NEWS RELEASE TSX.V PDG Grant of Incentive Stock Options

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Vancouver, British Columbia, August 29, 2012. Prodigy Gold Incorporated (the "Company") announces that it has granted a total of 3,225,000 incentive stock options, of which 2,900,000 options were granted to directors, officers and insiders of the Company, pursuant to the Company's stock option plan. The options are exercisable for a period of five (5) years at a price of $0.66 per share and shall vest as to 33