FIRST LITHIUM LIMITED — Capital/Financing Update 2018

Jun 17, 2018

INE COMPO

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LIMITED

ASX ANNOUNCEMENT

18 June 2018

Company Update

Highlights

• Akela secures allocation for Kleos Space SA Initial Public Offering

• Akela secures allocation for GeoCrystal Limited Initial Public Offering

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

Ookami is pleased to announce that its wholly owned Akela (Software as a Service “SaaS”) Platform continues to generate revenue and secure quality offerings for its retail and sophisticated (s708) investors. During the month, Akela has secured allocations in the Initial Public Offerings ( IPO or Offer ) for both Kleos Space SA ( Kleos ) and GeoCrystal Limited ( GeoCrystal ).

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Kleos will launch, own and operate Low Earth Orbit (LEO) satellites that will orbit the Earth collecting data on radio transmissions from devices such as marine and land based very high frequency (VHF) devices. Kleos will then operate its satellite infrastructure to generate commercial geospatial intelligence (GEOINT) and signals intelligence data (SIGINT) data and sell the Data as a Service (DaaS) internationally via subscription to government agencies, the intelligence community, end users, or businesses interested in locating threats, assets, targets or emergency beacons/those in distress.

Venture capital investment and advisory firm Hunter Capital has been appointed Lead Manager for the IPO which is seeking to raise $11 million. Further information on Kleos and the IPO can be found on Kleos’ website: www.kleos.space

Akela has secured a limited allocation for its clients under Kleos’ Offer, with Kleos’ public offer expected to close at /or around 21 June 2018 (subject to change). This offer is only open to existing AKELA verified retail and sophisticated investors, or those who qualify and verify prior to the close of the Kleos Offer.

ACN: 009 081 770

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GeoCrystal

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GeoCrystal is poised to become Australia’s next major diamond exploration company on the ASX via its Webb diamond project located in the Gibson Desert of Western Australia, Merlin South and Yambarra in Northern Territory.

The Webb Project is the only kimberlite field discovered in Australia in over 20 years and through spending over $4m in exploration, the Company has earned an 81.5% interest in five of the six granted exploration licenses and identified 51 kimberlite bodies for priority exploration follow up.

GeoCrystal is led by some of Australia’s most credentialed diamond explorers, including Tom Reddicliffe as Technical Director, who is credited with discovering the Merlin diamond pipes in the Northern Territory in 1993 and consultant, Ewen Tyler who was the founding director of Ashton Mining. Ashton Mining discovered the Argyle Diamond Mine, which was acquired by Rio Tinto in 2000 for US$418m.

Advisory firm Discovery Capital has been appointed Lead Manager for the GeoCrystal IPO, which is seeking to raise up to $7 million, with $2.5 million underwritten by Time Strong Limited.

Further information on GeoCrystal and the IPO can be found on GeoCrystal’s website: www.geocrystal.com.au

Akela will receive a cash payment for SaaS and marketing services rendered.

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

Corporate

The Company has today executed an exclusive Corporate Advisory Mandate with Otsana Capital, a company indirectly controlled by Director, Faldi Ismail. Otsana has acted as the Company’s Corporate Advisor since its ASX Listing in February 2016 but has, to date, foregone all fees for these services. The Mandate is effective for a 12 month term from 1 July 2018 and can be terminated by either party on 30 days’ written notice, or immediately in the event of failure to perform an obligation under the Mandate which is not rectified within 14 days of written notice. In consideration for the provision of corporate advisory and public and investor relations services, the Company will pay to Otsana a monthly fee of $5,000 plus GST.

-Ends-

For further information, please contact:

Corporate Advisors Otsana Capital 108 Outram Street West Perth WA 6005 Telephone: +61 8 9486 7244

www.otsana.com

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ACN: 009 081 770
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About Ookami Limited

Ookami has a portfolio of synergistic companies that disrupt data and advertising markets, investment platforms, software as a service (SaaS) and digital asset applications.

Ookami is developing an ecosystem of advanced technology solutions encompassing ‘smart contracts’ and blockchain technologies, secure identity management and verification (‘Know Your Client’) (KYC) and anti-money laundering (AML) applications, data markets, advertising analytics, digital asset wallets and exchange platforms, digital asset solutions and security and encryption applications.

About Akela

Akela’s proprietary financial services software and transaction management platform provides Australian Financial Services Licence (AFSL) holders a streamlined total management 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), KYC) and compliance and data collection & analytics capabilities.

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

About Akela Mobile App

iOS and Android users have access to the Akela Platform mobile app via the App Store and Google Play. The app will be initially free for all users, but will require a membership with the Akela Platform to use. Once logged into the app, investors will be linked with their account. Your investment progress will be linked across any device that you log in from. The mobile app is another tool that the Akela Platform provides to give you the best investment experience on the web.

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About Brontech

Brontech is Sydney based company that is pioneering a blockchain backed platform for data exchange and identity management. The company is also building complementary proprietary applications to extract data from various sources and pack them into anonymized data products that are sold to corporations and SMEs as insights and research tools. In its diverse data product offering is also included the MyBron API that enables individuals and companies to exchange verified information in a Peer-to-Peer manner where the data is verified through the company’s proprietary identity verification protocol that pulls data from diverse set of sources.

Individuals and entities can find more information on Brontech’s products at www.bron.tech

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National Currency eXchange (NCX)

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ACN: 009 081 770
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NCX's vision is to be the worlds trusted digital asset exchange addressing many of the problems and risks evident in existing digital asset exchanges. NCX aims to promote a trusted, secure and robust digital asset exchange solution following “bank-like” checks and processes, adhering to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, including verification of customer ID prior to trading, whilst also providing exceptional customer service and user experience.

NCX's expertise lies in its ability to rapidly and securely utilise cutting edge technology development and infrastructure to greatly improve the current digital asset currency technology platform to add new features, rollout rapidly in multiple countries and maintain a secure and scalable operation.

NCX aims to operate a series of locally based crypto-currency exchange solutions in various jurisdictions commencing with Australia, Singapore and Hong Kong. Following the successful initial launch, NCX is poised to continue its global roll-out of locally based crypto-currency exchange solutions in Malaysia, Croatia and elsewhere.