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. BarberPresident 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 .