PPG

Prosperity Goldfields Corp. (the "Company" or "Prosperity") (TSX VENTURE:PPG) is
pleased to announce the commencement on July 15th of an exploration program on
its 100% owned Kiyuk Lake Gold Project, Nunavut (the "Property"). The field work
will consist of mapping and prospecting, plus sampling of surficial media for
geochemistry. This work, described in more detail below, will lead to an
improved understanding of the known mineralized zones within the Property area;
provide a basis for assessing the Property for other mineralized trends; and
prioritize new and existing targets that have not yet been drilled. Overall,
this program aims to develop a better Property wide foundation upon which to
continue an aggressive drilling program in early Spring 2013. 


"The upcoming summer field program will be the first time the new technical team
at Prosperity has had an opportunity to see the surface expression of the
multiple mineralized gold occurrences at Kiyuk Lake," commented Adrian Fleming,
Prosperity CEO. "It is also the first, comprehensive, systematic, property wide
geochemical survey since lake sediment sampling by the Canadian Geological
Survey in 1976 which ultimately lead to the initial discovery of mineralized
boulders on the property. We are eager to see the result of this activity." 


Surficial media sampling will be done in three phases: orientation till and soil
sampling over known gold zones, regional till sampling across the entire
property, and detailed till grid sampling over existing gold discoveries and
untested drill targets. The results of the orientation study will provide
important geochemical fingerprint(s) over known gold zones and provide a basis
for assessing the results of the property wide sampling program. The regional
sampling will consist of collecting till samples at sites spaced 1km apart
throughout the entire Property. Given the lack of outcrop, this Property-wide
coverage is instrumental in focusing prospecting efforts and identifying new
mineralized trends within the large land package. These samples will be analyzed
in the field using a hand-held XRF for pathfinder elements such as Arsenic,
which will allow for prospecting teams to be deployed efficiently. Additionally,
surficial materials over other prospects with mineralized boulders will be
sampled to help identify the bedrock source.


Mapping and prospecting will focus initially on utilizing new ground magnetic
survey results in order to improve our understanding of the lithologic and
structural controls on mineralization within the known zones (Rusty, Cobalt,
Gold Point, & Amundsen). This will allow for effective placement of future drill
holes. Additional prospecting would be based on results of the regional till
sampling as well as structural zones of interest interpreted from airborne
magnetic data. 


The company will not be undertaking field work on its Yukon property this year.
Adrian Fleming, RPGeo, is a qualified person and is responsible for the
technical content of this press release.


ON BEHALF OF THE BOARD OF PROSPERITY GOLDFIELDS CORP.

Adrian Fleming, CEO and Director

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.

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