GALAN LITHIUM LIMITED — Director's Dealing 2022

Jan 6, 2022

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ASX ANNOUNCEMENT

7 January 2022

SALE AND REINVESTMENT IN SHARES BY NON-EXECUTIVE DIRECTOR

As disclosed in the attached Appendix 3Y, a Non-Executive Director, Terry Gardiner, has sold a total of 250,256 GLN shares on market.

Mr Gardiner has also converted 307,143 options (exercisable at $0.25 on or before 31/3/22) to increase his total Galan shareholding to 6,505,487 shares.

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 Terry Gardiner

Date of last notice 21 September 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 givingrise to the relevant interest.	IndirectTJ & VH Gardiner (Terry Gardiner Super Fund A/c), an accountin which Mr Gardiner is a beneficiary
Date of change	31 December 2021 – 7 January2022
No. of securities held prior tochange	Direct3,548,600 Fully paid ordinary shares207,143 Options expiring 31 March 2022 @ $0.251,500,000 Options expiring 8 October 2023 @ $0.21Indirect2,900,000 Fully paid ordinary shares100,000 Options expiring 31 March 2022 @ $0.25
Class	Fully paid ordinary shares
Number acquired	307,143
Number disposed	250,256
Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	Acquisitions - $76,786Disposals – $482,252

• 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 3,548,600 Fully paid ordinary shares 1,500,000 Options expiring 8 October 2023 @ $0.21 Indirect 2,956,887 Fully paid ordinary shares Nature of change On market trades to convert 307,143 GLN options @ $0.25 and

Example: on-market trade, off-market trade, to cover pending tax liabilities 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
	interesthas 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