| ||Mon Sep 12, 2005|
Statement of Claim
| ||September 12, 2005 CALGARY, ALBERTA - Prize Mining Corporation (formerly Muskox Minerals Corp) wishes to advise that it has filed in the Court of Queen's Bench of Alberta, Judicial District of Calgary, a statement of Claim naming Canamera Geoscience Corp., John Dupuis, John Dupuis carrying on business under the firm name and style of Canamera Geoscience Ltd., Meridian Geoscience Ltd., and Titan Drilling Ltd. as Defendants (hereinafter "Canamera").|
The Statement of Claim arises out of monies advanced to Canamera in the amount of $512,144.67, for the purposes of exploration services on the Company's Atlin Gold Project. The funds were to be used to off-set exploration services that Canamera would perform on behalf of Prize.
A review and audit of services rendered identified that Canamera has failed to account for these advances and that Canamera had not performed services to match these advances.
Despite demand, Canamera has failed to account for their use of funds and have also failed to pay back funds held on behalf of Prize.
The management of Prize felt they had no alternative in taking this action when considering the best interests of the Company, the Atlin Gold Project and the shareholders.
ON BEHALF OF THE BOARD OF
PRIZE MINING CORPORATION
President and CEO
Prize Mining Corporation is a Tier One Company listed on the TSX Venture Exchange (symbol: PRV-V). The Company is exploring for Gold in the Atlin area of British Columbia, Canada and n its Nickel-Copper-Palladium and Platinum project on the Muskox Layered Intrusion in Nunavut, Arctic Canada.
For further information, contact Mr. Grant Hall at:
Phone: 1 (877) 339-3344
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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