Lake Way Project & Commissioning Update

Lake Way Project & Commissioning Update

Salt Lake Potash Limited (SO4 or the Company) is pleased to announce that process plant Practical Completion from GR Engineering Services has been achieved at its Lake Way asset in Wiluna, Western Australia. Plant commissioning continues with first SOP product expected in the weeks ahead.

· The process plant Practical Completion certificate has been issued, with plant handover to the SO4 operations team now complete.

· Commissioning activities continued throughout June with all sub-systems that comprise the plant individually commissioned.

· Fine tuning of the flotation circuit is ongoing with initial product expected in the weeks ahead.

TONY SWIERICZUK, Chief Executive Officer

"The SO4 operations team continues to work towards continuous operation of the process plant to deliver first SOP, expected over the coming weeks."

For further information, please visit www.so4.com.au or contact:

This announcement has been authorised for release by the Managing Director.

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Forward Looking Statements

This announcement includes forward-looking statements. These forward-looking statements are based on the Company's expectations and beliefs concerning future events. Forward-looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of the Company, which could cause actual results to differ materially from such statements. Although the Company believes that its forward-looking statements have reasonable grounds, can give no assurance that they will be achieved. They may be affected by a variety of variables and changes in underlying assumptions that are subject to risk factors associated with the nature of the Company's business (including those described in pages 11 to 21 (inclusive) of the Prospectus released to ASX on 11 February 2021), which cause actual results to differ materially from those expressed herein. The Company makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement, save where required by law or regulation, to reflect the circumstances or events after the date of this announcement.