CALGARY, ALBERTA--(Marketwire - May 20, 2009) - Prize Mining Corporation (TSX VENTURE:PRZ - News; "Prize") is pleased to announce the results of the Annual General and Special Meeting of the shareholders of Prize held on May 15, 2009. At the meeting, Feisal Somji, A.J.H. (Harry) McGucken, Brian Farrell, Tim Bergen and Dr. Wayne Savigny, were elected as the board of directors for the upcoming year. In addition to the annual resolutions including the re-appointment of Davidson & Company as the auditors, a resolution was passed re-approving the existing stock option plan as required by the TSX Venture Exchange.

About Prize Mining

Prize Mining Corporation (TSX VENTURE:PRZ - News) 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.

ON BEHALF OF THE BOARD OF PRIZE MINING CORPORATION

Harry McGucken, President and CEO

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.

Jamie Mathers
Prize Mining Corporation
Investor Relations
604-684-4743 or Toll Free: 1-866-684-4743
info@prizemining.com
www.prizemining.com