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Prophecy’s Accomplishments in 2019 and Objectives in 2020

January 8, 2020 GMT
VANCOUVER, BC / ACCESSWIRE / January 8, 2020 / Prophecy Development Corp. ("Prophecy" or the "Company") (TSX:PCY)(OTCQX:PRPCF)(Frankfurt:1P2N)Dear Investors,Prophecy had an outstanding 2019. We bolstered our silver-focused technical team by recruiting ...
VANCOUVER, BC / ACCESSWIRE / January 8, 2020 / Prophecy Development Corp. ("Prophecy" or the "Company") (TSX:PCY)(OTCQX:PRPCF)(Frankfurt:1P2N)Dear Investors,Prophecy had an outstanding 2019. We bolstered our silver-focused technical team by recruiting ...

VANCOUVER, BC / ACCESSWIRE / January 8, 2020 / Prophecy Development Corp. (“Prophecy” or the “Company”) (TSX:PCY)(OTCQX:PRPCF)(Frankfurt:1P2N)

Dear Investors,

Prophecy had an outstanding 2019. We bolstered our silver-focused technical team by recruiting two mining engineers to the Board of Directors: Marc Leduc (formerly president of Bear Creek Mining) and Ron Clayton (formerly CEO of Tahoe Resources). We recruited a CEO: Mike Doolin, who earlier commissioned three mines at Klondex Mines Ltd (acquired by Hecla in 2018). Finally (as far as hires go), Prophecy hired two full time geologists to work at Pulacayo and scout out regional projects. Otherwise,

We believe Pulacayo is one of the very few first-tier silver deposits not owned by a mining major.

However, this doesn’t mean we are standing still. To the contrary: we have already set out to achieve our two major 2020 objectives: increasing in-situ Pulacayo silver ounces and increasing investor awareness.

We will accomplish those two major objectives by

Prophecy has the best team for taking Pulacayo to new heights.

We look to build investor confidence by executing our plans and thriving in Bolivia, a country which we believe will be one of most attractive South American mining investment destinations going forward. Bolivia is looking past Evo Morales era and readying itself to re-engage with international mining investors to develop its high potential mining projects.

The US election in November 2020 almost ensures policies of fiscal expansion and monetary easing in the next 12 months, which means now is the ideal time to invest in gold and silver mining companies. We think there is a good chance of seeing gold and silver prices continuing to rise towards their 2011 highs.

I invite all to be part of this exciting journey, be it as shareholders, technology partners, project financers, or product concentrate off-takers. We look forward to hearing from you.

Yours sincerely,

John Lee, Executive Chairman

and

Michael Doolin, Chief Executive Officer

The technical contents of this news release have been prepared under the supervision of Danniel Oosterman, VP Exploration. Mr. Oosterman is not independent of the Company in that he is employed by it. Mr. Oosterman is a Qualified Person (“QP”) as defined in the NI 43-101 guidelines.

About Prophecy

Prophecy is developing premier Pulacayo silver project in Bolivia. Further information on Prophecy can be found at www.prophecydev.com.

PROPHECY DEVELOPMENT CORP.

ON BEHALF OF THE BOARD

“Michael Doolin”

Chief Executive Officer

For more information about Prophecy, please contact Investor Relations:

+1.604.569.3661 ext. 101

www.prophecydev.com

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Prophecy Development Corp.

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