FIRST LITHIUM LIMITED — Capital/Financing Update 2016

Jan 24, 2016

LIMITED

ACN: 009 081 770

ASX ANNOUNCEMENT

25 JANUARY 2016

CONFIRMATION OF COMPLETION OF INVESTIA ACQUISITION AND PROSPECTUS OFFERS

Further to its announcement of 5 October 2015, Ookami Limited (formerly Advanced Engine Components Limited) (ASX:OOK) confirms that it has completed its acquisition ( Acquisition ) of 100% of the issued capital of Perth based software company Investia Technologies Pty Ltd ( Investia ). Investia offers unique SaaS technologies and financial services software to Australian Financial Service Licence holders that vastly improves efficiency and accuracy with public and private capital raisings.

As provided in the acquisition agreement, the Company has issued 17,500,000 fully paid ordinary shares in Ookami ( Shares ) at a deemed issue price of $0.02 each ( Initial Consideration Shares ) and 17,500,000 options (exercisable at $0.03 each, expiring three years from date of issue) ( Consideration Options ). All consideration securities will be subject to ASX escrow provisions.

The Company notes it will issue up to 32,500,000 deferred consideration shares ( Deferred Consideration Shares ) on the following milestones being achieved:

• 15,000,000 Shares at a deemed issue price of $0.02 per Share upon Investia achieving 25,000 registers users on the Investia Platform within 18 months of listing on the ASX (Milestone 1); and

• 17,500,000 Shares at a deemed issue price of $0.02 per Share upon Investia achieving $25,000,000 total capital raised on the Investia Platform within 24 months from listing on the ASX ( Milestone 2 ).

The Company further advises that pursuant to the Prospectus dated 23 November 2015 and the Supplementary Prospectus dated 27 November 2015, the Company has issued:

• 185,000,000 Shares at an issue price of $0.02 per Share pursuant to the Offer;

• 25,000,000 Broker Options pursuant to the Option Offer;

• 15,000,000 Conversion Shares pursuant to the Conversion Offer; and

• 36,000,000 Performance Rights.

Certain of the abovementioned securities will be classified by ASX as restricted securities and will be subject to ASX escrow provisions. Further details will be provided in due course.

For further information, please contact: Shannon Coates Tel: (08) 9322 1587

108 Outram Street, West Perth, WA 6005 PO Box 1974, West Perth, WA 6872 Tel: (08) 9486 7244 Fax: (08) 9463 6373