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

Oct 19, 2014

Appendix 3B New issue announcement

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13

Name of entity

LAKE RESOURCES N. L.

ABN

49 079 471 980

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1 +Class of +securities issued or to Ordinary Shares be issued 2 Number of[+] securities issued or 23,441,008 to be issued (if known) or maximum number which may be issued 3 Principal terms of the +securities (e.g. if options, Non-renounceable pro-rata rights issueexercise price and expiry date; if shortfall placement partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)

• See chapter 19 for defined terms.

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4 Do the[+] securities rank equally YES in all respects from the[+] issue date with an existing[+] class of quoted[+] securities? If the additional[+] securities do not rank equally, please state: • the date from which they do • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration $0.01 per share 6 Purpose of the issue Working capital (If issued as consideration for the acquisition of assets, clearly identify those assets) 6a Is the entity an[+] eligible entity No that has obtained security holder approval under rule 7.1A? If Yes, complete sections 6b – 6h in relation to the[+] securities the subject of this Appendix 3B , and comply with section 6i 6b The date the security holder N/A resolution under rule 7.1A was passed 6c Number of[+] securities issued N/A without security holder approval under rule 7.1

• See chapter 19 for defined terms.

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6d Number of+securities issued with security holder approval under rule 7.1A 6e Number of+securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting) 6f Number of+securities issued under an exception in rule 7.2 6g If+securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the+issue date and both values. Include the source of the VWAP calculation. 6h If+securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements 6i Calculate the entity’s remaining issue capacity under rule 7.1 and rule 7.1A – complete Annexure 1 and release to ASX Market Announcements 7 +Issue dates Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A. Cross reference: item 33 of Appendix 3B. 8 Number and +class of all +securities quoted on ASX (_including_the +securities in section 2 if applicable)	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	15 December,2014
	Number	+Class
	70,323,026	Ordinary Fully Paid Shares

• See chapter 19 for defined terms.

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9 Number and +class of all +securities not quoted on ASX (_including_the +securities in section 2 if applicable) 10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)	Number	+Class
	N/A
	N/A

Part 2 - Pro rata issue

11 Is security holder approval required? 12 Is the issue renounceable or non- renounceable? 13 Ratio in which the+securities will be offered 14 +Class of+securities to which the offer relates 15 +Record date to determine entitlements 16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements? 17 Policy for deciding entitlements in relation to fractions 18 Names of countries in which the entity has security holders who will not be sent new offer documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. 19 Closing date for receipt of acceptances or renunciations

No Non-renounceable One for three Ordinary Shares 24 October, 2014 yes Rounding up Pakistan, Indonesia, Hong Kong, Switzerland 8 December,2014

• See chapter 19 for defined terms.

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20 Names of any underwriters 21 Amount of any underwriting fee or commission 22 Names of any brokers to the issue 23 Fee or commission payable to the broker to the issue 24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of security holders 25 If the issue is contingent on security holders’ approval, the date of the meeting 26 Date entitlement and acceptance form and offer documents will be sent to persons entitled 27 If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders 28 Date rights trading will begin (if applicable) 29 Date rights trading will end (if applicable) 30 How do security holders sell their entitlements_in full_through a broker? 31 How do security holders sell_part_ of their entitlements through a broker and accept for the balance?	Republic Investment Management Pte Ltd, 202 Limited
	nil
	N/A
	N/A
	N/A
	N/A
	29 October,2014
	N/A
	N/A
	N/A
	N/A
	N/A

• See chapter 19 for defined terms.

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• 32 How do security holders dispose of their entitlements (except by sale through a broker)?

N/A

• 33 +Issue date

15 December,2014

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

• 34 Type of[+] securities ( tick one )

• (a)  +Securities described in Part 1

• (b)[All other ][+][securities ]

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

• 35  If the[+] securities are[+] equity securities, the names of the 20 largest holders of the additional[+] securities, and the number and percentage of additional +securities held by those holders

• 36  If the +securities setting out the number of holders in the categories[+] securities are[+] equity securities, a distribution schedule of the additional

• 1 - 1,000

• 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over

• 37 A copy of any trust deed for the additional[+] securities

• See chapter 19 for defined terms.

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Entities that have ticked box 34(b)

38 Number of[+] securities for which +quotation is sought 39 +Class of +securities for which quotation is sought 40 Do the[+] securities rank equally in all respects from the[+] issue date with an existing[+] class of quoted +securities? If the additional[+] securities do not rank equally, please state: • the date from which they do • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 41 Reason for request for quotation now Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another[+] security, clearly identify that other[+] security)

Number +Class 42 Number and +class of all +securities quoted on ASX ( including the +securities in clause 38)

• See chapter 19 for defined terms.

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Quotation agreement

• 1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the[+] securities on any conditions it decides.

• 2 We warrant the following to ASX.

• The issue of the[+] securities to be quoted complies with the law and is not for an illegal purpose.

• There is no reason why those[+] securities should not be granted +quotation.

• An offer of the[+] securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any[+] securities to be quoted and that no-one has any right to return any[+] securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the[+] securities be quoted.

• If we are a trust, we warrant that no person has the right to return the[+] securities to be quoted under section 1019B of the Corporations Act at the time that we request that the[+] securities be quoted.

• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

• 4 We give ASX the information and documents required by this form. If any information or document is not available now, we will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here: ......................................................... Date20October, 2014...................... (Director/Company secretary) Print name: ........Peter John Gilchrist.................................................

• See chapter 19 for defined terms.

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Appendix 3B – Annexure 1

Calculation of placement capacity under rule 7.1 and rule 7.1A for eligible entities

Introduced 01/08/12 Amended 04/03/13

Part 1

• Rule 7.1 – Issues exceeding 15% of capital

• Step 1: Calculate “A”, the base figure from which the placement capacity is calculated Insert number of fully paid[+] ordinary securities on issue 12 months before the + issue date or date of agreement to issue Add the following: • Number of fully paid[+] ordinary securities issued in that 12 month period under an exception in rule 7.2

• • Number of fully paid[+] ordinary securities issued in that 12 month period with shareholder approval

• • Number of partly paid[+] ordinary securities that became fully paid in that 12 month period

• Note: • Include only ordinary securities here – other classes of equity securities cannot be added

• • Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed

• • It may be useful to set out issues of securities on different dates as separate line items

• Subtract the number of fully paid[+] ordinary securities cancelled during that 12 month period “A”

• See chapter 19 for defined terms.

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Step 2: Calculate 15% of “A”

Step 2: Calculate 15% of “A”	Step 2: Calculate 15% of “A”
“B”	0.15 [Note: this value cannot be changed]
Multiply“A” by 0.15
Step 3: Calculate “C”, the amount of placement capacity under rule 7.1 that has already been used
Insertnumber of+equity securities issued or agreed to be issued in that 12 month period_not counting_those issued: •Under an exception in rule 7.2 •Under rule 7.1A •With security holder approval under rule 7.1 or rule 7.4 Note: • This applies to equity securities, unless specifically excluded – not just ordinary securities • Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed • It may be useful to set out issues of securities on different dates as separate line items
“C”
Step 4: Subtract “C” from [“A” x “B”] to calculate remaining placement capacity under rule 7.1
“A” x 0.15 Note: number must be same as shown in Step 2
Subtract“C” Note: number must be same as shown in Step 3
Total[“A” x 0.15] – “C”	[Note: this is the remaining placement capacity under rule 7.1]

• See chapter 19 for defined terms.

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Part 2

Rule 7.1A – Additional placement capacity for eligible entities

Step 1: Calculate “A”, the base figure from which the placement capacity is calculated

“A”

Note: number must be same as shown in Step 1 of Part 1

Step 2: Calculate 10% of “A”

“D” 0.10

Note: this value cannot be changed Multiply “A” by 0.10

Step 3: Calculate “E”, the amount of placement capacity under rule 7.1A that has already been used

Insert number of[+] equity securities issued or agreed to be issued in that 12 month period under rule 7.1A

Notes:

• This applies to equity securities – not just ordinary securities

• Include here – if applicable – the securities the subject of the Appendix 3B to which this form is annexed

• Do not include equity securities issued under rule 7.1 (they must be dealt with in Part 1), or for which specific security holder approval has been obtained

• • It may be useful to set out issues of securities on different dates as separate line items

• “E”

• See chapter 19 for defined terms.

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Step 4: Subtract “E” from [“A” x “D”] to calculate remaining placement capacity under rule 7.1A “A” x 0.10 Note: number must be same as shown in Step 2 Subtract “E” Note: number must be same as shown in Step 3 Total [“A” x 0.10] – “E” Note: this is the remaining placement capacity under rule 7.1A

• See chapter 19 for defined terms.

Appendix 3B Page 12

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REQUEST ID : 04462060 REPORT DATE : 16/09/2014 REPORT TIME : 17.00.32

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LAKE RESOURCES NL

INVESTOR RANGES TUESDAY 16 SEPTEMBER 2014

PARAMETERS

Issuer Code : LKE Report Name : INVESTOR RANGES REPORT Security Group : Security Code : LKE As At Date : CURRENT Foreign / Domestic : ALL Full or Summary : SUMMARY Business / Effective Date : EFFECTIVE Cross Register Reporting : No PDF Output : Y CSV Output : Y

PAGE NUMBER : 1 REPORT DATE : 16/09/2014 REPORT TIME : 17.00.32

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LAKE RESOURCES NL

INVESTOR RANGES TUESDAY 16 SEPTEMBER 2014

Ranges Investors Securities % Issued Capital

Security Code : LKE ORDINARY FULLY PAID SHARES

Totals for Security Code LKE

1 to 1000	10	3,337	.01
1001 to 5000	77	243,289	.35
5001 to 10000	145	1,281,705	1.82
10001 to 100000	253	7,504,161	10.67
100001 and Over	60	61,290,534	87.16
Total	545	70,323,026	100.00

The number of security investors holding less than a marketable parcel of 100000 securities ($.005 on 06/06/2014) is 480 and they hold 8532492 securities.

end of report

Confidential - Link Market Services Limited

REQUEST ID : 04461937 REPORT DATE : 16/09/2014 REPORT TIME : 12.21.15

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LAKE RESOURCES NL

FIRST 20 INVESTORS REPORT MONDAY15 SEPTEMBER 2014

PARAMETERS

Issuer Code	:	LKE
Report Name	:	TOP N REPORT
Security Group	:
Security Code	:	LKE
As At Date	:	15/09/2014
Top n	:	20
Top Type	:	(N)UMBER
Top n OR First n	:	FIRST N
Investor Groups	:	Y
Display Investors in Group	:	Y
Display Address	:	N
Display HRN	:	N
Current OR Available Bal	:	CURRENT
Foreign / Domestic	:	ALL
Holding Exclusions	:
Business / Effective Date	:	EFFECTIVE
Cross Register Reporting	:	No
PDF Output	:	Y
CSV Output	:	Y
Orient Capital CSV Output	:	N

PAGE NUMBER : 1 REPORT DATE : 16/09/2014 REPORT TIME : 12.21.15

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LAKE RESOURCES NL

	LAKE RESOURCES NL
	FIRST 20 INVESTORS REPORT MONDAY15 SEPTEMBER 2014 Current Rank Investor Balance Security: LKE - ORDINARY FULLY PAID SHARES 1 HSBC CUSTODY NOMINEES 9,332,000 (AUSTRALIA) LIMITED	% Issued Capital
		13.27%
	2 KHATTAR CAPITAL INTERNATIONAL 5,000,000 PTE LTD	7.11%
	3 CITICORP NOMINEES PTY LIMITED 4,666,000	6.64%
	4 KEMKAY PTY LTD 3,841,920	5.46%
	5 BUSHFLY AIR CHARTER PTY LTD 3,290,020	4.68%
	6 LAWNBET PTY LIMITED 2,400,000	3.41%
	7 INVIA CUSTODIAN PTY LIMITED 2,346,705	3.34%
	8 Inv. Group: TRENLIN PTY LIMITED TRENLIN PTY LIMITED 2,092,222 INVESTOR GROUP TRENLIN PTY LIMITED 2,092,222	2.98% 2.98%
	9 BENSONS OF BRISBANE PTY LTD 2,000,000	2.84%
	10 ROBERT TAN KAH BOH 2,000,000	2.84%
	11 CHNG SENG CHYE 2,000,000	2.84%
	12 JAMES CLAVARINO 1,549,400	2.20%
	13 MRS LILIANA TEOFILOVA 1,540,845	2.19%

Confidential - Link Market Services Limited

PAGE NUMBER : 2 REPORT DATE : 16/09/2014 REPORT TIME : 12.21.15

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LAKE RESOURCES NL

		LAKE RESOURCES NL
	Rank 14	FIRST 20 INVESTORS REPORT MONDAY15 SEPTEMBER 2014 Current Investor Balance CORPORATE PROPERTY SERVICES 1,509,840 PTY LTD	% Issued Capital
			2.15%
	15	QUEENSLAND ENERGY PTY LTD 1,268,508	1.80%
	16	CALAMA HOLDINGS PTY LTD 1,235,608	1.76%
	17	OCTIFIL PTY LTD 1,055,600	1.50%
	18	JAN MUHAMMAD 1,000,000	1.42%
	19	MR PAUL RAYMOND FROST + 800,000 MS SUSAN LOUISE LECKY	1.14%
	20	MR IANAKI SEMERDZIEV 761,000	1.08%
	TOTAL FOR TOP	Investors 20: 49,689,668 20	70.66%
	Investors TOTAL IN THIS REPORT: 49,689,668 20 TOTAL OTHER INVESTORS: 20,633,358 525 GRAND TOTAL: 70,323,026 545		70.66% 29.34% 100.00%

end of report

Confidential - Link Market Services Limited