PRAIRIE LITHIUM LIMITED — Director's Dealing 2022

Jan 3, 2022

ASX Announcement

4 January 2022

CLEANSING NOTICE

Arizona Lithium Limited (ASX: AZL) (“Arizona Lithium” or the “Company”) issued 33,750,000 ordinary shares on 31 December 2021 following exercise of $0.0353, $0.0553 and $0.0653 options as noted in the Company’s Appendix 2A of today’s date.

As required by section 708A(6) of the Corporations Act 2001 (Cth) (“Corporations Act”), the Company notifies ASX that:

1. the shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

2. this notice is being given under section 708A(5)(e) of the Corporations Act;

3. as at the date of this notice, the Company has complied with:

4. a. the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

5. b. section 674 of the Corporations Act; and

6. as at the date of this notice, there is no information that is ‘excluded information’ (within the meaning of section 708A(7) and 708A(8) of the Corporations Act).

This announcement has been authorized for release by the Managing Director of Arizona Lithium.

For further information, please contact:

Oonagh Malone Company Secretary T: (08) 6313 3936

Arizona Level 1, 10 Outram Street Lithium West Perth WA 6005 Australia

T +61 (0) 8 6313 3936 E info@arizonalithium.com

ASX:AZL

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	Arizona Lithium Limited
ABN	15 008 720 223

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Barnaby Egerton-Warburton
Date of last notice	23 November 2021

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	BXW Ventures Pty Ltd – Mr Egerton-Warburton is a director
Date of change	30 December 2021
No. of securities held prior to change
Whistler Street Pty Ltd Discretionary A/C>	• 600,000 ordinary fully paid shares • 30,000,000 unquoted options exercisable at $0.06 each and expiringon 11 October 2024
Whistler Street Pty Ltd Superannuation Fund A/C>	• 3,970,000 ordinary shares
BXW Ventures Pty Ltd	• 7,750,000 unquoted options exercisable at $0.06 and expiring 30/12/21 • 4,000,000 unquoted options exercisable at $0.07 and expiring30/12/21
Class	Unquoted Options
Number acquired	Nil

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number disposed	a) 7,750,000 unquoted options exercisable at $0.06 (pre-in specie distribution) and expiring 30/12/21 b) 4,000,000 unquoted options exercisable at $0.07 (pre-in specie distribution) and expiring 30/12/21
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	a) $0.020605 per option b) $0.014105 per option
No. of securities held after change
Whistler Street Pty Ltd Discretionary A/C>	• 600,000 ordinary fully paid shares • 30,000,000 unquoted options exercisable at $0.06 each and expiring on 11 October 2024
Whistler Street Pty Ltd Superannuation Fund A/C>	• 3,970,000 ordinary shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Off-market trade of unquoted options at expiry

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3