LIONTOWN LIMITED — Capital/Financing Update 2021

Nov 14, 2021

15[th] November 2021

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ASX ANNOUNCEMENT | ASX : LTR

Response to Media Speculation

Liontown Resources (ASX: LTR ) ( Liontown or the Company ) refers to an article that appeared in The Australian on 14 November (“Liontown Resources seeking capital for Kathleen Valley Project”).

As outlined in the Definitive Feasibility Study (DFS) announcement and presentation releases on 11 November 2021, the Company will require further capital to progress the development of its Kathleen Valley Lithium Project.

Given the robust outcomes of the DFS, Liontown has received several financing proposals, including debt, equity and customer funding, which continue to be assessed with a view to maximising value for shareholders.

As outlined on page 23 of the DFS investor presentation, the Company is progressing a range of funding options but has not yet determined the preferred mechanism, quantum or timing of funding for Kathleen Valley and it does not have in place any mandate to raise equity.

This announcement has been authorised for release by the Board.

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TONY OTTAVIANO Managing Director

For More Information: Tony Ottaviano Managing Director T: +61 8 6186 4600

Investor Relations: Nicholas Read Read Corporate T: +61 8 9388 1474

Liontown Resources Limited | ABN 39 118 153 825 Level 2, 1292 Hay Street, West Perth WA 6005, Australia | PO Box 284, West Perth WA 6872 T: +61 (0) 8 6186 4600 | E: info@ltresources.com.au | www.ltresources.com.au