Prize Mining Corporation
TSX VENTURE : PRZ

Prize Mining Corporation

September 28, 2010 09:42 ET

Prize Mining Completes Asset Sale

CALGARY, ALBERTA--(Marketwire - Sept. 28, 2010) - Prize Mining Corp. (TSX VENTURE:PRZ) (the "Corporation") is pleased to announce that it has closed its previously announced sale (the "Asset Sale") of the remainder of its beneficial right, title and interest in the Yellowjacket project, including mineral and placer rights and all equipment and infrastructure currently in place on the Yellowjacket mine site (the "Assets") to Eagle Plains Resources Ltd. ("Eagle Plains"). The Asset Sale was subject to, and received, the approval of the shareholders of the Corporation at its annual general and special meeting of shareholders held on July 13, 2010. The purchase price for the Assets was paid by way of a cash payment of CAD$400,000 and the issuance of 2,000,000 common shares of Eagle Plains at a deemed price of $0.12 per share. The Asset Sale is subject to filing final documentation with the TSX Venture Exchange.

ON BEHALF OF THE BOARD OF PRIZE MINING CORPORATION

James Glass, President and CEO

Prize Mining Corporation (TSX VENTURE:PRZ) is dedicated to the exploration, discovery and development of precious metal deposits. Prize is exploring for gold in the Atlin area of northwestern British Columbia, Canada and for nickel-copper-palladium and platinum on the Muskox Layered Intrusion in Nunavut, Arctic Canada.

Neither 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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