Prophecy Platinum Corp. Joins OTCQX

NEW YORK, Aug. 10, 2011 /PRNewswire via COMTEX News Network/ --

OTC Markets Group Inc. (OTCQX: OTCM), the financial information and technology services company that provides the world's largest electronic marketplace for broker-dealers to trade unlisted stocks, announced that Prophecy Platinum Corp. (OTCQX: PNIKF; TSX.V: NKL), a mineral exploration company focusing on developing platinum palladium group metals and nickel sulphide projects, is now trading on the highest tier of the OTC market, OTCQX®.

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Prophecy Platinum began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.

"Investors prefer the quality-controlled admission process on OTCQX which identifies the segment of OTC companies focused on valuation and transparency," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome Prophecy Platinum to OTCQX."

Dorsey & Whitney LLP will serve as Prophecy Platinum's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.

About Prophecy Platinum Corp.

Prophecy Platinum Corp. (OTCQX: PNIKF; TSX.V: NKL) trades in the United States on OTCQX under the symbol "PNIKF." Prophecy Platinum Corp. is a mineral exploration company focusing on developing platinum palladium group metals and nickel sulphide projects. The company's flagship project is the Wellgreen PGM Nickel deposit in the Yukon Territory, as well as the Lynn Lake Nickel Copper project in Manitoba, five prospective claims in Uruguay and the Las Aguilas Nickel PGM deposit in Argentina.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks. Our OTC Link(TM) platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. In 2010, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest U.S. equity trading venue after NASDAQ and the New York Stock Exchange. We categorize the wide spectrum of OTC-traded companies into three tiers - OTCQX (the quality-controlled marketplace for investor friendly companies), OTCQB® (the U.S. reporting company marketplace for development stage companies), and OTC Pink(TM) (the speculative trading marketplace) - so investors can identify the level and quality of information companies provide. To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.

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SOURCE OTC Markets Group Inc.