LAKE RESOURCES N.L. — Share Issue/Capital Change 2003

Dec 21, 2003

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(1) 经经营合同的合同的 (1) 的复数人名英格兰人名

19 December 2003

Company Announcements Office Australian Stock Exchange Limited 4th Floor, 20 Bridge Street Sydney NSW 2000

Dear Sir/Madam.

ENTITLEMENT TO SHARES IN KANOWNA CONSOLIDATED GOLD MINES LTD

Lake Resources N.L. has been advised by Oroplata Limited that Lake will be offered 6,150,000 shares in Kanowna Consolidated Gold Mines Limited in exchange for Lake's holding of 3,000,000 shares in Oroplata Limited.

Yours sincerely, LAKE RESOURCES NL

Jillt

Peter Gilchrist Managing Director