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June 22, 2010

Prize Mining Announces Termination of Earn-in Agreement

CALGARY, ALBERTA - Prize Mining Corporation ("Prize") (TSXV: PRZ)

announces that the Earn-in Agreement with Silvermet Inc., in respect of the exploration and development of Prize's Muskox Intrusion Property ("Muskox Property") located in the Nunavut Territory, has been terminated by Silvermet without Silvermet having earned or otherwise acquired an interest in the Property. As a result, Prize's 100% ownership of the Muskox Property is no longer subject to any acquisition rights of third parties.

The Muskox Property is a large nickel-copper-platinum-palladium exploration target located 550 kilometres north of the city of Yellowknife and 90 kilometres south of the town of Kugluktuk (formerly Coppermine). Prize holds mineral tenure to 68,766 acres at the Muskox Property and associated areas.

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

	EXPLORATEUR
	CODE : PRZ.V
	ISIN : 892714494RC0001
	CUSIP : 742704

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Prize Mining est une société d’exploration minière d'or et de cobalt basée au Canada.

Ses principaux projets en exploration sont MUSKOX et YELLOWJACKET / ATLIN au Canada.

Prize Mining est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 56 600 CA$ (42 990 US$, 38 807 €).

La valeur de son action a atteint son plus haut niveau récent le 05 février 2010 à 1,00 CA$, et son plus bas niveau récent le 16 octobre 2019 à 0,01 CA$.

Prize Mining possède 5 660 000 actions en circulation.

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