Ann: Approval of Spatial Development Plan Received, page-2

APPROVAL OF SPATIAL DEVELOPMENT PLAN RECEIVED
 Prairie receives spatial development plan approval for the Jan Karski Mine site

 Poland’s Ministry of Agriculture approves rezoning of 56 hectares of agricultural land for industrial use to allow for construction of a mine site, shafts and associated surface infrastructure

 Jan Karski is now one of the most advanced new large scale coking coal projects in the Northern Hemisphere

 Prairie notes the current strong coking coal price environment with spot market prices for hard coking coal remaining at ~US$200/t; semi-soft coking coal prices at ~USD105/t and benchmark for high volatile semi-soft coking coal at ~USD140/t

 Prairie continues to advance its two World Class coking coal projects in Poland alongside partners and investors including China Coal and CD Capital