Prize Mining Corp.: Annual General and Special Shareholders' Meeting Extension

Prize Mining Corp. (TSX VENTURE:PRZ.H) (the "Corporation") announces that it has
successfully received an order from the Court of Queen's Bench of Alberta
extending the time in which it is permitted to hold its annual general and
special meeting of shareholders (the "AGM") to a date no later than August 31,
2013.


The Corporation sought the extension because it is considering various
transactions, which may require shareholder approval. With a view to minimizing
costs, the Corporation plans to delay holding the AGM pending the successful
negotiation of a transaction. At this point in time, no transaction has been
successfully negotiated.


ON BEHALF OF THE BOARD OF PRIZE MINING CORPORATION

Feisal Somji, President and CEO

Reader Advisory

Certain statements contained herein constitute forward-looking statements, most
particularly the expected meeting date of the Corporation's next annual general
and special meeting and the successful negotiation of a transaction. All
statements included herein, other than statements of historical fact, are
forward-looking information and such information involves various risks and
uncertainties. Factors such as regulatory approvals and other related external
factors may affect the forward-looking statements made in this press release.
The Corporation believes the expectations reflected in these forward looking
statements are reasonable but no assurance can be given that these expectations
will prove to be correct and such forward-looking statements in this press
release should not be unduly relied upon. Forward-looking statements included in
this press release are made as of the date of this press release and the
Corporation disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as expressly required by applicable securities
legislation.


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

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