FIRST LITHIUM LIMITED — Capital/Financing Update 2018

Jun 12, 2018

LIMITED ACN:009 081 770

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ASX ANNOUNCEMENT

13 June 2018

Company Update

On 12 March 2018, Ookami Limited (ASX: OOK) (“ OOK ” or the “ Company ”) announced that it had entered into a strategic collaboration and development agreement with the National Currency eXchange (“ NCX ”) under which the parties will collaborate and share the intellectual property of their respective technologies, with a view to developing a “preferred” client model allowing members to seamlessly utilise technology and product offerings within the Ookami ecosystem.

Ookami is pleased to update its shareholders that the software architecture and business analysis scoping exercise for a Payment Gateway conducted with NCX has completed. During the scoping, a third-party Payment Gateway solution was identified as a more feasible and robust alternative to developing the system internally and can provide the same seamless integration of the Payment Gateway solution within the Ookami ecosystem. On this basis, the parties have agreed not to proceed with an “in-house” build of the Payment Gateway solution, which is expected to allow for a more cost effective and rapid roll out of the Payment Gateway. As a result, the parties have agreed to cancel the proposed issue of 5,000,000 OOK shares to NCX on completion of the Payment Gateway. All other aspects of the agreement with NCX remain in place and ongoing to implement the various requirements of the shared verification functionality and preferred client model within the Akela-Brontech-NCX ecosystem.

Ookami is pleased to announce that it is in final discussions with Paid By Coins (www.paidbycoins.com) to provide and implement its secure cryptocurrency to BPAY/Bank account technologies as the Payment Gateway solution for Ookami’s ecosystem.

Ookami has also entered into a formal agreement with Brontech to integrate its personal identity technology and solutions. This will be implemented via Brontech’s BronID API allowing clients such as Akela and NCX (and others) to onboard users in a seamless manner by instantaneously extracting their identity information and verifying this information across different data sources for KYC/AML purposes. Once users onboard any platform (e.g. Akela), they can reuse the same verified credentials for other partner platforms (e.g. NCX). Additionally, the usage of the BronID API for identity verification will also overcome the compatibility issues in regards to identity verification requirements for compliance purposes between the different participants in the ecosystem. This is expected to strengthen the relationship between all the stakeholders in the Ookami’s ecosystem and further accelerate the growth of the ecosystem’s verified user base. Brontech’s platform is governed by the Australian Privacy Policy principles in compliance with the Privacy Act 1998 and the upcoming changes regarding data portability, as well as newly adopted local and global legislation changes regarding consumer privacy and data ownership such as General Data Protection Regulation (GDPR) in Europe as well as the upcoming Consumer Data Right and Open banking legislation changes in Australia. Both companies’ development teams are underway on the project and completion of the integration is anticipated to be in August 2018.

-Ends-

LIMITED ACN:009 081 770

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For further information, please contact:

Corporate Advisors Otsana Capital

108 Outram Street West Perth WA 6005 Telephone: +61 8 9486 7244 www.otsana.com

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 License (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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LIMITED ACN:009 081 770

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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 Bron 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

About National Currency eXchange (NCX)

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. www.ncx.com.au

About Paid By Coins

A solution delivering a simple, cost effective (there is no cost to the user) and secure payment platform that allows consumers to use their cryptocurrency in the most practical way to pay their bills or pay anyone through the platform. The platform makes the process simple, offering an intuitive interface for consumers familiar with BPay. The payment gateway currently accepts Bitcoin, Ethereum and Litecoin. Currently 70% of the transactions through the payment gateway are via BPay highlighting consumer and institutional confidence in the platform, whereby the payment of bills, including phone, energy, water, council rates and credit cards payments are being facilitated through Paid By Coins. www.paidbycoins.com