• Inadvertent breach of Listing Rule 7.1 in issuing 41,000,000 shares
• Breach due to administrative error in deducting shares from placement capacity
• Company has reviewed policies and procedures to ensure ongoing compliance

Lake Resources N.L. (ASX:LKE) has advised that it has become aware of an inadvertent breach of Listing Rule 7.1 in respect of 41,000,000 fully paid ordinary shares issued pursuant to the utilisation of its At-the-Market Subscription Agreement with Acuity Capital. The breach, which does not affect the validity of the share and option issues, was reported to Lake by the ASX, and the ASX has confirmed that the issue of the 41,000,000 shares to Acuity on 10 October 2025 cannot now be ratified by security holders under Listing Rule 7.4. The breach occurred due to an administrative error, primarily resulting from deducting the 41,000,000 shares from the Company's Listing Rule 7.1 Capacity on the issue date of those shares, rather than the date on which the Company was taken to have agreed to issue those shares (being 18 August 2025). If the 41,000,000 shares had been deducted from the Company's Listing Rule 7.1 Capacity on 18 August 2025, the Company would have been 30,774,886 shares short of its Listing Rule 7.1 Capacity on that date. The Company has reviewed its corporate governance policies and procedures and considers them adequate to ensure ongoing compliance, but recognizes the seriousness of the breach and has taken appropriate remedial action and further steps to mitigate any future breaches of the ASX Listing Rules.