LAKE RESOURCES N.L. — Call Transcript 2018

Feb 28, 2018

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LAKE RESOURCES N.L. (ASX:LKE)

ASX Release

1 March 2018

Lake Resources N.L. ABN 49 079 471 980

Suite 2, Level 10 70 Phillip Street Sydney, NSW Australia

Tel +61 2 9188 7864

Contact: Mr Steve Promnitz

Email: steve@lakeresources. com.au

Directors

Mr Steve Promnitz Mr Stuart Crow Dr Nick Lindsay Mr Andrew Bursill (Company Secretary)

LAKE RESOURCES - INVESTOR CONFERENCE CALL

Argentinean focused lithium exploration company Lake Resources N.L. (ASX:LKE, “Lake” or “LKE”) is pleased to advise it will host an investor teleconference with Managing Director, Steve Promnitz,

on Friday, 2 March 2017 at 10:30 am Australian Eastern Daylight Time,

to discuss the recent developments regarding the landmark agreement with Jujuy Province, Argentina that confirms tenure of Lake’s ~45,000 hectares of mining leases which covers Lake’s Olaroz – Cauchari Lithium Brine Project and Paso Lithium Brine Project in Argentina, in a world class lithium production area adjoining lithium brine production and development projects in Jujuy Province, Argentina.

This is a significant development for Lake Resources, as this is one of the largest land holdings of the prime lithium brine basins in the world and confirms Lake’s substantial scale versus its peers.

Conference call details:

Date: Friday 2 March, 2018

Time: 10:30 am AEDT, 7.30am Perth, (Thursday 6.30pm New York, 3.30pm Vancouver, 11.30pm London)

Presenting: Lake Resources N.L. Managing Director, Steve Promnitz

Please register for the call ahead of commencement at: https://services.choruscall.com.au/diamondpass/lakeresources-889756invite.html

Investors are encouraged to send questions regarding to steve@lakeresources.com.au ahead of the teleconference.

A brief Q&A will follow the presentation in which a selection of fund managers, stockbrokers and high net worth investors have been invited to participate.

For further information please contact:

Steve Promnitz Follow Lake Resources on Twitter: Managing Director https://twitter.com/Lake_Resources +61 2 9188 7864 Released through: steve@lakeresources.com.au Henry Jordan, Six Degrees Investor http://www.lakeresources.com.au Relations: +61 (0) 431 271 538

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Lake Resources N.L. (ABN 49 079 471 980) ASX:LKE Suite 2, Level 10, 70 Phillip St, Sydney NSW 2000, Australia T: +61 2 9188 7864 E: lakeresources@lakeresources.com.au

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LAKE RESOURCES N.L. (ASX:LKE)

Background on Lake Resources NL (ASX:LKE)

Lake Resources NL (ASX:LKE, Lake) is undertaking an aggressive exploration programme to explore and develop prime lithium projects in Argentina, owned 100%, among some of the largest players in the lithium sector. Lake holds one of the largest lithium tenement packages in Argentina (~170,000Ha) secured prior to a significant ‘rush’ by major companies with three key lithium brine projects located in the Lithium Triangle which produces half of the world’s lithium. Lake also holds one large package of lithium pegmatite properties which were an unappreciated source of lithium in Argentina until recently.

The three key brine projects, Olaroz/Cauchari, Paso and Kachi, have similar settings to major world class brine projects being developed in the highly prospective Jujuy and Catamarca Provinces. One project is located next to Orocobre’s Olaroz lithium production and SQM/Lithium Americas Cauchari project covering ~45,000 Ha. The Kachi project covers 50,000 Ha over a salt lake south of FMC’s lithium operation and near Albemarle’s Antofalla project.

Drilling at Kachi has shown conductive brines in thick porous sands with results are anticipated over the coming months. Surface sampling has revealed positive lithium results which will be expanded through the drilling program and geophysics. Exploration over Kachi and the advancement of the lithium projects in Jujuy will provide several catalysts for the company’s growth as these areas are assessed for major discoveries.

Significant corporate transactions continue in adjacent leases with development of SQM/Lithium Americas Olaroz/Cauchari project with an equity/debt investment over $300 million and Advantage Lithium’s equity transaction in some of Orocobre’s leases. LSC Lithium has also raised over $60 million on a large lease package in similar areas as Lake’s properties. Nearby projects of Lithium X are subject to a takeover offer of C$265 million in December 2017.

Lake Resources N.L. (ABN 49 079 471 980) ASX:LKE Suite 2, Level 10, 70 Phillip St, Sydney NSW 2000, Australia T: +61 2 9188 7864 E: lakeresources@lakeresources.com.au

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