Successful Placement to Fund Formentera Project

Patagonia Lithium Ltd (ASX:PL3, Patagonia or Company) is pleased to advise that it has received firm commitments to issue up to 29,000,000 fully paid ordinary shares in the capital of Patagonia (Shares) at an issue price of A$0.10 per Share, under a private placement to institutional and sophisticated investors and existing shareholders to raise A$2,900,000 (before expenses) (Placement). Participa