LIVIUM LTD — Capital/Financing Update 2017

Dec 4, 2017

5 December 2017

ASX ANNOUNCEMENT

Priority Entitlement for LIT Shareholders in BlackEarth Minerals NL IPO closes 7 December 2017

Lithium Australia NL (ASX: LIT) reminds shareholders that the LIT Priority Entitlement for the BlackEarth Minerals NL (‘ BEM ’) Initial Public Offer (‘ IPO ’) closes on 7 December 2017 . There has been significant LIT shareholder support to date. Currently, LIT shareholders have applied for in excess of 4m BEM shares for which the priority entitlement limit is 5m BEM shares. Further to a number of shareholder enquiries, the Priority Entitlement process is being managed by OzFinancial Services.

The current indicative timetable ***** for the BEM IPO is as follows:

Lodgement of Replacement Prospectus with ASIC 24 November 2017 Offer Opening Date 24 November 2017 Priority Offer Closing Date 5.00pm (WST) on 7 December 2017 Offer Closing Date ***** 5.00pm (WST) on 14 December 2017 Issue Date of Securities under the Offer ***** 18 December 2017 Despatch of holding statements ***** 19 December 2017 Expected date for Quotation on the ASX ***** 22 December 2017

***** The above dates are indicative only and may change without notice subject to the Corporations Act, ASX Listing Rules and other applicable laws. In particular, the Company reserves the right to extend the closing date of the Offer or close the Offer early without notice, which may have a consequential effect on other dates set out above. The Company also reserves the right to not proceed with the Offer at any time before the issue of Securities to applicants.

For further information, please refer to the BEM Replacement Prospectus which should be read and considered in its entirety before making any decision to participate in the Offer. Securities offered pursuant to the Replacement Prospectus carry no guarantee in respect of return of capital, return on investment, payment of dividends or the future value of the BlackEarth Shares. The Replacement Prospectus is available on the BEM website at: www.blackearthminerals.com.au .

Adrian Griffin

Managing Director Adrian.Griffin@lithium-au.com

ABOUT LITHIUM AUSTRALIA NL

LIT is a dedicated developer of disruptive lithium extraction technologies. LIT has strategic alliances, potentially providing access to a diversified lithium mineral inventory. LIT aspires to create the union between resources and the best available technology and to establish a global lithium processing business.

MEDIA CONTACT:

Barry Woodhouse Lithium Australia NL 08 6145 0288 | 0438 674 259 Kevin Skinner Field Public Relations 08 8234 9555 | 0414 822 631