To view this email as a web page, go here.

January 20, 2010

Prize Mining Announces Conversion of Debenture

CALGARY, ALBERTA - Prize Mining Corporation ("Prize") (TSXV: PRZ) is pleased to announce that its non-interest bearing convertible debenture, as reflected in the company's balance sheet (originally sold on January 22, 2005 for the principal amount of CDN$1,150,000) has been settled. The debenture, originally set to mature on January 22, 2010, has been converted to 1,462,174 units of Prize Mining, each consisting of one share and one share purchase warrant as per the original agreement announced in the press release dated January 25, 2005.

About Prize Mining

Prize Mining Corporation (TSXV: 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
"Jim Glass"

Jim Glass
President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:
Jamie Mathers, Investor Relations
Phone: 604.684.4743 ext. 236
Toll Free: 1.866.684.4743 ext. 236
Email: info@prizemining.com
Website: www.prizemining.com

Neither the 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.

Ascenta Capital Partners Inc. � Suite 1610, 1066 West Hastings Street � Vancouver � BC V6E 3X1 � Canada

Prize Mining Corporation

	EXPLORATION STAGE
	CODE : PRZ.V
	ISIN : 892714494RC0001
	CUSIP : 742704

Follow and Invest

Add Alert	Add to Watchlists	Add to Portfolio	Add Note

Profile Market
Indicators VALUE :
Projects & res.Press
releases Annual
report RISK :
Asset profile Contact Cpy

Prize Mining is a gold and cobalt exploration company based in Canada.

Its main exploration properties are MUSKOX and YELLOWJACKET / ATLIN in Canada.

Prize Mining is listed in Canada and in Germany. Its market capitalisation is CA$ 56 600 as of today (US$ 42 990, € 38 807).

Its stock quote reached its highest recent level on February 05, 2010 at CA$ 1.00, and its lowest recent point on October 16, 2019 at CA$ 0.01.

Prize Mining has 5 660 000 shares outstanding.

Legends
	Production
	Mine development
	Discovery
	Exploration
	Past producer
On Google Earth, click on the button, to show property information, and access to project page or company page.