LAKE RESOURCES N.L. — Major Shareholding Notification 2011

Mar 7, 2011

Facsimile

To		Australian Securities Exchange Limited Company Announcements Office
From	:	Seah Hiang Hong Republic Investment Management
Date		7 March 2011
Fax		612 9778 0999
Subject	t	Submission of Form 603 – Lake Resources N.L.
No of Pages :		03 (including this cover)

Dear Madam/Sirs,

RE: Notice of initial substantial holder (Form 603) - Lake Resources N.L.

Please find attached the completed Form 603 in respect of Republic Investment Management Pte. Ltd.

Sincere

Seah Hiang Hong Director

3 $2/$

$#$

$603$ page 1/2 15 July 2001

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Conpary Nane/Scheme	Lake Resources NL
ACNARSN	49 079 471 980
1. Details of substantial holder (1)
Nune	Republic Investment Management Pte. Ltd.

ACN/ARSN (if applicable)

The holder became a substantial holder on

$N/A$

$07/03/11$

1. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a
relevant interest (3) in on the date the substantial holder

Class of securities (4)	Nurber of securities	Reports votes (5)	Voting power (G)
Ordinary Shares	13,998,000	13,998,000	19.91%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Republic Investment	Control over disposal of	Ordinary Shares of
Management Pte. Ltd.	shares	13,998,000

1. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Resonentitled to be registered as holder (8)	Cass and runber ofsecurities
Republic Investment	HSBC Custody Nominees (Australia) Limited		Ordinary Share's
Management Pte, Ltd.			of 13,998,000

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Hider of relevant interest	This of acquisition	Consideration (9)		ass and namber of securities
		Cash	Norreash
Republic Investment	7 Mar 11	\$699,900	$\blacksquare$	Ordinary Shares
Management Pte. Ltd.				$ $ of 13,998,000

07-03-11;17:40

: +65 65361033 603

page 2/2 15 July 2001

37 3

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN AFSIN (if applicable)	Nature of association
N/A

7. Addresses

The addresses of persons marred in this formare as follows:

Nam	Address
Republic Investment	30 Cecil Street #18-02/03 Prudential Tower
Management Pte. Ltd. _________	Singapore 049712

Signature

DIRECTIONS

• Φ If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the rames could be included in an arressure to the form If the relevant interests of a group of poisons are ossentially similar, they may be referred to throughout the form as a specifically ramed group if the membership of each group, with the rames and addresses of members is clearly set out in pumgaph 7 of the form
• $^{\circ}$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• $\circ$ See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• $\omega$ The voting shares of a company constitute one class unless divided into separate classes,
• Ф The total number of votes attached to all the voting shares in the company or voting intensts in the scheme (if any) that the person or an associate has a relevant interest in
• ത The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• ത Indude details of
• ω any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accumine details of any contract, scheme or annuagement, must accompany this form together with a written statement certifying this contract, scheme or amangement and
• ω any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• 份 If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest anises because of an option) write "unknown".
• Θ Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become ertified to receive in relation to that acquisition Detrils must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.