Ann: $2.4m to accelerate drilling at Cauchari, page-4

LAKE RAISES $2.4M TOACCELERATEDRILLING AT CAUCHARI& OLAROZ
•New funds raised deliver the financial flexibility to aggressively accelerate drilling at Cauchari and continue immediately to the equally prospective Olaroz.
•High fluid flows ofconductive brines recently interceptedwith results due next week at Cauchari Lithium Brine Project-followsresults withstrong lithium values of 480 mg/L.
•The target in the current hole at Cauchari is a ~350-450m deep sand horizonwhich has recorded higher lithium values and fluid flowsin the adjoining project.

Lake Resources NL (ASX: LKE) is pleased to announce that it has securedcommitments for$2.4millionbefore costs through the placementof approximately 27million ordinaryshares at $0.09 per share in a private placement to offshore and local sophisticated and professional investors. Every two new shares have oneattaching option exercisable at $0.10 cents per shareexpiring in July 2021