======================================================================
News Releases - Friday, April 27, 2007
Prize Mining Enters into Agreement to Purchase Atlin Placer
Property
======================================================================

Calgary, Alberta--Prize Mining Corporation (TSXV:PRZ) is pleased to
announce that it has entered into an agreement with Kotcho Lake Logging
Ltd. pursuant to which it may purchase from Kotcho a 100 percent
interest in three placer claims and leases (the Atlin Placer Property)
located over or adjacent to Prize Mining's existing hard rock claims on
its Atlin gold property, located in Atlin, B.C. The Atlin Placer
Property comprises approximately 466 acres. Prize Mining had previously
entered into an option agreement with Kotcho pursuant to which it had
the right to purchase a 100 percent interest in the Atlin Placer
Property on or before December 15, 2006. Such agreement expired with
the option unexercised. The purchase price for the Atlin Placer
Property is $450,000 and 1,200,000 common shares of Prize Mining. Of
this purchase price, $50,000 and 1,200,000 shares are immediately
deliverable to Kotcho and the remaining $400,000 is due on or before
December 15, 2007. These shares are subject to a four month hold
period.

"The Atlin Placer Property overlays the Yellowjacket Zone of Prize's
Atlin Gold Property which will be the focus of a 10,000 tonne hardrock
Bulk Sample Trial Mining Operation over the course of the coming
months," stated Feisal Somji, Chairman of Prize Mining. "As a result,
Prize will process the placer material, along with the hardrock bulk
sample, through the processing mill that Prize is presently building on
site. This will enhance the potential for the generation of additional
revenue through the Trial Mining Operation. We believe that this
acquisition is a positive step towards our goal of production on the
Atlin Property."

About Prize Mining
Prize Mining Corporation (TSXV: 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.

ON BEHALF OF THE BOARD OF
PRIZE MINING CORPORATION

"Harry McGucken"
Harry McGucken
President and CEO


FOR FURTHER INFORMATION PLEASE CONTACT:
Prize Mining Corporation
Trent Dahl
Investor Relations
(604) 684-4743 ext. 228 or Toll Free: 1-866-684-4743 ext. 228
Email: info@prizemining.com
Website: www.prizemining.com

This release may contain forward-looking statements. These statements
are based on management's current expectations and beliefs and are
subject to a number of risks and uncertainties that could cause actual
results to differ materially from those described in the
forward-looking statements. Forward-looking statements are not
guarantees of future performance. Any forward-looking statements are
made as of the date hereof and Prize does not undertake any obligation,
except as required under applicable law, to publicly update or revise
such statements to reflect new information, subsequent or otherwise.

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

======================================================================
Copyright (c) 2007 PRIZE MINING CORP. (PRZ) All rights reserved. For
more information visit our website at http://www.prizemining.com/ or
send mailto:info@prizemining.com
Message sent on Fri Apr 27, 2007 at 10:30:39 AM Pacific Time
======================================================================
.