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Prairie Mining Limited NEWS RELEASE | 29 October 2021 SEPTEMBER 2021 QUARTERLY REPORT Prairie Mining Limited ( Prairie or the Company ) is pleased to present its Quarterly Report for the period during and subsequent to 30 September 2021 . HIGHLIGHTS . Subsequent to the quarter , Prairie entered into an Earn - in Agreement ( EIA ) with Greenfields Exploration Ltd ( GEX ) to acquire an interest of up to 80 % in the Arctic Rift Copper project ( ARC or Project ) in Greenland . ➤ Significant , large - scale project ( 5,774km² license area ) with historical exploration results indicative of an extensive mineral system with potential to host world - class copper deposits ➤ The ARC mineral system is known to be prospective for basalt , fault , and sedimentary rock - hosted copper mineralisation however , it remains virtually unexplored , giving the Company a first mover advantage in a major new metallogenic province ➤ Historical field programs identified widespread copper - silver occurrences at surface ➤ High priority target covering ~ 640km² already identified with near - term discovery potential ( Minik Anomaly ) which has the highest copper grades that are proximal to a coincident gravity , conductivity and magnetic anomaly in the north - eastern portion of ARC ➤ Greenland is a mining friendly jurisdiction with strong Government support for expanding its mining industry , simple laws and regulations , and a competitive fiscal regime ➤ Strong pipeline of news flow is expected as Prairie mobilises the award - winning GEX exploration team who have extensive operating experience , including managing the Frontier Project in JV with IGO Limited , and well - established relations with government and other key stakeholders in Greenland Concurrent with entering into the EIA and to provide funding for new and current activities , Prairie announced a one ( 1 ) for ten ( 10 ) pro rata non - renounceable entitlements issue at $ 0.20 ( £ 0.11 / € 0.13 ) per share ( Entitlements Issue ) to raise up to $ 4.6 million before costs . The Company will continue to defend its interests in Poland through 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 ) . ➤ Prairie's Claim alleges that the Republic of Poland has breached its obligations under the applicable Treaties through its actions to block the development of the Company's Jan Karski and Debiensko mines in Poland which has effectively deprived Prairie of the entire value of its previous investments in Poland . 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