Prize Mining Corporation
TSX VENTURE : PRZ

Prize Mining Corporation

April 16, 2009 12:42 ET

Prize Mining Corp.: Corporate Update; Option Agreement Payment and Shareholders Meeting

CALGARY, ALBERTA--(Marketwire - April 16, 2009) - Prize Mining Corp. (TSX VENTURE:PRZ) announces that the $200,000 option payment due to Lenard Diduck under the Option Agreement dated October 16, 2003, as amended, has been made. Please refer to Prize's news releases dated January 15, 2009 and January 22, 2009 for additional information. In addition, Prize's upcoming shareholders' meeting has been re-scheduled to Friday, May 15, 2009.

ON BEHALF OF THE BOARD OF PRIZE MINING CORPORATION

Harry McGucken, President and CEO

Prize Mining Corporation is a Tier One Company listed on the TSX Venture Exchange (symbol: PRZ-V). The Company is exploring for Gold in the Atlin area of British Columbia, Canada and its Nickel-Copper-Palladium and Platinum project 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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