ELEVRA LITHIUM LIMITED — Capital/Financing Update 2022

May 24, 2022

Market Announcement

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25 May 2022

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Sayona Mining Limited (ASX: SYA) – Trading Halt

Description

The securities of Sayona Mining Limited (‘SYA’) will be placed in trading halt at the request of SYA, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Friday, 27 May 2022 or when the announcement is released to the market.

Issued by

Justin Nelson

Principal Adviser, Listings Compliance (Sydney)

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

25 May 2022 ASX Limited

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25 May 2022

Justin Nelson Principal Adviser, Listings Compliance ASX Compliance Pty Ltd Level 6 20 Bridge Street Sydney NSW 2000

Dear Justin

Request for Trading Halt

Sayona Mining Limited (ASX: SYA) requests an immediate Trading Halt on its securities pursuant to ASX Listing Rule 17.1, pending the release of an announcement regarding a capital raising by the Company.

SYA requests that the Trading Halt remain in place until such time as it makes an announcement to the market regarding the capital raise, but in any event not beyond the commencement of normal trading on 27 May 2022.

SYA is not aware of any reason why the Trading Halt should not be granted. Should you have any queries please contact us.

Yours sincerely, Sayona Mining Limited

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Paul Crawford Company Secretary

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