Prophecy Development Corp. (Prophecy or the Company) provided a project update for its Gibellini vanadium project, located in Eureka County, Nevada, USA. The Company's objective for 2019 is to continue advancing its vanadium project towards development and production. Gibellini is the most advanced primary vanadium deposit in the United States, with a contained NI 43-101 compliant combined measured and indicated resource of 22.95 million tons at 0.286% V. The Gibellini vanadium project's objectives for 2019 are: Update all previous, and add all necessary, baseline studies to support Notice of Intent to initiate the EIS (Environmental Impact Statement), which will trigger the 12-month period review by the Bureau of Land Management (BLM) and Nevada Division of Environmental Protection (NDEP) under the new streamlined National Environmental Policy Act (NEPA) review process under Secretary of the Interior Order No. 3355; Update and complete a full feasibility study in 2019 based on all of the previous work done, with additional trade-off studies on economics and engineering to be completed this year. For example, the Company is also working to improve recovery optimization (currently averaging 62%) and higher vanadium pentoxide (V); Initiate drilling program of some high grade in-fill on the Gibellini deposit (approx. 3,000 feet) and bring the inferred resources of 6.83 Mt at Louie Hill into the measured and indicated category (100-200 feet spacing for another 12,000 to 15,000 feet of RC drilling), which would lead to a resource update in 2019. Drilling is anticipated to commence in March, during the first quarter of 2019.