Communicators

Capital Raising for European Lithium

10 May 2019 – European Lithium Limited (ASX:EUR, FRA:PF8, VSE:ELI, NEX: EUR)(the Company) is pleased to announce that it will be undertaking a placement, mainly to European based sophisticated investors, at an issue price of $0.09 per share to raise proceeds of up to €1.5million (before expenses) (Placement).  The funds raised will be used towards the DFS at the Company’s Wolfsberg Lithium Project located in Austria.

The Company will use its capacity under listing rule 7.1 to issue shares under the Placement.  The company will issue and allot shares as the  funds are banked over the next 3 weeks.

Tony Sage

Non-Executive Chairman

European Lithium Limited