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ELEVRA LITHIUM LIMITED Capital/Financing Update 2018

May 14, 2018

64838_rns_2018-05-14_209d850a-0fc7-4ccc-8641-2eef8142552b.pdf

Capital/Financing Update

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15 May 2018

PRO RATA RENOUNCEABLE ENTITLEMENT OFFER

Sayona Mining Limited (ASX: SYA) (“Sayona” or “Company”) confirms that the Prospectus and personalised Entitlement and Acceptance Forms relating to its pro rata renounceable entitlement issue ( Offer ) announced on 4 May 2018, have today been despatched to shareholders eligible to participate in the Offer.

The Prospectus was lodged with ASIC and ASX on 4 May 2017 and is available on the Company’s website.

The Offer closes at 5:00pm (AEST) on 24 May 2018.

For more information, please contact:

Paul Crawford Company Secretary Phone: +61 (7) 3369 7058 Email: [email protected]

Sayona Mining Limited is an Australian-based, ASX-listed (SYA) company focused on sourcing and developing the raw materials required to construct lithium-ion batteries for use in the rapidly growing new and green technology sectors. Sayona’s primary objective is developing the Authier lithium project in Quebec, Canada. Authier is an advanced, development project, construction forecast to commence in early 2019 and first concentrate production in early 2020.

Please visit us as at www.sayonamining.com.au

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