Quarterly Report for the period ended 30 June 2010

The directors of Prairie Downs Metals Limited are pleased to provide the Quarterly Report for the period ended 30 June 2010.

Appointment of Director

The Directors of Prairie Downs Metals Limited (“Prairie” or “the Company”) are pleased to announce the appointment of Mr Gordon Barratt as a non-executive director of the Company.

Joint Venture Announcment

Prairie Downs Metals Limited (ASX:PDZ) (“Prairie” or “the Company”) is pleased to announce the signing of a binding Heads of Agreement with Ivernia Inc (TSX: IVW) ("Ivernia"), designed to accelerate exploration and development of the Company’s flagship Prairie Downs Base Metals Project (“the Project”).

Prairie Downs Metals Limited (PDZ) provides the opportunity to listen to an audio broadcast with John Welborn, Managing Director in a presentation titled "Prairie Downs Accelerates Exploration Through HOA with Ivernia - John Welborn, Managing Director".

Updated Resource Statement

Prairie Downs Metals Limited (ASX:PDZ) (“Prairie” or “the Company”) has reported a revised JORC resource for its 100% owned Prairie Downs Base Metal Project (“the Project”) to include results from all drill programs conducted to date.