Prize Mining Corp. (OTCQB: PRZFF) (TSX-V: PRZ) Breaking News
November 9, 2017

PRIZE MINING PROVIDES CORPORATE AND PROJECT SUMMARY UPDATE

CALGARY November 9, 2017 -- PRIZE MINING CORPORATION (TSX-V: PRZ) (OTCQB: PRZFF) (GR:FRANKFURT: MQSP) ("Prize" or the "Company")  is pleased to provide a corporate update and project summary on it’s Kena Project located near Nelson in southeastern British Columbia. Prize acquired the Kena Project in April 2017 and concurrently completed an equity financing for proceeds of $6 million.

The current Kena Project resource estimate is set out below and was calculated using a base-case cut-off grade of 0.3 grams per tonne gold.

• Indicated mineral resources of 24.89 million tonnes at 0.6 grams per tonne Au for 481,000 ounces Au;
• Inferred mineral resources of 85.79 million tonnes at 0.48 grams per tonne Au for 1,318,000 ounces Au.

The resource estimation used gold intercepts from 176 drill holes in the Gold Mountain, Kena Gold and high-grade zones of the Kena Project and was prepared according to CIM 2014 guidelines.
The Kena Project also has a copper porphyry target that remains untested by exploration.

The Company’s 1,550-hectare contiguous Daylight Property which is located on the northwest corner of Prize’s Kena Project, has various high-grade gold showings and four historical mines. This land package is referred to as the Daylight Property (see map link). https://www.prizemining.com/site/assets/files/1792/kena-daylight-tougnhut-map.jpg )

The four historical mines situated on the Daylight Property have historical grades as set out below.
• Great Eastern mine area with historical grades of 37.53 g/t gold and 52.2 g/t silver (B.C. Minfile 082FSW172).1
• Starlight mine area with historical grades of 28 g/t gold and 140 g/t silver (B.C. Minfile 082FSW174).1
• The Daylight mine area with historical grades of 27 g/t gold and 15 g/t silver (B.C. Minfile 082FSW175).1
• Victoria mine area with grades reported of 28.9 g/t silver and 2.56 per cent copper (B.C. Minfile 082FSW173).1

Note:
1. Historical mining took place in the early 1900s. Based on the Company’s understanding of historical practices, it is likely that hand sorting of ore took place and that the actual grades varied .

With the intent of employing a district wide exploration approach, the Company acquired the Toughnut Property in June 2017. The 1,010-hectare Toughnut Property lies contiguous on the west side of Prize's Daylight Property. The Toughnut claims strategically cover over a 3.5-kilometre strike length of the Silver King shear structure, including most of the mineralized land between Prize's Daylight claim block and Prize's Sand claim block to the northwest. This was a strategic acquisition for Prize as it now controls what management believes to be the most significant part of the mineralized Silver King shear zone.

The Toughnut showing (MF 092FSW294), which includes old pits, shafts and trenches, had grab samples from Pacific Sentinel in 1989 that returned 6.64 g/t, 8.65 g/t and 32.8 g/t Au, with associated silver ranging between 33 g/t and 175 g/t Ag. Follow-up diamond drilling by Valterra Resource in 2010 returned a best intercept of 6.9 g/t Au and 143 g/t Ag over 2.0 metres, and 4.05 g/t Au over 8.0 metres in hole VTN10-005.

The Gold Eagle showing (no recorded Minfile) located 500 metres north of the Toughnut showing was drilled by U.S. Borax in 1988, which reportedly returned a strongly anomalous intercept of 90 g/t Au over 1.53 metres from reverse circulation hole S88-43 (AR 19503). In 2010, Valterra Resources also drilled the property with its best results being 4.02 g/t Au and 9.52 g/t Ag over 24.33 metres (including 4.0 metres of 14.47 g/t Au and 3.46 g/t Ag). The zone has been tested to 73 metres depth and remains open along strike and downdip.

Feisal Somji, Prize’s Chief Executive Officer, commented that “The purpose of the Daylight and Toughnut acquisitions is to allow Prize to focus on the exploration potential of areas with higher grades and, if successful, build our overall resource base from the 8,000-hectare Kena Property to include higher grade material.

Collectively, the 1,550-hectare Daylight and the 1,010-hectare Toughnut Properties strategically cover a five-kilometre strike length of the central and eastern segments of the one kilometre wide Silver King shear system. Combined with the Kena Property, Prize has consolidated the ownership of the district for the first time and will be completing a district wide exploration effort for years to come.”

In July, Prize announced the completion of its Phase 1 exploration program on the Daylight and Toughnut Properties completing a total of 1,289 soil samples over 32.23-line kilometres and increasing the density of soil samples in both properties to 50 metres by 25 metres. In addition, 326 grab and composite rock samples were collected. Michael McPhie, a seasoned mining veteran, also joined the Company’s Board of Directors.

In August, the Company announced the results of the sampling program which included an 8,009 ppb (8g/t) Au soil sample on the Daylight-Starlight Trend, and rock samples showing as high as 20.6 g/t Au and 188 g/t Ag from the Toughnut adit.

A statistical analysis of the 4,152 historical results was carried out in August 2017 and indicates the historical gold grades are of comparable quality with the 2017 results. The net combined database, comprising 5,418 soil sample results has been utilized to define 41 gold soil anomaly targets on the Toughnut and Daylight Properties.

In September 2017, the Company announced an expanded program on the Daylight and Toughnut Properties increasing the number of soil and rock samples collected as well as the number of ground geophysical line kilometres surveyed. The Company also announced the start of an environmental baseline study with a long-term view towards potential mine planning.

In October 2017, the Company became DTC eligible on the OTCQB US market and compiled all historical and newly acquired data, with an announcement to initiate a discovery focused drilling and trenching program on the Daylight Property.

Prize, which currently has a cash position of $3.5 million, has almost completed its initial drill program and results are expected before year-end. Lastly, Prize expects to receive the drill/trenching permits for the Toughnut Property program later this month and will continue its drilling and trenching program from the Daylight Property to the Toughnut Property with results from the Toughnut Property anticipated to be received in the new year.

Jarrod Brown, P.Geo., a Qualified Person under NI 43-101, has reviewed and approved the scientific and technical information in this news release.

For additional information regarding the Kena Project, including the Daylight Property, and the exploration targets on the Kena Project, please refer to the independent technical report entitled “Technical Report for the Kena Project, Nelson, BC” dated June 2, 2017 a copy of which is available on SEDAR under the Company’s profile at www.sedar.com.

About Prize Mining Corp.
Prize is a Calgary-based junior mining issuer with offices in Calgary, Alta., and is listed on the TSX Venture Exchange. Prize is engaged in the acquisition, exploration and development of mining properties. Find out more at: www.prizemining.com.

Follow Prize Mining Corp. on Facebook
Follow Prize Mining Corp. on Twitter
Follow Prize Mining Corp. on LinkedIn

Reader Advisory
Forward-Looking Statements. This news release contains forward-looking statements. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "scheduled", "potential", or other similar words, or statements that certain events or conditions "may", "should" or "could" occur.

The forward-looking statements are based on certain key expectations and assumptions made by Prize, including expectations and assumptions concerning the upcoming trenching and drilling program on Prize’s Daylight Property and the timeline for receipt of a permit which would allow for an exploration program on Prize’s Toughnut Property. Although Prize believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Prize can give no assurance that they will prove to be correct. There is no assurance that the result of these exploration programs will be successful. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, exploration risks and that required regulatory and third-party approvals and consents are not obtained on terms satisfactory to the parties within the timelines provided.

The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable by the Company at the time of preparation, may prove to be incorrect and readers are cautioned not to place undue reliance on forward-looking information, which speaks only as of the date hereof. The Company does not undertake any obligation to release publicly any revisions to forward-looking information contained herein to reflect events or circumstances that occur after the date hereof or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

Neither the 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.

SOURCE Prize Mining Corporation

Prize Mining Commences Drilling and Trenching Programs on Daylight Gold Property, BC

CALGARY, Oct. 24, 2017 -- PRIZE MINING CORPORATION (TSX-V: PRZ) (OTCQB: PRZFF) (GR:FRANKFURT: MQSP) ("Prize" or the "Company")  is pleased to announce it has commenced a diamond drilling and trenching program on the Daylight Property, located near Nelson in southeastern British Columbia.

Following a successful expanded summer exploration program, a compilation of all historical and newly acquired data has been put together for the first time. The combined data was used by the Terralogic's exploration team to produce 11 highly prospective target areas (refer to the map link below).

https://www.prizemining.com/site/assets/files/1749/daylight_drilling_and_trenching_map.jpg

Feisal Somji, chief executive officer commented: "A focus of the drilling and trenching program will be on the 4 historical mines which returned high grade results up to 37 g/t gold. Recent surface exploration results taken from the same areas confirmed high grade soil samples up to 8 g/t gold as well as rock samples up to 9 g/t gold. This is a very exciting time for the Company as we embark on our fully funded discovery focused drill program."

In conjunction with the new targets, historical areas will also be revisited.

Great Eastern Mine area with historical grades* of 37.53 g/t gold and 52.2 g/t silver (BC Minfile 082FSW172) and Phase I grab rock sample near the Great Eastern Adit returning 6.25g/t Au, 5.74 g/t Ag (see press release dated August 29, 2017) and multiple Au>100ppb soil anomalies.
Starlight Mine area with historical grades* of 28 g/t gold and 140 g/t silver (BC Minfile 082FSW174)
the Daylight Mine area with historical grades* of 27 g/t gold and 15 g/t silver (BC Minfile 082FSW175)
Victoria Mine area with grades* reported of 28.9 g/t silver, 2.56% copper (BC Minfile 082FSW173) and Phase I rock sample returning 5.28g/t Au and 2.85 g/t Ag (see press release dated August 29, 2017)
Targets were generated utilizing the following parameters.

Strength of soil geochemical anomalies for gold, silver-molybdenum, or copper-lead-zinc
Contrast, features and prospectivity of Induced Polarization chargeabilities and resistivities, plus detailed ground Magnetic signatures
Favourable analytical results from rock samples collected in target areas
Targets' proximity to important structures and lithological contacts
Terralogic Exploration Inc. of Cranbrook, BC is overseeing the Daylight exploration programs. Diamond drilling has been contracted to Lucky Drilling Ltd. of Castlegar, BC and excavator trenching will be conducted by Wade Critchlow Enterprises Ltd. of Salmo, BC. A total of approximately 2000 metres for diamond drilling and 1500 metres of trenching will be completed in this Phase II exploration program on the Daylight Property alone.

This Phase II exploration program is anticipated to be completed over the next month with initial assay results can be expected before the end of 2017.

*NOTE: historic mining took place in the early 1900s and cannot be verified. It can be assumed that hand sorting of ore took place and that actual grades may vary. The data is non NI 43-101 compliant.

Jarrod Brown, P.Geo., a Qualified Person under NI 43-101, has reviewed and approved the scientific and technical information in this news release.

About Prize Mining Corp.

Prize is a Calgary-based junior mining issuer with offices in Calgary, Alta., and is listed on the TSX Venture Exchange. Prize is engaged in the acquisition, exploration and development of mining properties. Find out more at: www.prizemining.com.

Reader Advisory

Forward-Looking Statements. This news release contains forward-looking statements. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "scheduled", "potential", or other similar words, or statements that certain events or conditions "may", "should" or "could" occur. The forward-looking statements are based on certain key expectations and assumptions made by Prize, including expectations and assumptions concerning the upcoming trenching and drilling program on Prize's Daylight Property and the timeline for receipt of a permit which would allow for an exploration program on Prize's Toughnut Property. Although Prize believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Prize can give no assurance that they will prove to be correct. There is no assurance that the result of these exploration programs will be successful. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, exploration risks and that required regulatory and third-party approvals and consents are not obtained on terms satisfactory to the parties within the timelines provided. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable by the Company at the time of preparation, may prove to be incorrect and readers are cautioned not to place undue reliance on forward-looking information, which speaks only as of the date hereof. The Company does not undertake any obligation to release publicly any revisions to forward-looking information contained herein to reflect events or circumstances that occur after the date hereof or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

Neither the 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.

SOURCE Prize Mining Corporation

Prize Mining Announces DTC Eligibility of its OTCQB-Listed Common Shares in the U.S.

CALGARY, Oct. 12, 2017 -- PRIZE MINING CORPORATION (TSX-V: PRZ) (OTCQB: PRZFF) (GR:FRANKFURT: MQSP) ("Prize" or the "Company")  is pleased to announce that it has secured DTC Eligibility for its OTCQB-listed common shares (PRZFF).

Feisal Somji, Chief Executive Officer of Prize, stated: "Achieving DTC eligibility will greatly simplify the process of trading and exchanging our common shares in the United States, which should benefit all shareholders. We believe being listed and tradeable in the U.S. is highly complementary to the growth trajectory of the Company. This approval will broaden the Company's appeal to U.S. investors and allow brokers and professional advisers previously unable to follow or recommend the Company's stock, to become engaged with the Prize story at this pivotal stage of development. We look forward to keeping our shareholders up to date with the progress on our Q4 discovery focused drill program in southeastern B.C."

The Depository Trust Company (DTC) is a subsidiary of the Depository Trust & Clearing Corporation DTCC, and manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered "DTC eligible." This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors.

In addition to the OTCQB, shares of Prize will also continue to trade on the TSX Venture and Frankfurt stock exchanges.

About Prize Mining

Prize is a Calgary-based junior mining issuer with offices in Calgary, Alta., and is listed on the TSX Venture Exchange. Prize is engaged in the acquisition, exploration and development of mining properties.

Neither the 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.

Reader Advisory

Forward-Looking Statements. This news release contains forward-looking statements. More particularly, this document contains statements concerning the benefits of both DTC eligibility for Prize's shares and the listing of Prize's shares on OTCQB . Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "scheduled", "potential", or other similar words, or statements that certain events or conditions "may", "should" or "could" occur. The forward-looking statements are based on certain key expectations and assumptions made by Prize, including expectations and assumptions concerning market awareness and liquidity and. Although Prize believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Prize can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable by the Company at the time of preparation, may prove to be incorrect and readers are cautioned not to place undue reliance on forward-looking information, which speaks only as of the date hereof. The Company does not undertake any obligation to release publicly any revisions to forward-looking information contained herein to reflect events or circumstances that occur after the date hereof or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

SOURCE Prize Mining Corporation

Prize Mining Commences Baseline Environmental Studies in Anticipation of Bulk Sampling

CALGARY, Oct. 5, 2017 -- PRIZE MINING CORPORATION (TSX-V: PRZ) (OTCQB: PRZFF) (GR:FRANKFURT: MQSP) ("Prize" or the "Company") is pleased to announce it has commenced an environmental baseline and monitoring program on its contiguous Kena-Daylight-Toughnut Gold Properties, located near Nelson in southeastern British Columbia.

"Obtaining baseline environmental data and continued water quality monitoring are key requirements to move our project through exploration and development. With this goal in mind as well as the importance to Prize of maintaining a positive social license, the Company has initiated this sampling program" stated Feisal Somji, president and chief executive officer. "The company is fully financed and moving towards a fall discovery focused drill program."

Masse Environmental Consultants Ltd. ("Masse"), based in Nelson, assisted in designing the baseline water quality sampling program at 16 creek sampling locations to monitor the upper catchment of two local watersheds. Terralogic Exploration Inc. and Prize's employees were trained by Masse to perform the sampling at all 16 sites for the past 3 months. The water sampling program is designed to obtain baseline chemical and sediment loads of high and low flow conditions over a one-year period, to identify any parameters concern, and to monitor changes (if any) related to development in the area. Masse will help interpret the data and the results will be imperative for permitting an aggressive bulk sampling program for 2018.

Jarrod Brown, P.Geo., a Qualified Person under NI 43-101, has reviewed and approved the scientific and technical information in this news release.

About Prize Mining

Prize is a Calgary based junior mining issuer with offices in Calgary, Alberta and is listed on the TSX Venture Exchange. Prize is engaged in the acquisition, exploration and development of mining properties.

Neither the 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.

Neither the 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.

Reader Advisory

Forward-Looking Statements. This news release contains forward-looking statements. More particularly, this document contains statements concerning the benefits of both DTC eligibility for Prize's shares and the listing of Prize's shares on OTCQB . Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "scheduled", "potential", or other similar words, or statements that certain events or conditions "may", "should" or "could" occur. The forward-looking statements are based on certain key expectations and assumptions made by Prize, including expectations and assumptions concerning market awareness and liquidity and. Although Prize believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Prize can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable by the Company at the time of preparation, may prove to be incorrect and readers are cautioned not to place undue reliance on forward-looking information, which speaks only as of the date hereof. The Company does not undertake any obligation to release publicly any revisions to forward-looking information contained herein to reflect events or circumstances that occur after the date hereof or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

SOURCE Prize Mining Corporation

Prize Mining Expands Program at Daylight and Toughnut Properties

CALGARY, Sept. 12, 2017 -- PRIZE MINING CORPORATION (TSX-V: PRZ) (OTCQB: PRZFF) (GR:FRANKFURT: MQSP) ("Prize" or the "Company") is pleased to announce that due to the success of its Phase I exploration program on the Daylight and Toughnut Properties located near Nelson, BC, an expanded exploration program is now underway. This program will follow-up surface geochemical and geophysical anomalies with detailed sampling programs designed to better define and/or expand key targets prior to initiating diamond drilling.

The expanded surface program is intended to verify soil anomaly targets and high-grade rock sample results located during the July to August phase-I program, as well as evaluate new and previously underexplored mineralized zones within the greater Toughnut, Daylight and Kena claim areas. Refer to maps 1 and 2 for specific follow-up target areas: (https://www.prizemining.com/site/assets/files/1749/2017-09-wp-daylight-tnut.jpg https://www.prizemining.com/site/assets/files/1751/2017-09-wp-kena.jpg).

"Given our successful surface exploration this summer, I am excited to announce the expansion of the program to test both new high-grade anomalies as well as existing potential mineralized zones" stated Feisal Somji, president and chief executive officer. "These high-grade anomalies represent a great opportunity for us to create shareholder value with the objective of a discovery focused drill program."

Focal points for the follow-up program include:

Ground truthing of the 41+ soil anomaly targets and numerous high-grade rock sample results referenced in the August 29, 2017 NR.
Additional composite rock sample lines through the Great Western and Eastern targets
Additional soil sample lines along the Silver King Shear in un-sampled areas between the Toughnut and Daylight properties.
An expanded ground magnetic survey, east of the Daylight grid, over prospective area straddling the daylight and gold mountain zones.
Baseline evaluation (prospecting) of peripheral Kena targets (Gold cup, Euphrates, Dighem, Bicycle, Prince, areas between the Kena Gold and Kena Copper zones and the south end of Kena Copper Zone/South Gold Zone).
Baseline evaluation of underexplored showings at the north, west and south limits of the Toughnut claim area including the Birds Eye, Royal Irish and Crow showings.
The results from the expanded Phase I exploration program will be used to further refine upcoming drilling and trenching campaigns, and to establish a priority sequence for continued 2018 exploration targeting.

Jarrod Brown, P.Geo., a Qualified Person under NI 43-101, has reviewed and approved the scientific and technical information in this news release.

About Prize Mining Corp.

Prize is a Calgary-based junior mining issuer with offices in Calgary, Alta., and is listed on the TSX Venture Exchange. Prize is engaged in the acquisition, exploration and development of mining properties. Find out more at: www.prizemining.com.

Neither the 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.

Reader Advisory

Forward-Looking Statements. This news release contains forward-looking statements. More particularly, this document contains statements concerning the benefits of both DTC eligibility for Prize's shares and the listing of Prize's shares on OTCQB . Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "scheduled", "potential", or other similar words, or statements that certain events or conditions "may", "should" or "could" occur. The forward-looking statements are based on certain key expectations and assumptions made by Prize, including expectations and assumptions concerning market awareness and liquidity and. Although Prize believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Prize can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable by the Company at the time of preparation, may prove to be incorrect and readers are cautioned not to place undue reliance on forward-looking information, which speaks only as of the date hereof. The Company does not undertake any obligation to release publicly any revisions to forward-looking information contained herein to reflect events or circumstances that occur after the date hereof or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

SOURCE Prize Mining Corporation

-------------------------------------------------------------------
About Prize Mining Corp.:

Prize Mining Corporation (TSX-V: PRZ) is a well-capitalized exploration company based in Canada. The Company’s flagship Kena-Daylight project is located in British Columbia and for the first time is being looked at from a district wide approach. The Kena Property has a NI 43-101 resource of an INDICATED 481,000 ounces of gold as well as an INFERRED 1,318,000 ounces of gold. The Daylight claims have four historical producing mines with grades as high as 37 g/t gold. The Company’s focus on the Daylight Property is on four large gold-bearing targets. The Company remains committed to its business plan of adding ounces through both drilling and acquisition.

Management Team
Feisal Somji, BSC, MBA
President & CEO, Director

Mr. Somji has 20+ years of experience ranging from grassroots exploration to mine development. Mr. Somji started his career managing an exploration and mine development services company with over 100 employees and divisions including diamond drilling, ground and airborne geophysics, geological consulting, geochemical analysis and laboratory services. He has acted as an officer and director of several public companies involved in gold, diamond, silver, copper, base metal and platinum assets in North America, South America, Asia and Africa. Most recently Mr. Somji was the founding President and CEO of Rio Alto Mining Ltd, with it’s La Arena gold/copper mine in Peru, having achieved commercial production in 2011, with a current annual production rate of approximately 150,000 ounces of gold from 4,000,000 tonnes of ore. Rio Alto was acquired by Tahoe Resources in 2015 for approximately $1.3 Billion. Mr. Somji also provides expertise in areas of corporate finance and governance where he has raised over $125 million and helped several projects go public. Mr. Somji has a B.Sc. from the University of British Columbia and an MBA from Queens University.
Anthony Jackson
CFO

Mr. Jackson brings experience in corporate compliance, financial advisory and financial reporting activities to public and private companies with Jackson & Company. Mr. Jackson spent a number of years working at Ernst & Young LLP and obtaining his CA designation before moving onto work as a senior analyst at a boutique investment banking firm. Mr. Jackson holds a bachelor of business administration degree from Simon Fraser University and the professional designation of chartered professional accountant (CPA and CA), where he is a member of the B.C. and Canadian Institute of Chartered Professional Accountants. Most recently, Mr. Jackson has had extensive experience as a director and officer of numerous publicly traded corporations.
David Schmidt
Director

Mr. Schmidt completed his Bachelor of Applied Science (Mining) at the University of British Columbia in May, 2000, and since then has been working as a self-employed consultant to mineral exploration companies. He assists with financings, corporate and financial disclosure and corporate development. Mr. Schmidt is also currently a director of several other public companies.
Michael McPhie
Director

In a career spanning more than 20 years, Mr. McPhie has worked throughout Canada and globally as an executive in the mining and minerals industry, and is a specialist in project development, project financing and mining-related regulatory, permitting and governance issues. Mr. McPhie currently serves as executive chairman of IDM Mining Ltd., chairman and chief executive officer (interim) of Independence Gold Ltd., and is the founder and CEO of Falkirk Resource Consultants Ltd., a permitting and regulatory consulting firm affiliated with JDS Energy and Mining Ltd.
Tim Bergen
Director

Mr. Bergen has over 25 years of entrepreneurial experience including 21 years in mining. Mr. Bergen was the CEO of CanAm Corp (TSX-V: COE) from 2006-2012. Mr. Bergen has acted on a number of public boards since 1997, and was also founder and lead developer of Vindt Resources, a wind energy company that was amalgamated in 2008 with Shear Wind (TSX-V: SWX) where he acted as a director, SWX was bought out by Sprott Power in 2012 . Prior to getting involved in public company business Mr. Bergen grew up working in family owned alluvial gold mines in British Colombia and over the years has sold two of his privately owned companies to large international corporations including a fortune 500 corporation. Mr. Bergen currently sits on the board of Prize Mining Corp (TSX-V: PRZ-H).

Kena-Daylight Gold Project

The Kena-Daylight Gold Project

The first time Kena & Daylight Properties have been consolidated under one Company and one work program
Consolidation provides a district wide approach to tie together a larger trend extending serveral km’s
Advanced Kena project with bulk tonnage resource of just under 2 million ounces of gold under 43-101 and amenable to leaching
The Daylight project has four historical high grade mines over a 3.5km trend. The company’s focus will be on four large gold-bearing targets

Large Property with Excellent Infrastructure

9,000 hectares in South-Eastern BC
10km from the town of Nelson
Paved Highways
Near Rail and Power
Local work force
Local service and supply companies
Teck Resources Trail Smelter lies 45 minutes south via paved highways

Established Resource- the KGM Gold Deposit

Porphyry gold deposit with high grade zones:

24,890,000 @ 0.60 g/t Au Indicated
=481,000 Ounces GOLD

The Kena Property, widely mineralized and containing several gold, silver and gold-copper prospects, covers approximately 8,000 hectares of land located near the town of Nelson in southeastern British Columbia. It is 45 kilometres north of the Teck Cominco smelter at Trail, BC. The Property lies on the eastern limb of the Hall Creek Syncline, a south plunging fold associated with intense shearing that dominates the structure of the Nelson map area. The syncline incorporates volcanic and lesser sedimentary rocks of the lower Jurassic Rossland Group and is intruded by stocks of mid Jurassic Silver King intrusive.

Infrastructure in the area is excellent, and a power line, rail bed and major highway pass through the centre of the property, and a network of new logging access roads services the property.

Considerable exploration work has been carried out on the property over many years. Significant exploration details, by zone, are set out below. On June 16, 2004 Apex announced, and filed on SEDAR, an Initial Ore Resource calculation - for the Gold Mountain zone and the Kena Gold zone. (See Kena Property Resource – June 2004, below).
Exploration History

Exploration commenced with discovery of the Silver King mine in 1886 and later the rich Athabasca gold mine in 1896. The resulting gold rush lead to the establishment of the city of Nelson, and discovery of a number of smaller gold mines. Included on the Kena property are the Gold Cup, Euphrates, Three Friends, Noman A/B veins, Dighem, Princess, Cariboo, Great Western, Daylight-Berlin, Victoria-Jessie, Starlight, North Star, Toughnut and Athabasca Mine, all of which have historic gold workings. The Property also includes the historic high grade copper and silver producer, the Silver King Mine which has been decommissioned.

The Kena Property has been worked by a number of exploration companies from 1974 to 1991. No work had been done on the property from that time until Apex Resources acquired it in late 1999. Previous work on the property included geology, geochemistry, geophysics, trenching and drilling. Prior drilling concentrated on the Kena Gold Zone, with smaller programs carried out on the Kena Copper Zone, the Dighem Zone and the Shaft showing.

During exploration programs completed over the past four years, Apex Resources has discovered a large area of gold mineralization associated with the Silver King intrusive and its contact areas. Narrow high-grade gold shoots within broad envelopes of lower grade gold mineralization occur within this system. Geology, gold soil geochemistry, surface and trench rock samples, and geophysical surveying all indicate the presence of a zone, some 3000 metres in length and up to 1400 metres in width that is host to significant gold mineralization. This zone is termed the Gold Mountain Zone.

Gold showings have therefore been recognized on the historically worked Kena Gold, Kena Copper and Cat/Shaft Zones, and the newly discovered Gold Mountain Zone, and also on the numerous additional old mines and claims referred to above.

In 1999 and 2000, Apex Resources optioned the Kena property and conducted exploration programs consisting of sampling of existing diamond drill core, geological and structural mapping, geochemical and geophysical surveys and excavator trenching. Results from the core-sampling program led to definition of large widths of gold mineralization in the Kena Gold Zone, with grades similar to those obtained historically (i.e. 0.3 to 2.0 g/t gold). The best previous drill hole in this zone is LK86-20, which returned 1.55 g/t gold over a 53.5 metre length.

The success of the 1999 program lead to the 2000 work program which entailed soil geochemical, magnetometer and induced polarization geophysical surveys followed by trenching over the Silver King intrusive north of Gold Creek, in an area now termed the Gold Mountain Zone. Six trenches covering an area of about 120 x 95 metres averaged 1.43 g/t gold over their entire combined length of 182 metres with assays ranging up to 11.38 g/t gold in one 3-metre chip sample. The “discovery trenches” uncovered a significant new style of gold porphyry mineralization within the Silver King intrusive.

Due to the encouraging results over the Gold Mountain Zone in 2000, an additional six trenches were excavated and a seven-hole diamond drill program was completed in June and July 2001. Drill results confirmed the depth extension of the widespread, porphyry style gold mineralization within the Silver King intrusive unit and extending across the contact into the Elise Volcanics for a short distance. Over the entire 892.5 metres drilled, core samples averaged 0.8 g/t gold (this average includes relatively barren zones within the volcanics that assayed <0.05 g/t gold), with intervals up to 28 metres grading >2.5 g/t gold and one 12 metre interval grading >4.0 g/t gold. The best 2-metre core sample from these original seven holes returned 16.34 g/t gold from hole 01GM-04.

A second drilling and exploration phase was completed on the Kena Property in late 2001 and early 2002. This exploration program consisted of expanded geochemical and induced polarization geophysical surveys, followed by 5,788 metres of reverse circulation and diamond drilling in the Gold Mountain Zone. The results of this exploration program show that the gold soil geochemical anomaly over the Gold Mountain Zone extends north and west from the initial survey area to cover an area 3,300 by 1,400 metres in size. Drilling in the discovery trench area located wide zones of “bulk tonnage type” gold mineralization with many holes returning core intervals of greater than 100 metre widths averaging better than 1 g/t gold. Also, the drill program encountered numerous “high grade” gold intervals with one or more 2 metre samples running greater than 5 g/t gold in many of the drill holes. Two “bonanza grade” intervals were found, in hole 01GM-03 where 1.23 metres assayed 240.07 g/t gold in the intrusive and in hole 01GM-08 where 2.00 metres assayed 172.10 g/t gold in the adjacent volcanic.

Work completed on the Kena Property from May to December 2002 consisted of drilling 7,598 metres in 43 diamond drill holes on the Gold Mountain, Kena Gold, South Gold, Great Western and Starlight Zones. At the same time, expanded soil geochemical surveying was done west and north on the Gold Mountain and Kena Grids to cover newly acquired claims in the Starlight, Silver King Mine and Cariboo areas. Induced polarization geophysical surveying covered the expanded Gold Mountain and Kena grids, plus the South Gold Zone. Also in 2002, Fugro Airborne Surveys were contracted to survey the main area of interest on the property, measuring about 3 by 7 kilometres in size, with airborne magnetics and radiometrics.

The Fugro survey led to the recognition of an alteration corridor that extends the length of the property. The alteration corridor and associated structures appear responsible for the Keno gold zone, Gold Mountain zone and several nearby high-grade gold intersections. In 2003 the alteration corridor was investigated with 22 diamond drill holes, trenching and a structural mapping program.

To date more than 150 diamond drill holes have tested the Gold Mountain and Kena gold zones.

The Initial Resource Calculations on the Gold Mountain and Kena Gold Zones have been completed and were filed with the Securities Commission on June 16, 2004. Modeling, QAQC evaluations and resource calculations were done by Independent Qualified Person Gary Giroux, P.Eng., MASc., and the accompanying 43-101 Technical Report was co-authored by Gary Giroux, P.Eng. and Linda Dandy, P.Geo (see Kena Property Resource below).

The results of the work done by Apex Resources Inc. may be summarized as follows:
Gold Mountain Zone

The Gold Mountain Zone lies in the northern portion of the Kena Property, north of Gold Creek. Alteration mapping and structural geological studies show that elevated gold values in the intrusive are related to areas of strong potassic alteration, increased pyrite content and high fracture densities. Gold occurs as tiny grains of free gold located within quartz veins, adjacent to pyrite patches and finely disseminated in the intrusive or volcanic matrix.

Diamond drilling completed to date has found four different styles of gold mineralization over this large mineralized area. All four styles of mineralization have the potential to host economically significant gold deposits. The four styles are:

1) The high-grade corridor occurs immediately to grid west of the Gold Mountain Zone discovery area, where the majority of drilling to date has been conducted. This corridor shows up very prominently on the airborne magnetic survey map (both total field and vertical gradient). Three diamond drill holes, collared at 2+00N, 9+00N and 21+00N (over a strike length of 1.9 kilometres), each had 2 metre intercepts of high-grade gold mineralization.

2) The intrusive-volcanic contact has been crossed by numerous drill holes. In many of these drill holes, the contact has intervals with widths of 4 to 10 metres or more that have variably elevated gold values (often averaging better than 5 g/t gold). Elevated gold along the contact has been found from 6+00N to 11+50N (a distance of 550 metres). The most consistent area of high gold values along the contact is found in the discovery area near L11+00N where the contact mineralization remains open to depth.

3) The bulk tonnage, low-grade gold area was the initial focus of Apex’s early drill programs. Many of the discovery area drill holes have broad zones of >1 g/t gold values. With the recent increase in gold price, the excellent infrastructure in this region and metallurgical studies pointing to easy gold recovery, a low cut off grade can be assumed for a large bulk tonnage deposit. Of the 72 holes drilled in the Gold Mountain, North Gold Mountain and South Gold Mountain Zones (over an area of 2.3 by 0.8 kilometres), 47 holes averaged >0.3 g/t gold over their entire lengths and the low grade gold zone remains open.

4) The bonanza shoots of very high-grade gold mineralization have been found in the Gold Mountain Zone discovery area. In hole 01GM-03, a 1.23 metre interval assayed 240.07 g/t gold in the intrusive rock and in hole 01GM-08, a 2 metre interval assayed 172.10 g/t gold in volcanic rock. By orienting core with foliations parallel to the regional trend it appears that the high grade shoots (as seen by abundant small grains of visible gold) strike roughly parallel to the grid lines (and the orientation of much of the drilling) and dip vertically. Computer modeling will assist in directing further drilling of these bonanza shoots.

The Gold Mountain Zone is a unique bi-modal gold system, containing bulk tonnage porphyry style gold mineralization and narrower, very high-grade gold shoots. Geology, geochemistry, geophysics, trenching and diamond drilling all confirm a very large gold bearing system.

The Gold Mountain Zone Initial Ore Resource has been included in the Initial Resource Calculations on the Kena Gold Property, which were filed with the Securities Commission on June 15, 2004 (see Kena Property Resource below).

More drilling is needed to fully define the Gold Mountain Zone system.
South Gold Zone

Gold mineralization (along with copper and silver), as seen from drill core assays, increases and becomes more widespread toward grid south. The prominent magnetic feature seen in the Gold Mountain Zone trends south through the Kena Gold Zone to the South Gold Zone, a distance of over 5 kilometres. This feature is believed to be an important regional control to gold mineralization and may be important in controlling the gold mineralization regionally.

The South Gold Zone was investigated with four diamond drill holes situated entirely within the Elise volcanic package. The gold grades from hole 02SG-04, the southern most hole, are very similar to those encountered in the Gold Mountain Zone discovery area. In this hole, a high-grade gold shoot lies within a broad zone of low-grade gold mineralization. The high-grade mineralization occurs in a rusty, pyritic, broken section of core while the lower grade halo appears to be related to silica/potassium alteration as seen in the Gold Mountain Zone.
Great Western Zone

The Great Western Zone is an extensive gold soil anomaly centered over several historic showings located 1.0 kilometre west of the Gold Mountain Discovery area. The broad widths of gold mineralization in the Great Western Zone are located within the Silver King intrusive and are associated with areas of increased quartz and quartz-sulphide veining or adjacent to magnetic lamprophyre dykes. Both the veins and the dykes are readily visible in core and a systematic drill program is required to determine their strike, dip and continuity.
Starlight Trend

The Starlight Trend is located in volcanic rocks immediately to the southwest of the Great Western. Mineralization at the Starlight trend follows a strongly chargeable shear feature that is traceable by geophysics and by the presence of numerous historic workings for over 3 kilometres. The gold mineralization within this structure consists of both high-grade quartz veins and broader lower grade stockwork zones. From the small amount of drilling done along this trend it appears that the gold mineralization is confined to about a 50 metre wide interval located between a series of northwest trending, mafic dykes.
Kena Gold Zone

The Kena Gold Zone lies 500 metres southeast of the Gold Mountain Zone. The Kena Gold Zone has been tested with some 55 diamond drill holes conducted predominantly by previous property owners. Like the Gold Mountain Zone, high-grade gold intervals are found within wide zones of lower grade gold mineralization.

The Kena Gold zone Initial Ore Resource has been included in the Initial Resource Calculations on the Kena Gold Property, which were filed with the Securities Commission on June 15, 2004 (see Kena Property Resource below).

More drilling is needed to fully define the Kena Gold Zone system.
New Showings

In late 2000, following discovery of significant gold mineralization at the Gold Mountain Zone within the Silver King intrusive rocks, Apex Resources researched the regional geological setting of this unit. Additional ground was obtained in 2000, 2001 and 2002 by staking to the south of the original claim block, and by optioning claims to the north and west.

During the course of the staking program, the historic Euphrates, Gold Cup and Three Friends workings were located and sampled. Grab samples from the old workings assayed up to 20.7 g/t gold and 2.59% copper from samples collected between 8 and 15 kilometres south of the Gold Mountain Zone.
Kena Property Resource - June 2004

The completed initial resource calculations on the Gold Mountain and Kena Gold Zones of its Kena Property, in the Kootenay District of British Columbia were announced in June 2004. Modeling, QAQC evaluations and resource calculations were done by Independent Qualified Person Gary Giroux, P.Eng., MASc., and the accompanying 43-101 Technical Report entitled “Preliminary Resource Calculations for Gold Mountain and Kena Gold zones, Kena Property, BC” was co-authored by Gary Giroux, P.Eng. and Linda Dandy, P.Geo (filed with SEDAR on June 16, 2004).

Over both gold zones, resource calculations have been determined using cut off grades ranging from 0.0 to 4.0 g Au/t (see Tables I & II). Management believes that a cut off grade of 0.5 g/t gold is realistic for an open pit mining operation at current gold prices. Using a 0.5 g/t gold cut-off the results of this initial resource calculation may be summarised as follows:
Gold Mountain Zone:

Measured + Indicated = 5,490,000 tonnes at 1.040 g/t

(184,000 ounces gold)
Inferred = 10,710,000 tonnes at 0.967 g/t

(333,000 ounces gold)
Kena Gold Zone:

Measured + Indicated = 6,330,000 tonnes at 0.969 g/t

(197,000 ounces gold)
Inferred = 1,440,000 tonnes at 1.216 g/t

(56,000 ounces gold)

Computer modeling done as part of the resource study indicates numerous untested areas adjacent to mineralized blocks. The report recommends that a $1.27 million diamond drill program be conducted in order to significantly expand resources in the Gold Mountain and Kena Gold Zones.

Both the Gold Mountain and Kena Gold Zones contain bimodal gold mineralization where the entire lengths of the drill holes often average between 0.3 g Au/t to greater than 1.0 g Au/t, and may contain one or more 1-2 metre intercepts of greater than 10 g Au/t (see previous news releases from 2001-2003). The high-grade gold intervals have an important positive impact on the overall grade of the surrounding lower grade porphyry style mineralization. The parameters of the study are discussed in detail below.
Kena Property Resource - Gold Mountain Zone

A total of 6,269 drill core sections have been assayed for gold on the Gold Mountain Zone. The gold assay values form a positively skewed distribution. Partitioning of lognormal cumulative probability plots produces statistics for 6 overlapping lognormal populations.

On the Gold Mountain Zone there are 7 assays, which are substantially above normal. A data cap is therefore necessary to reduce the effects of the two upper erratic populations representing a very small portion of the data. A cap level of two standard deviations past the mean of population 3 was selected resulting in a total of 7 samples being capped at 23.0 g Au/t. The seven samples capped had values as follows: 240.07, 172.1, 40.66, 34.44, 33.87, 32.36 and 29.84 g Au/t. While these samples might well represent some bonanza style of mineralization in narrow structures, at this time there is insufficient data to model or to possibly predict the orientation or magnitude of these structures.

A rotated block model with block dimensions 20 x 20 x 10 metres was placed over solids with the proportion of each block below the topographic surface and inside the solid recorded. The block model parameters are listed below.
Minimum Easting 479000E blocks 20 m wide

75 columns
Minimum Northing 5474400N blocks 20 m long

125 rows
Maximum Elevation 1650 blocks 10 m high

55 levels

Search ellipses to constrain the ordinary kriging runs were based on the ranges of the semivariograms along the three principal directions; along strike, down dip and across dip. The blocks were estimated in 4 separate passes with the dimensions of the search ellipse a function of the semivariogram ranges. A minimum of 3 composites and maximum of 8 composites were required to estimate a block. If more than 8 composites were found within the search ellipse, the closest 8 were used. If the minimum 3 composites were not found the block was not estimated during that particular pass.

The Gold Mountain mineralized zone is contained within a mixture of intrusive and volcanic rocks. Specific gravity was measured in 6 intrusive samples and four volcanic samples. The highest value of 3.28 was removed from the calculation and the remaining 9 samples averaged at 2.82.
85,790,000 @ 0.48 g/t Au Inferred**
=1,318,000 Ounces GOLD
(Using a 0.3 g/t GOLD Cut-off)

**Mineral Resources that are not mineral reserves do not have demonstrated economic viability

Multiple Historic Gold Mines and Known Gold & Copper-Gold Zones providing Upside Potential

Previous exploration work identified four large gold bearing targets:

Starlight Shear Zone- 50m wide zone has been traced by an IP survey for 3km along strike
North Star Shear Zone- 500m North. 54m wide and traced by an IP survey for 2km
Great Eastern Porphyry Gold Zone- 1.1km long x 500m wide gold soil anomaly centered 100m west of Great Eastern Gold Mine
Silver King Gold Corridor- 1km long x 600m wide gold soil anomaly. New gold veins ranging 5.16 to 80.4 g/t gold across widths of 0.2 to 2 meters

Within these zones several new showings have been discovered with gold grades similar to the historic mines Starlight, Victoria, Great Eastern and Daylight (Historical production ranging from 1.1 to 37.5 g/t gold, 15.2 to 139.8 g/t silver, 0.96% to 2.56% copper)

SOURCE: http://prizemining.com/

Disclaimer