TEMPEST MINERALS LIMITED — Capital/Financing Update 2017

Mar 26, 2017

Annexure 4A (v)

Level 15, 324 Queen Street Brisbane QLD 4000

Link Market Services Limited ABN 54 083 214 537

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21 March 2017

The Directors Lithium Consolidated Mineral Exploration Limited

Dear Directors,

Escrow Share

We confirm the issue of restricted shares as detailed below:

LI3ESC3Escrowed 18-5-17 LI3ESC4Escrowed 8-6-17 LI3ESC5Escrowed 15-8-17 LI3ESC6Escrowed 20-9-17 LI3ESC7Escrowed 5-10-17 LI3ESC8Escrowed 11-10-17 LI3ESC9Escrowed 12-10-17 LI3ESC11Escrowed 31-10-17 LI3ESC12Escrowed 2 years from listing LI3ESC19Escrowed 28-8-17 LI3ESC20Escrowed 17-10-17 LI3ESC21Escrowed 21-3-2018	2,625,000 250,000 375,000 1,100,000 3,000,000 1,062,814 375,000 1,725,000 31,290,000 75,000 250,000 12,000,000	2,625,000 250,000 375,000 1,100,000 3,000,000 1,062,814 375,000 1,725,000 31,290,000 75,000 250,000 12,000,000
Total Fully Paid Ordinary Shares Held in Escrow:		54,127,814
UnrestrictedFullyPaid OrdinaryShares(LI3):	35,844,308
Total Fully Paid ordinary Shares:	89,972,122

In accordance with ASX Listing Rule 9.5(b) we confirm that we have imposed a holding lock on the register which will prevent a transfer on those securities. We undertake to maintain the restriction until such time as a written consent is received from ASX.

We also confirm in accordance with ASX Settlement Operating Rule 8.9.1, that issuer sponsored statements and CHESS advices were sent to securityholders on 14 March 2017.

No refunds were required to be issued.

Regards,

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Vaasa Afa Manager, Capital Markets Brisbane