Appointment of Chief Executive Officer

Oceana Lithium Limited (ASX: OCN, “Oceana” or “Company”) is pleased to announce the appointment of Mr Caue Araujo as Chief Executive Officer, effective from 11 September 2023.

Caue is a qualified Australian-Brazilian geologist and an experienced mining industry professional. Following his early training with Vale in Brazil his subsequent roles have included General Manager of SRK Consulting Brazil, Regional Director of Investment and Business Planning at Hatch for Australia and Asia and more recently Global General Manager – Mine Finance with mining industry advisory group Palaris Australia. He has a strong aptitude for the technical and economic evaluation of mineral resource projects, having been involved in the development of numerous projects during his career working with finance providers and equity investors including emerging lithium miners and mine gate concentrate producers.

Caue is a member of the Australasian Institute of Mining & Metallurgy (AusIMM), the Australian Institute of Company Directors (AICD) and has an MBA (Project Management, Business and Finance) from Ibmec University, Brazil. Through his diverse experience, Caue has refined his abilities to lead and manage multi-disciplinary teams. He is well acquainted with the key chemical companies, battery producers and EV manufacturers’ supply chain and their requirements to secure environmentally responsible long-term sources of lithium supply.

Chairman, Gino Vitale commented:

“Oceana is delighted to have attracted Caue Araujo as CEO at this stage of the Company’s development. Caue brings both critical minerals industry experience, broader corporate leadership skills and extensive international experience, and will be based in Perth. The Board and I look forward to working closely with Caue to create shareholder value through continued development of Oceana’s exploration assets and value accretive project expansion opportunities.

Details of Mr Araujo’s compensation package are set out in the Annexure.

With the appointment of a new CEO, Mr Vitale will resume his role as the Company’s non- executive Chairman in October after a brief handover.

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