Prize Mining Announces Termination of Earn-In Agreement

- June 23rd, 2010

Prize Mining Corp. (TSX VENTURE:PRZ) announced that the Earn-in Agreement with Silvermet Inc., in respect of the exploration and development of Prize’s Muskox Intrusion Property located in the Nunavut Territory, has been terminated by Silvermet without Silvermet having earned or otherwise acquired an interest in the Property.

Prize Mining Corp. (TSX VENTURE:PRZ) announced that the Earn-in Agreement with Silvermet Inc., in respect of the exploration and development of Prize’s Muskox Intrusion Property located in the Nunavut Territory, has been terminated by Silvermet without Silvermet having earned or otherwise acquired an interest in the Property.

The press release is quoted as saying:

Prize Mining Corporation (TSX VENTURE: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.

Click here to access the entire press release

Click here to access Prize Mining Corporate Site

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