• Cosmos Exploration to acquire 100% of EAU Lithium Pty Ltd
• Raises A$5.0 million through a placement to institutional and sophisticated investors
• Funds to support exploration, EAU Lithium's negotiations in Bolivia, and working capital

Cosmos Exploration Ltd (ASX: C1X) has notified EAU Lithium Pty Ltd of its intention to exercise the option to acquire 100% of the issued share capital of EAU Lithium. As part of the exercise, Cosmos will issue approximately 108.5 million fully paid ordinary shares to EAU Lithium's shareholders, subject to shareholder approval. Cosmos has also received firm commitments totaling A$5.0 million (before costs) for a placement to institutional and sophisticated investors, including director participation for A$600,000. The funds raised will be used primarily towards exploration on existing Cosmos assets, supporting EAU Lithium's negotiations in Bolivia, EAU Lithium's cash consideration (A$525k), and working capital. EAU Lithium will remain as the controlling entity of its Bolivian business, with James Durrant, Todd Romaine, and Kay Hofmann continuing as directors and executives. Following the completion of the acquisition, Durrant and Romaine will be appointed as non-executive directors of Cosmos, and Hofmann will become the company's Chief Technical Officer.