Prairie Mining Ltd. — Share Issue/Capital Change 2021

Oct 7, 2021

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

PRAIRIE MINING LIMITED

Date of this announcement

Friday October 08, 2021

The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
PDZAQ	PERFORMANCE SHARE RIGHT	11,000,000	08/10/2021

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

PRAIRIE MINING LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ABN

Registration number

23008677852

1.3 ASX issuer code

PDZ

1.4 The announcement is

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New announcement

1.5 Date of this announcement

8/10/2021

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date and Announcement Title Selected Appendix 3B to submit quotation Time request 06-Oct-2021 15:21 New - Proposed issue of securities - A placement or other type of issue PDZ

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B? Yes

2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B

Issue of shares on completion of the non-renounceable pro rata entitlements issue

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description PDZAQ : PERFORMANCE SHARE RIGHT Date the +securities the subject of this notification were issued 8/10/2021 Any other information the entity wishes to provide about the +securities the subject of this notification Class A Performance Right expiring 8 October 2026. Refer to announcement entitled "Prairie Acquires Interest in Highly Prospective Greenland Copper Province" dated 6 October 2021 fur further details

Issue details Number of +securities 5,000,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities In consideration of Prairie acquiring an interest in the Arctic Rift Copper Project in Greenland

ASX +security code and description PDZAQ : PERFORMANCE SHARE RIGHT Date the +securities the subject of this notification were issued 8/10/2021 Any other information the entity wishes to provide about the +securities the subject of this notification Class B Performance Right expiring 8 October 2026. Refer to announcement entitled "Prairie Acquires Interest in Highly Prospective Greenland Copper Province" dated 6 October 2021 fur further details

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Issue details

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Number of +securities

6,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

In consideration of Prairie acquiring an interest in the Arctic Rift Copper Project in Greenland

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
PDZ : ORDINARY FULLY PAID	228,355,089
4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
PDZAT : OPTION EXPIRING 30-MAY-2021 EX 60C	22,388,060
PDZAQ : PERFORMANCE SHARE RIGHT	17,225,000
PDZAS : CONVERTIBLE NOTES	5,711,805

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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