GALAN LITHIUM LIMITED — Capital/Financing Update 2012

May 28, 2012

ACN 149 349 646

ASX ANNOUNCEMENT

29 May 2012

Release from Escrow

The Company advises that the following shares will be released from escrow on 1 June 2012

Type	Number of shares
Ordinary Fully Paid Shares	750,000

The Company will apply for ASX quotation of the fully paid ordinary shares when released.

For further information, please contact:

Nathan McMahon

Non-executive Chairman Email: nathan@dempseyminerals.com.au Phone +618 9322 6283

__________________________________________________________________________________ Level 2, 38 Richardson Street, West Perth, WA 6005 PO Box 396, West Perth, WA, 6872 Ph. +61 8 9322 6283 Fax. +61 8 9322 6398 www.dempseyminerals.com.au