Prize Mining Corporation ("Prize") (TSXV: PRZ) is pleased to announce that the remodeling of its Knelson Gravity Solutions designed process plant ("the plant") is complete and crews have now been mobilized to the site. The plant is operational and running 24 hour shifts, milling up to 10 tonnes per hour. 

Due to unexpected delays, the semi-autogenous grinding (SAG) mill has not arrived on site and is currently being assembled and prepared for delivery. When the SAG mill arrives on site processing of the bulk sample blocks will increase to 18 tonnes per hour. The processing plant has been designed to be readily converted into a 250 to 350 tonne per day mill suitable for a full mining program. 

Prize Mining has recently hired mineral processing consultant Rino Mihoc to act as the on site mill supervisor during the processing of the 10,000 tonne bulk sample. Mr. Mihoc brings a wealth of knowledge to the project, having previously worked as Mine Manager at Goldcorp Inc.'s Golden Bear Mine, as Process Consultant at North American Tungsten Corporation Ltd.'s Cantung Mine, and as Mill Superintendent at Barrick Gold Corporation's Nickel Plate Mine. Knelson's process engineer, Ajay Sihota, P.Eng., was on site during re-commissioning of the mill components.

Mr. Mihoc has established an assay lab and a gold smelting furnace on site to allow for a continuous sampling and processing program with gold from each 250 tonne block being individually concentrated and refined.

The 10,000 tonne bulk sample will be run through the plant in 250 tonne blocks with full gold cleanup completed at the end of each block run. This will allow Prize's consultant, Dr. Simon Dominy, C.Eng., C.Geol., Principal Geological Engineer and General Manager of Snowden Mining Industry Consultants Ltd. (UK), to correlate gold grades with lithologic units and structures in order to extrapolate values throughout the well drilled mineralized zone. Upon completion of the bulk sample and receipt of full head and tails assay results, Dr. Dominy, in conjunction with consultant Linda Dandy, P.Geo., will complete a 43-101 report on Prize's Atlin Gold Property. The goal of this report will be to define a gold resource estimation and to propose the next phase of exploration/development for the Atlin Gold Property.

Prize follows a rigorous Quality Assurance/Quality Control program consisting of inserting standards, blanks and duplicates into the sample stream submitted to ACME Laboratory Ltd. for analyses. As well, Prize has instructed ACME to increase their internal standard and re-assay protocols for this project.

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