Prize Mining Corporation

Prize Mining Corporation

July 14, 2010 17:25 ET

Prize Mining Corporation: Annual General and Special Shareholders' Meeting Update

CALGARY, ALBERTA--(Marketwire - July 14, 2010) - Prize Mining Corp. (TSX VENTURE:PRZ) (the "Corporation") is pleased to announce the results of the Annual General and Special Meeting of the shareholders of the Corporation held on July 13, 2010 (the "Annual Meeting"). At the Annual Meeting, shareholders approved the sale of the remainder of the Corporation's 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 project to Eagle Plains Resources Ltd. Shareholders at the Annual Meeting also passed a special resolution authorizing the board of directors of the Corporation (the "Board"), in its sole discretion, to amend the articles of the Corporation to provide for a consolidation of the common shares of the Corporation ("Common Shares") on a basis of one (1) new Common Share for up to a maximum of every twenty (20) old Common Shares then outstanding, or such lesser number of Common Shares as may be approved by the Board and accepted by the TSX Venture Exchange.

Also at the Annual Meeting, Feisal Somji, James Glass, Wayne Savigny, Tim Bergen and Marshall Farris were elected as the board of directors for the upcoming year. In addition to the annual resolutions including the re-appointment of Davidson & Company LLP as the auditors, a resolution was passed re-approving the existing stock option plan as required by the TSX Venture Exchange.


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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