LAKE RESOURCES N.L. — Director's Dealing 2018

Jul 4, 2018

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	3 July 2018

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	(1) 4 July 2018 (LKE) (2) 4 July 2018 (LKEO) (3) 4 July 2018 (LKEOA)

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	3,584,600 – Ordinary Shares (LKE) 50,000 – Listed Options (LKEO) expiry date 27 August 2018 and exercise price $0.10 934,449 – Listed Options (LKEOA) expiry date 15 December 2018 and exercise price $0.20 156,250 – Unlisted options, expiry 30 November 2018, exercise price $0.05 (Class C) 156,250 – Unlisted options, expiry 21 October 2019, exercise price $0.05 (Class D) 3,000,000 – Unlisted Options, expiry 31 December 2020, exercise price $0.28
Class	(1) Ordinary Shares (LKE) (2) Listed Options (LKEO) expiry date 27 August 2018 and exercise price $0.10 (3) Listed Options (LKEOA) expiry date 15 December 2018 and exercise price $0.20
Number acquired	(1) 73,244 (2) 60,000 (3)400,000
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	(1) $0.096 per ordinary share (LKE) (25,888) (1) $0.095 per ordinary share (LKE) (3,600) (1) $0.094 per ordinary share (LKE) (43,756) (2) $0.025 per listed option (LKEO) (60,000) (3) $0.011 per listed option (LKEOA) (300,000) (3) $0.008 per listed option (LKEOA) (100,000)

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

3,657,844 – Ordinary Shares (LKE) 110,000 – Listed Options (LKEO) expiry date 27 August 2018 and exercise price $0.10 1,334,449 – Listed Options (LKEOA) expiry date 15 December 2018 and exercise price $0.20 156,250 – Unlisted options, expiry 30 November 2018, exercise price $0.05 (Class C) 156,250 – Unlisted options, expiry 21 October 2019, exercise price $0.05 (Class D) 3,000,000 – Unlisted Options, expiry 31 December 2020,exerciseprice $0.28

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

On-market trade

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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Interest after change N/A

Part 3 –[+] Closed period

Were the interests in the securities or contracts No detailed above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to N/A allow the trade to proceed during this period? If prior written clearance was provided, on what N/A date was this provided?

• See chapter 19 for defined terms.

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