Prairie Mining Ltd. — Regulatory Filings 2021

Jan 5, 2021

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6 January 2021

Daniel Nicholson Australia Securities Exchange Level 40, Central Park 152-158 St Georges terrace Perth WA 6000

By email: daniel.nicholson@asx.com.au

Dear Daniel,

Response to Price and Volume Query

In response to your correspondence dated 6 January 2021 regarding an increase in the Company’s share price and in the volume of trading securities, the Company’s response is as follows:

1. The Company is not aware of any information that has not been announced which, if known, could be an explanation for recent trading in the securities of the Company.

2. Not applicable.

3. The Company has no other explanation as to why there has been an increase in the price and volume of trading in the securities of the Company.

4. The Company confirms that it is in compliance with the listing rules, in particular, Listing Rule 3.1.

5. The Company confirms that its responses to the questions above have been authorised and approved in accordance with its published continuous disclosure policy or otherwise by its board or an officer of the Company with delegated authority from the board to respond to ASX on disclosure matters.

Yours faithfully

[sent electronically without signature]

Dylan Browne Company Secretary

Email: info@pdz.com.au Website: www.pdz.com.au ABN: 23 008 677 852 ASX/LSE/WSE: PDZ

London Office Warsaw Office Registered Office

Unit 3C, 38 Jermyn Street | London | SWY1 6DN Ul. Wspólna 35 lok. 4 | Warsaw | 00-519 Level 9, 28 Esplanade | Perth | WA | 6000

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6 January 2021

Reference: 29360

Mr Dylan Browne Company Secretary Prairie Mining Limited

By email

Dear Mr Browne

Prairie Mining Limited (‘PDZ’): Price and Volume - Query

ASX refers to the following:

• A. The change in the price of PDZ’s securities from a low of $0.18 on Wednesday, 30 December 2020, to an intraday high of $0.34 at the time of writing, today.

• B. The significant increase in the volume of PDZ’s securities traded from 30 December 2020 to 6 January 2021.

Request for information

In light of this, ASX asks PDZ to respond separately to each of the following questions and requests for information:

1. Is PDZ aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities?

2. If the answer to question 1 is “yes”.

   • (a) Is PDZ relying on Listing Rule 3.1A not to announce that information under Listing Rule 3.1? Please note that the recent trading in PDZ’s securities would suggest to ASX that such information may have ceased to be confidential and therefore PDZ may no longer be able to rely on Listing Rule 3.1A. Accordingly, if the answer to this question is “yes”, you need to contact us immediately to discuss the situation.

   • (b) Can an announcement be made immediately? Please note, if the answer to this question is “no”, you need to contact us immediately to discuss requesting a trading halt (see below).

   • (c) If an announcement cannot be made immediately, why not and when is it expected that an announcement will be made?

3. If the answer to question 1 is “no”, is there any other explanation that PDZ may have for the recent trading in its securities?

4. Please confirm that PDZ is complying with the Listing Rules and, in particular, Listing Rule 3.1.

5. Please confirm that PDZ’s responses to the questions above have been authorised and approved under its published continuous disclosure policy or otherwise by its board or an officer of PDZ with delegated authority from the board to respond to ASX on disclosure matters.

When and where to send your response

This request is made under Listing Rule 18.7. Your response is required as soon as reasonably possible and, in any event, by no later than 10:30 AM AWST Wednesday, 6 January 2021 . You should note that if the information requested by this letter is information required to be given to ASX under Listing Rule 3.1 and it does not fall

ASX Customer Service Centre 131 279 | asx.com.au

ASX Limited [[Listings]]

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within the exceptions mentioned in Listing Rule 3.1A, PDZ’s obligation is to disclose the information ‘immediately’. This may require the information to be disclosed before the deadline set out in the previous paragraph and may require PDZ to request a trading halt immediately.

Your response should be sent to me by e-mail at ListingsCompliancePerth@asx.com.au . It should not be sent directly to the ASX Market Announcements Office. This is to allow me to review your response to confirm that it is in a form appropriate for release to the market, before it is published on the ASX Market Announcements Platform.

Trading halt

If you are unable to respond to this letter by the time specified above, or if the answer to question 1 is “yes” and an announcement cannot be made immediately, you should discuss with us whether it is appropriate to request a trading halt in PDZ’s securities under Listing Rule 17.1. If you wish a trading halt, you must tell us:

• the reasons for the trading halt;

• how long you want the trading halt to last;

• the event you expect to happen that will end the trading halt;

• that you are not aware of any reason why the trading halt should not be granted; and

• any other information necessary to inform the market about the trading halt, or that we ask for.

We require the request for a trading halt to be in writing. The trading halt cannot extend past the commencement of normal trading on the second day after the day on which it is granted. You can find further information about trading halts in Guidance Note 16 Trading Halts & Voluntary Suspensions .

Suspension

If you are unable to respond to this letter by the time specified above, ASX will likely suspend trading in PDZ’s securities under Listing Rule 17.3.

Listing Rules 3.1 and 3.1A

In responding to this letter, you should have regard to PDZ’s obligations under Listing Rules 3.1 and 3.1A and also to Guidance Note 8 Continuous Disclosure : Listing Rules 3.1 – 3.1B. It should be noted that PDZ’s obligation to disclose information under Listing Rule 3.1 is not confined to, nor is it necessarily satisfied by, answering the questions set out in this letter.

Release of correspondence between ASX and entity

We reserve the right to release a copy of this letter, your reply and any other related correspondence between us to the market under Listing Rule 18.7A.

2/3 ASX Customer Service Centre 131 279 | asx.com.au

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Questions

If you have any questions in relation to the above, please do not hesitate to contact me.

Yours faithfully

Daniel Nicholson

Adviser, Listings Compliance (Perth)

3/3 ASX Customer Service Centre 131 279 | asx.com.au