Prize Mining Corporation
TSX VENTURE : PRZ

Prize Mining Corporation

December 06, 2007 13:55 ET

Prize Mining Corporation: Extension of Warrant Term

CALGARY, ALBERTA--(Marketwire - Dec. 6, 2007) - Prize Mining Corporation (TSX VENTURE:PRZ) ("Prize") is pleased to announce that it will, subject to regulatory approval, extend the term of the aggregate of 1,035,409 warrants (the "Warrants") issued pursuant to its private placement offering of units which closed in three tranches on December 7, 2006, December 14, 2006 and December 28, 2006, respectively. The Warrants were set to expire one year from the date of issuance. The term of each Warrant will be extended to June 30, 2008. It is anticipated that the bulk sample (trial mining) processing on the Yellowjacket Zone of Prize's Atlin Gold Property will be completed by next spring. The exercise price of the Warrants will remain at $0.35.

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.

ON BEHALF OF THE BOARD OF PRIZE MINING CORPORATION

Harry McGucken, President and CEO

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

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