$4.5 million raised in oversubscribed placement

Lithium exploration company Lake Resources N.L. (ASX:LKE, “Lake” or “LKE”) announces that it has secured commitments to raise $4.5 million (before costs) in an oversubscribed private placement by way of the issue of 33,333,335 new ordinary LKE shares (Offer Shares) at $0.135 per share (Placement) with an attached 1-for-2 option exercisable at $0.20 on or before 15 December 2018 (Attaching Option),