Announcement PDF Building a Lithium Future ASX ANNOUNCEMENT AND MEDIA RELEASE 23 May 2024 ADDITIONAL INFORMATION TO 31 DECEMBER 2023 ANNUAL FINANCIAL REPORT Further to its annual financial report announced to the ASX on 28 March 2024, Lithium Universe Limited (referred to as "Lithium Universe" or the "Company," ASX: "LU7"), confirms that it used cash and assets which were readily convertible to cash, in a way that was consistent with the Company’s business objectives at the time of its reinstatement to quotation (14 August 2023) through to 31 December 2023, in accordance with ASX Listing Rule 4.10.19. As noted in the Company’s response to ASX Listing Rule 5.4.4 within its December 2023 quarterly release (29 January 2024), the Company’s business strategy includes the exploration of its lithium projects located within Canada and Australia, overlayed by its accelerated strategy to refine lithium (the Quebec Lithium Processing Hub strategy). As announced during the course of the financial year ended 31 December 2023, the Company’s spend on its Canadian exploration projects exceeded that of its estimated spend for the first year since its admission to the ASX, which is in line with the Company’s accelerated strategy announced to the ASX on 29 August 2023 (ASX LU7 “LU7 Lithium Inventory and Opportunities in Canada and Australia”). - Ends Lithium Universe Interactive Investor Hub Engage with Lithium Universe directly by asking questions, watching video summaries and seeing what other shareholders have to say about this, as well as past announcements, at our Investor Hub https://investorhub.lithiumuniverse.com/ Authorisation Authorised for release by Iggy Tan, Executive Chairman of Lithium Universe Limited. For more information, please contact: Alex Hanly Chief Executive Officer Lithium Universe Limited Email: info@lithiumuniverse.com Lithium Universe Limited ASX:LU7 ABN 22 148 878 782 Iggy Tan Chairman Lithium Universe Limited Email: info@lithiumuniverse.com Suite 9, 295 Rokeby Road, Subiaco, WA 6008, Australia Telephone: +61 2 8046 2799 e-mail: info@lithiumuniverse.com Website: www.lithiumuniverse.com About Lithium Universe Limited (ASX:LU7) LU7's main objective is to establish itself as a prominent Lithium project builder by prioritizing swift and successful development of Lithium projects. Instead of exploring for the sake of exploration, LU7's mission is to quickly obtain a resource and construct a spodumene-producing mine in Québec, Canada. Unlike many other Lithium exploration companies, LU7 possesses the essential expertise and skill to develop and construct profitable projects. Additionally, Lithium Universe Limited has access to significant Lithium opportunities in Tier 1 mining jurisdictions in Canada and Australia. Tier 1 Lithium Inventory Apollo Lithium Project (80%) Commanding a land position spanning over 240 km2, Apollo is located in the same greenstone belt and only 29 kilometres south-east of the Corvette Lithium Project owned by Patriot Battery Metals (market cap of over A$1.4 billion). Patriot's most successful drill result was a remarkable 156 meters at 2.12% Li2O at CV5. Similarly, 28 kilometres to the east, Winsome Resources Limited (market capitalization of over A$300 million) recently announced drilling hits of 107 meters at 1.34% Li2O from 2.3 meters (AD-22-005) at their Adina Project. Apollo has 17 pegmatite outcrops reported on the tenement package. Given the exceptional results from these neighbouring projects, the Apollo Lithium Project has the potential to be equally successful. Adina South & Adina West Lithium Project (80%) The project is situated in close proximity to the Adina discovery, which is owned by Winsome Resources, a Company with a Market Capitalisation of over A$300m in the market. The Adina Project has produced a visual pegmatite intersection of over 160m in drills, lying beneath outcropping 4.89% Li2O. Recently, Winsome Resources reported successful drilling results, with AD-22-005 yielding 107m at 1.34% Li2O from 2.3m at their Adina Project. The Adina South & Adina West Lithium Project boasts one of the largest prospective land holdings near Winsome Resources Limited. Aerial satellite images have revealed similar pegmatite occurrences at the surface. Margot Lake Lithium Project (80%) The Margot Lake project is located in north-western Ontario, in the premium lithium mineral district of Ontario’s Great Lakes region. The project is situated 16km southeast of Frontier Lithium’s (TSX-V: FL) PAK Deposit, which contains 9.3Mt at 2.0% Li2O, and 18km away from Frontier’s Spark Deposit, which contains 32.5Mt at 1.4% Li2O. The tenement contains nine confirmed and mapped pegmatites and is located in a highly competitive district due to recent major discoveries of lithium. Frontier Lithium, with a market capitalization more than CAD$450 million, is a significant player in the region. Lefroy Lithium Project (100%) Lefroy is in the mineral-rich Goldfields region of Western Australia. This strategically located project is in close proximity to the Bald Hill Lithium Mine, which has a top-quality spodumene concentrate with low levels of mica and iron, as well as significant tantalum by-product production. The Bald Hill mine has a resource of 26.5 million tonnes at 1.00% Li2O. The Lefroy project is also located near the Mt. Marion Lithium Mine, which is owned by Mineral Resources and has a market capitalization of A$17B. Mt. Marion produces 900,000 tonnes of mixed-grade spodumene concentrate annually and is approximately 60 kilometres from the Lefroy project. Voyager Rare Earth Project (80%) The Voyager project is north tenements are positioned between ABx Group tenures, where clay-hosted rare earth elements (REE) and niobium have been discovered and hold resources of 27Mt. These areas are analogous with Ionic Adsorption Clay (IAC) deposits that have produced REE in southern China using simple leaching. ABx stated that early testwork indications show their rare earth elements are easily leached and could be concentrated at low cost, with no deleterious elements. Geological mapping of Voyager's tenures indicates the presence of various areas of clay and bauxite, which is the ideal geological environment for the occurrence of rare earth elements. Lithium Universe Limited ASX:LU7 ABN 22 148 878 782 Suite 9, 295 Rokeby Road, Subiaco, WA 6008, Australia Telephone: +61 2 8046 2799 e-mail: info@lithiumuniverse.com Website: www.lithiumuniverse.com