Prairie Provident Announces Closing of $4.95 Million Flow-Through Equity Financing and Notes Adoption of New Hydrocarbon Legislation in Quebec

Calgary, Alberta – December 16, 2016 – Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) is pleased to announce the closing of its previously announced equity offering for aggregate gross proceeds of approximately $4.95 million, comprised of 5,465,000 common shares issued as “flow-through shares” with respect to “Canadian exploration expenses” (“CEE Flow-Through Shares”) at…