======================================================================
Re: News Releases - Monday, September 10, 2007
Prize Ships First Gold Concentrate to Refinery
======================================================================

Prize Mining Corporation ("Prize") (TSXV: PRZ) is very pleased to
announce it has shipped its first batch of gold concentrate from the
Atlin Gold Properties, located in northwestern British Columbia. Gold
is being refined by Technic Inc. of Vancouver, BC. Prize Mining's
first shipment returned a settlement weight of 206.90 ounces of gold,
recovered from a very clean batch of gold concentrate of total weight
218.04 ounces. Fineness testing of the gold bar is currently underway.

Prize Mining is currently processing (milling) forty 250 tonne bulk
sample lots (for a total of 10,000 tonnes) which have been excavated
from a bedrock pit located near the west end of the Yellowjacket Zone
in an area where previously determined high grade "nuggety" gold
mineralization comes to the bedrock surface.

In conjunction with the bedrock bulk sample processing, Prize Mining is
also recovering gold from the overburden/bedrock interface material
that was stockpiled during the excavation phase. Any remaining placer
gold from this material is being removed by traditional sluicing
methods and the washed oversize bedrock material will be retained to
process through the mill in order to recover bedrock gold.

Ms. Linda Dandy, P.Geo., the project supervisor of Prize Mining's trial
mining program on the Yellowjacket Zone of its Atlin Gold Properties,
is the Corporation's nominated Qualified Person responsible for
monitoring the supervision and quality control of the programs
completed within the Atlin Gold Properties. Ms. Dandy has reviewed and
verified the technical information contained in this news release.

For more information and photographs see www.prizemining.com.

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
Email: info@prizemining.com
Website: www.prizemining.com

This news release contains forward-looking information including but
not limited to comments regarding the timing and content of upcoming
work programs, geological interpretations and potential mineral
recovery processes. Forward-looking information includes disclosure
regarding possible future events, conditions or results of operations
that is based on assumptions about future economic conditions and
courses of action, and therefore, involves inherent risks and
uncertainties. When used in this news release. The words "estimated",
"plan", "anticipated", "expected", "intend", believe", and similar
expressions are intended to identify forward-looking statements. These
statements involve known and unknown risks, uncertainties and other
factors that may cause the actual results, performance or achievements
of Prize to be materially different from any future results,
performance or achievement expressed or implied by such forward-looking
statements. For any forward-looking information given, management has
assumed that the analytical results it has received are reliable, and
has applied geological interpretation methodologies which are
consistent with industry standards. Although management has a
reasonable basis for the conclusions drawn, there can be no assurance
that forward-looking statements will prove to be accurate and actual
results may differ materially from those currently anticipated in such
statements.

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

======================================================================
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 Mon Sep 10, 2007 at 10:09:00 AM Pacific Time
======================================================================
.