Upon joint shareholder approvals, shares of Red Hill Energy will be converted to shares of Prophecy Resource Corp. at a ratio of  0.92 - 1 (please see Red Hill Energy News March 4, 2010)

As of 9:30 Am PST shares of Red Hill Energy were trading at $0.395 and shares of Prophecy Resource Corp are trading at $0.60.

Red Hill recently informed its shareholders that Rob McEwen has joined the Advisory Board of Prophecy Resource Corp.

Red Hill Energy is now pleased to report:

Prophecy estimates 49.0 Mt at 0.24% V inferred at Titan

2010-03-11 08:14 ET - News Release

Mr. John Lee reports

PROPHECY REPORTS INFERRED RESOURCE OF 259 MILLION LBS OF VANADIUM AT TITAN DEPOSIT IN ONTARIO

Prophecy Resource Corp. has received an updated technical report on its 80-per-cent-owned Titan vanadium property located at the Flett and Angus townships, 120 kilometres northeast of Sudbury, Ont.

The property is estimated to contain an inferred resource of 49.0 million tonnes at 0.24 per cent vanadium (0.43 per cent vanadium pentoxide), 14.82 per cent titanium dioxide and 48.09 per cent iron oxide. The estimate uses a cut-off grade of 40 per cent Fe2O3. The results of the independent resource estimate are summarized in the accompanying table.

MINERAL RESOURCE ESTIMATE FOR TITAN (at a cut-off of 40% Fe2O3)                   

                        

                        

                        

                                                      

                        

                        

                        

                        Resource    Tonnes     V      TiO2      V contained(1) TiO2 contained(1) 

                        

                        

                        

                        

Category (millions)   (%)      (%)             pounds            tonnes

                        

                        

                        

                        

                        

                        

                        

                        

Inferred     49.0     0.24    14.82       259,174,729         7,259,310

                        

                        

                        

                        

                        

                        

                        

                        

 (1) Metal recoveries were assumed to be 100 percent for both vanadium

                        

                        

                        

                        

    and titanium oxide. 

                        

                        

                        

                        

The updated report was completed by Mine Development Associates (MDA) on Feb. 26, 2010, and was prepared in accordance with National Instrument 43-101, standards of disclosure for mineral projects. The report provides an update to the report completed by MDA for Randsburg International Gold Corp. in 2006 and revised in February, 2007. The resource estimate at Titan is based on 38 drill holes completed between 2004 and 2006, totaling 10,307 metres, which were drilled to depths between 170 metres and 604 metres on a 50-metre grid.

The Titan vanadium property comprises 2,150 hectares. It is located within 2.5 kilometres of a high-voltage transmission line and within eight kilometres of a railway. Titan is amenable to open pit mining and has an overburden cover between zero and approximately 1.5 metres.

The Titan vanadium deposit has the potential to become an important world vanadium supplier. Vanadium constitutes the next wave of car battery technology and is currently valued at approximately $29 (U.S.) per kilogram ($13 (U.S.) per pound).

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