FIRST LITHIUM LIMITED — Capital/Financing Update 2022

May 4, 2022

ASX Announcement

5 May 2022

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ACN 009 081 770

Dispatch of Prospectus

Registered Office: Level 21, 459 Collins Street Melbourne VIC 3000

Contact:

Phone: +61 (0)3 8630 3321 Email: admin@ookami.com.au

Board of Directors: John Ciganek (Non-Executive Chairman)

Joseph van den Elsen (Non-Executive Director)

Emmanuel Correia (Non-Executive Director)

Andrew Law (Non-Executive Director)

Company Secretary: Justin Mouchacca

Securities on Issue:

45,446,667 ordinary shares 3,500,000 unlisted options

Current Share Price – $0.15 (as at 4 May 2022)

Ookami Limited ( ASX: OOK ) ( Ookami or the Company ) advises that the prospectus and personalised entitlement and acceptance forms in respect to the Company's non-renounceable entitlement offer announced on 22 April 2022 have been dispatched to eligible shareholders.

FURTHER INFORMATION

For corporate queries, please contact Justin Mouchacca (Company Secretary) on +61 (03) 8630 3321

For other questions, you should consult your broker, solicitor, accountant, financial adviser, or other professional adviser.

-Ends-

This announcement has been approved for release by the Board of OOK.

About Ookami Limited

The Company was readmitted to the Official List (ASX code: OOK) in July 2021 and is focused on the assessment and evaluation of its 100% owned Messok East Co-Ni Project and the Boulbi Permit Joint Venture (51% earning to 70%). The Company actively seeks to identify, assess and potentially acquire complementary opportunities.

Market capitalisation – $6.8M (at $0.15)

Cash at Bank – $4.29M* (as at 31 March 22)

• Does not include proceeds from the May 22 Capital Raising

About Ookami Limited

Ookami Limited (ASX: OOK) is an ASX listed company focused on the exploration and development of resource projects in Africa. The Company’s current projects are:

• Messok East Co-Ni Project

• (located in Cameroon)

• Boulbi Project (located in Senegal)