LIVIUM LTD — Capital/Financing Update 2015

Aug 27, 2015

NL

==> picture [159 x 34] intentionally omitted <==

Aust r alia

ASX ANNOUNCEMENT

28 August 2015

COMPANY DETAILS

Lithium Australia Achieves 25% Premium at Auction

LITHIUM AUSTRALIA NL

ABN : 29 126 129 413 ASX CODE: LIT & LITCB

PRINCIPAL AND REGISTERED OFFICE

Suite 3 23 Belgravia Street Belmont WA 6104

HIGHLIGHTS

• LIT successfully completes public auction of forfeited partlypaid ordinary shares

• LIT raises gross proceeds (before costs) of $73,615.12 for an average of 1.2491 cents per partly paid ordinary share

• LIT achieves a 25% premium at auction

• One parcel achieved the highest price of 1.5 cents per share

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

POSTAL ADDRESS

PO Box 588 Belmont WA 6984

==> picture [23 x 42] intentionally omitted <==

CORPORATE INFORMATION

(28 August 2015) 134M Ordinary Shares 50M Contributing Partly Paid Shares 12M Unlisted Options

AUCTION OF PARTLY-PAID ORDINARY SHARES

Lithium Australia NL (ASX:LIT) has completed the auction of 5,893,471 forfeited partly-paid ordinary shares at a premium of 25% to the original call price of 1 cent per partly paid share, to raise gross proceeds (before costs) of $73,615.12.

Lithium Australia Managing Director, Mr. Adrian Griffin:

“The partly-paid share issue and auction has been an outstanding success for the Company. We raised more funds than we originally expected. This mechanism for No Liability companies remains a very effective nondilutive method, especially in such a tough market. We appreciate our shareholder’s support as we continue on our quest to become the greatest holder of lithium inventory in the world.”

Adrian Griffin Managing Director

BOARD OF DIRECTORS

George Bauk

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

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

Auctioneer Tiny Holly in action selling another LIT parcel at the ASX Boardroom in Perth today.

==> picture [331 x 206] intentionally omitted <==

As required by Listing Rule 3.12, LIT advises the following information. Upon clearance of funds, an Appendix 3B will be lodged.

Listing Rule Requirement	Number
LR 3.12.3
The number of shares offered for sale	5,893,471
The number of shares sold	5,893,471
The number of shares remainingforfeited	Nil
The average sale price per share(or range ofprices – centsper share or cps)	1.2491 cents(1.2-1.5 cps)
Proceeds of sale(before costs)	$73,615.12
LR3.12.4
Any net amount payable to former holders ofshares forfeited for non-payment of calls and theamountpayableper share	Notapplicable
LR 3.12.8
The number of shares cancelled	Nil

ABOUT LITHIUM AUSTRALIA

Lithium Australia (LIT) has a technical alliance with Strategic Metallurgy Pty Ltd to commercialise disruptive lithium extraction technology based on the recovery of lithium from micas; minerals not generally used as a source of lithium chemicals. 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 also has lithium exploration assets near Greenbushes and Ravensthorpe in Western Australia. LIT is also evaluating other European opportunities.

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

==> picture [326 x 246] intentionally omitted <==