Rio2 LimitedTSX: RIO

Prospector Files NI 43-101 Report for Kalzas Property, Yukon

· Issued by Rio2 Limited

Prospector Files NI 43-101 Report for Kalzas Property, Yukon

Vancouver, British Columbia CANADA, April 21, 2008 /FSC/ - Prospector Consolidated Resources Inc. (PRR - TSX Venture), (the "Company") is pleased to announce that the Company has submitted a National Instrument 43-101 geological report on the Kalzas mineral property to the TSX Venture Exchange (the "Exchange").

The Company has entered into an option agreement to earn a 100% interest on the Kalzas tungsten project in the Yukon from Copper Ridge Explorations Inc. ("Copper Ridge"). Please refer to Prospector's August 10th 2007 news release for more details of the property option agreement. The NI 43-101 report is required by the Exchange as a condition of the Exchange accepting the Company's filing in respect of the option agreement.  The report will be filed on SEDAR when it has cleared comments with the Exchange.  

The qualified person responsible for review of the technical aspects of this release is Henry Neugebauer, P. Eng., President and CEO of the Company.

For further information on the Company, please call our office at (604) 687-8863 or visit our web site at www.prospectorresources.com

On behalf of the Board,

Brian Stewart
Director

This press release has been prepared by management; the TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Prospector Consolidated Resources Inc.
704 - 525 Seymour Street    
Vancouver, B.C.
V6B 3H7
Tel. (604) 687-8863
Fax (604) 687-6830


Source: Prospector Consolidated Resources Inc. (PRR - TSX-V) http;://www.prospectorresources.com
Maximum News Dissemination by Filing Services Canada Inc.
Ph: (403) 717-3898  Fx: (403) 717-3896    www.usetdas.com