Atlantic Lithium Limited — Director's Dealing 2023

Aug 21, 2023

22 August 2023

Notice of Change to Director’s Interest

Atlantic Lithium Limited (AIM: ALL, ASX: A11, OTCQX: ALLIF, “Atlantic Lithium” or the “Company”), the African-focused lithium exploration and development company targeting to deliver Ghana’s first lithium mine, provides notice of change to director’s interest in accordance with listing rule 3.19A.2, and as agent for the following director for the purposes of section 205G of the Corporations Act 2001 (Cth):

• Len Kolff

Notices for the director are attached to this announcement.

Authorised for release by Amanda Harsas, Finance Director and Company Secretary, Atlantic Lithium Limited.

For any further information, please contact:

Atlantic Lithium Limited

Neil Herbert (Executive Chairman)

Amanda Harsas (Finance Director and Company Secretary)

• [www.atlanticlithium.com.au ]

IR@atlanticlithium.com.au

Tel: +61 2 8072 0640

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SP Angel Corporate Finance LLP Nominated Adviser Jeff Keating Charlie Bouverat Tel: +44 (0)20 3470 0470

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Yellow Jersey PR Limited Charles Goodwin Bessie Elliot atlantc@yellowjerseypr.com Tel: +44 (0)20 3004 9512

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Canaccord Genuity Limited Company Broker Raj Khatri / James Asensio Harry Rees Tel: +44 (0) 20 7523 4500

,

22 August 2023

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Notes to Editors:

About Atlantic Lithium

www.atlanticlithium.com.au

Atlantic Lithium is an AIM and ASX-listed lithium company advancing a portfolio of lithium projects in Ghana and Côte d’Ivoire through to production.

The Company’s flagship project, the Ewoyaa Project in Ghana, is a significant lithium spodumene pegmatite discovery on track to become Ghana’s first lithium-producing mine. The Company signed a funding agreement with Piedmont Lithium Inc. towards the development of the Ewoyaa Project. Atlantic Lithium is currently advancing the Ewoyaa Project through feasibility studies and intends to be producing a spodumene concentrate via simple gravity only process flowsheet.

Atlantic Lithium holds 560km[2] and 774km[2] of tenure across Ghana and Côte d'Ivoire respectively, comprising significantly under-explored, highly prospective licences.

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Notice of Change to Director’s Interest

Page 2 of 2

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity: Atlantic Lithium Limited

ABN: 17 127 215 132

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Len Kolff
Date of last notice	15 August 2023

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Indirect – Len Kolff’s Securities are held by arelated party, Melisa Kolff van Oosterwijk.
Date of change	22 August 2023

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	Direct:2,000,000 Options exercise price £0.60expiry on 31 March 2025Indirect:3,180,852 Ordinary Shares3,000,000 Options exercise price £0.30expiry on 18 August 20234,000,000 Options exercise price £0.40expiry on 18 August 20235,000,000 Options exercise price £0.50expiry on 18 August 20232,700,000 Performance Rights expiring on18 August 2023 subject to maturity priceconditions
Class	OPT EXP 18/08/23 @ GBP0.30OPT EXP 18/08/23 @ GBP0.40OPT EXP 18/08/23 @ GBP0.50PERFORMANCE RIGHTS EXP 18/08/23
Number acquired	3,000,000 Ordinary Shares by exercise ofEXP 18/08/23 @ GBP0.30 options
Number disposed	OPT EXP 18/08/23 @ GBP0.40OPT EXP 18/08/23 @ GBP0.50PERFORMANCE RIGHTS EXP 18/08/23
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	GBP 900,000
No. of securities held after change	Direct:2,000,000 Options exercise price £0.60expiry on 31 March 2025Indirect6,180,852 Ordinary Shares

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Exercise of GBP0.30 OptionsExpiry of GBP0.40 & GBP0.50 Options andPerformance Rights

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	Detail of contract	Detail of contract	N/A	N/A	N/A	N/A	N/A
Nature of interest			N/A
N(i	ame of registered holder		N/A
	f issued securities)
D
	ate of change		N/A
NinNto	o. and class of securities tterest related prior to ch	o whichange	N/A
	ote: Details are only required for a contrahich the interest has chaned	ct in relation
	w g
In	terest acquired		N/A
In
	terest disposed		N/A
VNes	alue/Considerationote: If consideration is non-cash, provide	details and an	N/A
	timated valuation
In	terest after change		N/A
	Part 3 –+Closed perio	d
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	ere the interests in the s	ecurities or contracts de		tailed	No
If so, was prior written clearance provided to allow thetrade to proceed during this period?					N/A
If prior written clearance was provided, on what date wasthis provided?					N/A

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed	No
above traded during a+closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the	N/A
trade to proceed during this period?
If prior written clearance was provided, on what date was	N/A
this provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3