| ||Mon Nov 1, 2010|
Prize Mining Announces Share Consolidation
| ||CALGARY, ALBERTA - Prize Mining Corporation (TSXV: PRZ) (the "Corporation") is pleased to announce that, effective Tuesday, November 2, 2010, it will complete the consolidation of its common shares on the basis of one (1) new post-consolidation share for every twenty (20) current pre-consolidation common shares, previously announced on July 14, 2010. A new CUSIP number of 74270U200 replaces the old CUSIP number of 742704, to distinguish between the pre- and post-consolidated shares. The Corporation's name and trading symbol will remain unchanged.|
Commencing at opening of trading on Tuesday, November 2, 2010, the common shares of the Corporation will trade on a post-consolidation basis on the TSX Venture Exchange. Following the consolidation there are expected to be 4,032,950 post-consolidation shares outstanding.
ON BEHALF OF THE BOARD OF
PRIZE MINING CORPORATION
President and CEO
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.
For further information, contact Jamie Mathers, Investor Relations
Phone: 604-684-4743 ext 236
Toll Free: 1-866-684-4743 ext. 236
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.
This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the company's disclosure documents on the SEDAR website at www.sedar.com. The company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
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