LAKE RESOURCES N.L. — Share Issue/Capital Change 2023

Dec 14, 2023

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

LAKE RESOURCES N.L.

Date of this announcement

Friday December 15, 2023

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	LKEESPRSU	2,646,279	14/12/2023
to be confirmed

Refer to next page for full details of the announcement

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

LAKE RESOURCES N.L.

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ACN

Registration number

079471980

1.3 ASX issuer code

LKE

1.4 The announcement is

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New announcement

1.5 Date of this announcement

15/12/2023

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Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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does not have an existing ASX security code ("new class")

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Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

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ASX +security code +Security description
New class - code to be confirmed LKEESPRSU
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+Security type ISIN code
Ordinary fully or partly paid shares/units
Date the +securities the subject of this notification were issued
14/12/2023
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Were any of the +securities issued to +key management personnel (KMP) or an +associate?
No
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.

Ordinary fully or partly paid shares/units Details

+Security currency AUD - Australian Dollar Are there CDIs issued over the +securities? No

Is it a Partly Paid class of +security? No

Is it a stapled class of +security? No Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02589430-2A1409194

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Any other information the entity wishes to provide about the +securities the subject of this notification Unlisted RSU to employees under and Employee Awards Plan

Issue details

Number of +securities 2,646,279

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
LKE : ORDINARY FULLY PAID	1,422,444,707
4.2 Unquoted +Securities (Total number of each +class of +securities issued but	not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
LKEAP : PERFORMANCE SHARES	7
LKEAO : OPTION EXPIRING 19-JAN-2025 EX $1.48	1,000,000
LKEAA : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	23,223,244
LKEAR : PERFORMANCE RIGHTS	6,703,500
LKEAQ : OPTION EXPIRING 25-OCT-2024 EX $0.565	2,000,000
New class - code to be confirmed : LKEESPRSU	2,646,279

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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