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Drilling Commences at Mt Gibson

Publié le 14 mai 2007

Media Release

14 May 2007

DRILLING COMMENCES AT MT GIBSON

Prosperity Resources Limited (ASX: PSP) are pleased to announce that aircore drilling has commenced at Mt Gibson South (PSP 100%). ? The programme is to identify the geology of a large aeromagnetic target, thought to be evidence of a remnant 'greenstone' belt in a region where strong structural complexity has been recognised.

Prosperity Resources Ltd's Managing Director, Mr Ric Dawson said? " There hasn't been any historical drilling in the near vicity of this newly identified potential 'greenstone' belt.? Previously the area was considered as granites under a veneer of soil cover but subsequent aeromagnetic surveys have identified magnetic anomalies which appear to indicate a 'greenstone' belt."

To read the complete Media Release on 14 May 2007, please go to the website and download (635kb).

For further information contact:

Ric Dawson (B) +61 8 9322 5872
Managing Director (M) +61 0418 892 128

Prosperity Resources
Level 9, 190 St Georges Terrace Perth, Western Australia 6000
Phone: (+618) 9322 5872 Fax: (+618) 9322 5988 Email: info@prosperity.net.au

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