Prophecy Development Corp.
(formerly Prophecy Coal Corp.)

Prophecy Development Corp. engages in the exploration and development of mining properties and energy projects in Canada, Mongolia, and Bolivia. The company explores for coal, silver, lead, and zinc. Its principal properties include the Ulaan Ovoo Property covering approximately 790 hectares located in Selenge province, Northern Mongolia; the Chandgana Tal coal property located in the Nyalga coal basin, Mongolia; the Khavtgai Uul coal property comprising approximately 1,636 hectares located in the Nyalga coal basin, Mongolia; and Pulacayo project comprising various licenses located in south western Bolivia. The company was formerly known as Prophecy Coal Corp. and changed its name to Prophecy Development Corp. in January 2015. Prophecy Development Corp. is headquartered in Vancouver, Canada.

INCORPORATED: in British Columbia Nov. 6, 1978, as Banbury Gold Mines Ltd.; name changed to Enerwaste Minerals Corp. July 3, 1992; to Universal Gun-Loc Industries Ltd. Dec. 17, 1993; to UGL Enterprises Ltd. Apr. 24, 2002; to Red Hill Energy Inc. May 29, 2006; and to Prophecy Resource Corp. Apr. 16, 2010, in connection with a plan of arrangement involving the company, its securityholders, Prophecy Resource Corp. (Old Prophecy) and its securityholders, and Elissa Resources Ltd., a wholly owned subsidiary of the company. Name changed from Prophecy Resource Corp. to Prophecy Coal Corp. June 14, 2011; and to Prophecy Development Corp. Jan. 5, 2015. Under the plan of arrangement, which was completed on Apr. 16, 2010, the company transferred Canadian Dollar 1,000,000 and its non-coal assets to Elissa in exchange for that number of Elissa Common shares which was equal to the number of shares of the company issued and outstanding multiplied by 0.25; the Elissa Common shares were distributed to the company's shareholders; the company created a new class of shares, the Class A shares; shareholders of the company received 0.92 Class A share for each Common share of the company and shareholders of Old Prophecy received one Class A share for each Common share of Old Prophecy; each stock option and warrant of the company was amended to entitle the holder to receive 0.92 Class A share and each stock option or warrant of Old Prophecy was exchanged for an option or warrant to acquire one Class A share; and Old Prophecy amalgamated with 0875512 B.C. Ltd., a wholly owned subsidiary of the company, to form Prophecy Holdings Inc. The company issued 29,984,866 shares as consideration for 100% of the outstanding share capital of Old Prophecy. Old Prophecy was incorporated in British Columbia Feb. 9, 2006.


0912601 B.C. Ltd.
0912603 B.C. Ltd.
Chandgana Coal LLC
Prophecy Power Generation LLC
Red Hill Mongolia LLC

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