PPG

Prosperity Goldfields Corp. (the "Company" or "Prosperity") (TSX VENTURE:PPG)
reports the completion of a summer field program consisting of re-logging
diamond drill core and surveying of mineral claims at its Kiyuk Lake Property,
Nunavut. 


The Company undertook detailed re-logging of drill core to improve the
geological model of the Rusty Zone. Re-logging at Rusty concluded sulphide
abundance, not magnetite, typically correlates to gold concentration. Zones of
semi-massive sulphide infill, as veins or breccia, are the best indicator of
high gold grades. The sulphide halo, at Rusty, around the magnetite vein/infill
zones contains some of the highest grade gold intersected to date. Specifically,
within these sulphide halos, zones of sulphide replacement of host rock
sandstone fragments within breccia zones contain the highest grade gold
intersections. This pattern of magnetite rich breccia surrounded by a sulphide
rich infill halo is repeated at Cobalt, Amundsen and North Snake targets where
the flanks of magnetic anomalies correlate with greater sulphide concentration
and elevated gold grade. 


The re-logging observations, at Rusty, improved the gold mineralization model
and confirmed gold mineralization is open to the east-southeast and at depth.
This improved understanding will help to guide future drilling at Rusty and
other targets. 


Surveying of three mineral claims was completed for the conversion from mineral
claims to mineral leases. The Company has now completed all required
expenditures to maintain the Kiyuk Lake Property claims through to 2016. 


To date, the Company has completed 46 drill holes totaling 9,970m on the Kiyuk
Lake Property and has identified several target areas and showings that have not
yet been drill tested (http://media3.marketwire.com/docs/930ppg_map.pdf).
Previously released drill results can be found in Table 1 and 2
(http://media3.marketwire.com/docs/930ppg_tables.pdf). Property wide grid till
sampling coverage exists on the Kiyuk Lake Property and airborne magnetics and
gravity covers the Property block with detailed ground magnetic coverage in
selected areas. 


Other recent activities include discussions with companies to ascertain appetite
for joint venture participation to assist to fund future drilling. Prosperity's
technical team has also been reviewing exploration projects held by other
companies in a continuing search for additional projects of merit. No further
exploration programs are planned for 2013. 


The Company further announces its intention to restructure its share capital by
way of consolidation on a four (4) old shares for one (1) new share basis. 


Adrian Fleming RPGeo, MAusIMM(CP) is a Qualified Person and is responsible for
the technical content of this news release. 


Additional information can be viewed on the company web site at
www.prosperitygoldfields.com.


ON BEHALF OF THE BOARD OF PROSPERITY GOLDFIELDS CORP. 

Adrian Fleming, CEO and Director 

NEITHER THE 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 NEWS RELEASE.


This press release includes "forward-looking statements" including forecasts,
estimates, expectations and objectives for future operations that are subject to
a number of assumptions, risks and uncertainties, many of which are beyond the
control of Prosperity Goldfields Corp. Statements regarding mineral exploration
operations and objectives are subject to risk, including, but are not limited
to, exploration and geologic risk, inflation and costs of goods and services,
property title issues and regulatory approvals. Investors are cautioned that any
such statements are not guarantees of future performance and that actual results
or developments may differ materially from those projected in the
forward-looking statements. Such forward-looking information represents
management's best judgment based on information currently available. No
forward-looking statement can be guaranteed and actual future results may vary
materially. Prosperity Goldfields Corp. does not assume the obligation to update
any forward-looking statement, except as required by applicable law. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Prosperity Goldfields Corp.
Dwane Brosseau
Investor Relations
Toll Free: 1 855 237 6274 or Direct: 604 662 3380
info@prosperitygoldfields.com
www.prosperitygoldfields.com


Frontline Communications
Leo Karabelas
Mobile: 416 543 3120

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