Prophecy Reports 2.08 Million Tonnes of Indicated Resource Grading: 455 g/t Silver, 3.19% Zinc, 2.18% Lead (594 g/t Ag Eq.) for Pulacayo Project

Prophecy Development (“Prophecy” or the “Company”) (TSX:PCY, OTCQX:PRPCF,Frankfurt:1P2) has received an independent technical report with an effective date of October 20, 2017 titled “Updated Mineral Resource Estimate and Technical Report for the Pulacayo Project” (the “Report”).

The Report was prepared by Mercator Geological Services Limited (“Mercator”) on the Company’s Pulacayo project (the “Project”) and has been filed under the Company’s profile on the System for Electronic Document Analysis and Retrieval (“SEDAR”) at www.sedar.com.

The Project is located in Bolivia, 107 km northeast of Sumitomo Corporation’s San Cristobal silver mine, 185 km southwest of Coeur Mining’s San Bartolome silver mine, and 139 km north of Pan American Silver’s San Vicente silver mine.

The Report describes resources estimated following the guidelines of the CIM Definition Standards for Mineral Resources and Mineral Reserves.

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