Prairie Operating Chairman, CEO Edward Kovalik Resigns, President Gary C. Hanna Retires; Richard N. Frommer Appointed Interim President, CEO, Erik Thoresen As Chairman

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Prairie Operating Co.

PROP

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Prairie Operating Co. (Nasdaq: PROP) (the "Company," "Prairie," "we," "our," or "us"), an independent energy company engaged in the development and acquisition of oil, natural gas, and natural gas liquids resources in the Denver-Julesburg (DJ) Basin, today announced several leadership changes, including the voluntary resignation of CEO and Chairman, Edward Kovalik, and the retirement of President and director, Gary C. Hanna. The Company's Board of Directors (the "Board") has appointed Richard N. Frommer, a member of the Board, to serve as Interim President and CEO of the Company, while the Company conducts a search for a permanent President and CEO. The Board has also appointed Erik Thoresen to serve as Chairman of the Board.

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