Prospect Global Announces Equity Offering

  Prospect Global Announces Equity Offering

    Financing Will Support Continued Development of Holbrook Basin Project

Business Wire

DENVER -- June 20, 2013

Prospect Global Resources Inc. (NASDAQ: PGRX) announced today that it intends
to conduct an underwritten public offering of units, each consisting of one
share of common stock, one series A warrant exercisable into common stock, and
one series B warrant exercisable into common stock and additional series A
warrants. The offering is subject to market and other conditions, and there
can be no assurance as to whether or when the offering may be completed, or as
to the actual size or terms of the offering.

Roth Capital Partners, LLC is acting as the sole manager for the offering.

The offering will be conducted via an existing effective shelf registration
statement. An electronic preliminary prospectus supplement relating to the
offering has also been filed with the SEC and is available on the SEC’s
website at

This news release shall not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of these securities in any state
or jurisdiction in which the offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
state or jurisdiction. The securities being offered have not been approved or
disapproved by any regulatory authority, nor has any such authority passed
upon the accuracy or adequacy of the preliminary prospectus supplement, the
base prospectus or the Company's shelf registration statement.

Regarding Forward-Looking Statements

With the exception of historical matters, the matters discussed in this press
release include forward-looking statements that involve risks and
uncertainties that could cause actual results to differ materially from
projections or estimates contained herein. Such forward-looking statements
include statements regarding current and future classification of Prospect
Global’s potash resources and development of its potash resources and potash
mining facility. Factors that could cause actual results to differ materially
from projections or estimates include, among others, potash prices, economic
and market conditions, and the additional risks described in Prospect Global's
filings with the SEC, including Prospect Global's Annual Report on Form 10-K
for the year ended March 31, 2012. Most of these factors are beyond Prospect
Global's ability to predict or control. The forward-looking statements are
made as of the date hereof and, except as required under applicable securities
legislation, Prospect Global does not assume any obligation to update any
forward-looking statements. Readers are cautioned not to put undue reliance on
forward-looking statements.

About Prospect Global Resources Inc.

Prospect Global Resources Inc. is a Denver-based company engaged in the
exploration and development of a potash mine located in the Holbrook Basin of
eastern Arizona. Prospect Global’s stock is traded on the NASDAQ Capital
Market under the ticker symbol PGRX.

Additional details about Prospect Global Resources Inc. can be viewed at the
Company’s website,


Prospect Global Resources Inc.
Gregory M. Dangler, Interim CFO
+1 303-990-8444
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