Proof.
Assume (1). Then there exists an element m \in M such that \mathfrak p is minimal among the primes containing the annihilator I = \{ x \in R \mid xm = 0\} of m. As localization is exact, the annihilator of m in M_{\mathfrak p} is I_{\mathfrak p}. Hence \mathfrak pR_{\mathfrak p} is a minimal prime of R_{\mathfrak p} containing the annihilator I_{\mathfrak p} of m in M_{\mathfrak p}. This implies (2) holds, and also (3) as it implies that \sqrt{I_{\mathfrak p}} = \mathfrak pR_{\mathfrak p}.
Applying the implication (1) \Rightarrow (3) to M_{\mathfrak p} over R_{\mathfrak p} we see that (2) \Rightarrow (3).
Finally, assume (3). This means there exists an element m/f \in M_{\mathfrak p} whose annihilator has radical equal to \mathfrak pR_{\mathfrak p}. Then the annihilator I = \{ x \in R \mid xm = 0\} of m in M is such that \sqrt{I_{\mathfrak p}} = \mathfrak pR_{\mathfrak p}. Clearly this means that \mathfrak p contains I and is minimal among the primes containing I, i.e., (1) holds.
\square
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