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ELEVRA LITHIUM LIMITED Capital/Financing Update 2020

Apr 30, 2020

64838_rns_2020-04-30_8ab35ba5-869a-482e-a97d-2b283a46c09c.pdf

Capital/Financing Update

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1 May 2020

EXPIRY OF OPTIONS

Sayona Mining Limited (ASX: SYA) ("Sayona" or the "Company") advises that 120,235,840 options exercisable at 7.8 cents expired in accordance with the terms of their issue at 5pm 30 April 2020.

The Company’s capital structure following expiry of options is:

The Company’s capital structure following expiry of options is:
Number Class
Number of quoted securities: 2,468,958,700162,290,010 Ordinary shares (SYA)Options exercisable at 2 cents,expiring 29 April 2023 (SYAOC)
Number of unquoted securities: 122,992,301491,400 Unlisted options, variousexercise prices & expiry (SYAAA)Convertible Notes

This announcement is authorised by Sayona’s Board of Directors.

For more information, please contact:

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

For media queries, please contact:

Anthony Fensom, Republic PR [email protected]; +61 (0)407 112 623

SAYONA MINING LIMITED P +61 7 3369 7058 E [email protected] A Suite 68, 283 Given Tce, Paddington QLD

sayonamining.com.au