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ELEVRA LITHIUM LIMITED Capital/Financing Update 2022

Nov 24, 2022

64838_rns_2022-11-24_05854472-1a39-4b45-8f86-32baa55df912.pdf

Capital/Financing Update

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25 November 2022

NOTICE UNDER SECTION 708A(5)(e) OF THE CORPORATIONS ACT 2001 (CTH)

Sayona Mining Limited (ASX: SYA) ( Company ) advises that on 24 November 2022 it issued 155,000,000 fully paid ordinary shares in the Company, pursuant to an extension of an At-theMarket Subscription Agreement.

Accordingly, the Company gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) (the "Corporations Act") that:

  1. the New Shares were issued without disclosure under Part 6D.2 of the Corporations Act ;

  2. as at the date of this notice the Company has complied with:

    • (a) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

    • (b) section 674 and section 674A of the Corporations Act ; and

  3. as at the date of this notice, there is no "excluded information" (as defined in subsections 708A(7) and 708A(8) of the Corporations Act ) which is required to be disclosed by the Company under section 708A(6)(e) of the Corporations Act.

Issued on behalf of the Board. For further information, please contact

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

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

sayonamining.com.au