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Message: Re: Goldstream

Sep 24, 2012 09:13AM

Sep 24, 2012 09:28AM

In essence, last year Prodigy turned over its exploration properties in the Beardmore-Geraldton region to another junior (Exco/Goldstream) in order to maintain some exposure to the area in which we had previously pinned so much hope (ha ha) while reducing or eliminating our risk of exploration capital. BG is now simply an "investment" which we can increase or decrease according to the circumstances (read: drill results).

Prodigy Files Early Warning Report

September 24, 2012

Vancouver, British Columbia, September 24, 2012 – Prodigy Gold Inc. (PDG: TSX.V) ("Prodigy") has acquired beneficial ownership and control of 10,764,458 common shares (the "Shares") of Goldstream Minerals Inc. (formerly Brea Resources Corp.) ("Goldstream"), representing 23.6% of Goldstream's issued and outstanding common shares, based on 45,582,481 shares of Goldstream outstanding, as advised by Goldstream.

The Shares were issued to Prodigy by way of share exchange, in connection with the completion of the transaction involving Goldstream and Goldstream Exploration Ltd. ("Exco"), a wholly-owned subsidiary of Goldstream, as disclosed in Goldstream's news release dated September 21, 2012, and in connection with the exercise by Exco of its option to acquire certain mineral exploration properties from Prodigy pursuant to an option agreement between Prodigy and Exco, as disclosed in Prodigy's news release dated October 19, 2011. The Shares were acquired pursuant to the exemption from the prospectus requirement in section 2.11 of National Instrument 45-106 Prospectus and Registration Exemptions. After giving effect to this acquisition, Prodigy beneficially owns and controls 10,764,458 common shares of Goldstream.

As disclosed in Goldstream's filing statement, filed on SEDAR on August 21, 2012, Prodigy is a party to a "surplus security escrow agreement" with Goldstream and certain other shareholders of Goldstream, pursuant to which the Shares are held in escrow by a third party and released in stages over the course of 36 months. Five percent of the Shares were released from escrow September 21, 2012.

Prodigy acquired the Shares for investment purposes. Prodigy intends to evaluate its investment in Goldstream and to increase or decrease its shareholdings from time to time as it may determine appropriate for investment purposes.

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