Galaxy Resources Limited (ASX: GXY) (Galaxy) and Orocobre Limited (ASX: ORE, TSX: ORL) (Orocobre) refer to the announcement made on 2 July 2021 in relation to: its proposed merger with Orocobre pursuant to which Orocobre will acquire all of the shares in Galaxy by way of a scheme of arrangement and the orders made by the Supreme Court of Western Australia convening a meeting of shareholders of Galaxy to consider and vote on the Scheme and approving the dispatch of an explanatory statement providing information about the Scheme, together with the Notice of Scheme Meeting to Galaxy Shareholders

Scheme Booklet

Galaxy is pleased to confirm that the Australian Securities and Investments Commission (ASIC) has today registered the Scheme Booklet. A copy of the Scheme Booklet is attached to this announcement and will also be made available on Galaxy's website at www.gxy.com. The Scheme Booklet will be dispatched to Galaxy Shareholders by Wednesday, 7 July 2021 in the manner described in Galaxy's announcement made on 2 July 2021. Galaxy Shareholders should carefully read the Scheme Booklet in its entirety, including the material accompanying it, before deciding whether to vote in favour of the Scheme. If after reading the Scheme Booklet you have any further questions about the Scheme or the Scheme Booklet, please contact the Galaxy Shareholder Information Line on 1300 034 153 (within Australia) or +61 3 9415 4875 (outside Australia), between 8.30 am and 5.30 pm (AEST), Monday to Friday (excluding public holidays). Directors' Recommendation and Independent Expert's Report The Scheme Booklet includes a copy of the independent expert's report prepared by Deloitte Corporate Finance Pty Limited (Independent Expert), which concludes that the Scheme is fair and reasonable, and in the best interests of Galaxy Shareholders, in the absence of a superior proposal for Galaxy. The Scheme continues to be unanimously recommended by each director of Galaxy (Galaxy Director), subject to no superior proposal emerging for Galaxy and the Independent Expert continuing to conclude that the Scheme is in the best interests of Galaxy Shareholders. Each Galaxy Director intends to vote, or procure the voting of, all Galaxy Shares held or controlled by them in favour of the Scheme, subject to those same qualifications.

Scheme Meeting

The Scheme Meeting, at which Galaxy Shareholders will vote on the proposed Scheme, will be held at 10.00 am (AWST) on Friday, 6 August 2021, at the Karingal Room, the Melbourne Hotel, 33 Milligan Street, Perth WA 6000. Galaxy Shareholders can also attend the Scheme Meeting online via a live webcast. Details of how to access the live webcast and participate in the Scheme Meeting online are contained in the notice of meeting included in the Scheme Booklet, and the Lumi Online Meeting Guide which is included in the notice of meeting and is also available at www.edocumentview.com.au/GXYlumiguide. All Galaxy Shareholders registered as at 5.00 pm (AWST) on Wednesday, 4 August 2021 will be eligible to vote at the Scheme Meeting.

Contact:

Andrew Barber

Tel: +61 418 783 701

Email: abarber@orocobre.com

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