EANS-News: European Lithium Limited / Termination of legal disputes - ATTACHMENT

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Corporate news transmitted by euro adhoc with the aim of a Europe-wide
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Company Information

West Leederville - ECM Lithium AT GmbH, the operating group company of European
Lithium in Carinthia, Austria, has today reached an agreement with Glock Gut-
und Forstverwaltung GmbH as the owner of the properties to which the mining
licenses and the exploration licenses of ECM Lithium AT GmbH relate and where
exploration activities are taking place and lithium-bearing ore shall be mined
in the future. This also brought legal disputes to an end.
In this context, it was clarified by an expert that there was never a risk to
the groundwater and spring water of nearby communities in Styria, as the lithium
deposit is located on the other side of the Koralpe and therefore there are no
adverse effects.
Based on the agreement with Glock Gut- und Forstverwaltung GmbH, European
Lithium Limited expects that the final feasibility study will be finished in
2021 or 2022 and that therefore the setting up of the mine could start between
late 2022 and early 2023.

Further inquiry note:
info@europeanlithium.com

end of announcement euro adhoc
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Attachments with Announcement:
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http://resources.euroadhoc.com/documents/10207074/5/10732215/1/20210528_Glock_Settlement.pdf

issuer: European Lithium Limited
Harrogate Street 32
AU-WA6007 West Leederville
phone: +61 8 6181 9792
FAX:
mail: ir@europeanlithium.com
WWW: www.europeanlithium.com
ISIN: AU000000EUR7
indexes:
stockmarkets: Wien, Frankfurt
language: English

ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | CNE

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