LAKE RESOURCES N.L. — Capital/Financing Update 2008

Nov 3, 2008

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A.B.N. 49 079 471 980

3-7 Maud Street, Newstead, Brisbane, Qld,4006, Ph: 61 7 32571111

Manager, Company Announcements ASX Limited.

Amendment to ASX Announcement of 31 October, 2008.

The record date for the non renounceable offer announced to shareholders on 31 October, 2008 has been amended to 13 November from the 11 November, 2008.

The closing date of the offer will remain 19 December, 2008.

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PJ Gilchrist, Secretary.

4 November,2008.