Payday?, page-18

The information listed below is only for DLC investors to digest. Very good information about why the first and second attempts to mine Lithium failed. They failed because of market conditions and the price and demand of Lithium. Everything looks better now for DLC to launch.

Corporate
The capital markets in Australia were not receptive to a European junior mining project therefore in July 2014, the
shareholders of European Lithium’s former parent Global resolved to delist the company from the Australian Securities
Exchange and relist on a more appropriate stock exchange. This decision was effected on 15 August 2014, when Global
was removed from the official list.

In November 2014, the Company demerged from Global by way of an in-specie distribution by Global of its shares in
European Lithium to its shareholders with forgiveness of the intercompany loan. The Board and Management team has
since been seeking admission to trading on London’s Alternative Investment Market (“AIM”). Advisers to the admission were engaged and a Pathfinder and Investor Presentation prepared and verified. A preliminary road show was conducted in
October 2014 intending to raise £5million to complete a pre-feasibility study. The Wolfsberg project was well received
however, due to the turbulent market conditions, it was decided to wait until markets recovered before attempting to book build.

The roadshow was re-launched in June 2015. Despite the strong interest in lithium, almost all other commodities have been declining in price and the junior mining sector is clearly out of favour. Despite presentations to institutions, retail brokers, private client brokers and and high net worths in London and private banks and institutions in Switzerland and Austria It was not possible to complete a book for the amount required to advance the Project.

The Board has since engaged with a number of private equity and industry firms that have expressed an interest in lithium
and are prepared to take a longer term view. Discussions and due diligence are ongoing and the Board is hopeful that a
satisfactory transaction can be concluded. However, if such a transaction was to be completed, it would be probable that
the Company would remain private until at least the pre-feasibility study was completed and possibly the definitive feasibility study which would be in about two years. During this period shareholders would not be able to trade their shares on a public exchange.

AND NOW?
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According to a study commissioned by the German Mineral Resources Agency (DERA) about the growing demand for lithium by 2035 to almost four times the current production.

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Lithium is a key raw material for the success of the energy transition and necessary for high-performance batteries in electric mobility and to store power from wind and sun.

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The expected boom in demand affects it already from the commodities market.

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In just the past twelve months, the lithium price had tripled.

If we can get this thing off the ground and into the production phase, DCL holders will get a big chunk of the profits. And DLC could report profits soon! Just more good things that can happen with our stock!