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

May 2, 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	16 April 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	26 April 2018

• 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	3,222,100 – Ordinary Shares 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 $0.28 312,500 – Unlisted Performance Rights (Tranche 3)
Class	Ordinary Shares
Number acquired	312,500
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil cash consideration – exercise of performance rights
No. of securities held after change	3,534,600 – Ordinary Shares 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 (Not Vested)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Conversion of Tranche 3 Performance Rights

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.

• See chapter 19 for defined terms.

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01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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 to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	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	Steve Promnitz
Date of last notice	16 April 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	(a) 26 April 2018 (b) 27 April 2018

• 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	12,757,108 – Ordinary Shares 625,508 – Unlisted options, expiry 30 November 2018, exercise price $0.05 (Class C) 625,508 – Unlisted options, expiry 21 October 2019, exercise price $0.05 (Class D) 5,000,000 – Unlisted Options, expiry 31 December 2020, exercise price $0.28 1,251,016 – Unlisted Performance Rights (Tranche 3) 2,500,000 – Unlisted Performance Rights (LTI Plan)
Class	(a) Ordinary Shares (b) Unlisted Options (Class D)
Number acquired	(a) 1,251,016 ordinary shares
Number disposed	(b) 625,508 unlisted options (Class D)
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	(a) Nil cash consideration – exercise of performance rights (b) $0.01 per option
No. of securities held after change	14,008,124 – Ordinary Shares 625,508 – Unlisted options, expiry 14 May 2018, exercise price $0.05 (Class C) 5,000,000 – Unlisted Options, expiry 31 December 2020, exercise price $0.28 2,500,000 – Unlisted Performance Rights (LTI Plan)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	(a) Conversion of Tranche 3 Performance Rights (b) Off-market transfer

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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 to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3