Lithium Australia NL (ASX: LIT or 'the Company') advises that, following an ongoing review of its board and corporate governance principles, Mr Bryan Dixon will retire as a non-executive director.

His functions in that capacity will be fulfilled by Ms Kristie Young, who was recently appointed to the board. This orderly rotation strengthens the independence of the board, which now consists of two independent non-executive directors and the managing director. The director rotation will also add diversity to the board, with Ms Young bringing a wealth of experience gained via her business development roles with major accounting firms PwC Australia and Ernst & Young.

Mr Dixon, who joined the Company as a non-executive director in December 2009, has served the board well over the past 11 years. He assisted in the transition of the Company from a base-metal explorer to a sustainable supplier of energy metals to the battery industry. During the last 12 months, Mr Dixon has provided additional consulting services to the Company in respect of fundraising and corporate management.

Moving forward, Mr Dixon will continue to provide the Company with consulting services while serving as non-executive chairman of Company subsidiary Envirostream Australia Pty Ltd ('Envirostream') and as a director of Company subsidiary Envirostream UK Ltd.

Comment from Lithium Australia chairman George Bauk

'The Company thanks Mr Dixon for his valuable contribution as a director over the past 11 years and, in particular, for his significant input in the past 12 months with respect to recent capital-raisings and development of Envirostream. Mr Dixon will continue to consult to the Company, with a focus on Envirostream. The recent appointment of Ms Young to the board has ensured a smooth transition, and we look forward to working with her further.'

Contact:

Adrian Griffin

Tel: +61 (0) 418 927 658

Email: Adrian.Griffin@lithium-au.com

About Lithium Australia NL

Lithium Australia aims to ensure an ethical and sustainable supply of energy metals to the battery industry (enhancing energy security in the process) by creating a circular battery economy. The recycling of old lithium-ion batteries to new is intrinsic to this plan. While rationalising its portfolio of lithium projects/alliances, the Company continues with R&D on its proprietary extraction processes for the conversion of all lithium silicates (including mine waste), and of unused fines from spodumene processing, to lithium chemicals. From those chemicals, Lithium Australia plans to produce advanced components for the battery industry globally, and for stationary energy storage systems within Australia. By uniting resources and innovation, the Company seeks to vertically integrate lithium extraction, processing and recycling.

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