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Standard Lithium Entering Commissioning Phase of Its Lithium Extraction Demonstration Plant at the Arkansas Project Site

Mine Development & Operations Metallurgy & Processing

STANDARD LITHIUM ENTERING COMMISSIONING PHASE OF ITS LITHIUM

EXTRACTION DEMONSTRATION PLANT AT THE ARKANSAS PROJECT SITE

- First-of-a-kind industrial-scale direct lithium extraction demonstration plant, installed in

Southern Arkansas

02nd December, 2019 – El Dorado, Arkansas – Standard Lithium Ltd. (“Standard Lithium” or

the “Company”) (TSXV: SLL) (OTCQX: STLHF) (FRA: S5L) an innovative technology a nd

lithium development company, is pleased to announce the successful installation of the Company’s

industrial-scale Direct Lithium Extraction Demonstration Plant at Lanxess’ South Plant facility in

southern Arkansas (the “Site”). Standard Lithium’s project team has also installed the site

office/control room, the lithium-specific analytical laboratory, and a steel-framed, all-weather

structure that allows year-round operation. T he project team is currently completing all

utility/service connections, as well as brine and reagent supply and disposal lines. As soon as these

connections are finalised, then Standard Lithium’s 20+ person on-site project team will commence

the commissioning phase.

Standard Lithium CEO, Robert Mintak commented “the commissioning of our industrial-scale

pre-commercial plant will solidify Standard Lithium as one of the most advanced lithium projects

in North America. Our recently completed Preliminary Economic Assessment contemplates the

production of 20,900 tonnes of battery-quality lithium carbonate from existing brine flow, roughly

five times the current domestic U.S. production, and that is without drilling a new well. The

successful commissioning and operation of the LiSTR extraction technology will provide the proof

of concept required for a commercial build decision and then potentially to become the largest

producer of lithium chemicals in the United States.”

Standard Lithium’s proprietary L iSTR Direct Lithium Extraction technology w ill be used to

extract lithium from waste brine (tail brine) that is a byproduct of existing bromine production

facilities run by Lanxess in south Arkansas, to produce battery-quality lithium chemicals. The

industrial-scale pre-commercial plant is designed to continuously process an input tail brine flow

of 50 gallons per minute (gpm; or 11.4 m3/hr) from the Lanxess South Plant, which is equivalent

to an annual production of between 100-150 tonnes per annum of Lithium Carbonate.

KEY FEATURES OF THIS DISRUPTIVE TECHNOLOGY

 Produces lithium chloride (LiCl) directly from un-concentrated raw brine;

 Reduces recovery time from months to less than a day;

 Eliminates the massive environmental footprint of evaporation ponds;

 Returns virtually all water to the source aquifer;

 Not affected by weather conditions;

 Vastly increases recovery efficiencies to as much as >90%; and,

 Unlocks large-scale unconventional brine resources.

Dr Andy Robinson, Standard Lithium President and COO, commented “the entire Standard

Lithium team continues to deliver a very high-quality product on schedule. We’re now in the final

stages of installation and connection, and about to enter the commissioning phase. We have a full

complement of staff on site ready to start commissioning, overseen by our site manager, Mr. Bruce

Seitz. This is an exciting time for Standard Lithium as we rapidly execute our near-term goal of

demonstrating that lithium can be efficiently extracted, at an industrial scale, from Lanxess’ tail -

brine in Southern Arkansas.”

Work at the project location at Lanxess’ South Plant facility in southern Arkansas continues to be

on-schedule, with first commissioning works expected to start in early December, and full

commissioning to happen soon afterward. The final configuration of the installed modules is

shown in Figure 1 below, and an overview of the all-weather enclosure is shown in Figure 2.

Figure 1: All modules connected and installed – photo taken Wednesday 27th November 2019

Figure 2: Overview of the all-weather enclosure – Image taken Friday 29th November 2019

About Standard Lithium Ltd.

Standard Lithium (TSXV: SLL) is a specialty chemical company focused on unlocking the value

of existing large-scale US based lithium-brine resources. The Company believes new lithium

production can be brought on stream rapidly by minimizing project risks at selection stage

(resource, political, geographic, regulatory & permitting), and by leveraging advances in lithium

extraction technologies and processes. The Company’s flagship project is located in southern

Arkansas, where it is engaged in the testing and proving of the commercial viability of lithium

extraction from over 150,000 acres of permitted brine operations. The Company is currently

installing a first-of-its-kind Demonstration Plant that will use the Company’s proprietary technology

to selectively extract lithium from LANXESS’ tailbrine. This Demonstration Plant will be used to

prove commercial feasibility. The environmentally friendly process eliminates the use of

evaporation ponds, reduces processing time from months to hours and greatly increases the

effective recovery of lithium.

The Company is also pursuing the resource development of over 30,000 acres of separate brine

leases located in southwestern Arkansas and approximately 45,000 acres of mineral leases

located in the Mojave Desert in San Bernardino County, California.

Standard Lithium is listed on the TSX Venture Exchange under the trading symbol “SLL”; quoted

on the OTC - Nasdaq Intl Designation under the symbol “STLHF”; and on the Frankfurt Stock

Exchange under the symbol “S5L”. Please visit the Company’s website at

www.standardlithium.com.

Contact Information:

LHA Investor Relations, Mary Magnani, (415) 433-3777; [email protected]

On behalf of the Board,

Standard Lithium Ltd.

Robert Mintak, CEO & Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of

the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news

release may contain certain “Forward-Looking Statements” within the meaning of the United States Private

Securities Litigation Reform Act of 1995 and applicable Canad ian securities laws. When used in this news

release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule”

and other similar words or expressions identify forward-looking statements or information. These forward-

looking statements or information may relate to future prices of commodities, accuracy of mineral or

resource exploration activity, reserves or resources, regulatory or government requirements or approvals,

the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations

in the market for lithium and its derivatives, changes in exploration costs and government regulation in

Canada and the United States, and other factors or information. Such statements represent the Company’s

current views with respect to future events and are necessarily based upon a number of assumptions and

estimates that, while considered reasonable by the Company, are inherently subject to significant business,

economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known

and unknown, could cause results, performance or achievements to be materially different from the results,

performance or achievements that are or may be expressed or implied by such forward-looking statements.

The Company does not intend, and does not assume any obligation, to update these forward-looking

statements or information to reflect changes in assumptions or changes in circumstances or any other

events affections such statements and information other than as required by applicable laws, rules and

regulations.