LIONTOWN RESOURCES LIMITED (LTR)

The suspension of trading in the securities of Liontown Resources Limited will be lifted immediately following the release by LTR of an announcement regarding the finalisation of funding arrangements associated with the Kathleen Valley Project.

Firm commitments received for a fully underwritten Institutional Placement of approximately 203 million shares priced at A$1.80 per share to raise approximately A$365 million (before costs). An additional A$10.8m will be raised, subject to shareholder approval, via a non-underwritten conditional placement to Mr Timothy Goyder of 6 million shares. Opportunity for existing eligible shareholders to participate via a non-underwritten SPP to raise up to a further A$45 million. Strong demand received from domestic and offshore institutions providing further endorsement of Liontown's Kathleen Valley Project. Proceeds from the equity raising and the debt financing package announced on 19 October 2023 will be used towards refinancing existing Ford debt, completing construction and ramp up of the Project, fully funding1 Liontown to first production and beyond, and providing a prudent liquidity buffer to maintain a robust balance sheet.

The company releases a notice of proposed issue of securities.

The company releases its Capital Raising Presentation.

Signed commitment letter and credit approved term sheet with a syndicate of leading international and domestic commercial banks and government credit agencies for an A$760 million2 debt funding package. Debt funding on very attractive commercial terms and includes long duration project finance facilities and an optional cost overrun / working capital facility. Equity raising of A$376 million, comprising a fully underwritten institutional placement to raise A$365 million plus a non-underwritten conditional placement to Mr Timothy Goyder for 6 million shares (equivalent to A$10.8 million). Opportunity for existing eligible shareholders to participate via a non-underwritten share purchase plan to raise up to a further A$45 million. Proceeds from debt and equity raising will be used towards refinancing existing Ford debt, completing construction and ramp up of the Project, fully funding Liontown to first production and beyond, and providing a prudent liquidity buffer to maintain a robust balance sheet. Kathleen Valley remains on track to commence production in mid-2024.

The securities of Liontown Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of LTR, pending the release of an announcement regarding the finalisation of funding arrangements associated with the Kathleen Valley Project.

The suspension of trading in the securities of Liontown Resources Limited (the "Company") will be lifted immediately following the release of an announcement regarding a capital raising. Security Code: LTR LTRO

provides an update in relation to the Ibaga Copper-Zinc Project in Tanzania

2 Liontown Resources Limited (ASX: LTR) (the Company) requests all its listed securities remain in voluntary suspension, pending an announcement on the progress of due diligence matters in relation to the Ibaga Project. The Company requests an extension until commencement of trading on Tuesday 20 May 2014.

The securities of Liontown Resources Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending release of an announcement. Security Code: LTR LTRO

listed entity carried for record purposes only