PRAIRIE MINING LIMITED - Share Purchase Plan

POLISH FINANCIAL SUPERVISION AUTHORITY

UNI - EN REPORT No 6 / 2020

Date of issue: 2020-07-21

Short name of the issuer

PRAIRIE MINING LIMITED

Subject

Share Purchase Plan

Official market - legal basis

Unofficial market - legal basis

Contents of the report:

The Company is pleased to offer Eligible Shareholders the opportunity to participate in the Company's share purchase plan (Offer). The Offer will give Eligible Shareholders the opportunity to apply for up to for up to A$30,000 (PLN81.900) worth of New Shares at an issue price of A$0.25 (PLN0.69) for each New Share (Issue Price) without incurring brokerage or other transaction costs. The Company intends to raise A$4 million (approximately €2.5 million) from Eligible Shareholders and intends to use the proceeds of the Offer for working capital requirements and business development opportunities following the announcement on 1 July 2020 that the Company has secured funding for A$18 million (US$12.3 million) to pursue an arbitration claim against the Republic of Poland for breaches of the Australian – Poland Bilateral Investment Treaty (BIT) and the UK – Poland Energy Charter Treaty (ECT). The Offer is offered exclusively to all Eligible Shareholders (including Custodians), being registered holders of Shares as at 5.00pm (Perth time) on 20 July 2020 (Record Date) with a registered address in Australia, New Zealand, the United Kingdom, Germany or Poland, and not resident or located in the United States or any other jurisdiction in or into which an offer of New Shares would be unlawful (Eligible Shareholders). Polish Information Memorandum This announcement does not constitute a basis for conducting any offer of the New Shares in Poland nor shall it be relied upon by any investor in Poland. For information on the offer of the New Shares in Poland investors should refer to the Polish Information Memorandum. A copy of the Polish Information Memorandum will be made available on the Company’s website www.pdz.com.au in due course. The Polish Information Memorandum contains a summary of risk factors relating to the Company. Potential investors should consider these risk factors in addition to the public available information in relation to the Company. For further information, please contact the Company at [phone] or [email protected]

Annexes

File Description

PRAIRIE MINING LIMITED

(fullname of the issuer)

PRAIRIE MINING LIMITED

(short name of the issuer) (sector according to clasification of the WSE in Warsow)

WA 6000 Perth

(post code) (city)

Level 9, 28 The Esplanade

(street) (number)

[phone] [phone]

(phone number) (fax)

[email protected] www.pdz.com.au

(e-mail) (web site)

ABN 23008677852

(NIP) (REGON)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY

Date Name Position / Function Signature

2020-07-21 Dylan Browne Company Secretary