EANS-News

European Lithium Limited / Secures Strategic Engagement Agreement with Talaxis - ATTACHMENT

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Corporate news transmitted by euro adhoc with the aim of a Europe-wide
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Company Information

West Leederville - European Lithium Limited (ASX: EUR, FRA: PF8, NEX: EUR, VSE:
ELI) ("EUR" or the "Company") is pleased to announce that it has entered into a
strategic engagement agreement with Talaxis Limited ("Talaxis" ) which includes
the appointment of Talaxis and Noble Group Holdings Limited ("Noble Holdings")
executive Daniel Mamadou-Blanco as a strategic advisor to EUR. Talaxis, a
wholly-owned subsidiary of Noble Holdings, is a global leader in EV technology
metals project development. Talaxis invests and develops projects that are
related to nickel, cobalt, lithium, rare earths and other metals and materials
that are key to the energy transition.

Tony Sage EUR Non-Executive Chairman commented: "Given the unprecedented times
we live in, it is a huge coup for EUR to have secured the engagement with
Talaxis and above all the vast knowledge and experience of Daniel. The
appointment will expedite the DFS for the Company's Wolfsburg's lithium project
as the world starts to move out of the pandemic and into an EV future,
especially in Europe. "

Daniel Mamadou-Blanco Managing Director and the Global Head of Technology Metals
and Materials at Noble Holdings commented: "We are pleased to have secured a
long term strategic engagement with European Lithium. Having followed the
Wolfsberg Lithium Project for a number of years, we believe the asset is
uniquely placed to drive growth in the European battery industry given its
strategic location, metallurgically friendly lithium ore and expected production
timeline. Despite a challenging macro-economic environment in light of COVID-19,
we believe the industry's long-term fundamentals remain resilient as the
transition towards electric vehicles and renewable energy continues to
accelerate. We are proud to be partnering with European Lithium to support the
energy transition and drive long-term growth. "

Key Terms of Strategic Engagement

Key terms of the strategic engagement are as follows:
a) Talaxis will assist EUR in managing and establishing commercial relationships
and contract negotiations including:
i. Establishing, liaising and maintaining relationships with strategic partners,
such as debt and equity financiers, government / EU grant providers / financing