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Prairie Mining Limited NEWS RELEASE | [ 30 ] July 2021 JUNE 2021 QUARTERLY REPORT Prairie Mining Limited ( Prairie or the Company ) is pleased to present its Quarterly Report for the period ending 30 June 2021 . HIGHLIGHTS International arbitration claims ( Claim ) against the Republic of Poland under both the Energy Charter Treaty ( ECT ) and the Australia - Poland Bilateral Investment Treaty ( BIT ) ( together the Treaties ) continue . . During the quarter , Prairie filed its Statement of Claim in the BIT arbitration claiming compensation in the amount of £ 806 million ( equivalent to A $ 1.5 billion or PLN 4.2 billion ) . • ➤ The Claim for compensation against the Republic of Poland includes an assessment of the value of Prairie's lost profits and damages related to both the Jan Karksi ( JKM ) and Debiensko mines , and accrued interest related to any damages . ➤ The Claim for damages has been assessed by external quantum experts appointed by Prairie specifically for the purposes of the Claim . The Company's Claim against the Republic of Poland is being prosecuted through an established and enforceable legal framework with both parties agreeing to apply the United Nations Commission on International Trade Law Rules ( UNCITRAL ) to the proceedings . The Company is well funded to pursue the Claim with the US $ 12.3 million Litigation Funding Agreement ( LFA ) in place which is currently being drawn down to cover legal , tribunal and external expert costs and defined operating expenses associated with the Claim . Prairie continues its efforts to identify and assess other suitable new business opportunities , focused on the resources sector . The Company will make announcements to the market as appropriate . Enquiries Prairie Mining Limited Ben Stoikovich , Chief Executive Officer Sapan Ghai , Head of Corporate Development Kazimierz Chojna , Commercial Officer +44 20 7478 3900 info@pdz.com.au Prairie Mining Limited | LSE / ASX / GPW : PDZ | ABN : 23 008 677 852 | www.pdz.com.au LONDON Unit 3C , 38 Jermyn Street | London | SWY1 6DN | T : +44 207 478 3900 PERTH Level 9 , 28 The Esplanade , Perth WA 6000 | T : +61 8 9322 6322 | F : +61 8 9322 6558 WARSAW Wiejska 17/11 | Warsaw | 00-480