GALAN LITHIUM LIMITED (GLN)

The suspension of trading in the securities of Galan Lithium Limited will be lifted immediately following the release by GLN of an announcement regarding an update on government permitting.

Galan has signed a commercial agreement with the Catamarca Government in support of the grant of permits to enable the commercialisation of lithium chloride concentrate to be sold locally or exported internationally. Galan's ability to export lithium chloride concentrate is expected to facilitate access to a larger customer base domestically and internationally, potentially offering enhanced offtake terms and funding/prepayment opportunities. The agreement includes an increase in the proposed royalty rate to 7% and potential advance payments. This is similar to the successful regime operating in Australia, thereby supporting the rapid development of the HMW project. The agreement includes a commitment by Galan, after 4 years, to pursue further downstream processing routes, outside the Hombre Muerto salar, with the intent to offer priority to a collaboration with the Catamarca government agency. The HMW Project is a Tier One project that will produce a low cost premium high grade lithium chloride (LiCl) concentrate of 6% Li, comparable to 13% Li2O or 32% Lithium Carbonate Equivalent (LCE) and remains on track for first production in H1 2025. The agreement also cements an important prerequisite required for the grant of Phase 2 permits (currently under application), potentially enabling the continuity of development for Phase 2 construction at the completion of Phase 1. Galan continues to work closely with the local Catamarca government in relation to our long term value add lithium production strategy, this agreement further significantly de-risks the strategy and provides evidence of our very strong, positive and collaborative relationship with local authorities and our community.

An extension of the voluntary suspension of the Company's securities is requested until the commencement of trading on Monday, 22 April 2024 or upon the release of an announcement by the Company pending an update on government permitting.

The securities of Galan Lithium Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of GLN, pending the release of an announcement regarding an update on government permitting.

The suspension of trading in the securities of Galan Lithium Limited will be lifted immediately following the release by GLN of an announcement.

The company issues a response to ASX price query.

Geophysical profiling of maiden drillhole C"01"19 indicates brine section from 205 to 397m. Brine section assay returns; 192 metres @ 802 mg/l Li. Check analyses confirms high grades with very low impurities (Mg, SO4). Second drillhole at Candelas well underway, currently at 465 metres. eology largely correlates to that observed in maiden drillhole. Basin in this area comprises a downthrown block " brine target horizon expected at depth and yet to be reached.

The company requests a further voluntary suspension over its securities pending a drilling update. The extension is requested until the commencement of trading on 11 March 2019 or upon the release by the company of an announcement providing a drilling update.

The securities of Galan Lithium Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of GLN, pending the release of an announcement regarding a drilling update.

name changed from Dempsey Minerals Limited