Company Announcement

7 June 2007

PROSPERITY ACQUIRES LARGE POSITION IN RICH 'IOCG' TENNANT CREEK GOLDFIELD, NORTHERN TERRITORY

Prosperity Resources Limited (ASX:PSP) is pleased to announce that it has acquired a significant tenement package in the rich Tennant Creek Goldfield, Northern Territory.� The tenements total in excess of 220 square kilometres and contain a number of targets prospective for copper and gold.

Two (2) of the Exploration Licences are located between four (Warrego, White Devil, Orlando and Gecko) of the nine largest producing mines which have produced gold, copper and bismuth valued at over $6.5 billion at today's metal prices whilst the other Eleven (11) Exploration Licences lie in close proximity to the Pedo, Nobles Nob and Juno mines.

Re: INTERNATIONAL INSTITUTIONS� PARTICIPATE IN $5.0M PLACEMENT

The Board of Prosperity Resources Limited (ASX:PSP) wishes to advise that the Company has signed letter agreements with a group of 7 international institutions from the United Kingdom, China, Singapore, Australia and the USA to place 50,000,000 ordinary fully paid shares at 10 cent per share with a free attaching 1 for 2 option exercisable at 20 cents per share on or before 31 May 2009 which will raise $5,000,000.�

Detailed information can be viewed on our website.� Please press download to go to the website.

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

TO UNSUBSCRIBE FROM THIS NEWSLETTER CLICK HERE.

Prosperity Resources Ltd


	CODE : PSP.AX
	ISIN : AU000000PSP1

Follow and Invest

Add Alert	Add to Watchlists	Add to Portfolio	Add Note

Profile Market
Indicators VALUE :
Projects & res.Press
releases Annual
report RISK :
Asset profile Contact Cpy

Prosperity is based in Australia.

Prosperity holds various exploration projects in Australia.

Its main exploration properties are WOOLSHED, PAYNES FIND and YALGOO in Australia.

Prosperity is listed in Australia. Its market capitalisation is AU$ 687 850 as of today (US$ 517 332, € 463 581).

Its stock quote reached its highest recent level on October 01, 2010 at AU$ 0.28, and its lowest recent point on March 24, 2016 at AU$ 0.00.

Prosperity has 687 849 984 shares outstanding.

Legends
	Production
	Mine development
	Discovery
	Exploration
	Past producer
On Google Earth, click on the button, to show property information, and access to project page or company page.

Prosperity Resources Ltd

Acquires Large Position in Rich 'IOCG' TENNANT CREEK GOLDFIELD

Prosperity Resources Ltd