Prize Mining Corporation

Prize Mining Corporation

March 10, 2008 12:20 ET

Prize Mining Corporation Acquires Atlin Placer Property

CALGARY, ALBERTA--(Marketwire - March 10, 2008) - Prize Mining Corporation ("Prize") (TSX VENTURE:PRZ) is pleased to announce that it has successfully exercised its option to acquire a 100% interest in three placer claims and leases (the "Atlin Placer Property") pursuant to a purchase option agreement dated April 12, 2007 (the "Option Agreement") between Prize and Kotcho Lake Logging Ltd. ("Kotcho") previously announced by Prize on April 27, 2007. The purchase price for the Atlin Placer Property was $450,000 and 1,200,000 common shares of Prize. Of this purchase price, $50,000 and 1,200,000 shares were paid to Kotcho upon execution of the Option Agreement and the remaining $400,000 was paid on February 29, 2008.

The Atlin Placer Property is located over or adjacent to Prize's existing hard rock claims on its Atlin gold property, located in Atlin, B.C. and comprises approximately 466 acres. Prize has received final acceptance for this acquisition from the TSX Venture Exchange.

About Prize Mining

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.


Harry McGucken, President and CEO

The TSX Venture Exchange Inc. has neither approved nor disapproved the information contained herein.

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