European Lithium Ltd

("European Lithium", "EUR" or "the Company")

Clarification to Announcement on 22 March 2019

European Lithium Limited (ASX:EUR, FRA:PF8, VSE:ELI, NEX:EUR) (the Company) refers to the announcement released on 22 March 2019 titled "Corporate Presentation."

The presentation contains production and financial results from EUR's Prefeasibility Study (PFS) released on 5 April 2018.

The figures contained in the presentation were prepared based on a lithium hydroxide price of US$16,000/t (updated from US$18,351/t as reported in the PFS).  The change in price is reflective of current lithium prices.

In accordance with LR 5.19 the Company confirms that all other material assumptions underpinning the production target, or the forecast financial information derived from the production target continue to apply and have not materially changed.

Visit the Company's website to find out more about the advanced Wolfsberg Lithium Project located in Austria.

The full ASX announcement can be seen at: https://www.asx.com.au/asx/share-price-research/company/EUR

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The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014

Visit the Company's website to find out more about the advanced Wolfsberg Lithium Project located in Austria.

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