PDG Prodigy Gold Inc.

Prodigy Gold Incorporated (TSX VENTURE:PDG) is pleased to announce that it has
retained the services of CWA Engineers, Snowden Group and Knight Piesold as the
engineering team to prepare an updated National Instrument 43-101 compliant gold
resource estimate and Preliminary Economic Assessment (PEA) of its 100% owned
Magino Mine project located in Ontario. CWA will oversee the entire process,
concentrating on the PEA, costing and process facilities. Snowden will calculate
the resource estimate, conduct pit optimization studies, mine planning and
scheduling. Knight Piesold will focus on tailings and waste rock disposal as
well as environmental matters. Prodigy Gold and its engineering team are
evaluating the Magino Mine project as an open-pit mining opportunity with the
potential for deeper, higher grade gold production The resource estimate for
Magino will serve as the basis for the PEA, establishing the economic parameters
of mining operations. The PEA is anticipated to lead to a full feasibility
study, projected for 2012. The updated gold resource estimate is expected in
late February, 2011 with the PEA to follow in early April, 2011.


About CWA Engineers Inc.: CWA is a premier consulting engineering and project
management firm with a continuous track record of project success for its
industry leading clients. CWA has expertise in the planning and design of mine
site infrastructure including roads and access, power supply systems, water
supply systems, ROM stockpiling and crushing, process plant facilities, storage
and reclaim, truck and rail loading facilities, personnel facilities and site
wide utilities. CWA staff have managed feasibility studies, engineering,
equipment procurement, and construction in various successful mining projects in
remote sites in Northern Canada, the Arctic, Untied States, China, Africa and
Russia. The CWA head office is located in Burnaby, B.C., and has branch offices
in Kamloops, B.C. and Miami, Florida, USA.


About Snowden Group: Snowden is a premium provider of consulting services,
technology solutions and technical training to the mining industry and related
sectors. Snowden has extensive global experience in resource estimation for gold
and other commodities, and in undertaking mining studies from Preliminary
Economic Assessments through full Feasibility studies. Snowden's Vancouver
office will be group for the Magino Mine project. 


About Knight Piesold: Knight Piesold is an international consulting company
offering engineering and environmental services in mining, hydropower and water
resources industries. Knight Piesold has completed numerous mine waste/water
management designs and cost estimates, environmental impact assessments and
permitting for mining projects around the world. Knight Piesold Canada has
offices in Vancouver, British Columbia and North Bay, Ontario. 


About Prodigy Gold: Prodigy Gold Incorporated (TSX VENTURE:PDG) was created by
unifying the assets of two Canadian Junior exploration companies: Kodiak
Exploration Limited and Golden Goose Resources Inc. Prodigy is currently
evaluating the Magino Mine project in Ontario as an open-pit mining opportunity
with the potential for deeper, higher grade gold production The company is
producing a new N.I. 43-101 compliant resource estimate for Magino that will
serve as the basis for a Preliminary Economic Analysis (PEA), establishing the
economic parameters of an open pit mining operation. The PEA is expected to lead
to a full feasibility study, expected in 2012. Bringing the Magino Mine project
through the feasibility process and towards production, coupled with the
exploration potential of our Beardmore-Geraldton exploration properties, are the
catalysts to growing Prodigy Gold, building substantial value for Prodigy
shareholders: Today's Discovery, Tomorrow's Future.


The geological information for the Magino project has been reviewed and approved
by Quentin J. Browne, Prodigy Gold's Magino Project Manager, who is a qualified
person under the definitions established by National Instrument 43-101. Prodigy
Gold QA/QC procedures are as follows: Prodigy Gold channel samples are 5 cm wide
cut perpendicular to the strike of the vein and/or shear zone from mapped
alteration in the footwall continuously through the vein and/or shear zone and
into mapped alteration in the hanging wall. Channels are cut with a motorized
circular saw to a depth of 10 cm and removed with a hammer. Channel sample
spacing is nominally every 20m along strike, dependent on outcrop size and
geometry. Sample intervals are selected according to geologic contacts and
visible mineralization, placed into a sample bag, and shipped to the assay lab
for quantitative analysis of select elements. Prodigy Gold drill cores are split
down the center with a typical table feed circular rock saw or are split with a
hydraulic slitting device. Sample intervals are selected according to geologic
contacts, visible mineralization, and alteration, placed into sample bags and
shipped to the assay lab where they are quantitatively analyzed for select
elements. Drill cores are boxed, covered, and sealed at the drill rig and moved
to the Prodigy Gold logging and sample preparation facilities by Prodigy Gold
personnel. Prodigy Gold angle core holes are directed perpendicular to the
mapped dip of the vein therefore reported drill hole intercepts approximate true
thickness of the vein. All Prodigy Goild samples are currently being assayed by
Chemex ALS, 2090 Riverside Dr,Timmins, ON P4R 0A2. Blank and standard samples
are routinely submitted with all sample batches sent to the lab for assay.
Samples are routinely sent to other labs for additional checks.


On behalf of the Board of Directors

Brian J. Maher, President and Chief Executive Officer

This release may contain forward-looking statements or statements that relate to
programs that involve a number of risks and uncertainties. Actual events or
results could differ materially from the Company's expectations and projections.

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