GALAN LITHIUM LIMITED — Director's Dealing 2021

Dec 2, 2021

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ASX ANNOUNCEMENT

3 December 2021

SALE AND REINVESTMENT IN SHARES BY DIRECTORS

As disclosed in the attached Appendix 3Y’s, two Non-Executive Directors have sold a total of 978,991 GLN shares on market.

Mr Daniel Jimenez sold 319,971 GLN shares and converted his 2m options (exercisable at $0.25 on or before 1/12/21). His current share holding has increased to 2,004,471.

Mr Chris Chalwell sold 659,020 GLN shares and converted all his outstanding options (1m exercisable at $0.21 on or before 8/10/23 and 357,843 options exercisable at $0.25 on or before 31/3/22). His current share holding has increased to 3,000,001.

The sale of shares has been undertaken to exercise GLN options and to cover pending tax liabilities.

Board and management continue to hold just over 17% of Galan’s issued capital.

For and on behalf of the Galan Board.

Yours faithfully

Mike Robbins

Company Secretary

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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 ABN: 87 149 349 646

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	Daniel Jimenez
Date of last notice	12 October 2020

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.
Date of change	30 November – 3 December 2021
No. of securities held prior to change	Direct 2,000,000 options expiring 1 December 2021 @ $0.25 324,442 Fully paid ordinary shares 324,442 Options expiring 31 March 2022 @ $0.25 1,000,000 Options expiring 8 October 2023 @ $0.21
Class	Fully paid ordinary shares
Number acquired	2,000,000 Fully paid ordinary shares (upon conversion of $0.25 options)
Number disposed	319,971 Fully paid ordinary shares
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Acquisitions - $500,000 Disposals - $527,910
No. of securities held after change	Direct 2,004,471 Fully paid ordinary shares 324,442 Options expiring 31 March 2022 @ $0.25 1,000,000 Options expiring 8 October 2023 @ $0.21

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	On market trades to convert GLN options exercisable at $0.25

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	Chris Chalwell
Date of last notice	12 January 2021

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 and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Indirect CW Chalwell & IW Wilson (Chalwell Pension Fund A/c) an account in which Mr Chalwell is a beneficiary
Date of change	30 November -3 December 2021
No. of securities held prior to change	Direct 300,000 Fully Paid Ordinary Shares Indirect 2,001,878 Fully paid ordinary shares 357,143 Options expiring 31 March 2022 @ $0.25 1,000,000 Options expiring 8 October 2023 @ $0.21
Class	Fully paid ordinary shares
Number acquired	Direct – 1,000,000 Fully paid ordinary shares (upon conversion of $0.21 options) Indirect - 357,143 Fully paid ordinary shares (upon conversion of $0.25 options)
Number disposed	Direct – 300,000 Fully paid ordinary shares Indirect – 359,020 Fully paid ordinary shares

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Acquisitions - $299,284 Disposals - $1,086,471
No. of securities held after change	Direct 1,000,000 Fully Paid Ordinary Shares Indirect 2,000,001 Fully paid ordinary shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	On market trades to convert all outstanding GLN options and to cover pending tax liabilities

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