Prize Mining Corporation

The company's strategic focus is on developing near-term, low cost, gold production.

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Message: Prize Mining Corporation Leases Portion of Its Atlin Placer Property

Prize Mining Corporation Leases Portion of Its Atlin Placer Property

posted on Feb 05, 2009 09:05AM
Prize Mining Corporation

TSX VENTURE: PRZ
Feb 05, 2009 13:55 ET

Prize Mining Corporation Leases Portion of Its Atlin Placer Property

CALGARY, ALBERTA--(Marketwire - Feb. 5, 2009) - Prize Mining Corporation ("Prize") (TSX VENTURE:PRZ) is pleased to announce that it has entered into a lease with an arm's length party (the "Lessor") pursuant to which the Lessor was granted a 10 year lease on the western portion of Prize's placer property (the "Leased Property") in consideration of $450,000, of which $250,000 has been paid with the remaining $200,000 to be paid in instalments over the period ending on August 15, 2009.

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

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.

For more information, please contact

Prize Mining Corporation
Harry McGucken
Chief Executive Officer & President
(403) 236-2222

or

Prize Mining Corporation
Jamie Mathers
Investor Relations
(604) 684-4743 or Toll Free: 1-866-684-4743
Email: [email protected]
Website: www.prizemining.com
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