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LAKE RESOURCES N.L. Capital/Financing Update 2020

Jan 22, 2020

65240_rns_2020-01-22_a01772a4-848a-4eed-afb2-9ee0fbdf84d8.pdf

Capital/Financing Update

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23 January 2020

ASX Compliance Pty Ltd 20 Bridge Street SYDNEY NSW 2000

By email: [email protected]

Dear Alex,

REQUEST FOR FURTHER ONE DAY VOLUNTARY SUSPENSION

In accordance with listing rule 17.2, Lake Resources NL. (ASX:LKE) (“Lake” or the “Company”) requests a further one day voluntary suspension on its securities pending the release of an announcement to the market in relation to a material capital raising.

The Company requests that the voluntary suspension be effective immediately and remain in place until the earlier of the commencement of normal trade on Friday, 24 January 2020 or the release of an announcement by the company in relation to capital raising.

The Company is not aware of any reason the voluntary suspension should not be extended.

This release was authorised by Mr Stephen Promnitz, Managing Director.

Yours faithfully,

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Sinead Teague Joint Company Secretary

Level 5, 126 Phillip St, Sydney, NSW 2000, Australia T: +61 2 9299 9690