Prospect Global Evaluating Financing Alternatives Business Wire DENVER -- December 2, 2013 Prospect Global Resources Inc. (NASDAQ: PGRX) (“Prospect Global” or the “Company”) is pleased to announce that the Company is in the process of evaluating alternatives related to securing financing for the development of its 100% owned Holbrook property (the “Project”). “Now that the Company’s Pre-Feasibility Study and infill drilling program for the Holbrook Project have been completed, our focus is on identifying and reviewing various alternatives in order to secure the financial commitments required to proceed with the Project,” comments Damon Barber, President and CEO, Prospect Global Resources Inc. He continues, “We believe our Holbrook Project is a compelling project that’s attracting global attention.” 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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Prospect Global Evaluating Financing Alternatives
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