PRZ.H

Prize Mining Corporation  (NEX:PRZ.H) (the "Corporation") is pleased to announce
that it has completed the first tranche of its previously announced non-brokered
private placement of units ("Units"). The Corporation issued 4,200,000 Units at
a price of $0.05 per Unit for gross proceeds of $210,000. Each Unit issued
pursuant to the private placement is comprised of one common share of the
Corporation ("Common Share") and one full common share purchase warrant
("Warrant"). Each Warrant issued pursuant to the private placement entitles the
holder to acquire one Common Share at a price of $0.15 per Common Share until
August 30, 2014. Pursuant to NEX policy 6.2, the Warrant term was reduced to 12
months, not 24 months as originally announced. 


All securities issued in connection with the private placement are subject to a
four-month hold period, which expires on December 31, 2013. The proceeds of the
private placement will be used for general working capital purposes. 


As a result of the closing of the private placement, the Corporation has
18,011,351 Common Shares issued and outstanding. 


Completion of the private placement is subject to certain conditions including,
but not limited to, the receipt of all necessary regulatory approvals including
NEX acceptance. 


ON BEHALF OF THE BOARD OF 

PRIZE MINING CORPORATION

Feisal Somji, President and CEO

This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The offered securities
mentioned in this press release will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be
offered or sold within the United States or to, or for the account or benefit of
U.S. persons except in certain transactions exempt from the registration
requirements of the U.S. Securities Act. This news release may contain
forward-looking statements. These statements are based on current expectations
and assumptions that are subject to risks and uncertainties. Actual results
could differ materially because of factors discussed in the management
discussion and analysis section of our interim and most recent annual financial
statements or other reports and filings with the TSX Venture Exchange and
applicable Canadian securities regulations. We do not undertake any duty to
update any forward-looking statements. Neither 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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Prize Mining Corporation
Feisal Somji
403-236-2222
info@prizemining.com
www.prizemining.com

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