Damon Barber Joins Prospect Global Resources as Chief Financial Officer

   Damon Barber Joins Prospect Global Resources as Chief Financial Officer

PR Newswire

DENVER, Dec. 18, 2012

DENVER, Dec. 18, 2012 /PRNewswire/ -- Prospect Global Resources, Inc. (NASDAQ:
PGRX) today announced the appointment of Damon G. Barber as Chief Financial
Officer, effective December 13, 2012. Mr. Barber has more than 20 years'
experience in natural-resources finance and operations and is former Chief
Executive Officer of CST Mining Group Limited, a Hong Kong-based mining

While CEO of CST, Mr. Barber led a $600-million public equityraise to acquire
two copper mine development projects. He subsequently directed the development
of one project into production and directed the development of the second
project to where it was sold for $505 million, returning CST approximately two
times its investment in the project. During this time, Mr. Barber also served
as Chairman of Marcobre S.A.C., a joint venture between CST and Korea
Resources Corporation and LS Nikko.

Prior to joining CST, Mr. Barber was a Managing Director at Deutsche Bank and
served as the Head of Deutsche Bank's Metals and Mining investment banking
practice in Asia-Pacific. Mr. Barber also spent more than 11 years at Credit
Suisse, including almost 10 years as an investment banker in Credit Suisse's
Energy Group.

"Damon is that rare individual who has proven himself in every facet of our
industry," said Prospect Global Chief Executive Pat Avery. "After years as an
investment banker, advising firms on mergers and acquisitions and
capital-markets activity, he moved seamlessly to the mining operations side,
assembling management teams and overseeing money-raising, planning, permitting
and full production. His title is CFO, but we expect Damon to contribute in
every aspect of Prospect Global's development."

Mr. Barber graduated from the University of Kentucky with a B.S. in Mining
Engineering andbegan his career as a section foreman at CONSOL Energy Inc.'s
Loveridge Mine. Mr. Barberholds an MBA from the Wharton School of the
University of Pennsylvania.

About Prospect Global Resources Inc. [PGRX]:

Prospect Global Resources Inc. is a Denver-based company engaged in the
exploration and development of a large, high-quality potash deposit located in
the Holbrook Basin of eastern Arizona.

SOURCE Prospect Global Resources, Inc.

Contact: Thomas Mulligan, +1-212-573-6100
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