Australia Markets open in 5 hrs 52 mins

Sayona Mining Ltd (ASX:SYA) Extension of SPP

Brisbane, Australia, July 30, 2019 - (ABN Newswire) - Emerging lithium miner Sayona Mining Limited (ASX:SYA.AX - News) (HAM:DML.HM - News) (OTCMKTS:DMNXF - News) announced today an extension of the offer of shares under the Shareholder Share Purchase Plan (SPP) lodged with ASX on 24 June 2019.

This follows the recent appointment of new Managing Director/Chief Executive Officer, Brett Lynch to drive the Company's lithium portfolio in Canada and Western Australia and unlock increased value for shareholders from strategic opportunities.

The Company continues to receive applications from shareholders and the Directors believe it is in the best interests of shareholders to extend the offer to give them the opportunity to assess additional information expected to be released over the extended offer period and in view of market conditions.

Funds raised under the Plan will be applied to the development of the Company's projects, principally the flagship Authier Lithium Project, together with general working capital.

The SPP provides eligible shareholders with the opportunity to apply for parcels of new shares in Sayona valued between $1,000 and $15,000.

Revised Timetable

Event Date --------------------------------- Closing Date 14 August 2019 Issue of new Shares and SPP Options 20 August 2019 Quotation of SPP Shares 21 August 2019 ---------------------------------

About Sayona Mining Ltd:

Sayona Mining Limited (ASX:SYA.AX - News) (OTCMKTS:DMNXF - News) is an Australian, ASX-listed (SYA) company focused on sourcing and developing the raw materials required to construct lithium-ion batteries for use in the rapidly growing new and green technology sectors. The Company has lithium projects in Quebec, Canada and in Western Australia.

Please visit us as at www.sayonamining.com.au

Contact:

Paul Crawford Executive Director Phone: +61 (7) 3369 7058 Email: info@sayonamining.com.au

Source:

Sayona Mining Ltd

Copyright (C) 2019 ABN Newswire. All rights reserved.