Ann: Further Conductive Brines Cauchari, page-4

FURTHER CONDUCTIVE BRINES IN CAUCHARI DRILLING
• Further conductive brines have been intersected with high flows at Lake’s Cauchari Lithium BrineProject, Argentina.
• Drill rig currently below 300m targeting a 350-450m horizon within the next 7-10 days that isanticipated to show higher lithium values within a sand horizon.
• Results show continuity of lithium brine horizons from adjoining world-class major project inpre-production stage.

Lake Resources NL (ASX: LKE) announced today further conductive brines with high flows were intersected indrilling at its 100% owned Cauchari Lithium Brine Project in Argentina as the hole progresses to the target depth.

The drill rig is below 300m, after having encountered challenging drilling conditions due to high fluid pressuresand gravel/sand horizons.
The target is a sand horizon estimated between 350-450m which has recorded higherlithium values and fluid flows in the adjoining project.
Recent lithium brine results with lithium values up to 538 mg/L show continuity of a number of lithium brinehorizons into Lake’s leases from adjoining major projects (Figures 1-4) in pre-production with Ganfeng/LithiumAmericas (LAC).

Commenting on the latest update, Lake’s Managing Director Steve Promnitz said: “Lake is on track to finallyreach the target horizon soon at Cauchari and declare a major discovery. A series of brine horizon continue tobe intersected prior to the target horizon.