GLOBAL LITHIUM RESOURCES LIMITED — Major Shareholding Notification 2021

May 4, 2021

INITIAL SUBSTANTIAL HOLDER NOTICES

We attach the Notice of Initial Substantial Holder (Form 603) received from the following substantial holders:

• Dianmin Chen
• Goldenstar Energy Pty Ltd
• Yongfang Guo

KEVIN HART Company Secretary Global Lithium Resources Limited

This ASX announcement was authorised for release by Mr Kevin Hart, Company Secretary, for and on behalf of the Board of Global Lithium Resources Limited.

For further information contact:

Jamie Wright Managing Director info@globallithium.com.au +61 8 6103 7488

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme	GLOBAL LITHIUM RESOURCES LIMITED
ACN/ARSN	626 093 150
1. Details of substantial holder(1)
Name	DIANMIN CHEN
ACN/ARSN (if applicable)

$2.$ Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder

Class of securities (4)	Number of securities	Person's votes (5)	Voting Power (6)
ORD	9,116,667	9,116,667	6.92%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
DIANMIN CHEN	HOLDER OF SHARES AND CONTROLLER OF DROCK INTERNATIONSAL PTY LTD AND CONTROLLER OF CHEN DM PTY LTD	ORD 9.116.667

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Class and number of securities
DIANMIN CHEN	DIANMIN CHEN	DIANMIN CHEN	ORD 5,200,000
DROCK INTERNATIONSAL PTY LTD	DROCK INTERNATIONSAL PTY LTD.	DROCK INTERNATIONSAL PTY LTD	ORD 2,666,667
CHEN DM PTY LTD	CHEN DM PTY LTD	CHEN DM PTY LTD	ORD 1,250,000

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number of
		Cash	Non-cash	securities
DIANMIN CHEN DIANMIN CHEN	06/06/2019 30/01/2020	\$120,000.00 \$97,500.00	$\overline{\phantom{a}}$	ORD 3,900,000 ORD 1,300,000

603 Page 2 of 3 15 July 2001

DROCK INTERNATIONSAL PTY LTD DROCK INTERNATIONSAL PTY LTD	06/06/2019 30/01/2020	\$50,000.00	ORD 2,000,000 ORD 666,667
CHEN DM PTY LTD	30/09/2020	\$12.50	ORD 1,250,000

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
DROCK INTERNATIONSAL PTY LTD ACN 142 820 353 CHEN DM PTY LTD ACN 620 606 439	ENTITY CONTROLLER BY DIANMIN CHEN ENTITY CONTROLLER BY DIANMIN CHEN

7. Addresses

The addresses of persons named in this form are as follows:

Name	Address
DIANMIN CHEN	18 DONERAILE COURT, WATERFORD WA 6152, AUSTRALIA

Signature

Print name	DIANMIN CHEN	Capacity
Sign here		Date

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the $(1)$ manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.
• $(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or $(5)$ an associate has a relevant interest in.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(6)$
• $(7)$ Include details of:
• any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a $(a)$ copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• $(b)$ any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write $(8)$ "unknown".
• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was $(9)$ acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

	To Company Name/Scheme	GLOBAL LITHIUM RESOURCES LIMITED
ACN/ARSN		626 093 150
1.	Details of substantial holder(1)
Name		GOLDENSTAR ENERGY PTY LTD

ACN/ARSN (if applicable)	619 948 444

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting Power (6)
ORD	14,475,002	14,475,002	10.98%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
GOLDENSTAR ENERGY PTY LTD		ORD 14,475,002

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of	Person entitled to be	Class and number of
	securities	registered as holder (8)	securities
GOLDENSTAR ENERGY PTY LTD	GOLDENSTAR ENERGY PTY LTD	GOLDENSTAR ENERGY PTY LTD	ORD 14,475,002

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

	Date of acquisition	Consideration (9)		Class and number of
Holder of relevant interest		Cash	Non-cash	securities
GOLDENSTAR ENERGY PTY LTD GOLDENSTAR ENERGY PTY LTD	06/06/2019 30/01/2020	\$500,000.00 \$335,625.15	- -	ORD 10,000,000 ORD 4,475,002

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

N/a

7. Addresses

The addresses of persons named in this form are as follows:

Name	Address
GOLDENSTAR ENERGY PTY LTD	37 WATKINS ROAD, DALKEITH WA 6009, AUSTRALIA

Signature

Print name	CHIN HUI BENEDICT CHIA	Capacity	DIRECTOR
Sign here		Date	03/05/2021

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.
• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.
• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• (4) The voting shares of a company constitute one class unless divided into separate classes.
• (5) The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.
• (6) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• (7) Include details of:
• (a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".
• (9) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

603 Page 1 of 2 15 July 2001

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme	GLOBAL LITHIUM RESOURCES LIMITED
ACN/ARSN	626 093 150
Details of substantial holder(1) ٠.

Name

YONGFANG GUO

ACN/ARSN (if applicable)

$\overline{2}$ Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting Power (6)
ORD	16,000,000	16,000,000	12.14%

$3.$ Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
YONGFANG GUO		ORD 16,000,000

Details of present registered holders 4.

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of	Person entitled to be	Class and number of
	securities	registered as holder (8)	securities
YONGFANG GUO	YONGFANG GUO	YONGFANG GUO	ORD 16,000,000

Consideration 5.

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number of
		Cash	Non-cash	securities
YONGFANG GUO YONGFANG GUO	06/06/2019 30/01/2020	S600,000 \$300,000	$\overline{\phantom{a}}$	ORD 12,000,000 ORD 4,000,000

Associates 6.

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
N/a

7. Addresses

The addresses of persons named in this form are as follows:

Name		Address
	LEVEL 19, TIANBAO 61 HAIER QINGDAO, CHINA YONGFANG GUO
	Signature
	YONGFANG GUO Print name	Capacity
	Sign here	Date
		DIRECTIONS
(1)		If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.
(2)	See the definition of "associate" in section 9 of the Corporations Act 2001.
(3)		See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
(4)		The voting shares of a company constitute one class unless divided into separate classes.
(5)	associate has a relevant interest in.	The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an
(6)		The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
(7)	Include details of:
	(a) or arrangement; and	any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme
	(b) applies).	any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification
		See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.
(8)	"unknown".	If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write
(9)		Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
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