Prophecy Coal Announces Results of AGM

Vancouver, British Columbia, June 19, 2014 – Prophecy Coal Corp. (“Prophecy” or the “%pany”) (TSX:PCY, OTCQX:PRPCF, Frankfurt:1P2) is pleased to announce that all proposed resolutions were approved at the %pany’s Annual General Meeting of shareholders held on June 19, 2014 in Vancouver, British Columbia (the “Meeting”). The number of directors was set at five and all director nominees, as listed in the Management Information Circular dated May 1, 2014 (the “Information Circular”), were elected as directors of the %pany at the Meeting to serve until the next annual general meeting. According to the proxies received and voted at the Meeting, the results were as follows:

Notes:
(1) There were 15,086,068 non-votes reported by the Scrutineer of the Meeting in respect of the above motion.
(2) The percentages reported in this news release are calculated on the votes cast in person and by proxy at the Meeting which total 28,360,402 with respect to the above motion.

Davidson & %pany LLP, Chartered Accountants have been appointed as auditors of the %pany for the ensuing year and the directors have been authorized to fix their remuneration.

Ordinary resolutions of the disinterested shareholders of the %pany were approved with respect to the: (i) adoption of a Share-Based %pensation Plan; (ii) the issuance of up to 2,541,065 debt settlement units to some of the %pany’s directors, officers, employees and consultants at a price of $0.075 per debt settlement unit; and (iii) the repricing of 3,250,000 incentive stock options exercisable at $0.065 granted to directors and officers of the %pany, as previously announced by the %pany on May 2, 2014.

An ordinary resolution of shareholders of the %pany was approved with respect to amendments to the Articles of the %pany to add advance notice provisions (the “Advance Notice Provisions”).

A copy of the %pany’s amended Articles of incorporation containing the Advance Notice Provisions is available under the %pany’s profile on SEDAR at www.sedar.% and for viewing by shareholders at the registered and records office of the %pany during regular business hours Monday through Friday.

Voting results for all resolutions noted above are reported in the Report on Voting Results as filed on SEDAR on June 19, 2014.

About Prophecy Coal

Prophecy Coal Corp. is a Canadian %pany listed on the Toronto Stock Exchange engaged in developing energy projects in Mongolia. Further information on Prophecy Coal can be found at www.prophecycoal.%.

PROPHECY COAL CORP.
ON BEHALF OF THE BOARD

“JOHN LEE”
Executive Chairman

For more information about Prophecy, please contact Investor Relations:

Mirza Rahimani
+1.604.563.0699 +1.888.513.6286
investorrelations@prophecycoal.%
www.prophecycoal.%