PRAIRIE LITHIUM LIMITED — Call Transcript 2011

May 29, 2011

ASX Code: ZYL

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30 May 2011

Company Announcements Office Australian Securities Exchange Level 4 Exchange Centre 20 Bridge Street Sydney NSW 2000

ASX Reinstatement and Kangwane Project Shareholder and Investor Update Conference Call 1 June 2011 – 10am (WST)

ZYL Limited ( ZYL or the Company ) is pleased to announce that the Company will host a conference call to update shareholders and investors regarding the ASX reinstatement process and the progress made towards the completion of the BFS at the Kangwane Anthracite Project ( Kangwane Project ). This will provide shareholders and investors the ability to make enquiries directly to the Company.

Conference call details for callers within Australia are as follows:

Toll free No. 1800 153 721 (Australia) Participant Pin 351598#

International callers can dial into the conference call by using +61 2 8212 8333 or can alternatively dial the respective country number as follows:

Malaysia	1800 807 732
China	400 681 5431
France	0805 100 924
Germany	0800 000 3882
Hong Kong	800 933 733
Singapore	800 616 2259
South Africa	0800 999 544
South Korea	0079 8612 1002
India	1800 2004 412
Japan	0034 800 400 746
United Kingdom	0808 238 9067
United States	1866 307 0659

Shareholders and investors can press *0 at anytime for a live operator and, for trouble shooting, contact +61 (02) 8282 3465.

For further information regarding the Company, please contact the Company on +61 (08) 9486 4036 or refer to www.zyllimited.com.au

Yours faithfully,

Dr Eric Lilford Managing Director ZYL LIMITED

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