Tabernac!!

Prodigy Drills 153 Metres Grading 1.05 gpt Gold and Shallow Higher Grade Zone at Magino: 39 Metres Grading 3.40 gpt Gold

Vancouver, British Columbia CANADA, June 28, 2012 /FSC/ - Prodigy Gold Inc. (PDG - TSX Venture, KX3 - FWB), ( "Prodigy" or "the company") is pleased to announce results from 15,318 metres of diamond drilling completed at Magino Mine gold project since April 30, 2012. Highlights from the 66 diamond drill holes, part of a 60,000 metre drill campaign, are reported below and include153.0 metres grading 1.05 gpt gold in drill hole MA12-353, 83.0 metres grading 1.65 gpt gold in drill hole MA12-340, and a shallow higher grade zone in drill MA12-299: 39.0 metres grading 3.40 gpt gold including 5.0 metres grading 24.75 gpt gold. Many of the drill holes reported below are shallow in-fill drill holes designed to increase drill hole density in near surface portions of the deposit and establish continuity of higher grade geologic domains. Because of the volume of data and its significance, the resource update for the Magino project will be expanded to include these in-fill and resource expansion drill results; the resource update should be completed within a few weeks.

Brian J. Maher, President and CEO of Prodigy Gold commented: "The continued impressive results from the Magino mine gold project drilling program demonstrates the consistency of gold grade distribution within the deposit and the increasing scale of the gold mineralized system. We are anxious to include this new data in the upcoming resource update as the new resource numbers will have a large influence on scoping studies, grade optimization and mine planning during the feasibility process. The resource update will be completed shortly and the project timeline remains on track".


-***-

----------------------------------------------------------
Drill Hole From To Length Azimuth Dip(angle
(metres) (metres) (metres) (360 deg) below
surface)
----------------------------------------------------------
MA12-291 126.6 129.4 2.8 168.6 -47.3
----------------------------------------------------------
MA12-293 71.0 158.0 87.0 135.2 -53.9
----------------------------------------------------------
MA12-297 122.0 144.0 22.0 152.6 -55.0
----------------------------------------------------------
176.0 205.0 29.0
----------------------------------------------------------
MA12-295 239.0 321.5 82.5 172.2 -42.7
----------------------------------------------------------
including 239.0 283.0 44.0
----------------------------------------------------------
MA12-298 46.0 104.0 58.0 153.1 -59.5
----------------------------------------------------------
221.0 231.0 10.0
----------------------------------------------------------
MA12-299 93.0 132.0 39.0 157.6 -65.1
----------------------------------------------------------
including 98.0 103.0 5.0
----------------------------------------------------------
MA12-300 nsv nsv nsv 163.0 -47.9
----------------------------------------------------------
MA12-301 32.0 128.0 96.0 155.9 -49.8
----------------------------------------------------------
MA12-302 63.0 101.0 38.0 186.2 -54.6
----------------------------------------------------------
176.0 189.0 13.0
----------------------------------------------------------
MA12-303 10.5 19.0 8.5 166.3 -57.4
----------------------------------------------------------
MA12-304 6.1 11.0 4.9 265.4 -50.9
----------------------------------------------------------
MA12-305 6.4 99.0 92.6 204.3 -46.7
----------------------------------------------------------
including 52.0 70.0 18.0
----------------------------------------------------------
MA12-306 nsv nsv nsv 168.9 -47.3
----------------------------------------------------------
MA12-307 nsv nsv nsv 150.0 -65.0
----------------------------------------------------------
MA12-308 6.0 86.0 80.0 174.2 -49.6
----------------------------------------------------------
including 25.0 86.0 61.0
----------------------------------------------------------
MA12-309 56.0 68.0 12.0 157.2 -55.8
----------------------------------------------------------
MA12-310 28.8 43.0 14.2 123.1 -46.9
----------------------------------------------------------
MA12-311 11.0 66.0 55.0 180.8 -49.8
----------------------------------------------------------
MA12-312 32.0 53.8 21.8 219.2 -59.4
----------------------------------------------------------
including 43.0 49.0 6.0
----------------------------------------------------------
MA12-313 0.7 90.0 89.3 153.6 -48.2
----------------------------------------------------------
MA12-314 10.0 52.0 42.0 160.0 -50.0
----------------------------------------------------------
MA12-315 89.0 125.0 36.0 136.7 -44.4
-----------------------------------------------------------
167.0 191.0 24.0
----------------------------------------------------------
MA12-316 nsv nsv nsv 170.0 -50.0
----------------------------------------------------------
MA12-317 5.0 35.0 30.0 178.3 -68.6
----------------------------------------------------------
MA12-318 8.0 34.0 26.0 161.6 -49.7
----------------------------------------------------------
MA12-319 48.0 57.0 9.0 160.0 -53.0
----------------------------------------------------------
MA12-320 47.0 71.0 24.0 163.0 -56.4
----------------------------------------------------------
MA12-321 nsv nsv nsv 150.8 -53.2
----------------------------------------------------------
MA12-322 121.0 160.0 39.0 142.0 -55.8
----------------------------------------------------------
MA12-323 10.0 75.0 65.0 163.7 -61.5
----------------------------------------------------------
including 10.0 41.0 31.0
----------------------------------------------------------
123.0 125.0 2.0
----------------------------------------------------------
MA12-324 3.5 82.0 78.5 180.8 -54.5
----------------------------------------------------------
MA12-325 27.0 60.5 33.5 157.1 -58.5
----------------------------------------------------------
MA12-326 86.0 272.0 186.0 0.0 0.0
----------------------------------------------------------
including 165.0 253.0 88.0
----------------------------------------------------------
MA12-327 6.0 151.0 145.0 116.6 -48.2
----------------------------------------------------------
including 74.0 151.0 77.0
----------------------------------------------------------
MA12-328 nsv nsv nsv 155.1 -43.1
----------------------------------------------------------
MA12-329 nsv nsv nsv 181.1 -53.0
----------------------------------------------------------
MA12-330 21.0 204.0 183.0 170.2 -61.6
----------------------------------------------------------
including 169.0 204.0 35.0
----------------------------------------------------------
MA12-331 51.0 99.0 48.0 159.3 -47.2
----------------------------------------------------------
MA12-332 5.0 43.0 38.0 157.1 -61.1
----------------------------------------------------------
MA12-333 64.0 218.0 154.0 192.4 -64.9
----------------------------------------------------------
including 106.0 168.0 62.0
----------------------------------------------------------
MA12-334 6.0 36.0 30.0 179.6 -45.1
----------------------------------------------------------
MA12-335 64.0 85.0 21.0 161.2 -39.6
----------------------------------------------------------
MA12-336 10.0 88.0 78.0 162.0 -50.8
----------------------------------------------------------
MA12-337 21.0 77.0 56.0 106.4 -56.2
----------------------------------------------------------
MA12-338 78.0 162.0 84.0 182.6 -49.5
----------------------------------------------------------
including 90.0 149.0 59.0
----------------------------------------------------------
MA12-339 60.0 132.0 72.0 169.6 -50.0
----------------------------------------------------------
MA12-340 4.0 209.0 205.0 149.8 -54.5
----------------------------------------------------------
including 126.0 209.0 83.0
----------------------------------------------------------
249.0 324.0 75.0
----------------------------------------------------------
MA12-341 9.5 38.0 28.5 139.7 -45.8
----------------------------------------------------------
MA12-342 324.0 329.0 5.0 149.3 -49.6
----------------------------------------------------------
MA12-343 181.0 219.0 38.0 197.1 -47.0
----------------------------------------------------------
236.0 263.0 27.0
----------------------------------------------------------
MA12-344 8.8 57.0 48.2 163.1 -54.0
----------------------------------------------------------
MA12-345 14.0 54.0 40.0 105.7 -51.8
----------------------------------------------------------
MA12-346 191.0 214.0 23.0 153.4 -50.8
----------------------------------------------------------
MA12-347 131.0 175.0 44.0 114.9 -47.5
----------------------------------------------------------
260.7 274.0 13.3
----------------------------------------------------------
422.0 425.0 3.0
----------------------------------------------------------
MA12-348 nsv nsv nsv 160.4 -45.3
----------------------------------------------------------
MA12-349 85.0 97.0 12.0 158.2 -50.4
----------------------------------------------------------
144.0 167.0 23.0
----------------------------------------------------------
MA12-350 50.0 88.0 38.0 149.4 -39.6
----------------------------------------------------------
187.0 232.0 45.0
----------------------------------------------------------
MA12-351 65.0 149.0 84.0 148.4 -54.5
----------------------------------------------------------
MA12-352 175.0 251.0 76.0 114.9 -47.5
----------------------------------------------------------
384.0 446.0 62.0
----------------------------------------------------------
MA12-353 427.0 580.0 153.0 172.6 -56.7
----------------------------------------------------------
MA12-354 nsv nsv nsv 157.9 -52.5
----------------------------------------------------------
MA12-355 178.0 220.0 42.0 168.9 -49.5
----------------------------------------------------------
MA12-356 nsv nsv nsv 184.0 -56.6
----------------------------------------------------------
MA12-358 327.0 373.0 46.0 178.6 -47.9
----------------------------------------------------------
528.0 577.0 49.0
----------------------------------------------------------
MA12-360 80.0 102.0 22.0 159.1 -45.5
----------------------------------------------------------
MA12-366 9.6 15.0 5.4 145.8 -63.0
----------------------------------------------------------
120.0 135.0 15.0
----------------------------------------------------------
True Width and Depth Below Surface Calculated from Azimuth
and Dip of Hole.


-------------------------------------------------------
Drill Est. True From To(Depth Total Grade
Hole Thickness Depth Below Length 40 gpt
(metres) Below Surface of Hole Capped
Surface (metres)) (m) (gpt
(metres)) gold)
-------------------------------------------------------
MA12-291 2.1 93.0 95.1 407.0 20.05
-------------------------------------------------------
MA12-293 61.0 57.4 127.7 512.0 0.91
-------------------------------------------------------
MA12-297 17.6 99.9 118.0 350.0 1.04
-------------------------------------------------------
23.2 144.2 167.9 2.05
-------------------------------------------------------
MA12-295 55.5 162.1 218.0 449.0 0.74
-------------------------------------------------------
including 29.6 162.1 191.9 1.21
-------------------------------------------------------
MA12-298 48.9 39.6 89.6 269.0 0.99
-------------------------------------------------------
8.4 190.4 199.0 1.54
-------------------------------------------------------
MA12-299 35.1 84.4 119.7 200.0 3.40
-------------------------------------------------------
including 4.5 88.9 93.4 24.75
-------------------------------------------------------
MA12-300 nsv nsv nsv 242.0 nsv
-------------------------------------------------------
MA12-301 72.4 24.4 97.8 251.0 0.60
-------------------------------------------------------
MA12-302 28.9 51.4 82.3 290.0 1.05
-------------------------------------------------------
9.9 143.5 154.1 1.79
-------------------------------------------------------
MA12-303 7.2 8.8 16.0 110.0 1.44
-------------------------------------------------------
MA12-304 -0.7 4.7 8.5 83.0 1.68
-------------------------------------------------------
MA12-305 52.2 4.7 72.0 251.0 0.58
-------------------------------------------------------
including 10.1 37.8 50.9 2.15
-------------------------------------------------------
MA12-306 nsv nsv nsv 50.0 nsv
-------------------------------------------------------
MA12-307 nsv nsv nsv 131.0 nsv
-------------------------------------------------------
MA12-308 60.1 4.6 65.5 161.0 0.89
-------------------------------------------------------
including 45.9 19.0 65.5 1.10
-------------------------------------------------------
MA12-309 9.8 46.3 56.2 69.5 1.08
-------------------------------------------------------
MA12-310 7.7 21.0 31.4 110.0 1.11
-------------------------------------------------------
MA12-311 40.4 8.4 50.4 251.0 1.10
-------------------------------------------------------
MA12-312 11.0 27.5 46.3 152.0 2.49
-------------------------------------------------------
including 3.0 37.0 42.2 8.21
-------------------------------------------------------
MA12-313 65.3 0.5 67.1 221.0 0.87
-------------------------------------------------------
MA12-314 32.1 7.7 39.8 74.0 0.48
-------------------------------------------------------
MA12-315 22.2 62.3 87.5 272.0 0.80
-------------------------------------------------------
14.8 116.8 133.6 0.83
-------------------------------------------------------
MA12-316 nsv nsv nsv 36.5 nsv
-------------------------------------------------------
MA12-317 27.2 4.7 32.6 35.0 1.56
-------------------------------------------------------
MA12-318 19.8 6.1 25.9 110.0 1.06
-------------------------------------------------------
MA12-319 7.2 38.3 45.5 149.0 0.61
-------------------------------------------------------
MA12-320 20.0 39.1 59.1 221.0 1.09
-------------------------------------------------------
MA12-321 nsv nsv nsv 131.0 nsv
-------------------------------------------------------
MA12-322 29.7 100.1 132.3 230.0 1.01
-------------------------------------------------------
MA12-323 57.1 8.8 65.9 140.0 0.70
-------------------------------------------------------
including 27.2 8.8 36.0 1.18
-------------------------------------------------------
1.8 108.1 109.9 7.14
-------------------------------------------------------
MA12-324 61.5 2.8 66.8 173.0 0.58
-------------------------------------------------------
MA12-325 28.3 23.0 51.6 230.0 1.17
-------------------------------------------------------
MA12-326 157.1 73.3 231.9 380.0 0.68
-------------------------------------------------------
including 74.3 140.7 215.7 1.14
-------------------------------------------------------
MA12-327 71.8 4.5 112.6 260.0 0.67
-------------------------------------------------------
including 38.1 55.2 112.6 1.02
-------------------------------------------------------
MA12-328 nsv nsv nsv 80.0 nsv
-------------------------------------------------------
MA12-329 nsv nsv nsv 155.0 nsv
-------------------------------------------------------
MA12-330 160.3 18.5 179.4 341.0 0.65
-------------------------------------------------------
including 30.7 148.7 179.4 1.24
-------------------------------------------------------
MA12-331 35.0 37.4 72.6 131.0 0.60
-------------------------------------------------------
MA12-332 33.0 4.4 37.6 200.0 1.52
-------------------------------------------------------
MA12-333 123.8 58.0 197.4 251.0 0.57
-------------------------------------------------------
including 49.8 96.0 152.1 1.06
-------------------------------------------------------
MA12-334 20.6 4.3 25.5 37.0 1.72
-------------------------------------------------------
MA12-335 13.4 40.8 54.2 101.0 1.95
-------------------------------------------------------
MA12-336 60.4 7.7 68.2 120.5 1.04
-------------------------------------------------------
MA12-337 24.2 17.5 64.0 290.0 0.97
-------------------------------------------------------
MA12-338 60.9 59.3 123.2 260.0 1.02
-------------------------------------------------------
including 42.8 68.4 113.3 1.41
-------------------------------------------------------
MA12-339 55.0 46.0 101.1 242.0 0.98
-------------------------------------------------------
MA12-340 161.1 3.3 170.2 410.0 0.92
-------------------------------------------------------
including 65.2 102.6 170.2 1.65
-------------------------------------------------------
58.9 202.7 263.8 0.73
-------------------------------------------------------
MA12-341 18.5 6.8 27.2 131.0 1.44
-------------------------------------------------------
MA12-342 3.7 246.7 250.5 329.0 4.34
-------------------------------------------------------
MA12-343 23.5 132.4 160.2 299.0 1.18
-------------------------------------------------------
16.7 172.6 192.3 1.27
-------------------------------------------------------
MA12-344 39.0 7.1 46.1 230.0 1.39
-------------------------------------------------------
MA12-345 16.0 11.0 42.4 110.0 0.95
-------------------------------------------------------
MA12-346 17.5 148.0 165.8 251.0 0.70
-------------------------------------------------------
MA12-347 20.8 96.6 129.0 431.0 0.85
-------------------------------------------------------
6.3 192.2 202.0 2.14
-------------------------------------------------------
1.4 311.1 313.3 5.49
-------------------------------------------------------
MA12-348 nsv nsv nsv 88.4 nsv
-------------------------------------------------------
MA12-349 9.2 65.5 74.7 260.0 1.27
-------------------------------------------------------
17.6 111.0 128.7 0.96
-------------------------------------------------------
MA12-350 23.3 31.9 56.1 392.0 0.84
-------------------------------------------------------
27.6 119.2 147.9 1.07
-------------------------------------------------------
MA12-351 65.5 52.9 121.3 233.0 1.09
-------------------------------------------------------
MA12-352 35.9 129.0 185.1 446.0 1.00
-------------------------------------------------------
29.3 283.1 328.8 0.99
-------------------------------------------------------
MA12-353 126.8 356.9 484.8 620.0 1.05
-------------------------------------------------------
MA12-354 nsv nsv nsv 209.0 nsv
-------------------------------------------------------
MA12-355 31.9 135.4 167.3 350.0 1.13
-------------------------------------------------------
MA12-356 nsv nsv nsv 103.0 nsv
-------------------------------------------------------
MA12-358 33.2 242.6 276.8 752.0 0.96
-------------------------------------------------------
35.3 391.8 428.1 1.06
-------------------------------------------------------
MA12-360 15.6 57.1 72.8 135.5 1.53
-------------------------------------------------------
MA12-366 4.5 8.6 13.4 329.0 0.90
-------------------------------------------------------
12.6 106.9 120.3 1.38
-------------------------------------------------------
True Width and Depth Below Surface Calculated from Animuth
and Dip of Hole.


-****-


About Prodigy Gold: Prodigy Gold Inc. (PDG: TSX.V) is currently evaluating the development of the Magino mine gold project in Ontario as an open-pit mining opportunity with the potential for deeper, higher grade gold production. The Magino project contains Indicated gold resources of 2,176,000 ounces grading 1.00 gpt gold (67.6 million tonnes), and 1,721,000 ounces of Inferred gold resources grading 0.99 gpt gold (54.2 million tonnes) at a cut off grade of 0.35 gpt gold. A Preliminary Economic Assessment (PEA) shows a pre-tax NPV of $939 million and an IRR of 36% using a 5% discount rate for the project (see Press Release dated December 22, 2011 and technical report available on SEDAR or Prodigy's web site). The proposed operation would have total gold production of 2,614,000 ounces and an average annual gold output of 249,300 ounces a year during an eleven year project life. Please note: mineral resources that are not mineral reserves do not have demonstrated economic viability. The PEA is preliminary in nature and includes Inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the preliminary assessment will be realized.

A full feasibility study for the proposed open pit mining project at Magino is scheduled for completion in 2012. Bringing the Magino mine project through the feasibility process and towards production, is a catalyst to growing Prodigy Gold and building substantial value for Prodigy shareholders: Today's Discovery, Tomorrow's Future.


To view the graphic: Drill hole location map, Magino mine gold project, Ontario, please click on the following link:
http://www.usetdas.com/pr/prodigy06282012002.jpg



All scientific and technical information for the Magino project has been reviewed and approved by Tom Pollock, P.Geo., Prodigy Gold's Vice President - Exploration, who is a qualified person under the definitions established by National Instrument 43-101. Drill core at Magino is boxed, covered, and sealed at the drill rig and moved to the Prodigy logging and sample preparation facilities by Prodigy Gold personnel. The core is then split down the centre using a typical table fed circular rock saw normally at one metre intervals. One half of the core is sent for assay to Actlabs, 33 Iroquois Road, Timmins, ON, P4N 7C5, while the other half is returned to the core box and stored at Prodigy's sampling facility in a secure, fenced off, area. Prodigy QA/QC procedures include the regular use of blanks, standards and duplicate samples in addition to sending 10% of the samples off to a second lab for check assays. Samples assaying > 3.0 gpt gold are automatically re-assayed by the metallic screen method. Gold assays greater than 40 gpt are capped at 40 gpt when calculating composite intervals in drill holes. Drill holes are directed as much as possible perpendicular to the strike and dip of the mineralization at Magino. As a rough estimate the true thickness of the above intercepts is approximately 76%.

On behalf of the Board of Directors
Brian J. Maher
President and Chief Executive Officer

FOR FURTHER INFORMATION, PLEASE CONTACT:
Prodigy Gold Incorporated
Email: ir@prodigygold.com
Website: www.prodigygold.com
tel.: 1-604-688-9006 Fax: 1-604-688-9029


Prodigy Gold Inc. was recognized as a TSX Venture 50(r) company in 2012.
TSX Venture 50 is a trade-mark of TSX Inc. and is used under license.

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements relating to the potential mineralization and geological merits of the Magino mine property and other future plans, objectives or expectations of Prodigy Gold Incorporated (the "Company") are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view this press release as a webpage, please click on the following link: http://www.usetdas.com/pr/prodigy06282012.htm



Source: Prodigy Gold Inc. (TSX-V: PDG) http://www.www.prodigygold.com
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