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PRAIRIE LITHIUM LIMITED Capital/Financing Update 2011

Dec 1, 2011

65572_rns_2011-12-01_0f0e7ed0-9519-4126-93d0-0f753af514ed.pdf

Capital/Financing Update

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ASX Code: ZYL

2 December 2011

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

Release of Securities from Escrow

In accordance with listing rule 3.10A, ZYL Limited advises that there are 10,000,000 ordinary shares due to be released from escrow on 17 December 2011.

For further information regarding the Company, please refer to www.zyllimited.com.au

About ZYL Limited

ZYL Limited is listed on the Australian Securities Exchange (ASX) and aims to become one of the world’s leading metallurgical coal producers. The mission of ZYL is to develop high margin metallurgical coal deposits for domestic and export markets. Flagship projects are the Kangwane and Mbila Projects in South Africa located close to rail, port, power and water infrastructure.

ENDS

Contacts:

Dr Eric Lilford, Managing Director, ZYL LIMITED T: +61 8 9486 4036 M: +61 (0) 424 757 452 E: [email protected] Thomas Murrell, Investor Relations M: +61 (0) 417 984 996 E: [email protected]