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Prosperity Goldfields Extends Warrants

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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 24, 2012) - Prosperity Goldfields Corp. ("Prosperity") (TSX VENTURE:PPG) announces that it has received conditional acceptance from the TSX Venture Exchange to extend the term of 5,000,000 warrants (previously issued November 5, 2010) from November 5, 2012 to November 5, 2013. The warrants remain exercisable at $0.25 per share.

Additional information about Prosperity and its projects can be viewed on Prosperity's website at www.prosperitygoldfields.com.

ON BEHALF OF THE BOARD OF PROSPERITY GOLDFIELDS CORP.

Adrian Fleming, CEO and Director

FOR FURTHER INFORMATION PLEASE CONTACT:
Prosperity Goldfields Corp.
Dwane Brosseau
Investor Relations
604 662 3380 or Toll Free: 1 855 237 6274
info@prosperitygoldfields.com
www.prosperitygoldfields.com


Frontline Communications
Leo Karabelas
Mobile: 416 543 3120

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