ELEVRA LITHIUM LIMITED — Capital/Financing Update 2018

May 3, 2018

==> picture [596 x 144] intentionally omitted <==

4 May 2018

PRO RATA RENOUNCEABLE ENTITLEMENT OFFER - CORRECTION

Sayona Mining Limited (ASX: SYA) (“Sayona” or “Company”) refers to its announcement on 4 May 2018 concerning its pro rata entitlement offer.

The Entitlement Offer is renounceable and is not underwritten. Patersons Securities Limited is Lead Manager to the offer.

For more information, please contact: Paul Crawford Company Secretary Phone: +61 (7) 3369 7058 Email: info@sayonamining.com.au

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.

==> picture [596 x 71] intentionally omitted <==