Prize Mining Corporation
TSX VENTURE : PRZ

Prize Mining Corporation

January 04, 2007 15:59 ET

Prize Mining Corporation Announces Grant of Stock Options

CALGARY, ALBERTA--(CCNMatthews - Jan. 4, 2007) - Prize Mining Corporation ("Prize") (TSX VENTURE:PRZ) announces that, subject to regulatory approval, an aggregate of 1,500,000 options to acquire common shares of the Corporation were granted to the directors of the Corporation and a consultant of the Corporation (the "Options"). The Options were granted as follows: 300,000 to A.J.H. McGucken, President, Chief Executive Officer and Director; 300,000 to Feisal Somji, Chief Financial Officer, Chairman and Director; 150,000 to William Dynes, Director; 150,000 to Daniel Kenney, Director; 150,000 to Wayne Savigny, Director; 150,000 to Brian Farrell, Director; 150,000 to Tim Bergen, Director; and 150,000 to Linda Dandy, Consultant.

The options have an exercise price of $0.25 per share and expire on January 2, 2012.

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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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