Charger confirms large lithium system at Lake Johnston Project

Charger Metals NL (ASX: CHR, 'Charger' or the 'Company') is pleased to provide an update for its Lake Johnston Lithium Project, which includes proposed drilling at the Medcalf Prospect.

This program will follow the completion of drilling campaigns at the Company's Coates and Bynoe Projects where drilling approvals are expected in the near term. The Lake Johnston Lithium Project's ownership is predominately 70% Charger and 30% Lithium Australia NL (ASX: LIT).

Charger's Managing Director, David Crook commented: 'Charger has commenced the statutory approvals process required before the commencement of drilling of the spodumene-pegmatite target at the Medcalf Spodumene Prospect, which has mineralised outcrops extending over at least 500m of strike and where rock chip samples returned between 1.51% and 5.13% Li2O. 'Charger has successfully delivered new, priority drill targets at each of the Company's three projects, and despite delays out of our control, we continue to work proactively with Western Australian and Northern Territory regulatory bodies and other stakeholders to commence drilling on each project as soon as permitting is finalised.' The region hosting the Lake Johnston Project has attracted considerable interest in LCT pegmatite mineralisation due to its proximity to the large Mount Holland Lithium Project under development by Covalent Lithium Pty Ltd (a joint venture between subsidiaries of Sociedad Quimica y Minera de Chile S.A. and Wesfarmers Limited) located approximately 70km west of the Lake Johnston Project. Mt Holland is understood to be one of the largest undeveloped hard-rock lithium projects in Australia with Ore Reserves for the Earl Grey Deposit estimated at 94.2 Mt at 1.5% Li2O1.

Drilling schedule The DMIRS2 has flagged delays processing 'Program of Work' approvals for ground disturbing activities in Western Australia, which has impacted the start date for drilling at the Company's Coates Ni Cu Co PGE Project. Similarly, the Company is working through the Northern Territory 'Mine Management Plan'

About the Lake Johnston Lithium Project

The Lake Johnston Lithium Project is located 450km east of Perth, WA. Ownership is predominately 70% Charger and 30% Lithium Australia NL (ASX: LIT). Lithium prospects occur within a 50 km long corridor along the southern and western margin of the Lake Johnston granite batholith. The Lake Johnston Project includes the Medcalf Spodumene Prospect and much of the Mount Day LCT pegmatite field, prospective for lithium and tantalum minerals. A major 7,116 sites soil geochemical sampling programme was recently undertaken throughout the Lake Johnston Project, including the Mt Day and Medcalf prospect areas. The strike extent of the sampling at Mt Day and Medcalf Prospects is 23km and 9km respectively.

Contact:

David Crook

Tel: +61 427 916 974

Email: david.crook@chargermetals.com.au

Forward looking statements

This announcement may contain certain 'forward looking statements' which may not have been based solely on historical facts, but rather may be based on the Company's current expectations about future events and results. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward looking statements are subject to risks, uncertainties, assumptions, and other factors which could cause actual results to differ materially from future results expressed, projected or implied by such forward looking statements. Such risks include, but are not limited to exploration risk, Resource risk, metal price volatility, currency fluctuations, increased production costs and variances in ore grade or recovery rates from those assumed in mining plans, as well as political and operational risks in the countries and states in which we sell our product to, and government regulation and judicial outcomes. Readers should not place undue reliance on forward looking information. The Company does not undertake any obligation to release publicly any revisions to any 'forward looking statement' to reflect events or circumstances after the date of this announcement, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.