LIONTOWN LIMITED — Capital/Financing Update 2021

Oct 10, 2021

11 October 2021

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Kathleen Valley confirmed as a world-class lithium deposit as Minerals 260 Set to List on ASX Tomorrow Resource increases to 156Mt @ 1.4% Li2O

KEY POINTS

• Minerals 260 Limited (Minerals 260) has been admitted to the ASX.

• Official quotation of Minerals 260 securities to commence at 10:00 AM AWST, Tuesday 12 October 2021.

• ATO Class Ruling to be finalised and subsequently announced to the ASX when completed.

Further to its announcement of 5 October 2021, Liontown Resources Limited ( ASX: LTR ) ( “Liontown” or the “Company” ) is pleased to provide an update on the demerger and ASX listing of Minerals 260 Limited ( “Minerals 260” ), which holds the Moora and Koojan JV Projects in Western Australia.

Following the completion of its heavily oversubscribed $30 million Initial Public Offering (“ IPO ”), Minerals 260 was admitted on the official ASX list on the 8 October 2021 with the ASX code ‘ MI6 ’. Trading is scheduled to commence on the ASX at 10:00 AM AWST on Tuesday,12 October 2021.

The ATO Class Ruling outlining the implications for certain shareholders as a result of the recent demerger, is expected to be finalised over the next few weeks and shareholders will be advised in due course.

Commenting on the Minerals 260 demerger and IPO, Liontown Managing Director, Tony Ottaviano , said: “It’s tremendous to see the successful conclusion of the Minerals 260 demerger and the launch of an exciting new, well-funded exploration company on the ASX. In addition to their exposure to the world-class Kathleen Valley Lithium-Tantalum Project in WA, Liontown shareholders are also now the owners of a company with an outstanding project portfolio of Au-PGE-Ni-Cu assets in the Julimar Region, backed by a strong management team with a proven discovery track record and the funding to accelerate exploration success. I look forward to monitoring the progress that Minerals 260 makes, while Liontown continues to advance towards its objective of becoming a world-class battery materials producer.”

This announcement has been authorised for release by the Managing Director.

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TONY OTTAVIANO Managing Director

For More Information: Investor Relations: Tony Ottaviano Nicholas Read CEO & Managing Director Read Corporate T: +61 8 6186 4600 T: +61 8 9388 1474 info@ltresources.com.au nicholas@readcorporate.com.au

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----- Start of picture text ----- Liontown Resources Limited | ABN 39 118 153 825Level 2, 1292 Hay Street, West Perth WA 6005, Australia | PO Box 84, West Perth WA 6872 Liontown Resources Limited | ABN 39 118 153 8 2 5Level 2, 1292 Hay Street, West Perth WA 6005, Australia | PO Box 2890, Perth WA 6001 T: +61 (0) 8 6186 4600 | E: info@ltresources.com.au | www.ltresources.com.auT: +61 (0) 8 6186 4600 | E: info@ltresources.com.au | www.ltresources.com.au----- End of picture text -----