LIONTOWN LIMITED — Capital/Financing Update 2017

Mar 23, 2017

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Level 2, 1292 Hay Street West Perth Western Australia 6005 GPO Box 2890 Perth Western Australia 6001 t: + 61 8 9322 7431 f: + 61 8 9322 5800 info@ltresources.com.au www.ltresources.com.au

ABN 39 118 153 825

24 March 2017

Australian Securities Exchange Limited Level 40, Central Park 152-158 St Georges Terrace Perth WA 6000

Dear Sir

Forfeiture of Unlisted Options

Liontown Resources Limited (or “the Company”) advises that the following unlisted options have been forfeited:

Number of options: 1,000,000 Exercise price: 3.5 cents Expiry date: 31 March 2021

Yours faithfully

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LEANNE STEVENS Company Secretary