GALAN LITHIUM LIMITED — Director's Dealing 2020

Jan 5, 2020

Appendix 3Y Change of Director’s Interest Notice

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	Jinyu (Raymond) Liu
Date of last notice	2 December 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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Indirect (1) Hongze Group Ltd - Mr Liu is a director and shareholder Indirect (2) Havelock Mining Investment Limited – Mr Liu is a director and shareholder
Date of change	31 December 2019 and 2 January2020
No. of securities held prior to change	Direct Nil Indirect (1) 17,955,870 Fully Paid Ordinary Shares 6,588,230 Unquoted Options Expiring 31/12/19 exercisable @$0.14
Class	Options expiring 31/12/19 @ $0.14
Number acquired	Nil
Number disposed	6,588,230
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change Direct Nil Indirect (1) 5,588,230 Fully Paid Ordinary Shares Indirect (2) 12,367,640 Fully Paid Ordinary Shares

Nature of change Expiry of 31/12/19 options exercisable @ $0.14 and transfers Example: on-market trade, off-market trade, between related Mr Liu entities 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 detailed above traded during a+closed period where prior written clearance was required?	No
	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

Appendix 3Y Change of Director’s Interest Notice

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	Juan Pablo Vargas de la Vega
Date of last notice	2 December 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: Patiperro P/L (Patiperro S/Fund) – Mr Juan Pablo Vargas de la Vega is a beneficiary
Date of change	31 December 2019
No. of securities held prior to change	Direct: 11,977,902 Fully Paid Ordinary Shares 5,117,659 Options expiring 31/12/19 exercisable @ $0.14 5,000,000 Class A Performance Shares 5,000,000 Class B Performance Shares Indirect (1): 267,030 Fully Paid Ordinary Shares
Class	Options expiring 31/12/19 exercisable at $0.14
Number acquired	Nil
Number disposed	5,117,659
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change Direct: 11,977,902 Fully Paid Ordinary Shares 5,000,000 Class A Performance Shares 5,000,000 Class B Performance Shares Indirect (1): 267,030 Fully Paid Ordinary Shares Nature of change Expiry of 31/12/19 options @ $0.14 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 detailed above traded during a+closed period where prior written clearance was required?	No
	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