LAKE RESOURCES N.L. — Capital/Financing Update 2014

Dec 14, 2014

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A.B.N. 49 079 471 980
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15 December, 2014.

The Manager, Company Announcements Office, Australian Stock Exchange Limited, 4th Floor, 20 Bridge Street, Sydney, NSW, 2000

Dear Sir/Madam,

NOTICE OF COMPLETION OF ALLOTMENT AND ISUE OF SECURITIE

NON-RENOUNCEABLE RIGHTS ISSUE

$0.01 per share, 1 right for every 3 shares held to raise $234,000

Pursuant to the Non-Renounceable Rights Issue announced on 20 October 2014 and closed on 8 December 2014, the Company advises the following:

1. The date of allotment of the new securities is 15 December 2014.

2. The number of new securities for which quotation is sought is 23,441,008 ordinary shares.

3. The total issued capital of the Company following allotment is 93,764,034 ordinary shares.

4. A statement setting out details of the 20 largest shareholders and percentages held is attached.

5. A statement of investor ranges is attached

6. A statement setting out details of issued capital is attached.

Yours sincerely,

LAKE RESOURCES N.L.

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Peter Gilchrist, Secretary

Office: 3-7 Maud Street, Newstead, Brisbane, Queensland, Australia, 4006. Post: GPO Box 1239, Brisbane, 4001. Phone: 61 7 3257 1111. Fax: 61 7 3257 2122. Email: lakeresources@lakeresources.com.au Web: www.lakeresources.com.au

PAGE NUMBER : 1 REPORT DATE : 15/12/2014 REPORT TIME : 11.11.10

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LAKE RESOURCES NL

TOP 20 INVESTORS REPORT MONDAY15 DECEMBER 2014

TOP 20 INVESTORS REPORT MONDAY15 DECEMBER 2014
Current Rank Investor Balance Security: LKE - ORDINARY FULLY PAID SHARES 1 HSBC CUSTODY NOMINEES 18,553,500 (AUSTRALIA) LIMITED 2 202 LTD 6,113,334 3 CITICORP NOMINEES PTY LIMITED 5,221,333 4 KEMKAY PTY LTD 5,122,560 5 KHATTAR CAPITAL INTERNATIONAL 5,000,000 PTE LTD 6 BUSHFLY AIR CHARTER PTY LTD 4,000,000 7 LAWNBET PTY LIMITED 2,400,000 8 INVIA CUSTODIAN PTY LIMITED 2,346,705 9 TRENLIN PTY LIMITED 2,092,222 10 202 LTD 2,008,516 11 BENSONS OF BRISBANE PTY LTD 2,000,000 11 ROBERT TAN KAH BOH 2,000,000 11 CHNG SENG CHYE 2,000,000 12 QUEENSLAND ENERGY PTY LTD 1,768,508 13 JAMES CLAVARINO 1,549,400 14 MRS LILIANA TEOFILOVA 1,540,845 15 CORPORATE PROPERTY SERVICES 1,509,840 PTY LTD 16 CALAMA HOLDINGS PTY LTD 1,235,608 17 FUB INVESTMENTS PTY LTD 1,141,900 18 OCTIFIL PTY LTD 1,055,600	% Issued Capital
	19.79% 6.52% 5.57% 5.46% 5.33% 4.27% 2.56% 2.50% 2.23% 2.14% 2.13% 2.13% 2.13% 1.89% 1.65% 1.64% 1.61% 1.32% 1.22% 1.13%

PAGE NUMBER : 1 REPORT DATE : 15/12/2014 REPORT TIME : 11.10.42

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LAKE RESOURCES NL

INVESTOR RANGES MONDAY15 DECEMBER 2014

Ranges Investors Securities % Issued Capital

Security Code : LKE ORDINARY FULLY PAID SHARES

Totals for Security Code LKE

1 to 1000	10	3,337	.00
1001 to 5000	75	236,789	.25
5001 to 10000	141	1,244,689	1.33
10001 to 100000	254	7,739,348	8.25
100001 and Over	65	84,539,871	90.16
Total	545	93,764,034	100.00

The number of security investors holding less than a marketable parcel of 125000 securities ($.004 on 08/10/2014) is 484 and they hold 9673813 securities.

end of report

PAGE NUMBER : 2 REPORT DATE : 15/12/2014 REPORT TIME : 11.11.10

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LAKE RESOURCES NL

TOP 20 INVESTORS REPORT

MONDAY15 DECEMBER 2014

		TOP 20 INVESTORS REPORT MONDAY15 DECEMBER 2014
	Rank 19 19 20	Current Investor Balance MR JEFFREY HOWARD LATIMER + 1,000,000 MRS JUDITH ANN LATIMER JAN MUHAMMAD 1,000,000 MR PAUL RAYMOND FROST + 800,000 MS SUSAN LOUISE LECKY	% Issued Capital
			1.07% 1.07% .85%
		Investors TOTAL IN THIS REPORT: 71,459,871 23 TOTAL OTHER INVESTORS: 22,304,163 522 GRAND TOTAL: 93,764,034 545	76.21% 23.79% 100.00%

end of report

REQUEST ID : 04589205 REPORT DATE : 15/12/2014 REPORT TIME : 11.10.21

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LAKE RESOURCES NL

ISSUED CAPITAL MONDAY15 DECEMBER 2014 to MONDAY15 DECEMBER 2014

PARAMETERS

Issuer Code : LKE Report Name : ISSUED CAPITAL REPORT Security Group : Security Code : LKE Beginning of Date Range : CURRENT End of Date Range : CURRENT Full or Summary : SUMMARY Business / Effective Date : EFFECTIVE

PAGE NUMBER : 1 REPORT DATE : 15/12/2014 REPORT TIME : 11.10.21

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LAKE RESOURCES NL

ISSUED CAPITAL MONDAY15 DECEMBER 2014 to MONDAY15 DECEMBER 2014

Previous Current Security Issued Issued Code Description Capital Capital Variance LKE ORDINARY FP 70,323,026 93,764,034 23,441,008

end of report

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