Prairie Commences Scoping Study at Recently Acquired Debiensko Hard Coking Coal Project

25/2016 - 29 listopada 2016

PRAIRIE MINING LIMITED

NEWS RELEASE | 29 November 2016

Prairie Commences Scoping Study at Recently Acquired Debiensko Hard Coking Coal Project

HIGHLIGHTS:

•Prairie has commenced work on a Scoping Study at the Debiensko Hard Coking Coal Project

•The Scoping Study will explore options for the near term development of profitable coal seams whilst minimising upfront capital costs

•Independent mining consultancy, Royal HaskoningDHV, has been appointed to manage the study

•A Maiden JORC Resource Estimate for Debiensko will be announced early next year to support the Scoping Study mine plan

•The Debiensko Scoping Study is due for completion during early to mid-2017

Prairie Mining Limited („Prairie” or „Company”) is pleased to announce the commencement of work on a Scoping Study at its recently acquired Debiensko Hard Coking Coal Project („Debiensko” or „Project”) in southern Poland.

In October 2016, Prairie announced that it had acquired Debiensko, a fully permitted, „mine ready” hard coking coal project of significant scale. This transformational acquisiton marked Prairie’s entry into the hard coking coal sector, complementing the Company’s advanced Jan Karski Mine, and creating a multi-project coal development company based in Poland to supply European industry.Prairie believes Debiensko has the potential to become a strategically important supplier to the European steelmaking industry. Therefore, the Company has accelerated project works by commencing a Scoping Study to be completed early to mid-2017. The Scoping Study will be completed to international standards and will focus on near term production opportunities with minimal upfront capital.

Prairie will publish a maiden JORC Resource Estimate early 2017 which will support the Scoping Study mine plan.

Prairie’s CEO Mr. Ben Stoikovich said „As promised, we are rapidly advancing the assessment of our Debiensko project with a Scoping Study now underway. Royal HaskoningDHV are independent mining consultants who bring significant experience in deep underground coal mining, both in Europe and internationally. We are looking forward to announcing a maiden JORC Resource Estimate early next year which will be used to support the Scoping Study at Debiensko.”

Appointment of Scoping Study Consultants

Prairie has appointed Royal HaskoningDHV to complete the Scoping Study given their extensive and recent track record of successful involvement in coal projects including Prairie’s Jan Karski Mine.

Royal HaskoningDHV has over 135 years of experience and carries out some 30,000 projects every year in planning and transport, infrastructure, water, maritime, aviation, industry, energy, mining and buildings. It has a proud heritage of bringing leading expertise and innovation to the market and is deeply committed to business integrity and sustainable development. In combination with its international office network, Royal HaskoningDHV delivers world-class solutions locally to clients around the globe, for the public and private sector.

Royal HaskoningDHV have worked extensively in deep European coal mining including in the UK, Kazakhstan and Poland.

DHV Hydroprojekt, a company of Royal HaskoningDHV has a legacy of providing water solutions for mining in Poland. Established in 1951 and with a head office in Warsaw, DHV Hydroprojekt is one of the leading engineering companies in the country; with over 60 years’ experience providing services to the mining, water, power, civils, and transport industries. Their primary skills include tailings storage facility design, mine rehabilitation, water management, hydraulic engineering and environmental protection.

For further information, contact:

Ben Stoikovich

Chief Executive Officer

+44 207 478 3900

Artur Kluczny

Group Executive – Poland

+48 22 351 73 80

Sapan Ghai

Corporate Development

+44 207 478 3900