Vancouver, May 27, 2019 – PRIZE MINING CORPORATION (TSX-V: PRZ, Frankfurt: MQSP, OTCQB: PRZFF) (the “Company or “Prize”) is pleased to announce that, further to its news release of May 1, 2019, it has closed the first tranche of a non-brokered private placement (the “Offering”) of 25,200,000 common shares (the “Shares”) at a price of $0.025 per Share for gross proceeds of $630,000.