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GALAN LITHIUM LIMITED Capital/Financing Update 2013

May 23, 2013

64995_rns_2013-05-23_6bf51ffd-7421-40d4-8856-85ac777a4663.pdf

Capital/Financing Update

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==> picture [128 x 70] intentionally omitted <==

----- Start of picture text ----- ACN 149 349 646----- End of picture text -----

ASX ANNOUNCEMENT

24 May 2013

Release from Escrow

The Company advises that the following shares will be released from escrow on 8 June 2013

Type Number of shares
Ordinary Fully Paid Shares 13,625,000

Included in these shares are the 6,250,000 Contingent Entitlement Shares as referred to in the Company Announcement dated 21 May 2013.

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: [email protected] 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