Sizzle Acquisition Corp. Announces Approval Of Extension Of Deadline To Complete Business Combination To Form Critical Metals Corp.

European Lithium Limited (ASX: EUR, FRA:PF8, OTC: EULIF) (the Company) is pleased to advise that Sizzle Acquisition Corp, a publicly traded special purpose acquisition company (Nasdaq: SZZL) (Sizzle), received approval at a special meeting of stockholders held on February 1, 2023 to extend the date by which it must consummate an initial business combination (the Transaction) from February 8, 2023 to August 8, 2023, or such earlier date as determined by Sizzle’s Board of Directors (the Extension).

HIGHLIGHTS

• Sizzle Acquisition Corp. approve extension of deadline to complete the business combination with EUR to form Critical Metals Corp.

Upon closing of the Transaction, which is expected to occur in the first half of 2023, the Company’s wholly owned subsidiary, European Lithium AT (Investments) Ltd and its subsidiaries, ECM Lithium AT GmbH and ECM Lithium AT Operating GmbH, will merge with Sizzle to form Critical Metals, which is expected to be a leading lithium mining company and intends to list its shares on NASDAQ under the symbol “CRML.” EUR will be the largest shareholder of Critical Metals and continue to be listed on the ASX as a mining exploration and development company.

The Transaction is subject to approval by Sizzle shareholders, the effectiveness of the registration statement on Form F-4 under the U.S. securities laws, and other customary requirements.

This announcement has been approved for release on ASX by the Board of Directors.

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