Prosper Gold Corp. announced a non-brokered private placement financing of up to $4.0 million, through the issuance of units of the company at a price of $0.50 per Unit. The company also announced that it has appointed Mr. Thomas J. Obradovich as Senior Advisor to the Board.

With more than 30 years' experience in mining exploration, development and financing he was one of the key players behind Aurelian Resources Inc. which discovered the Fruta Del Norte gold deposit in Ecuador and also co-founded Canadian Royalties Inc. which discovered and developed the Raglan south nickel belt. He acquired most of the Matachewan gold camp and through a reverse takeover of Young-Davidson Mines Ltd., upgraded and doubled the resource which was subsequently acquired by Northgate Minerals in 2005. Tom is a graduate of the Haileybury School of Mines in mining technology and advanced field geophysics.