Facts and Figures, page-48

teddie. This was never, ever, in doubt. Maybe, we'll finally hear the end of your boring repetitions.

Welcoming his appointment, Lake’s Managing Director, Steve Promnitz said: “Robert offers a measured and
collaborative approach with vast experience in South America that will be invaluable as Lake advances towards
initial production of its lithium products. He will surely be a valuable addition to the Board.”

As the company moves toward pre-production, and to ensure an orderly transition, the board is currently
evaluating a candidate for the role of Chairman. Once appointed, Stu Crow will step down from the Chairman
role to serve as a non-executive director in order to devote more time to managing the Company’s capital
raising activities and marketing, which requires a significant time commitment.