Prize Mining Corporation announced the resignation of Michael McPhie as CEO, President and a Director of Prize. Gary Claytens has been appointed as CEO, President and Director on an interim basis. Mr. McPhie will remain as a consultant to the company and will assist with transitional matters and advancing the company's interests in British Columbia, Mexico and Ontario.

Claytens has held positions with various producing mining and oil companies that are both public and private. Previously, Mr. Claytens held the position of stockbroker with Yorkton Securities in the mid 1980's, before being hired as a mining analyst with a mid-sized exploration company in Vancouver. He currently serves as a Director and Vice President of Vanstar Mining Resources who have an exciting gold discovery in Quebec with Iamgold.

Mr. Claytens is also the founder and CEO of a private oil and gas company with light oil production in Alberta.