LITHIUM PLUS MINERALS LTD. — Capital/Financing Update 2022

Apr 21, 2022

Lithium Plus Minerals Ltd ACN 653 574 219

Pro Forma Statement of Financial Position as at 31 December 2021 based on the actual amount raised ($10 million)

The table below sets out the Pro Forma Statement of Financial Position based on the actual amount of funds raised under the Prospectus, being $10 million.

The table below sets out the Pro Forma Statement of Financial Position based on the actual amountof funds raised under the Prospectus, being $10 million.	The table below sets out the Pro Forma Statement of Financial Position based on the actual amountof funds raised under the Prospectus, being $10 million.
Historical pro forma statement of financial position summary
As at 31-December-21LithiumPlusaudit review$	MaximumAdjustmentsPro forma9,289,1669,815,335(363,590)8,9918,925,5769,991,326-3,827,705-3,827,7058,925,57613,818,931(72,870)-(72,870)-(72,870)-8,998,44613,652,0319,119,35613,873,906520,000543,004(640,910)(764,879)8,998,44613,652,031
Current assets
Cash and cash equivalents1526,169
Other receivables372,581
Total current assets898,750
Non current assets
Exploration and evaluation expenditure3,827,705
Total non current assets3,827,705
Total assets4,726,455
Current liabilities
Trade and other payables72,870
Total current liabilities72,870
Total liabilities72,870
Net assets4,653,585
Equity
Issued capital24,754,550
Share based payment reserve323,004
Retained losses4(123,969)
Total equity4,653,585

Notes

1. Adjustments to reflect the receipt of IPO funds and payment of raising costs.

2. Represents equity issued, less costs of raising capitalised.

3. Represents value of Broker Options as included in the Prospectus lodged with ASIC on 15 March 2022.

4. Represents working capital adjustments and Options issued.