Drilling Underway At Greenbushes South Lithium Project

Galan Lithium Limited (ASX: GLN) (Galan or the Company) is very pleased to announce that drilling has commenced at its 100%-owned Greenbushes South Lithium Project in Western Australia. Galan’s Key Greenbushes South Project tenement, E70/4790, is located only 3 km south of the Greenbushes Lithium Mine (Figure 2).

This maiden 2,500-metre drilling campaign is testing Galan’s targets identified from soil sampling and ground geophysics. The Company’s team on site have noted multiple minerals associated with lithium- bearing pegmatites close to the surface. These results, along with the proximity to the Greenbushes Mine and to the mineralising Donny-Brook Bridgetown Shear Zone are very encouraging.

Figure 1: Drilling underway at 100% owned Greenbushes South Lithium Project

Figure 2: Drone photo over the drill target area

The Galan Board has authorised this release.

For further information contact:

Juan Pablo (“JP”) Vargas de la Vega
Managing Director
Email: jp@galanlithium.com.au
Tel: +61 8 9322 6283

Terry Gardiner
Non-Executive Director
Email: TGardiner@galanlithium.com.au
Tel: + 61 400900377

Forward-Looking Statements

Some of the statements appearing in this announcement may be in the nature of forward-looking statements. You should be aware that such statements are only predictions and are subject to inherent risks and uncertainties. Those risks and uncertainties include factors and risks specific to the industries in which Galan Lithium Limited operates and proposes to operate as well as general economic conditions, prevailing exchange rates and interest rates and conditions in the financial markets, among other things. Actual events or results may differ materially from the events or results expressed or implied in any forward- looking statement. No forward-looking statement is a guarantee or representation as to future performance or any other future matters, which will be influenced by several factors and subject to various uncertainties and contingencies, many of which will be outside Galan Lithium’s control. Galan Lithium Limited does not undertake any obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after today's date or to reflect the occurrence of unanticipated events. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions or conclusions contained in this announcement. To the maximum extent permitted by law, none of Galan Lithium Limited, its directors, employees, advisors, or agents, nor any other person, accepts any liability for any loss arising from the use of the information contained in this announcement. You are cautioned not to place undue reliance on any forward-looking statement. The forward-looking statements in this announcement reflect views held only as at the date of this announcement.

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