PPG

Prosperity Goldfields Corp. (TSX VENTURE:PPG) (the "Company" or "Prosperity")
announces the mobilization of personnel to Kiyuk Lake, Nunavut in preparation
for the two-drill, 4000m winter drill program, previously discussed in a News
Release dated January 14, 2013: http://prosperitygoldfields.com/winter2013/.
Drilling is expected to commence in the next few days and assay results from the
first few holes are expected in early April.




The primary objectives of this program are:

--  Drilling at the Rusty Zone to expand and further define known gold
    mineralization; 
--  Testing an undrilled area directly up-ice of till samples showing
    anomalous number of pristine gold grains at the Cobalt target; 
--  Wildcat drilling at two new targets, Bancroft and Rasmussen, identified
    by 2012 prospecting; and 
--  Drilling at the Amundsen target will test for an extension to surface
    and along strike of known gold mineralization; 



"Our exploration team is excited to get started with another round of drilling
at Kiyuk Lake," commented Prosperity CEO, Adrian Fleming. "We believe that our
aggressive exploration approach will expand the gold deposit at Rusty, and also
establish additional gold zones at targets that were identified by the Summer
2012 exploration program."


The locations of the targets being tested in the upcoming program and the
possible number of holes at each target are shown in the following map:
http://media3.marketwire.com/docs/ppg227i.pdf


Following encouraging results from previous drilling, the focus of the upcoming
drill program is testing for extension of mineralization at the Rusty Zone that
in 2011 and 2012 returned intercepts including 37.8 m grading 4.18 g/t Au from
surface and 61.5m grading 3.34 g/t from 159 m (previously released May 7, 2012:
http://prosperitygoldfields.com/prosperity-goldfields-reports-61-5-m-at-3-3-gt-au-including-15-0-m-at-6-7-gt-au-from-core-drilling-at-rusty-zone-kiyuk-lake-nunavut/).


While drilling will continue to work towards defining a resource at the Rusty
Zone, drilling is also planned for, in order of priority, the Bancroft and
Rasmussen showings, and Cobalt and Amundsen Zones.


The Bancroft and Rasmussen showings are new drill targets identified during the
summer of 2012. The Bancroft showing was highlighted by detailed grid till
sampling that outlined a well-defined gold-in-till dispersal ribbon extending in
a southwest direction for 2000 m. This southwest oriented dispersion is
consistent with the direction of ice flow and till transport. Drilling will
focus at the northern limit or 'head' of the ribbon which is interpreted to
approximate the location of the bedrock source of the till anomaly. This
location coincides with surface boulder samples that range from below detection
limit and 6.7 g/t Au, and an undrilled chargeability anomaly. The gold values in
till samples at the head of the dispersal ribbon at Bancroft are of the same
magnitude as that found directly over the Rusty Zone.


The Rasmussen showing, also identified during prospecting in 2012, is defined by
gold mineralization in frost heaved boulders which are interpreted to have
undergone minimal glacial transport. Gold values in these boulders range from
0.1 to 6.9 g/t Au.


New gold grain results from till samples at the Cobalt Zone have defined a new
drill target. Drilling will test an area directly up-ice of a till samples with
a highly anomalous number of pristine gold grains (762 of 943 grains) and
several mineralized boulders with Au grades from below detection to 14 g/t Au.
One of the planned drill holes at Cobalt will test an undrilled chargeability
anomaly.


Drilling at the Amundsen Zone will test for an extension to surface and along
strike of the known gold mineralization (42.4 m grading 0.97 g/t Au) intersected
during drilling in 2012.


Technical Information

As with previous sampling programs conducted by Prosperity, a comprehensive
QA/QC program will be in place to track chain of custody of sample shipments,
and to monitor precision and accuracy of assay results. Analysis will be
completed by SGS laboratories, Red Lake, Ontario, at an ISO 9001 accredited
Laboratory.


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


Technical support for the drill program is being provided by CSA Global Canada
Geoscience Ltd.


Additional information including maps and cross sections displaying all drill
results 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

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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