Prize Mining Corporation

Prize Mining Corporation

March 20, 2007 11:41 ET

Prize Mining Corporation: Bulk Sampling Program Update-Yellowjacket Zone, Atlin, BC

CALGARY, ALBERTA--(CCNMatthews - March 20, 2007) - Prize Mining Corporation ("Prize Mining") (TSX VENTURE:PRZ) is pleased to announce resumption of the bulk sample (trial mining) program on Yellowjacket Zone of its Atlin Gold Property located in northwestern British Columbia. This program includes excavating, extracting and processing a 10,000 tonne bulk sample from a bedrock pit. Over the past three months extensive engineering work and planning have been completed in order to produce the best sampling procedures, pit design, plant specifications and layout. Favourable results were received from the Metallurgical Testing where 70 percent of the gold is gravity recoverable. This was in part, due to the coarse free gold mineralization in the Yellowjacket Zone. Initial gold extraction will use state-of-the art Knelson Concentrator technology. Prize will be trial mining 10,000 tonnes of ore during 2007 in order to confirm the expected grade of the Yellowjacket zone and to initiate small-scale production.

Prize Mining is pleased to have BGC Engineering Ltd. of Vancouver, BC, as the lead engineering contractor for the project. At BGC the project is under the direction of Dr. Wayne Savigny, P.Eng., P.Geo., assisted by Gerry Papini, P.Geo. and Gerry Ferris, P.Eng. BGC is providing the overall coordination of the project and its contractors as well as expert advice on matters of planning and permitting, environmental impact and hydrogeology.

In cooperation with BGC, Prize has also contracted Eur. Geol. Dr. Simon Dominy, C.Eng., C.Geol., Principal Geological Engineer and General Manager of Snowden Mining Industry Consultants Ltd (UK). Dr. Dominy brings a wealth of knowledge to the project with his extensive global experience in the field of coarse gold ("high-nugget effect") deposit evaluation and exploitation. He has extensive practical experience in the planning and expiation of surface and underground bulk sampling/trial mining programmes. Dr. Dominy has been working on the sampling protocol optimization and plant design, and will provide further support during trial mining and processing. In addition, Dr. Dominy will act as the independent "Qualified Person" for the purpose of National Instrument 43-101 for this programme and the subsequent resource estimate.

Ms. Linda Dandy, P.Geo. is the project supervisor and "Qualified Person" for the purpose of National Instrument 43-101 who has reviewed and verified the contents of this news release.

About Prize Mining

Prize Mining Corporation (TSX VENTURE:PRZ) is a company dedicated to the exploration, discovery and development of precious metal deposits. 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.


Harry McGucken, President and CEO

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

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