LAKE RESOURCES N.L. — Share Issue/Capital Change 2025

Feb 3, 2025

Appendix 3G - 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

Tuesday February 04, 2025

The +securities the subject of this notification are:

+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
LKE	ORDINARY FULLY PAID	3,167,366	03/02/2025

Refer to next page for full details of the announcement

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Appendix 3G - 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 Registration number ABN 49079471980

1.3 ASX issuer code

LKE

1.4 The announcement is

New announcement

1.5 Date of this announcement

4/2/2025

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+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:

has an existing ASX security code ("existing class")

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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

ASX +security code and description

LKE : ORDINARY FULLY PAID

Date the +securities the subject of this notification were issued

3/2/2025

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
David Dickson	David Dickson	2,918,998
Lloyd Don Miller (CFO)	Lloyd Miller	146,106

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 Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities

3,167,366

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Appendix 3G - 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 notification, the +securities of the entity will comprise:

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.

4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
LKE : ORDINARY FULLY PAID	1,740,293,359
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
LKEAF : PERFORMANCE STOCK UNITS	31,449,087
LKEAP : PERFORMANCE SHARES	7
LKEAO : OPTION EXPIRING 19-JAN-2025 EX $1.48	1,000,000
LKEAT : RESTRICTED STOCK UNIT	37,042,883
LKEAA : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	15,687,014
LKEAS : OPTION EXPIRING 22-DEC-2025 EX $1.17	6,106,189
LKEAR : PERFORMANCE RIGHTS	1,703,500
LKEAQ : OPTION EXPIRING 25-OCT-2024 EX $0.565	2,000,000

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

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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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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