Prize Mining Enters Agreement to Acquire the Manto Negro Copper Project in Mexico

PRIZE MINING CORPORATION (“Prize” or the “Company”) (TSXV:PRZ) (OTCQB: PRZFF) (MQSP:GR:FRANKFURT) is pleased to announce that it has entered into an agreement pursuant to which it has agreed to indirectly acquire a 100% interest the Manto Negro Copper Project in exchange for 6 million common shares (the “Acquisition”). The Project is not encumbered by any royalties.
As quoted in the press release:

“In our search for a great quality exploration and development copper asset, Prize looked for three key things:  good grade and favorable metallurgy, size and exploration upside potential and the ability to bring the project into near term production to take advantage of a rising copper market” states Feisal Somji President and CEO of Prize.  “The average grade of samples taken from a large number of showings throughout the Manto Negro Copper Project range from 1.5 to 2% Cu and 60 to 90 g/t Ag, with many showings having average grades well above this range.  The Project has excellent exploration potential extending over 50 kilometres in length giving ample opportunity to put together world class tonnage. Lastly, this is a near surface oxidized deposit and the existing metallurgical information suggests straightforward and relatively inexpensive processing options.”

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