Parlane Resource Corp. (TSX VENTURE:PPP) ("Parlane" or the "Company") is pleased
to announce that field crews have commenced work at the Big Bear property over
areas that were targeted for drilling during the 2011 exploration program.


The Big Bear property is located in the Omineca Mining Division, Nechako Plateau
in central British Columbia, approximately 100 kilometres south of Vanderhoof
and covers 14,366 hectares. It is located between two mineralized systems: New
Gold Inc.'s Blackwater and the Capoose properties. The Big Bear is highly
prospective for the discovery of similar epithermal, subvolcanic porphyry and
transitional mineralization.


New Gold Inc. reports measured and indicated mineral resources at Blackwater of
5.5 million ounces of gold and 28.5 million ounces of silver (www.newgold.com
news release March 7, 2012). Capoose's measured and indicated mineral resource
is reported as 0.4 million ounces of gold and 26.6 million ounces of silver
(www.newgold.com).


Big Bear field crews have started detailed geochemical sampling and preparing
for ground-based induced polarization geophysical surveys over prospective areas
that returned anomalous assays during the 2011 program. Gold assays from soil
samples collected in 2011 ranged from 628 parts per billion (ppb) to less than 1
ppb. Drilling is planned for select target areas and a BC Mines Act permit has
been issued to Parlane for this work. An extensive logging road network and
recent beetle-kill harvesting provide excellent access to the Big Bear project
area.


Ian Webster, P.Geo., is the Qualified Person as defined by National Instrument
43-101 who has reviewed and approved the contents of this release.


ON BEHALF OF THE BOARD

Robert Eadie, President, Chief Executive Officer and Director
Prospector Metals (TSXV:PPP)
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