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

Oct 13, 2014

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14 October, 2014.

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

Dear Sir/Madam,

NON-RENOUNCEABLE RIGHTS ISSUE

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

EVENT DATE ASX Announcement Tuesday, 14 October, 2014 Ex Date Thursday, 23 October, 2014 Record date Friday, 24 October, 2014 Initial Mailing Date Wednesday, 29 October, 2014 Offer Opening Date Friday, 7 November, 2014 Offer Closing Date Monday, 8 December, 2014 ASX Notice on Under-subscriptions Thursday, 11 December, 2014 Allotment Date Monday, 15 December, 2014 Despatch of post allotment confirmation statements Tuesday, 16 December, 2014

Note: There will be no deferred settlement trading.

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