FIRST LITHIUM LIMITED — Capital/Financing Update 2017

Mar 8, 2017

9 March 2017

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ACN: 009 081 770

ASX ANNOUNCEMENT

AKELA COMPANY UPDATE

Highlights

• Akela completes allocation in ServTech Global’s Initial Public Offering (IPO) capital raising

• • Akela secures allocation in G Medical Innovations Holdings’ IPO capital raising

Ookami Limited (ASX: OOK) is pleased to provide the following update to its shareholders.

The Company’s wholly owned subsidiary, Akela Capital Pty Ltd ( Akela ), has completed an allocation for its platform’s subscribers in the IPO for ServTech Global’s (ServTech) IPO.

Akela has also secured an allocation for its platform’s subscribers in the IPO for G Medical Innovations Holdings Ltd (G Medical). Otsana Capital is Lead Manager to this offer.

Previous offerings on the platform allowed Akela to ‘beta’ test the web application and further adapt the system as needed. Since this time, the high user traffic, streaming and sign-up rates, as a result of the subsequent two offerings (ServTech and G Medical), have demonstrated to Akela’s satisfaction, that the platform is stable, robust and highly scalable.

Now officially launched, the platform will continue to advance its monetisation opportunities, and continue exploring complimentary technologies to its platform, including security applications, encryption and block-chain, integrated advertising solutions and analytic offerings.

The development of the Mobile App and multi-tenant solution has progressed on schedule and budget, with the mobile App expected to be released within the next quarter.

Discussions remain ongoing with strategic and prominent financial service providers and AFSL licence holders in relation to new offerings and participation in the closed ecosystem.

Individuals and entities can continue to register on the platform and gain access to current and future offerings at www.akela.vc

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Akela looks forward to offering additional investment opportunities to its subscribers shortly.

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

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Outlook

ACN: 009 081 770

Akela Capital is the first acquisition for Ookami’s intellectual property portfolio of technology solutions. Expansion of the portfolio remains a key growth strategy for the Company. As per the Company’s acquisition and growth strategy outlined in the prospectus, the Company is currently evaluating a number of complementary business acquisitions that may have the potential to create additional shareholder value. The Company will update its shareholders as further information becomes available.

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About Akela

Akela’s proprietary financial services software and transaction management platform provides Australian Financial Services Licence (AFSL) holders a streamlined total managed solution to capital raisings and distribution of public and private offerings. Akela is a unique ‘Service Platform’ with Peer-to-Peer (P2P) community, Business-to-Business (B2B), ‘Know Your Client’ (KYC), Compliance and Data Collection & Analytics capabilities.

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

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