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PRS.H.V ·

Prism Announces Grant of Stock Options

Share Capital & Compensation

214 – 3540 West 41st Avenue, Vancouver, British Columbia, V6N 3E6 PHONE: (604) 803-4883 Fax: (604) 682-6318

Trading Symbol: PRS.H

PRISM ANNOUNCES GRANT OF STOCK OPTIONS

May 23, 2012, Vancouver, BC – Prism Resources Inc. (the “Company”) (NEX: PRS.H) announces that it has granted to directors and officers of the Company, stock options (the “Options”) to purchase a total of 1,200,000 common shares at a price of $0.32 per common share. The Options are exercisable for a period of five years ending May 23, 2017 and have been granted in accordance with the terms of the Company’s stock option plan.

The Company is also pleased to announce it has launched its new website at: www.prismresourcesinc.com. The website provides a description of the Company’s strategy and corporate governance documentation.

Shareholders and other interested parties are encouraged to visit the site and to contact the Company from the site to request additional information.

On behalf of the Board of Directors of Prism Resources Inc.

“Robert W Baxter”

Robert W Baxter President & CEO

For more information contact:

Robert (Bob) Baxter Prism Resources Inc.

+51963762648 Email: [email protected]

Scott M. Ross Prism Resources Inc.

604-803-4883 Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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