Global Lithium Resources : Highest Grade Lithium Assays Delivered to date at MBLP

ASX Announcement

2 May 2022

HIGHEST GRADE LITHIUM ASSAYS DELIVERED TO DATE AT MARBLE BAR LITHIUM PROJECT

POSITIVE DRILLING AND ASSAY RESULTS INCLUDE 3M @ 2.5% LI2O

Key Highlights:

• • Significant high grade lithium assay results continue from recent drilling campaigns at the Marble Bar Lithium Project (MBLP)

• • Results include:

  • - 3m @ 2.5% Li2O and 32ppm Ta2O5 from 67m in MBRC0244 including 1m @ 4.1% Li2O

  • - 4m @ 1.55% Li2O and 69ppm Ta2O5 from 37m in MBRC0174

  • - 4m @ 2.18% Li2O and 33ppm Ta2O5 from 13m in MBRC0229

  • - 3m @ 1.77% Li2O and 29ppm Ta2O5 from surface

  • - 12m @ 0.53% Li2O and 25ppm Ta2O5 from 44m in MBRC0236

  • - 6m @ 1.28% Li2O and 63ppm Ta2O5 from 58m in MBRC0242 including 1m @ 3.5% Li2O from 58m and 5m @ 1.36% Li2O and 43ppm Ta2O5 from 102m

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10m @ 0.64% and 49ppm Ta2O5 from 11m in MBRC0253.

• • Intercepts demonstrate the ongoing success of the planning and targeting undertaken by Global Lithium and CSA Global and further enhancing the potential of the MBLP, particularly south of the Archer resource along the greenstone sequence

• • Potential for lithium demonstrated in the east towards the Brockman Zone where a number of drillholes intercepted wide zones of lithium mineralisation - 12m @ 0.53% Li2O and 20m @ 0.47 Li2O in MBRC0236 in an area previously unexplored

• • Existing and newly identified lithium targets remain untested and will continue to be the focus for the CY2022 program which commenced in early February

Growing lithium explorer, Global Lithium Resources Limited (ASX: GL1, Global Lithium or the Company) is pleased to report encouraging lithium assay results from its Q4 2021 and Q1 2022 Exploration Program at the Company's wholly owned MBLP, located 150km southeast of Port Hedland in the Pilbara region of Western Australia.

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ASX:GL1

Suite 8, 7 The Esplanade, Mt Pleasant, WA [e-mail]| www.globallithium.com.au

Global Lithium Head of Geology, Stuart Peterson commented,

"Our Q4 2021 / Q1 2022 exploration drilling program continues to build momentum at the MBLP, with lithium intercepts continuing along the >6km strike of the mineralisation already identified within the project area. These results continue to highlight the prospectivity of the area, particularly towards the southern and eastern areas of GL1's tenement package.

"The successful program vindicates the targeting effort by the Global Lithium and CSA Global teams and provides a strong platform for future growth from the ongoing exploration.

"The lithium market remains very strong and we expect this momentum to continue throughout 2022 and beyond. Our immediate focus will be the ongoing CY2022 program at MBLP, including the highly prospective targets that remain untested, as well as our exploration campaign due to commence at the Manna Lithium Project in the Goldfields region in CY2022Q2."

The majority of MBLP drilling has been designed to test geochemical trends and mapped pegmatite targets, particularly along the greenstone belt and also several granite hosted pegmatite targets between the Archer deposit and the Brockman Zone.

Drilling of pegmatite targets in granite between the Archer deposit and the Brockman Zone continues to show promise, with anomalous lithium intersected in a number of drillholes, including several significant intercepts in the area extending south-east from Archer towards the Moolyella tin field. The significance of spodumene located within this part of the project demonstrates that the system is larger than originally thought and the Company intends to follow up on these targets throughout CY2022.

The success of the program indicates strong potential for future growth and provides further evidence that the MBLP is continuing to emerge as a significant spodumene lithium deposit, in a premier hard rock lithium mining jurisdiction.

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Figure 1: Map showing select RC drilling intercepts from the recent RC drilling program.

Ron Mitchell	Victoria Humphries
Executive Director	Media & Investor Relations
[e-mail]	[e-mail]
[phone]	[phone]
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35 Ventnor Avenue West Perth 6005
[e-mail]| www.globallithium.com.au

The MBLP is situated close to major road infrastructure, with direct links into Port Hedland, where bulk commodities, including spodumene concentrate, are currently being exported (Figure 2). The MBLP is also located approximately 15km from the town of Marble Bar, which provides ready access to services and skills.

As of 31 March 2022, Global Lithium is well funded with a cash balance of A$36 million.. (Refer 27 April 2022 ASX announcement"Quarterly Activities/Appendix 5B Cash Flow Report").

Figure 2: Marble Bar Lithium Project location map.

Approved for release by the Board of Global Lithium Resources Limited.

For more information:

Project (equity)	Category	Tonnes (mt)	Li2O%	Ta2O5 ppm
Marble Bar (100%) Manna (80%)	Inferred Inferred	10.5 7.9	1.0 1.14	53 49
Combined Total	18.4	1.06	51

About Global Lithium

Global Lithium Resources Limited (ASX:GL1, Global Lithium) is a diversified West Australian focussed mining exploration company with multiple assets in key lithium branded jurisdictions with a primary focus on the 100%-owned Marble Bar Lithium Project (MBLP) in the Pilbara region and the 80%-interest in the Manna Lithium Project in the Goldfields, Western Australia.

Global Lithium has now defined a total Inferred Mineral Resource of 18.4Mt @ 1.06% Li2O at its MBLP and Manna Lithium projects, confirming Global Lithium as a new lithium player in Western Australia, on which it will progress exploration during 2022.

Global Lithium's major shareholders include Suzhou TA&A Ultra Clean Technology Co. Limited (Suzhou TA&A), a controlling shareholder of Yibin Tianyi Lithium, a joint venture between Suzhou TA&A (SZSE: 300390) (75%) and CATL (SZSE: 300750) (25%), the world's largest EV battery producer, and ASX listed Mineral Resources Limited (ASX: MIN).

Directors

Warrick Hazeldine	Non-Executive Chair
Ron Mitchell	Executive Director
Dr Dianmin Chen	Non-Executive Director
Greg Lilleyman	Non-Executive Director
Hayley Lawrance	Non-Executive Director

Global Lithium - Mineral Resources

Competent Persons Statement:

The information in this announcement that relates to Exploration Results complies with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) and has been compiled and assessed under the supervision of Mr Bryan Bourke, a consultant to Global Lithium Resources Limited. Mr Bourke is a member of the Australasian Institute of Geoscientists. He has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the JORC Code. Mr Bourke consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.

Information on historical exploration results and Mineral Resources presented in this Announcement, together with JORC Table 1 information, is contained in the Independent Geologists Report within the Company's Prospectus dated 22 March 2021, which was released as an announcement on 4 May 2021.