SOURCE: Prize Mining Corporation

January 16, 2007 07:00 ET

Howlett Research Corp. Publishes Research Report on Prize Mining Corporation

VANCOUVER, BC -- (MARKET WIRE) -- January 16, 2007 -- Howlett Research Corp. (, a boutique research firm led by Jeff Howlett, President, announced today that it has recently published a research report on Prize Mining Corporation ("Prize") (TSX-V: PRZ) (PINKSHEETS: PRZFF) (FRANKFURT: MQS1) (

In 2003, Prize optioned a 100% interest in the Atlin property, located in northwest B.C. In this area of historic, prolific placer gold production, overburden has traditionally hindered exploration for lode gold deposits, but one showing (Yellowjacket) received attention in the 1980s, with Homestake conducting positive drilling programs that located coarse gold within broad zones. Since 2003, Prize has successfully followed up on this program and is now pursuing a multi-faceted strategy -- 1) testing the Yellowjacket zone at depth (500m vs. 150m to date), 2) proceeding with development work/bulk testing (with BCG Engineering & Snowdon Mining Industry Consultants -- for pit design /processing), and 3) testing new, highly promising exploration targets.

Prize management is very encouraged with its Atlin property, with its historical and prolific placer production, known lode gold, a favorable geological model, and relatively easily mapped targets. Near term, there is potential for the company to: 1) become a small scale producer (and management has placed an emphasis on its bulk sampling program as an introduction to that scenario), 2) generate a significant (43-101 compliant) resource estimate for the Yellowjacket Zone and 3) investigate the potential at highly prospective new areas (Gold Run, LD Claims).

The full report can be found at

About Howlett Research Corp. (HRC)

Based in British Columbia, Canada, HRC has been completing company specific research reports for publicly listed companies for several years in a variety of industry sectors. The reports are developed for quality junior to medium sized companies that lack adequate coverage by the financial community.

HRC has accepted a cash fee of under $10,000 from Prize in preparing the research report which represents the total consideration due. Howlett Research Corp. has not been involved in, nor does it envision participating in any transaction or investment banking business related to Prize. Howlett Research Corp. does not own shares of Prize and does not trade in its shares.

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