LIVIUM LTD — Capital/Financing Update 2015

Sep 21, 2015

NL

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Aust r alia

ASX ANNOUNCEMENT

22 September 2015

COMPANY DETAILS

Frequently Asked Questions on listed partly paid shares “LITCB”

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LITHIUM AUSTRALIA NL ABN : 29 126 129 413 ASX CODE: LIT & LITCB

PRINCIPAL AND REGISTERED OFFICE

Suite 3 23 Belgravia Street Belmont WA 6104

P +61 8 6145 0288 F +61 8 9475 0847

POSTAL ADDRESS

PO Box 588 Belmont WA 6984

CORPORATE INFORMATION

(22 September 2015) 134M Ordinary Shares 37M Listed Partly Paid Shares 15M Unlisted Partly Paid Shares 5M Unlisted Options 8M Performance Rights 16M Performance Option Rights

HIGHLIGHTS

• Listed partly paid shares (LITCB) commenced trading in late August 2015

• LITCBs now paid to 1.1 cents per share

• LITCBs remain unpaid for 3.9 cents per share

• The Board cannot call for more than 2 cents per LITCB in any discrete 6 month period

LITCB SUMMARY

Lithium Australia NL (LIT) recently completed its one cent call on partly paid shares (LITCBs) (see ASX announcement on 28 August 2015). LIT was successful in raising more than anticipated due to the outcome of the public auction of forfeited partly paid shares.

As a result, LIT now has 36,668,001 partly paid shares with a further 3.9 cents per share outstanding (ASX ticker: LITCB). The Company has received a number of enquiries in regard to these LITCBs. Shareholders have asked a number of questions as listed.

1. Is there any set date for the next call?

2. What is the expiry date for LITCBs?

3. Can I convert LITCBs now?

BOARD OF DIRECTORS

George Bauk

(Non-Executive Chairman) Adrian Griffin (Managing Director) Bryan Dixon (Non-Executive Director)

The answers to these particular questions are as listed below.

1. There is no set date but the Company cannot call more than 2 cents in any discrete 6 month period.

2. There is no expiry date for LITCB, but this security remains subject any calls made by the Company.

3. You may convert your LITCBs now by paying 3.9 cents per LITCB. However this action would be your choice. In the event that all LITCB shareholders took this option, the Company would raise a further $1.43m.

For further information contact:

Lithium Australia NL Adrian Griffin (MD)

Tel: +61 (08) 6145 0288 Email: info@lithium-au.com Web: www.lithium-au.com

The Company constantly reviews LITCB trading performance. Trading appears to be within the reasonable range expected for an equity of this type. LIT’s Managing Director, Adrian Griffin said:

“Partly paid shares in “No Liability” companies are an effective non-dilutive means for raising funds. This recent program raised approximately $394,000. The original partly paid shares were issued as a bonus to loyal shareholders. This lesser understood security has been beneficial to both the Company and shareholders.”

Adrian Griffin Managing Director

MEDIA CONTACT:

Adrian Griffin Lithium Australia NL 08 6145 0288 | 0418 927 658 Kevin Skinner Field Public Relations 08 8234 9555 | 0414 822 631

ABOUT LITHIUM AUSTRALIA

Lithium Australia (LIT) has exclusive technology licences to recover lithium from micas; minerals not generally used as a source of lithium chemicals. The Company considers this to be a disruptive technology with the potential to displace more conventional lithium production. LIT has a non-binding Heads of Agreement with European Metals Holdings Limited to process lithium mineralisation at Cinovec in the Czech Republic on a 50/50 JV basis. Cinovec contains abundant lithium micas and is one of the world’s largest hard-rock lithium occurrences. In addition, LIT has strategic alliances with Pilbara Minerals Limited, Focus Minerals Limited and Tungsten Mining NL, to investigate lithium and rare metals in prospective locations of Western Australia close to well-developed infrastructure. LIT has lithium exploration assets near Greenbushes and Ravensthorpe in Western Australia. LIT is also evaluating other European opportunities.

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