price Estimate 1.90 Low Target Price Estimate 1.20 Mean Target Price Estimate 1.37 Standard Deviation 0.30 Date of Most Recent Estimate 1/4/12

Target Price History Current 1 Week Ago 2 Weeks Ago 3 Weeks Ago High Target Price Estimate 1.90 1.90 1.50 1.50 Low Target Price Estimate 1.20 1.00 1.00 1.00 Mean Target Price Estimate 1.37 1.24 1.16 1.16 Standard Deviation 0.30 0.38 0.21 0.21 Date of Most Recent Estimate 1/4/12 12/22/11 11/14/11 11/14/11