REPLACEMENT PROSPECTUS - BONUS LOYALTY OPTIONS OFFER

• Pro-rata, non-renounceable issue of bonus loyalty options to Eligible Shareholders
• One (1) Loyalty Option for every ten (10) fully paid ordinary shares held on the Record Date
• Loyalty Options exercisable at A$0.05, expiring on 14 October 2028

Lake Resources N.L. (ASX:LKE) has issued a replacement prospectus for a pro-rata, non-renounceable offer of bonus loyalty options ('Loyalty Options') to Eligible Shareholders. The key differences between the replacement prospectus and the original prospectus are updates to the total number of shares and options on issue, as well as the terms and conditions of the Loyalty Options. Eligible Shareholders will receive one (1) Loyalty Option for every ten (10) fully paid ordinary shares held at 7:00pm (AEST) on 17 October 2025 ('Record Date'). The Loyalty Options will be issued for nil consideration and will be exercisable at A$0.05, expiring at 5:00pm (AEST) on 14 October 2028. The Offer will only be available to Eligible Shareholders with registered addresses in Australia, New Zealand, the United Kingdom, Canada (British Columbia Province only), Singapore, the United States, Hong Kong or Argentina, and those with a registered address in the United States who have returned a duly signed US investor certificate to the Company on or before the Record Date.