GLOBAL LITHIUM RESOURCES LIMITED — Capital/Financing Update 2021

May 31, 2021

DRILLING PROGRAM EXTENDED AND FIRST ASSAYS DESPATCHED

RC PROGRAM INCREASED TO 5,000M TO MAINTAIN DRILLING MOMENTUM AT THE MARBLE BAR LITHIUM PROJECT

Key Highlights:

• RC drilling program at the Marble Bar Lithium Project progressing safely, on schedule and on budget

• 24 holes for 4,126m completed as of the date of this announcement

• First batch of RC drill samples received at assay lab in Perth

• Following positive progress of the initial 4,000m RC program and ongoing identification and ranking of targets surrounding the Archer deposit, Global Lithium has elected to extend the RC program to approximately 5,000m with an additional 1,000m to be drilled while the rig is on-site

• Negotiations underway with drilling contractors to commence a diamond drilling program

• RC and diamond drilling results will help plan a further RC program anticipated to commence in Q4, pending access approvals and drill rig availability

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Figure 1: Profile Drilling’s RC rig in operation at the Archer Lithium Deposit .

Pilbara focussed lithium explorer, Global Lithium Resources Limited ( ASX: GL1 , Global Lithium or the Company ) is pleased to provide an update on its 2021 RC drilling program currently underway at the Company’s wholly owned Marble Bar Lithium Project ( MBLP ), located 150km south east of Port Hedland, in the Pilbara region of Western Australia.

Global Lithium commenced its RC drilling campaign at the MBLP in tandem with the Company’s successful listing onto the ASX earlier this month. The objectives of the drilling program are to undertake in-fill drilling to better understand the distribution of lithium mineralisation at the Archer deposit, and conduct step-out drilling to test for extensions to the Archer deposit along strike and at depth.

The Company is pleased to report that the drilling program, managed by Resource Potentials, is progressing well, with no reported safety, environmental or social incidents (see photo in Figure 1 ). The program is progressing on schedule and within budget, with 24 holes and 4,126 metres drilled to date.

Given the positive progress of the RC program and the ongoing identification and ranking of targets, surrounding the Archer deposit, Global Lithium has elected to extend the RC program to approximately 5,000m (an increase of approximately 1,000m), with all activity being undertaken in the Company’s current approvals footprint ( Figure 2 ).

Global Lithium Managing Director, Jamie Wright said, “ We are pleased with the momentum of this drilling program. The commitment to additional drilling is a strong vote of confidence and will ultimately allow us to test a number of potential extensions and new targets identified as the program has unfolded. I was at site recently to monitor the drilling program and am impressed with the progress to date by our teams in the field, including Resource Potentials and Profile Drilling. ”

“We look forward to the safe completion of our current RC drilling program and receipt of assays which will be used to help design our aggressive follow-on exploration programs.”

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Figure 2: Map showing existing and proposed drill hole locations.

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Figure 3: First batch of samples from the RC program leaving Marble Bar.

The MBLP is situated close to major road infrastructure, with direct links into Port Hedland where bulk commodities, including spodumene concentrate are currently being exported ( Figure 4 ). The MBLP is also located approximately 15km from the town of Marble Bar, which provides ready access to services and skills.

Global Lithium is well funded following its successful $10.0 million IPO completed in May 2021.

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Figure 4 : Marble Bar Lithium Project location map.

Approved and authorised 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

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

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.