prize mining provides update on regulatory matters

VANCOUVER, Jan. 17, 2019 – PRIZE MINING CORPORATION (“Prize” or the “Company”) (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) wishes to provide an update on the status of the Alberta Securities Commission Notice of Application dated December 21, 2018 seeking an interim order pursuant to section 33 and 198 of the Securities Act(Alberta), which names the Company as a respondent. Counsel for Prize applied for a further adjournment in order to obtain sufficient time to prepare its response to properly address the matters noted in the Notice of Application. The Alberta Securities Commission issued a variation order (the “Order”) dated January 14, 2019 to adjourn the hearing to February 1, 2019. The Order also requires that all trading in securities of Prize cease and that Prize must cease trading in all securities and that all exemptions contained in Alberta securities laws do not apply to Prize pending the determination of the hearing.