GALAN LITHIUM LIMITED — Capital/Financing Update 2022

Mar 31, 2022

==> picture [112 x 70] intentionally omitted <==

==> picture [67 x 7] intentionally omitted <==

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

1 April 2022

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

On 30 March 2022 Galan Lithium Limited ( the Company or Galan ) issued a total 1,071,428 fully paid ordinary shares ( Shares ) in the capital of the Company upon the conversion of $0.25 options.

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 1,071,428 Shares on 30 March 2022 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 was 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