GALAN LITHIUM LIMITED — Director's Dealing 2019

Dec 19, 2019

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ACN 149 349 646
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20 December 2019

Appendix 3X and 3Y – Late Lodgement

Galan Lithium Limited ( Galan or the Company ) attaches an Initial Director’s Interest Notice (Appendix 3X) and Change in Director’s Interest Notice (Appendix 3Y) for Daniel Jimenez, who was appointed on 4 September 2019 and was issued unquoted options (as approved by shareholders at the 2019 AGM) on 2 December 2019.

The Company acknowledges that the notices were lodged outside the prescribed time limits and this was due to logistical and administrative oversights by the Company Secretary.

In accordance with listing rule 3.19B, the Company has the following processes in place to ensure it is able to meet its disclosure obligations:

(a) Each Director is informed of ASX disclosure requirements upon their appointment;

(b) Part of the appointment packages for all new Directors is an agreement which places an obligation on the Directors to notify the Company of their initial interest on appointment and any ongoing disclosure of any changes. This obligation is also explained in their Letter of Appointment; and

(c) The Company’s ‘Security Trading Policy’ requires any Director wishing to trade in the Company’s securities must first obtain the consent to do so from the Chairman or in the case of the Chairman the Board of Directors.

The Company considers its current compliance arrangements are adequate for ensuring timely notification but given the late lodgement of these documents, the Company and the Company Secretary have reviewed those arrangements and adjusted its processes to ensure that an oversight of this nature does not occur in the future.

Yours faithfully

Mike Robbins Company Secretary

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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.galanlithium.com.au

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity	Galan Lithium Limited
ABN	87 149 349 646

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director Date of appointment	Daniel Jimenez
	4 September 2019

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

Nil

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest.	Number & class of Securities

Part 3 – Director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	Nil
Nature of interest
Name of registered holder (if issued securities)
No. and class of securities to which interest relates

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

101 CAZRule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity	GALAN LITHIUM LIMITED
ABN	87 149 349 646

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Daniel Jimenez
Date of last notice	4 September 2019

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Indirect
Date of change	2 December 2019
No. of securities held prior to change	Direct Nil
Class	Options expiring on 1 December 2021 @ $0.25
Number acquired	2,000,000
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	Direct 2,000,000 Options Expiring 1 December 2021 exercisable @ $0.25

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Nature of change

Approved by shareholders at AGM held on 29/11/19

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buyback

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part. Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

. Were the interests in the securities or contracts No detailed above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade to proceed during this period? If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002