Prosperity Goldfields Announces Results of Special Meeting

Prosperity Goldfields Corp. (TSX VENTURE:PPG) (the "Company" or "Prosperity") is
pleased to announce that the shareholders of Prosperity approved the continuance
of Company to British Columbia under the Business Corporations Act (British
Columbia (the "Continuance") and the Amalgamation of Prosperity and Smash
Minerals Corp ("Amalgamation"). The Arrangement and the Amalgamation was
approved at the special meeting of the Company's shareholders on March 30, 2012,
by 99.97% of the votes cast by the Company's shareholders, representing 66.95%
of all of the issued and outstanding shares of Prosperity, voting together as a
single class. No notices of the exercise of dissent rights respecting the
Arrangement were received by the Company. Assuming the approval of the
Amalgamation by the shareholders of Smash Minerals Corp. and that all other
closing conditions are satisfied or waived, the Company anticipates that the
Continuance and the Amalgamation will be completed on or about April 12th, 2012.


"All of us on the Board of Directors of Prosperity Goldfields appreciate the
overwhelming positive vote of confidence from our shareholders on the
Continuance and Amalgamation issues," states Mr. R. Bruce Duncan, Director and
CEO. "We believe that this corporate change will produce a stronger company with
the ability to properly and aggressively explore the very large land holdings in
southern Nunavut. We have already seen excellent results from our drilling in
2011, and we believe that the exploration programs ahead of us will continue to
demonstrate the value and potential of the Kiyuk property. We look forward to
the results from the 2012 drilling programs, the first of which is already
underway on the Kiyuk property."


About Prosperity Goldfields Corp.

Prosperity's principal business is the acquisition, exploration and development
of resource properties for the mining of precious metals. Prosperity acquired
the option to purchase the mineral claims comprising the "Kiyuk Property" near
Nueltin Lake in Nunavut. Prosperity's principal objective is to explore the
Kiyuk Property. 


For more information about Prosperity please visit: www.prosperitygoldfields.com

On Behalf of the Board of Directors

PROSPERITY GOLDFIELDS CORP.

R. Bruce Duncan, CEO and Director

(TSXV:PPG)
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