GLOBAL LITHIUM RESOURCES LIMITED — Capital/Financing Update 2021

Jul 15, 2021

GL1 COMPLETES STRATEGIC ACQUISITION OF PILBARA LITHIUM TENEMENTS

Key Highlights:

• GL1 has now completed the acquisition of E45/4274 and E45/4669.

• Tenements are located immediately south of the Company’s exciting Marble Bar Lithium Project (MBLP) and almost double the size of its project landholding.

• The acquisition is complementary and consistent with GL1’s stated strategy, with known lithium pegmatite swarm within 15km of GL1’s Archer deposit[1] .

Pilbara focussed lithium explorer, Global Lithium Resources Limited (ASX: GL1 , Global Lithium or the Company ) is pleased to announce it has now completed the acquisition of tenements E45/4669 and E45/4724. The tenements now become part of the Company’s wholly owned MBLP, located 150km southeast of Port Hedland, in the Pilbara region of Western Australia ( Figure 1 ).

Through the acquisition of E45/4724, the Company increases its holding of the North Star Basalt greenstone belt, from 11km of strike to more than 25km of strike extending to the south. This belt is already demonstrated to host lithium bearing pegmatites at the Company’s Archer deposit and other outcropping spodumene bearing pegmatites within GL1’s existing tenements[1] .

Previous exploration on E45/4669 has identified a lithium bearing pegmatite swarm across a 3.5km long and 4km wide zone[1] .

Global Lithium Managing Director, Jamie Wright said, “Since announcing the acquisition in June, we have been waiting eagerly to commence exploration on these highly prospective tenements. We intend to incorporate them into our programs and are excited to have the opportunity to explore for further lithium mineralisation.”

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Page 1 of 4 | ACN 626 093 150 | ASX: GL1
Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153
info@globallithium.com.au | www.globallithium.com.au
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1 Refer ASX release dated 17 June 2021.

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Figure 1: GL1’s MBLP tenement holding.

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Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153
info@globallithium.com.au | www.globallithium.com.au
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Figure 2 : Marble Bar Lithium Project location map.

Approved for release by the Board of Global Lithium Resources Limited.

For more information:

Jamie Wright Victoria Humphries Managing Director Media & Investor Relations info@globallithium.com.au victoria@nwrcommunications.com.au +61 8 6103 7488 +61 (0) 431 151 676

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Page 3 of 4 | ACN 626 093 150 | ASX: GL1
Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153
info@globallithium.com.au | www.globallithium.com.au
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About Global Lithium

Global Lithium Resources Limited (ASX:GL1, Global Lithium) is an emerging lithium exploration company with a primary focus on the 100%-owned Marble Bar Lithium Project (MBLP) in the Pilbara region of Western Australia.

Global Lithium has defined a maiden Inferred Mineral Resource of 10.5Mt @ 1.0% Li2O at its Archer deposit, confirming the MBLP as a significant new greenfields lithium discovery.

Directors

Warrick Hazeldine Non-Executive Chair Jamie Wright Managing Director Dr Dianmin Chen Non-Executive Director

Capital Structure Shares on issue: 131,808,339 fully paid ordinary shares Options on issue: 4,780,614 options with an exercise price of $0.30 per option and an expiry of 6 May 2025

Performance Rights: 5,000,000 performance rights, subject to certain performance milestones

Competent Persons Statement:

Information on historical exploration results and Mineral Resources presented in this Announcement, together with JORC Table 1 information, is contained in the Independent Geologists Report within the Company’s Prospectus dated 22 March 2021, which was released as an announcement on 4 May 2021.

The Company confirms that it is not aware of any new information or data that materially affects the information in the original reports, and that the form and context in which the Competent Persons findings are presented have not been materially modified from the original reports.

Where the Company refers to Mineral Resources in this announcement (referencing previous releases made to the ASX), it confirms that it is not aware of any new information or data that materially affects the information included in that announcement and all material assumptions and technical parameters underpinning the Mineral Resource estimate with that announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons findings are presented have not materially changed from the original announcement.

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Page 4 of 4 | ACN 626 093 150 | ASX: GL1
Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153
info@globallithium.com.au | www.globallithium.com.au
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