Prize Mining Corporation Announces Amendment to Its By-Laws

CALGARY, ALBERTA--(Marketwired - Oct. 3, 2013) - Prize Mining Corp. (NEX:PRZ.H) (the "Corporation") announces the Board of Directors of the Corporation has approved certain amendments to the by-laws of the Corporation (the "Amendments").

The Amendments add a provision requiring advance notice to the Corporation in circumstances where director nominations are made by shareholders of the Corporation other than pursuant to a proposal or a requisition of shareholders made in accordance with the Business Corporations Act (Alberta). Among other things, the advance notice provision fixes a deadline by which holders of record of common shares of the Corporation must submit director nominations to the Corporation prior to any annual or special meeting of shareholders and sets forth the information that a shareholder must include in the notice to the Corporation.

The Amendments are subject to the approval of the shareholders of the Corporation, which approval is being sought at the Annual General and Special Meeting of Shareholders of the Corporation to be held on October 31, 2013.

ON BEHALF OF THE BOARD OF

PRIZE MINING CORPORATION

Feisal Somji, President and CEO

Reader Advisory

Certain statements contained herein constitute forward-looking statements, most particularly the expected meeting date of the Corporation's next annual general and special meeting and the successful negotiation of a transaction. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. Factors such as regulatory approvals and other related external factors may affect the forward-looking statements made in this press release. The Corporation believes the expectations reflected in these forward looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements in this press release should not be unduly relied upon. Forward-looking statements included in this press release are made as of the date of this press release and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

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