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BlackRock and White House Veterans Join Prospect Global Board of Directors



  BlackRock and White House Veterans Join Prospect Global Board of Directors

 Daniel Neumann and Reed Dickens Bring Specialized Capabilities to the Board

Business Wire

DENVER -- September 30, 2013

Prospect Global Resources Inc. (NASDAQ: PGRX) (“Prospect Global” or the
“Company”) is pleased to announce the appointments of Daniel Neumann and Reed
Dickens to the Board of Directors.

Daniel Neumann brings valuable portfolio management expertise. Mr. Neumann has
16 years of experience in finance, the majority of which was at BlackRock,
where he was the lead portfolio manager of a top performing global energy and
natural resources equity fund. Recently, he has joined several former
BlackRock colleagues to help launch a new energy sector investment platform at
GRT Capital Partners, LLC in Boston. As a Portfolio Manager, Mr. Neumann
evaluates investment opportunities based on rigorous macro sector research and
bottoms up company analysis. In addition to investment management, Mr. Neumann
has experience as a sell side research analyst at Banc of America Securities
and in investment banking at PaineWebber, Inc. He holds bachelor’s degrees in
Economics and English from Boston College and is a CFA charterholder.

Mr. Neumann commented: “I am excited to join the board of such a promising
mining opportunity. I see the PGRX potash strategy as unique and value added.
I look forward to working with the team.”

Reed Dickens, a former White House Assistant Press Secretary, is the founder
of Dickens Capital Group, a business platform specializing in acquiring,
investing, and advising consumer growth companies. Dickens currently sits on
several corporate boards and serves as a Senior Advisor to TPG’s portfolio of
growth companies. He also travels the country as a corporate speaker and
contributor on CNN, Fox News, and MSNBC.

In 2001, Dickens was named White House Assistant Press Secretary. In this
position, he served as a White House spokesperson and assisted in managing the
relationship between the White House Press Corps and the West Wing Press
Office. Also in this role, Dickens traveled around the world aboard Air Force
One, helping shape the President’s message for the national and international
media during the September 11 attacks, the wars in Iraq and Afghanistan,
legislative battles, policy debates, and campaigns. As a member of the White
House Survey Team, Dickens traveled the globe participating in government to
government negotiations with foreign dignitaries to plan the President’s
public appearances and participation in global summits.

Mr. Dickens commented: “Prospect Global offers a compelling combination of
food security and efficient mining to the United States. I am pleased to join
this board and leverage my experiences to drive new growth.”

Marc Holtzman, ZZ Qiu and Conway Schatz are resigning from the board. The
Company thanks them for their board service. Messrs. Holtzman and Qiu will be
joining the company’s International Advisory Board alongside Gov. Gray Davis
and Devon Archer.

On Behalf of the Board of Directors,
Damon G. Barber
President and Chief Executive Officer

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, development of its potash resources and potash
mining facility and the Pre-Feasibility Study. 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/A for the year ended March 31, 2013. 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, www.prospectgri.com.

Contact:

The Rose Group
Elana Weiss, 310-280-3710
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