Prize Mining Closes First Tranche of Brokered Private Placement

August 27, 2018, Calgary, AB – PRIZE MINING CORPORATION (“Prize” or the “Company”) (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) is pleased to announce that the Company has closed the first tranche of the previously announce brokered private placement (the “Offering”) (see press release on July 3, 2018), led by Integral Wealth Securities Ltd. (the “Agent”), and Paradigm Capital Inc. and Eight Capital Corp. (together with the Agent, the “Syndicate”) of 10,199,998 units (the “Units”) of the Company at a price of $0.15 per Unit (the “Unit Price”) for gross proceeds of approximately $1,530,000.