Prize Mining Corporation announced that it has entered into two separate loan agreements dated September 18, 2019 with third parties for $150,000 each for an aggregate of $300,000. Both Loans will bear interest at 8% per annum. The principal amount and any accrued interest are due on the demand of the lenders and are secured with General Security Agreement against the Kena property. Proceeds of the loans will be used to pay off the Kena Option payment and for general administrative expenses. The Loan Agreement is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including approval of the TSX Venture Exchange.

The company announced that Yuying Liang has been appointed to the board of directors following the resignation of Jose Aviña.