25 Nov

Cleansing Statement

ASX Announcement 25 November 2021 Cleansing Statement Lion Energy Limited (ASX: LIO – the “Company” or “Lion”) on the 23 November 2021 issued and allotted 76,250,000 fully paid ordinary shares at $0.08 per share as part of a placement to sophisticated investors. Below is the applicable Cleansing Notice. Secondary Trading Exemption: The Act restricts the on - sale of securities issued without disclosure, unless the sale is exempt under Section 708 or 708A. By the Company giving this notice, a sale of the Securities noted above will fall within the exemption in section 708A(5) of the Act. The Company hereby notifies the ASX under paragraph 708(A)(5)(e) of the Act that: a) The Company issued the Securities without disclosure to investors under Part 6D.2 of the Act; b) As at the date of this notice the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and c) As at the date of this notice there is no information: i) that has been excluded from a continuous disclosure notice in accordance with the Listing Rules; and ii) that investors and their professional advisors would reasonably require for the purpose of making an informed assessment of: (1) The assets and liabilities, financial position and performan ce, profits and losses and prospects of the Company; or (2) The rights and liabilities attaching to the Securities. For and on behalf of the board of Lion Energy Limited Arron Canicais Company Secretary
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