Mali Lithium Ltd (ASX: MLL) ('Mali Lithium', 'the Company') is pleased to announce that it has encountered additional, thick high grade mineralisation at its flagship Goulamina Lithium Project in southern Mali as part of its current drilling program.

The Company is extremely pleased with the drilling thus far, with numerous additional mineralised pegmatite intersections having been discovered. These are in many cases extensions to previously known pegmatites and indicate the potential to improve significantly the size of, and level of confidence in, the Goulamina Mineral Resource. Best results include 44m at 1.76% Li2O from 159m (GMRC361), 50m at 1.60% Li2O from 137m and 39m at 1.84% Li2O from 36m (GMRC362).

A Mineral Resource update for Goulamina is currently anticipated around the end of March 2020. A new Ore Reserve estimate that will be incorporated into the Definitive Feasibility Study (DFS) currently underway on the project is expected approximately four weeks later, at the end of April.

Along with revising the Mineral Resource and Ore Reserve, the current drilling program is testing geophysical and structural hydrological targets within Goulamina and aiding in the completion of geotechnical testwork relating to the construction of the process plant and tailings storage facility.

Contact:

Chris Evans

Tel: +61 419 853 904

About Mali Lithium

Mali Lithium Limited (ASX:MLL) is developing the world class Goulamina Lithium Project in Mali, West Africa. Goulamina is fully permitted and is one of the world's largest uncommitted hard rock Lithium Reserves. The company is currently completing its Definitive Feasibility Study and has released the results of its Pre-Feasibility Study (PFS) on the project to the ASX on 4 July 2018. The Company also has a diversified commodity portfolio containing prospective gold tenements in southern Mali from which it intends to generate near term value for shareholders.

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