Vancouver, British Columbia(February 14, 2019) - PRIZE MINING CORPORATION ("Prize" orthe "Company") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) announces thatpursuant to the Alberta Securities Commission order of February 12, 2019 withrespect to Prize (the "ASC Order"), the Company is providing additionaldisclosure with respect to its previously issued news release on June 21, 2018headlined “Prize Mining Announces Amended Terms of Non-Brokers PrivatePlacement and Major Lead Orders” (the “June News Release”) andthe July 6, 2018 closing of such non-brokered private placement (the "JulyFinancing").
Prize hereby provides the following additional informationwith respect to the June News Release and the July Financing:
commitments by several investors to provide Prize with the$6.5 million financing that closed in the July Financing were conditional onPrize entering into 18 consulting agreements (the “ConsultingAgreements”) with various parties; immediately upon receipt of the proceeds of the JulyFinancing, aggregate consideration of $5.5 million was to be paid by Prize tothe parties to the Consulting Agreements; some of the investors in the July Financing were directly orindirectly parties to some of the Consulting Agreements; and a number of the Consulting Agreements purported to providePrize with the same or similar services.The ASC Order provided that all trading in or purchasing ofsecurities of Prize must cease, and all of the exemptions contained in theAlberta securities laws do not apply to Prize, but that the ASC Order expiresat 6:00 p.m. (MST) on the business day following the dissemination of this newsrelease.
About Prize Mining Corporation
Prize isa junior mining issuer listed on the TSX Venture Exchange. Prize is focused on the exploration anddevelopment of the Manto Negro Copper Property in Mexico and the Kena GoldProperty in BC. Find out more at: www.prizemining.com
For moreinformation please contact:
Michael McPhie
President and CEO
Tel. 604-336-1327
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Reader Advisory
Neither the TSX VentureExchange nor its Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
This news release contains statements andinformation that, to the extent that they are not historical fact, constitute“forward-looking information” within the meaning of applicablesecurities legislation. Forward-looking information is based on the reasonableassumptions, estimates, analysis and opinions of management made in light ofits experience and its perception of trends, current conditions and expecteddevelopments, as well as other factors that management believes to be relevantand reasonable in the circumstances at the date that such statements are made,but which may prove to be incorrect.
Forward-looking informationinvolves known and unknown risks, uncertainties and other factors that maycause the actual results, performance or achievements of the Company to differmaterially from any future results, performance or achievements expressed orimplied by the forward-looking information. Accordingly, readers should notplace undue reliance on any such forward-looking information. Further, anyforward-looking statement speaks only as of the date on which such statement ismade. New factors emerge from time to time, and it is not possible for theCompany’s management to predict all of such factors and to assess in advancethe impact of each such factor on the Company’s business or the extent to whichany factor, or combination of factors, may cause actual results to differmaterially from those contained in any forward-looking statements. The Companydoes not undertake any obligation to update any forward-looking information toreflect information, events, results, circumstances or otherwise after the datehereof or to reflect the occurrence of unanticipated events, except as requiredby law including securities laws.