CALGARY, ALBERTA--(Marketwired - June 4, 2013) - Prize Mining Corp. (TSX VENTURE:PRZ.H) (the "Corporation") announces that it has successfully received an order from the Court of Queen's Bench of Alberta extending the time in which it is permitted to hold its annual general and special meeting of shareholders (the "AGM") to a date no later than August 31, 2013.

The Corporation sought the extension because it is considering various transactions, which may require shareholder approval. With a view to minimizing costs, the Corporation plans to delay holding the AGM pending the successful negotiation of a transaction. At this point in time, no transaction has been successfully negotiated.

ON BEHALF OF THE BOARD OF PRIZE MINING CORPORATION

Feisal Somji, President and CEO

Reader Advisory

Certain statements contained herein constitute forward-looking statements, most particularly the expected meeting date of the Corporation's next annual general and special meeting and the successful negotiation of a transaction. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. Factors such as regulatory approvals and other related external factors may affect the forward-looking statements made in this press release. The Corporation believes the expectations reflected in these forward looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements in this press release should not be unduly relied upon. Forward-looking statements included in this press release are made as of the date of this press release and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.