Acquisition Of Uranium/Vanadium Mineral Claims Located In Catron County, New Mexico

VANCOUVER - Prosperity Exploration Corp. has closed the acquisition of 60% of the issued and outstanding shares of FirstAmerican Energy Fuels Ltd. (TargetCo) pursuant to the terms of a share exchange agreement, TargetCo and the shareholders of TargetCo (the "Definitive Agreement") and indirectly acquired an option held by TargetCo for the acquisition of a 100% interest (subject to a 2% NSR) in and to certain mineral claims located in Catron County, New Mexico  pursuant to the terms of a mineral property option agreement between TargetCo and an arm's length optionor. Pursuant to the Definitive Agreement, the Company assumed all of the obligations of TargetCo under the Option Agreement, including paying any cash and issuing any shares contemplated therein.