Prairie Mining Ltd. — Share Issue/Capital Change 2008

ASX ANNOUNCEMENT

EXPIRY OF OPTIONS ISSUED UNDER EMPLOYEE SHARE OPTION PLAN

4 March 2008

The directors of Prairie Downs Metals Limited (‘Prairie”) wish to advise that in accordance with the terms of options issued under the Prairie Employee Share Option Plan (“Plan”), 50,000 options exercisable at $0.65 each and expiring 01 December 2011 which were issued pursuant to the Plan have expired due to the resignation of an employee.

Alec Pismiris Company Secretary

For further information contact: Elissa Samuel Investor Relations Manager [email protected]

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