Lake Resources NL announced the appointment of Ms. Ana Gomez Chapman to its Board, effective January 1, 2023. Ms. Chapman is a financial services executive and board director with over 25 years of investment management, capital markets and business leadership experience. She has worked and lived across the U.S., Europe, Latin America and Asia Pacific.

Ms. Chapman previously served on the Board of Directors of MP materials, a US-based sustainable rare earth production and refining company where she steered the company through an operational turn-around that led to a New York Stock Exchange listing. She has also served on the Advisory Board of investment software company Backstop Solutions Group. Ms. Chapman is a capital markets expert who has held senior roles at institutional investment firms including Hamilton Lane, where she currently serves as a Managing Director.

She previously was Senior Relationship Manager and Alternatives Lead at Allianz Global Investors, President of JHL Capital Group LLC, and Vice President at Goldman Sachs in their Latin American, Asian and US equities businesses. Ms. Chapman holds a Bachelor of Science in Civil and Environmental Engineering from Cornell University and an MBA from Columbia Business School. Ms. Chapman's appointment follows the board appointments of Mr. Howard Atkins and Dr. Cheemin Bo-Linn, announced earlier this week.

Mr. David Dickson assumed the role of CEO and Managing Director in September 2022. Mr. Dickson is an industry leader with over 30 years' experience in engineering, construction, and EPC cost management, across the energy sector. He has a proven track record in successfully delivering multibillion dollar resource projects.

Ms. Chapman will be issued 238,500 Restricted Stock Units that vest one year after appointment (1 January 2024). Shareholder approval will not be sought for the issue of the Restricted Stock Unit (or their exercise) as Ms. Chapman was not a director of Lake at the time of the negotiations and had no influence over the decision to issue the Restricted Stock Units.