LAKE RESOURCES N.L. — Director's Dealing 2017

Jun 8, 2017

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

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 30/09/01 Amended 01/01/11

Name of entity LAKE RESOURCES N.L.

ABN 49 079 471 980

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Steve Promnitz
Date of last notice	14 November 2016

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	8 June 2017

• See chapter 19 for defined terms.

01/01/2011

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change		Direct Holdings 5,004,062 – Ordinary Shares 2,502,032 – Unlisted options, expiry 4 April 2018, exercise price $0.05 (Class A) 1,251,016 – Unlisted options, expiry 4 April 2018, exercise price $0.05 (Class B) 625,508 – Unlisted options, expiry 4 April 2018, exercise price $0.05 (Class C) 625,508 – Unlisted options, expiry 4 April 2018, exercise price $0.05 (Class D) 5,004,062 – Unlisted Performance Rights (Tranche 1, 2 and 3) 7,500,000 – Unlisted Performance Rights (LTI Plan)
Class		1. Ordinary Shares 2. Lapse of Unlisted Performance Rights (Tranche 1) 3. Lapse of Unlisted Options(Class B)
Number acquired		1. 1,251,016
Number disposed		2. (1,251,016) 3. (1,251,016)
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		1. Nil cash consideration 2. N/A 3. N/A
No. of securities held after change		6,255,078 – Ordinary Shares 2,502,032 – Unlisted options, expiry 04/04/2018, exercise price $0.05 (Class A) 625,508 – Unlisted options, expiry 14 May 2018, exercise price $0.05 (Class C) 625,508 – Unlisted options, expiry 14 May 2018, exercise price $0.05 (Class D) 1,251,016 – Unlisted Performance Rights (Tranche 3) 7,500,000 – Unlisted Performance Rights (LTI Plan)

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 2

Appendix 3Y Change of Director’s Interest Notice

Nature of change

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

1. Conversion of Performance Rights (Tranche 2) into Ordinary Shares upon achievement of Milestone 2. Lapse of Unlisted Performance Rights (Tranche 1) 3. Lapse of Unlisted Options (Class B)

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade toproceed during thisperiod?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

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 30/09/01 Amended 01/01/11

Name of entity LAKE RESOURCES N.L.

ABN 49 079 471 980

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Stuart Crow
Date of last notice	14 November 2016

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	8 June 2017

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change		Direct Holdings 1,284,600 – Ordinary Shares 625,000 – Unlisted options, expiry 04/04/2018, exercise price $0.05 (Class A) 156,250 – Unlisted options, expiry 14 May 2018, exercise price $0.05 (Class C) 156,250 – Unlisted options, expiry 14 May 2018, exercise price $0.05 (Class D) 625,000 – Unlisted Performance Rights 1,000,000 – Unlisted Performance Rights (LTI Plan)
Class		1. Ordinary Shares 2. Lapse of Unlisted Performance Rights (Tranche 1) 3. Lapse of Unlisted Options (Class B)
Number acquired		1. 312,500
Number disposed		2. (625,000) 3. (312,500)
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		Nil cash consideration
No. of securities held after change		1,597,100 – Ordinary Shares 625,000 – Unlisted options, expiry 4 April 2018, exercise price $0.05 (Class A) 156,250 – Unlisted options, expiry 4 April 2018, exercise price $0.05 (Class C) 156,250 – Unlisted options, expiry 4 April 2018, exercise price $0.05 (Class D) 312,500 – Unlisted Performance Rights (Trance 3) 1,000,000 – Unlisted Performance Rights (LTI Plan)

• See chapter 19 for defined terms. Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

	Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	1. Conversion of Tranche 2 Performance Rights into ordinary shares upon attainment of milestone 2. Lapse of Unlisted Performance Rights 3. Lapse of Unlisted Options

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period **where prior written clearance was required? **	No
If so, was prior written clearance provided to allow the trade toproceed during thisperiod?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3