20 December 2023

Board Changes

Atlantic Lithium Limited (AIM: ALL, ASX: A11, OTCQX: ALLIF, "Atlantic Lithium" or the "Company"), the African-focused lithium exploration and development company targeting to deliver Ghana's first lithium mine, is pleased to announce that Jonathan Henry has been appointed to the Company's Board of Directors as an Independent Non-Executive Director.

Mr Henry is a senior executive with significant, global listed company experience, primarily in the mining industry, having held various leadership and Board roles for nearly two decades.

He currently serves as Non-Executive Chair of Toronto Venture Exchange-listed (TSX-V) Giyani Metals Corporation, a battery development company advancing its portfolio of manganese oxide projects in Botswana, having previously held the role of Executive Chair until May 2023.

Through his extensive career in the industry, Mr Henry has been heavily involved in the strategic management and leadership of projects towards production, commercialisation and, ultimately, the realisation of shareholder value. In his career to-date, he has gained significant experience working across capital markets, business development, project financing, key stakeholder engagement (including public and investor relations), and the reporting and implementation of ESG-focused initiatives.

Mr Henry's former roles within the mining sector include as Executive Chair and Non-Executive Director at Euronext Growth and AIM-listed Ormonde Mining plc, Non-Executive Director at TSX-V-listed Ashanti Gold Corporation, President, Director and Chief Executive Officer at TSX-listed Gabriel Resources Limited and various roles, including Chief Executive Officer and Managing Director, at London and Oslo Stock Exchange-listed Avocet Mining PLC.

Mr Henry holds a BA (Hons) in Natural Sciences from Trinty College, Dublin, Ireland.

In his role as Independent Non-Executive Director, Mr Henry will be focused on maintaining good corporate governance in the interests of all shareholders. His appointment also recognises the importance of having independent directors on the Board, particularly as the Company continues to grow.

In line with Mr Henry's appointment and on the date that Mr Henry assumes his position as Independent Non-Executive Director, Len Kolff, the Company's Head of Business Development and Chief Geologist, will step down from his role on the Board. Following these changes, there will be four Non-Executive and three Executive Directors on the Board.

Commenting, Neil Herbert, Executive Chairman of Atlantic Lithium, said:

"Jonathan is a highly regarded mining executive with excellent credentials and directly relevant experience of working in Africa. Having held leadership and Board positions within companies across a multitude of stock exchanges globally, he brings significant capital markets expertise, as well as a proven track record of successfully delivering value at both the project and company level.

"As we approach construction at the Ewoyaa Lithium Project, his learnings from his career to date, particularly from bringing projects he has worked on through to production, will be invaluable to the Company. As such, I am delighted to welcome Jonathan to the Atlantic Lithium team and look forward to working closely with him going forward.

"I would also like to take the opportunity, on behalf of the Board, to thank Len Kolff for his considerable contributions as a Director since his appointment to the Board in March 2022. Len joined the Board at a challenging time for the Company, following the untimely passing of the founder of the Company. His input through this period was, without doubt, instrumental in guiding the Company to where Atlantic Lithium is today. I am pleased that, in his role as Head of Business Development and Chief Geologist, Len will remain key to the ongoing success of the Company."

The following information is disclosed pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies in relation to Jonathan George Henry aged 57:

Mr Henry currently holds 51,518 ordinary shares of no par value each in the Company.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

For any further information, please contact:

Atlantic Lithium Limited

Neil Herbert (Executive Chairman)

Amanda Harsas (Finance Director and Company Secretary)

Notes to Editors:

About Atlantic Lithium

www.atlanticlithium.com.au

Atlantic Lithium is an AIM and ASX-listed lithium company advancing a portfolio of lithium projects in Ghana and Côte d'Ivoire through to production.

The Company's flagship project, the Ewoyaa Project in Ghana, is a significant lithium spodumene pegmatite discovery on track to become Ghana's first lithium-producing mine.

The Definitive Feasibility Study for the Project indicates the production of 3.6Mt of spodumene concentrate over a 12-year mine life, making it one of the top 10 largest spodumene concentrate mines in the world.

The Project, which was awarded a Mining Lease in October 2023, is being developed under a funding agreement with Piedmont Lithium Inc.

Atlantic Lithium holds 509km² and 774km² of tenure across Ghana and Côte d'Ivoire respectively, comprising significantly under-explored, highly prospective licences.