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  Corporate news transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is responsible for the content of this announcement.
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Capital Measures

West Leederville - European Lithium Limited (ASX:EUR)(FRA: PF8)(VSE: ELI)(NEX:
EUR) (the Company) is pleased to advise that it has listed 263,440,000 options
on the ASX. The options have an exercise price of $0.10 each and an expiry date
of 30 June 2020.

Trading on the ASX is expected to commence on 5 February 2020, or shortly
thereafter, under the ASX Code: EURO.

Tony Sage, Chairman, commented "This is great news for the Company as it gives a
huge amount of flexibility to investors, competitors, suppliers and potential
offtake partners, to accumulate an interest in the Company at a lower cost."

This announcement has been authorised for release to the ASX by the Board of the
Company.

Melissa Chapman
Company Secretary
European Lithium Limited



Further inquiry note: 
info@europeanlithium.com

end of announcement                         euro adhoc
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issuer:       European Lithium Limited
              Harrogate Street 32
              AU-WA6007 West Leederville
phone:        +61 8 6181 9792
FAX:          
mail:          ir@europeanlithium.com
WWW:       www.europeanlithium.com
ISIN:         AU000000EUR7
indexes:      
stockmarkets: Wien, Frankfurt
language:     English