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Lithic Metals & Energy Limited

('Lithic' or the 'Company')

Notice of Special General Meeting

The Board of Directors of the Company has been in discussions with representatives of a substantial group of shareholders representing significant interests in the Company regarding current market conditions, the position of the Company in the market place and their wish to introduce a new strategy for the Company. The shareholder group has indicated that as part of its intended strategy for the Company, it proposes to replace the current Board.

Having considered a number of alternative courses of action, and having confirmed the intentions of the group of shareholders, and the proportion of the share capital represented by them including their voting intentions, the Board believes that the best interests of the Company and of all of its Shareholders are best served in the circumstances by convening a special general meeting of the Company to consider, and, if thought fit, to approve certain resolutions to be put to Shareholders as a whole.

The directors of the Company have today dispatched a notice to shareholders to convene a Special General Meeting of Lithic at the offices of WH Ireland Limited, 24 Martin Lane, London EC4R 0DR on 1st July 2009 at 10 a.m. (London Time) for the purpose of considering and, if thought fit, passing the following resolutions all of which will be proposed as Ordinary Resolutions:

1.  To replace the following persons as directors of the Company:

a.  David Ian Rawlinson;

b.  Julian Peter Ford; 

c. James Gavin Kerr; and

d.  David John Lunt.

2.  To appoint the following persons as directors of the Company:

a.  David de Jongh Weill;

b.  Ozge Erdem; and

c.  George Greville Roach.

(together the 'Proposed Directors')

In accordance with the AIM Rules for Companies, the following information is provided on the Proposed Directors:

Mr David De Jongh Weill    

David De Jongh Weill, aged 51, is a partner and founder of Chiliogon Partners LLP. He is currently a director of:

Caledon Overseas Holding Limited

Caledon Resources Plc

CAN Media Limited

Chiliogon Limited

Chiliogon Partners LLP

Finelot Trading Company Limited

Hecta Media Inc

Niger Uranium Limited

Kalahari Minerals Limited.

In addition, in the last 5 years, he has previously been a director of Chiliogon Secretaries Limited; Chiliogon Special Situations Limited; Consulta Veritas Limited and Microcap Media and Public Relation Limited.

Ms Ozge Erdem

Ozge Erdem, aged 29, is a qualified lawyer. She is not currently a director of any other company and has not been a director or partner of any company or partnership in the last 5 years.

Mr George Greville Roach

George Greville Roach, aged 60, is currently a director of:

African Olive Trading Pty Limited

Skat Music Pty Limited

Dymamic Intertrade Pty Limited

Calaska Trading Pty Limited

Vazex SA Pty Limited

Idada Holdings Pty Limited

Greystone Trading 200 CC

G&B Central African Resources Limited

G&B African Resources Limited

Vazex Limited

In addition, in the last 5 years, he has previously been a Director of Uramin Inc and Uramin CAR Limited.

Mr Roach controls 15,351,281 shares in the Company, representing 12.15% of the total issued capital.

Further announcements will be made in due course regarding the development of the strategy for the Company and the ongoing management arrangements.

For further information please contact:

Jim Kerr, Lithic Metals & Energy Limited	Tel: +61 8 9216 9000
Katy Mitchell, WH Ireland Limited	Tel: +44 (0)161 832 2174
Laurence Reed / Beth Harris, Threadneedle Communications	Tel:+44(0)207 653 9850

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