Outstanding Assay Results - Prairie Down Zinc Project

Prairie Downs Metals Ltd has received the first batch of assay results for its 2007 drill program at the Prairie Downs Zinc Project. The results are very exciting with RC drill hole PDP168 returning an outstanding intersection of 22 metres at 4.3% zinc, 3.5% lead and 19.3g/t silver; including 2 metres at 25.2% zinc, 5.9% lead and 31.5g/t silver, and 3 metres at 5.2% zinc, 9.8% lead and 54.5g/t silver. Drill hole PDP169, up dip of PDP168, returned 15 metres at 1.3% zinc, 2.2% lead and 7.7g/t silver; including 3 metres at 3.8% zinc, 7.6% lead and 26.3g/t silver. All significant intersections are detailed below.

Drilling commenced on 27 March at the Zed Lode discovery section targeting the down dip projection of mineralisation in drill hole PDP 157, which intersected 16 metres at a grade of 5.1% zinc, 0.8% lead and 6g/t silver, including 6 metres at 10.1% zinc, 1.6% lead and 12g/t silver. Drill holes PDP164 and 165 intersected the lode in the expected position however samples were wet and the results are considered unreliable. Visually recorded zinc mineralisation remains strong in PDP164 but with reduced width down dip in PDP165. These holes will be re-drilled using a diamond rig, which is expected to arrive on site this week.

Based upon visually recorded zinc mineralisation in drill holes for which assays are not yet available, the Zed Lode remains open, both down dip and along strike to the east and the west. It now extends to within 120 metres of the western end of the Main Lode and may be a continuation of this lode. If this is so, mineralisation would be continuous for over one kilometre and still remain open along strike and at depth.

The western end of the Main Lode remains open and ends in high grade zinc mineralisation. For example; PDP 80 intersected 16 metres at 4.9% zinc, 0.9% lead and 12.3g/t silver, including 4 metres at 10.6% zinc, and 1.7% lead and 28.0g/t and 2 metres at 13.3% zinc, 1.7% lead and 16.0g/t silver. All significant intersections for the west end of the Main Lode are detailed below.

These results are very encouraging and the Company is now extremely confident that it will be able to move towards becoming a zinc producer in the near term. It has been advised that the Prairie Downs mineralisation is amenable to mechanized underground mining to widths of 1.5 metres, which would allow early exploitation of the very high grade zones at Prairie.

As a result, it has now brought forward the diamond drill program, which was scheduled for later this year. In addition to drilling the Zed Lode, as mentioned above, the diamond drill rig will drill the Main Lode to establish widths and boundaries of mineralisation which are essential for underground mining control. RC drilling also continues and the next batch of assay results is expected in about two weeks.

Prairie Downs Metal's goal is to develop a zinc mine at Prairie Downs as soon as possible. Based on these results, coupled with visually recorded mineralisation from other holes in the current drill program, the Company expects to be mining by 2009. As a clear indication of its confidence, the Company has already commenced discussions to finance and acquire a ball mill, the longest lead time item required for mining.

ZED LODE

SIGNIFICANT INTERSECTIONS

MAIN LODE - WEST END

SIGNIFICANT INTERSECTIONS