As previously advised, Galaxy Resources Limited (ASX: GXY, 'Galaxy' or the 'Company') will be hosting its 2020 Annual General Meeting ('AGM' or the 'Meeting') via a live webcast due to restrictions on public gatherings arising from COVID-19.

The AGM will be held at 2:00pm AWST (4:00pm AEST) on Thursday, 21 May 2020.

On 5 May 2020 the Federal Treasurer released temporary modifications to the Corporations Act which are designed to further facilitate the holding of meetings (including AGMs) via virtual meetings (Determination). On 8 May 2020 the Australian Securities and Investments Commission released additional guidelines for investor meetings using virtual technology (ASIC Guidance).

In order to address the requirements of the Determination and the ASIC Guidance, Galaxy has updated its Notice of Meeting. The revised Notice of Meeting is attached to this announcement and contains additional details on how shareholders can participate in the AGM, including details on voting and asking questions in real time during the Meeting. There has been no change to the business of the Meeting or the explanatory statement. The Determination permits companies to amend existing notices of meeting to comply with the provisions of the Determination at least 7 days before the Meeting is held.

The revised Notice of Meeting and details on how to participate in the AGM can also be found on Galaxy's website at www.gxy.com. Shareholders are encouraged to monitor the Galaxy website for any further updates in relation to the arrangements for the Meeting.

Contact:

Phoebe Lee

Tel: +61 (8) 9215 1700

Email: info@gxy.com

About Galaxy (ASX: GXY)

Galaxy Resources Limited ('Galaxy') is an international company with lithium production facilities, hard rock mines and brine assets in Australia, Canada and Argentina. It wholly owns and operates the Mt Cattlin mine in Ravensthorpe Western Australia, which is currently producing spodumene and tantalum concentrate. Galaxy is advancing development at the Sal de Vida lithium brine project in Argentina situated in the lithium triangle (where Chile, Argentina and Bolivia meet), which is currently the source of more than 40% of global lithium production. Sal de Vida has excellent potential as a low-cost brine-based lithium carbonate production facility. Galaxy's diversified project portfolio also consists of the wholly owned James Bay lithium pegmatite project in Quebec, Canada. James Bay will provide additional expansion capacity to capitalize on future lithium demand growth. Lithium compounds are used in the manufacture of ceramics, glass, and consumer electronics and are an essential cathode material for long life lithium-ion batteries used in hybrid and electric vehicles, as well as mass energy storage systems. Galaxy is bullish about the global lithium demand outlook and is aiming to become a major producer of lithium products.

Not for Release in the United States

This announcement has been prepared for publication in Australia and may not be released in the United States. This announcement does not constitute an offer of securities for sale in any jurisdiction, including the United States and any securities described in this announcement may not be offered or sold in the United States absent registration or an exemption from registration under the United States Securities Act of 1933, as amended. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer and that will contain detailed information about the company and management, as well as financial statements.

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