Mr. Feisal Somji reports

PRIZE MINING RECEIVES ASSAY RESULTS OF INITIAL DRILLING ON ITS DAYLIGHT PROPERTY

Prize Mining Corp. has received final assay results from its initial drilling program on the Daylight property located in southeastern British Columbia.

Encouraging assay results have been obtained from an 18-hole drill program which tested a number of targets identified from a combination of soil geochemical anomalies, elevated surface rock sample results, geophysical indicators, historical drilling records and surface workings.

Highlights from the 2017 daylight drilling program include:

• Hole DL17005 on the Great Western zone intersected a 0.9-metre interval which assayed 63.7 grams per tonne gold encountered at 46.4 m depth. Above this interval, results returned 32.6 metres of 1.16 g/t gold hosted in strongly altered granodioritic rock of the Jurassic Silver King formation (JSK). This intercept includes 0.5 metre of 20.9 g/t gold, 0.79 metre of 11.6 g/t gold and 0.6 metre of 10.3 g/t gold associated with vuggy quartz-carbonate veins containing semi-massive pyrite and blebby chalcopyrite.
• Hole DL17007 on the Great Western zone intersected a 71.22-metre interval of 1.09 g/t gold at 74.28 metres encountered in strongly altered JSK. This interval includes 0.5 metre of 7.36 g/t gold and 4.91 metres of 4.39 g/t gold with a 0.48-metre spike of 21.2 g/t gold associated with quartz-carbonate veining/swarms containing pyrite and chalcopyrite. Also in DL17007, is a deeper 19-metre intercept of 1.0 g/t gold at 168 metres.
• Hole DL17016 on the Daylight zone intersected a five-metre intercept of 2.76 g/t gold (including one metre of 5.77 g/t gold) from a set of quartz-carbonate veins hosted in intermediate to mafic volcanic rocks.

Feisal Somji, Prize's chief executive officer, commented: "These encouraging results confirm the presence of significant widths of mineralization along both the Great Western/Eastern and Victoria/Starlight/Daylight zones on Prize's Daylight property. We are particularly excited by the high-grade shoots located within the broad zones of gold mineralization. We expect to receive drill assay results of the recently completed drill program at the Toughnut property soon and from there we are eager to start a follow-up drilling program based on the results of the drill programs on each of the Daylight and Toughnut properties."

Daylight drilling results

                       SIGNIFICANT ASSAY RESULTS
  
Hole             From         To          Width*         Au         Ag 
ID                (m)        (m)             (m)      (g/t)      (g/t)

DL17001         44.00      44.52            0.52       2.71       4.09
and             52.07      52.38            0.31       0.75     145.53
DL17002         64.55      65.12            0.57       1.04       7.39
and             75.43      93.00           17.57       0.58
including       92.10      93.00            0.90       2.60       3.91
DL17003         17.50      18.00            0.50       7.31      11.48
and             50.37      50.84            0.47       4.75       4.46
and             53.41      53.87            0.46       0.92       0.54
and             79.00      80.00            1.00       1.04       2.35
DL17004         99.55     100.12            0.57       1.88       1.54
DL17005          7.40      40.00           32.60       1.16
including        9.30       9.80            0.50       20.9      32.53
including       18.21      19.00            0.79       11.6      28.56
including       30.00      30.60            0.60       10.3       8.87
and             46.40      47.30            0.90       63.7      24.43
and             64.07      66.00            1.93       1.72       2.11
DL17006        113.00     115.00            2.00       2.56       3.81
DL17007         17.00      19.00            2.00       1.12       0.99
and             64.48      64.96            0.48       1.54       0.73
and             74.28     145.50           71.22       1.09
including       80.50      81.00            0.50       7.36      18.83
including      128.32     128.80            0.48       21.2      45.05
and            168.00     187.00           19.00       1.00
including      176.34     176.84            0.50        9.0       7.08
DL17011         59.09      60.35            1.26       3.21       4.67
and             90.00      91.06            1.06       5.76      10.84
and            125.00     126.06            1.06       1.37       2.49
and            138.00     139.20            1.20       1.28       2.78
and            142.00     143.00            1.00       1.06       1.91
DL17016         95.21      96.50            1.29       1.15       0.42
and            136.00     141.00            5.00       2.76
including      136.00     137.00            1.00       5.77       2.73

* Widths indicated in the table are drill core intercepts. Drill hole 
alignment was designed to intersect mineralization at near- 
perpendicular orientations; however, the core intervals listed in 
the table do not represent true widths.

Diamond drilling and sampling procedures

The company engaged TerraLogic Exploration Inc. of Cranbrook, B.C., as contractor to carry out the drill program recently completed on each of the Daylight and Toughnut properties

All samples were assayed by Bureau Veritas, in Vancouver, B.C. Analytical packages utilized a strong acid ICP (inductively coupled plasma) analysis (MA250) and gold fire assay analysis on a large 50-gram split (FA450). Gravimetric analysis (FA550) were carried out on any overdetection gold assays greater than 10 g/t.

Quality control

The company follows a rigorous quality assurance/quality control program over the chain of custody of samples and the insertion of standards, blanks and duplicates into the sample stream submitted to the laboratory for analysis. TerraLogic personnel maintained a rigorous and independent QA/QC program throughout the duration of the core sampling program. Standards were inserted every 20 samples and duplicate samples of suspected high-grade intervals were always followed by blanks to ensure smearing effect was not an issue.

Bureau Veritas is wholly independent of Prize Mining and TerraLogic and is accredited under CAN-P-4E (ISO/IEC 17025): General Requirements for the Competence of Testing and Calibration Laboratories, ISO/IEC 17025-2005.

Jarrod Brown, PGeo, of TerraLogic, a qualified person under National Instrument 43-101, is the company's nominated qualified person responsible for monitoring the supervision and quality control of the programs completed on the company's properties. Mr. Brown has approved and verified the scientific and technical information in this news release based through his experience with the Daylight property in general.

For additional information regarding the Daylight property, please refer to the independent technical report entitled "Technical report for the Kena project, Nelson, B.C.," dated June 2, 2017, a copy of which is available on SEDAR under the company's profile. Information regarding the results of the summer 2017 fieldwork completed by Prize on the Daylight property can be found in Prize's news releases of Nov. 9, 2017, Aug. 29, 2017, Aug. 15, 2017, July 26, 2017, and June 28, 2017.

About Prize Mining Corp.

Prize is a Calgary-based junior mining issuer with offices in Calgary, Alta., and is engaged in the acquisition, exploration and development of mining properties.

We seek Safe Harbor.