GALAN LITHIUM LIMITED — Capital/Financing Update 2021

Jun 10, 2021

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

11 June 2021

SECONDARY TRADING NOTICE PURSUANT TO SECTION 708A(5) OF THE CORPORATIONS ACT 2001 (“Act”)

On 11 June 2021, Galan Lithium Limited ( “the Company” ) issued a total of 480,625 fully paid ordinary shares ( “Shares” ) in the capital of the Company upon the conversion of unquoted options (450,000 shares) and in lieu of services provided by a consultant (30,625 shares).

The Act restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A of the Act. By giving this notice, the on sale of the Shares noted above will fall within the exemption in section 708A(5) of the Act.

The Company hereby notifies ASX under paragraph 708A(5)(e) of the Act that:

• a) The Company issued a total of 480,625 Shares on 11 June 2021 without disclosure to investors under Part 6D.2 of the Act;

• b) The Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and

• c) There is no information:

  • a. That has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

  • b. That investors and their professional advisers would reasonably require for the purpose of making an informed assessment of: i. The assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

    • ii. The rights and liabilities attaching to the Shares.

The relevant Appendix 2A’s were lodged via ASX on-line forms.

The Galan Board authorises the release of this notice.

Yours faithfully

Mike Robbins Company Secretary

_________________________________________________________________________________ Level 3, 30 Richardson Street, West Perth, WA 6005 PO Box 396, West Perth, WA, 6872 Ph. +61 8 9322 6283 Fax. +61 8 9322 6398

www.galanlithium.com.au