• Renounceable pro-rata offer to Eligible Shareholders of 1 New Share for every 1 Share held
• Issue price of $0.005 per New Share to raise up to approximately $1.84 million (before costs)
• 1 free attaching Quoted Option for every 2 New Shares issued, exercisable at $0.015 each and expiring 3 years from the date of issue

Premier1 Lithium Ltd (to be renamed 'Erebus Resources Limited') is conducting a renounceable pro-rata entitlement offer to Eligible Shareholders of 1 New Share for every 1 Share held on the Record Date at an issue price of $0.005 each to raise up to approximately $1.84 million (before costs). The Entitlement Offer also includes 1 free attaching Quoted Option for every 2 New Shares issued, which are exercisable at $0.015 each and expiring 3 years from the date of issue. The Entitlement Offer is partially underwritten by Mahe Capital Pty Ltd. The Prospectus is also being issued for the Secondary Offers described in the document. The Company reserves the right to extend the Closing Date, subject to the Corporations Act and ASX Listing Rules. The Securities offered are of a speculative nature, and investors should read the Prospectus in its entirety before deciding to participate in the Offers.