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New Appointment

Wednesday, August 1st, 2007

Prize Mining Corporation is pleased to report that Mr. Brian Farrell has joined the company as its new Chief Financial Officer. Mr. Farrell is currently a Director of Prize.
Mr. Farrell is a Chartered Accountant with over 25 years of financing and accounting experience. Mr. Farrell has been a partner with three public accounting firms and CFO to both a large privately held development company and to a TSXV listed mining corporation. Mr. Farrell has served on many boards in both the private and public sectors.
Prize is pleased that Mr. Farrell has agreed to join the management team as his experience in business transactions and financings will help the company to continue to grow. Mr. Farrell was sought out by the company due to his expertise in operating and development companies and, with Prize moving rapidly towards the development of its Atlin Gold Project, Mr. Farrell will continue the implementation of disclosure and internal systems in response to this transition from exploration to development and in the increased requirements under Canadian SOX. Bob Ashauer is no longer with the Company.

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