Mr. Frank Wheatley reports

TALISON LITHIUM UPDATE ON REGULATORY APPROVALS

As announced on Nov. 21, 2012, Talison Lithium Ltd. is continuing discussions with Chengdu Tianqi Industry (Group) Co. Ltd. and its advisers.

Today, Australian time, Tianqi received notification from the Australian Foreign Investment Board (FIRB) that it has no objections to the proposed acquisition of Talison by Tianqi's wholly owned subsidiary Windfield Holdings Pty. Ltd.

We seek Safe Harbor.