European Lithium Ltd

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

Issue of Options

European Lithium Limited (ASX:EUR, FRA:PF8, VSE:ELI, NEX:EUR) (the Company) advises that 11,250,000 options over ordinary shares have been granted to to the Directors of the company as set out below, representing approximately 2.05% of the Company's current issued share capital. Each option is exercisable at AU$0.15 on or before 31^st May 2019.

The Company also advises that 2,500,000 options over ordinary shares have been granted to Empire Capital Partners Pty Ltd (Empire), for services provided in establishing the Company's convertible note facility with Magna, representing approximately 0.46% of the Company's current issued share capital. Each option is exercisable at AU$0.20 on or before 11^th December 2021.

This issue of options to Directors and Empire are as resolved at the Company's AGM held on 28^th November 2018.

For announcements released on the ASX in relation to this please visit: https://www.asx.com.au/asx/statistics/announcements.do?by=asxCode&asxCode=EUR&timeframe=D&period=M6

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

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