Desert Lion Energy is developing Namibia's first large-scale lithium mine within its 301km2 land package. The project is currently in Phase 1 of production, processing stockpiled material. Desert Lion plans a 3-phase production strategy to de-risk production and generate cash flow, beginning with stockpiled material and expanding to in situ ore and eventually lithium carbonate production. Key milestones include delivering the first shipment of lithium concentrate in April 2018 and expanding the land package to over 1,000km2. The presentation provides an overview of Desert Lion's lithium project and production plans in Namibia.

1. Private and Confidential
INVESTOR PRESENTATION
Building Namibia’s
First Large-Scale
Lithium Mine
August 2018

2. 2TSX-V: DLI
This presentation contains “forward-looking information” within the meaning of applicable securities laws. Generally, any statements that are not historical
facts may contain forward-looking information, and forward-looking information can be identified by the use of forward-looking terminology such as
“plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or
“believes”, or variations of such words and phrases or indicates that certain actions, events or results “may”, “could”, “would”, “might” or “will be” taken,
“occur” or “be achieved”. Forward-looking information includes, but is not limited to: statements and expectations regarding the initial targeted resource
tonnage and grade for the Desert Lion lithium project in Namibia (the “Project”); timing and structure for the proposed going public transaction of Desert
Lion Energy Corp. (the “Company” or “Desert Lion”); the Company’s applications for additional licenses; the Company’s planned work program for the
Project and its exploration and development schedule and timetable; the rate at which electric vehicle penetration will increase and the resultant effect on
global lithium demand; and the Company’s anticipated budget.
Forward-looking information is based on certain factors and assumptions management believes to be reasonable at the time such statements are made,
including but not limited to, continued exploration activities, lithium and other metal prices, the estimation of initial and sustaining capital requirements, the
estimation of labour and production costs, the estimation of mineral reserves and resources, assumptions with respect to currency fluctuations, the timing
and amount of future exploration and development expenditures, receipt of required regulatory approvals, the availability of necessary financing for the
Project, permitting and such other assumptions and factors as set out herein. Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different
from those expressed or implied by such forward-looking information, including but not limited to: risks related to changes in lithium prices; sources and
cost of power and water for the Project; the estimation of initial capital requirements; the lack of historical operations; the estimation of labour and
operating costs; general global markets and economic conditions; risks associated with exploration, development and operations of mineral deposits; the
estimation of initial targeted mineral resource tonnage and grade for the Project; risks associated with uninsurable risks arising during the course of
exploration, development and production; risks associated with currency fluctuations; environmental risks; competition faced in securing experienced
personnel; access to adequate infrastructure to support exploration activities; risks associated with changes in the mining regulatory regime governing
the Company and the Project; completion of the environmental assessment process; risks related to regulatory and permitting delays; risks related to
potential conflicts of interest; the reliance on key personnel; financing, capitalization and liquidity risks including the risk that the financing necessary to
fund continued exploration and development activities at the Project may not be available on satisfactory terms, or at all; the risk of potential dilution
through the issuance of additional common shares of the Company; the risk of litigation. Although the Company has attempted to identify important
factors that could cause actual results to differ materially from the forward-looking information set out in this presentation, there may be other factors that
cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate,
as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance
on forward-looking information. Forward-looking information is made as of the date of this presentation and the Company does not undertake to update
or revise any forward-looking information that is included herein, except in accordance with applicable securities laws.
Please consult the Company's website at www.desertlionenergy.com for disclaimers on: third party information, confidentiality, cautionary note regarding
historical technical data, cautionary note regarding potential quantity and grade for targets, quality control and assurance, statutory rights of action and
resale restrictions. Also, please consult the Company's website for information on risk factors related to: the offering of securities generally and the
Company's business.
Forward Looking Information

3. 3TSX-V: DLI
Desert Lion Energy is a lithium developer and producer of lithium concentrate focused on building Namibia’s
first large-scale lithium mine. The company’s lithium project is located within a 301km2 land package and is currently
in Phase 1 production, processing stockpiled material and exporting lithium concentrate. The project site is
accessible year round by road and has access to power, water, rail and port infrastructure.
Desert Lion Energy - Who We Are
Building Namibia’s first large-scale mine
12 Li
Mine and concentrator: located 30-km south-east of
Karabib, Erongo
Conversion plant: located in Walvis Bay. Will
transform concentrate to lithium carbonate for export
1
2
WindhoekWalvis
Bay
Legend
Project
Airport
Port
Highway
Railway
Li

4. 4TSX-V: DLI
Proximity to Existing Infrastructure
Access to water, power, road and rail
Helikon Mine
Exclusive
Prospecting
License (EPL)
301 km2
Rubicon Mine
220 km to
port in
Walvis Bay
Production water
borehole
New EPL
553km2
Existing Power Grid
DLI powerline connection
(under construction)
NamWater
pipeline
Mine access
road
Karabib
National highwayRail load out facility

5. 5TSX-V: DLI
10+ years of experience,
Former Senior Lithium
Consultant, Hatch
▪ Evaluated hundreds of
lithium projects globally
▪ Managed lithium
projects for Rio Tinto,
Bacanora, AMG-NV,
and many others
▪ Co-authored 7
technical publications
in the lithium sector
T I M J O H N S T O N
P r e s i d e n t & C E O
Executive Team
Significant lithium project, geology and capital market experience
20+ years of Namibian
operational mining
experience
▪ Executed operational
growth plans, plant
expansion, stake-holder
mgmt and permitting for
large scale operations in
Namibia
▪ Held senior roles with
Navachab Gold Mine,
Rössing Uranium Mine,
Ghana Manganese Co.
▪ Past President of the
Namibian Chamber of
Mines
7+ years of experience,
Former Process Design
Engineer & Consultant,
Hatch
▪ Worked at Hatch as a
consultant and process
design engineer in
numerous metals
industries, including
lithium, nickel, copper,
ferroalloys and gold
▪ Technical experience
spans process design,
commissioning, plant
optimization and techno-
economic analysis
20+ years of experience,
Namibian expertise and
relationships
▪ Oversees logistics and
manages Namibian
government and social
relations
▪ Depth of logistics
expertise gained within
Namibia through
clearing and forwarding
roles at Kuehne &
Nagel
24 years of exploration and
project evaluation
experience
▪ Has significant work
experience in critical
metal LCT type
pegmatites
▪ Worked extensively on
projects in Sub Saharan
Africa and Brazil
▪ Provided advisory and
consulting services to
identifying and
evaluation of LCT
pegmatite projects
J O H A N C O E T Z E E
C h i e f O p e r a t i n g O f f i c e r
R O WA N J A C K S O N
C h i e f Te c h n i c a l O f f i c e r
T H O M A S M U S H I M B A
C o u n t r y M a n a g e r
M I K E V E N T E R
V P, E x p l o r a t i o n

6. 6TSX-V: DLI
Three-Phase Production Plan
Strategy focused on de-risking production and generating cash flow
(1) Refer to “Cautionary Note Regarding Historical Technical Data” and “Cautionary Note Regarding
Quantity and Grade for Targets”.
PROJECT HIGHLIGHTS
▪ Company holds 80% of the Desert Lion
Lithium Project, which includes three past
producing lithium mines
▪ Substantial historical resource data from
mining activities between 1930 and 1994
▪ Maiden mineral resource target of 5-7 Mt
@0.7%-1.0% Li2O(1)
− Long-term resource target of
10-15 Mt @0.7-1.0% Li2O(1) – by end
Q4 2018
▪ Near-term production from stockpiles
− Signed off-take agreement with
Chinese lepidolite converter; first
shipment delivered April 2018
Phase 1
• Lithium concentrate
production from stockpiled
material
• Produce 150kt - 160kt of
lithium concentrate; expect to
generate US$15-20MM in
EBITDA
December 2017
Phase 2
• Lithium concentrate
production from in situ ore
• Produce 220kt-250kt of
lithium concentrate
December 2019
Phase 3
• Lithium carbonate production
• Produce 20,000t of lithium
carbonate (LCE)
December 2020
Reduce need
for external
financing,
lower cost of
future
debt/equity

7. 7TSX-V: DLI
Corporate and Operational Review
2017-2018 Milestones
Acquired Namibian
lithium project
January 2017
Completed
Phases 1 & 2
exploration drilling
(19,000 m);
Phase 3 underway
January 2018
Signed off-take
agreement for
Phase 1 production
November 2017
Listed on the TSX
Venture Exchange
February 2018
Signed definitive
agreement to expand
land package from
301km2 to 1,054km2
March 2018
Announced delivery
of first concentrate
shipment to
Chinese offtake
partners
April 2018
2017 2018
Commenced lithium
concentrate
production
December 2017
Received
environmental
clearance certificate
for Phase 1 and
Phase 2 production
August 2017

8. Private and Confidential
Newly installed water storage facility Phase 1 sorting operation
On-site independent labProduct stockpiles

9. 9TSX-V: DLI
Lepidolite Processing
Straightforward process with high recoveries
✓ High lithium recovery achieved with preliminary floatation testwork
▪ Preliminary testwork achieved up to 97%(1) lithium recovery through
froth floatation
✓ High lithium recovery achieved with preliminary leaching testwork
▪ Preliminary testwork achieved 96%(1) lithium recovery through to leach
(Typical spodumene recovery is 90-92%)
✓ Mineralogy is well suited for upgrading using beneficiation
▪ Very coarse crystal structure with few inclusions allowing for simple
upgrading
✓ Straightforward concentrate processing method
▪ Crush → sort → mill → spirals → float
P r e l i m i n a r y t e s t s
i n d i c a t e :
96%R e c o v e r y t h r o u g h
t o l e a c h
By the Numbers
50%
Of the worlds’ lithium carbonate
production is from hard rock
resources
10%
Of the worlds’ lithium carbonate
production is from lepidolite
(1) Refer to “Cautionary Note Regarding Historical Technical Data” and “Cautionary Note
Regarding Quantity and Grade for Targets”.
(1)

10. 10TSX-V: DLI
Off-take Agreement Signed with Chinese
Lithium Converter
OFF-TAK E AGR EEM E NT HIGHLIGHT S:
▪ Signed off-take agreement with Chinese lepidolite
converter Jiangxi Jinhui Lithium Co. Limited for
sale of Phase 1 lithium concentrate
▪ Producing approx. 150,000t - 160,000t of
concentrate for sale in 12 to 18 month period (i.e.
Phase 1 production); received US$4.5MM
prepayment in Q4 2017
▪ Delivered first 30,000t shipment of lithium
concentrate to Walvis Bay port on April 24, 2018
▪ Jinhui has option to acquire 15% of the common
shares of Desert Lion Energy for C$13MM
OUR PART N E R – JIANGX I JINHUI
LIT HIUM CO. LIM IT ED
▪ Parent company is Nanshi
▪ Existing capacity of 20,000t of LCE, building an
additional 40,000t of LCE by H2 2018
− Total investment for facility totals RMB 2.0B
▪ Feedstock obtained from Desert Lion Energy, Mine
414 (China) and other small local mines (China)
▪ Customers (cathode material producers) include:
Hunan Shan Shan (a binding off take), Ningbo
Jinhe (they have an MOU in place, but no formal
deal), Henan Kelong and Xinxiang Tianli

11. Private and Confidential
Ship transporting first shipment
of lithium concentrate
Loading of first shipment of lithium
concentrate at Walvis Bay
First shipment ceremony with government officials at Walvis Bay
Media tour and Q&A

12. Private and Confidential
Product bagging
Final lithium carbonate product
Lithium carbonate processing plant
Lithium carbonate processing buildings

13. 13TSX-V: DLI
Highly Prospective Geology Near Past-Producing Mines
Expanding land package to acquire two contiguous EPLS
▪ Pegmatites belong to the
Karibib Pegmatite Field,
associated with the Pan
African Age (500Ma) granites
that intrude Damaran rocks of
central Namibia
▪ Pegmatites belong to the Li-
Cs-Ta (“LCT”) group of
pegmatites that are hosted
proximal to and within source
granites
▪ Lithium bearing minerals
comprising lepidolite, petalite
and rare amblygonite, with
tantalite and pollucite potential
▪ High resolution magnetic and
radiometric survey completed
Q4 2017
▪ Structural study under-way to
detail source – transport – trap
for follow up validation in 2018

14. 14TSX-V: DLI
Rubicon and Helikon Mines
RUBICON
Highlights from Phase 1 and Phase 2 drilling
▪ Phase 1 and 2 drilling completed and confirms
downdip and strike extents of mineralization
− ~ 8,200m of DD and RC
− ~ 2,700m RC stockpile drilling
− Extensive channel, trench and pitting
sampling
− Ground magnetic survey
− Mineralogical studies (XRD)
▪ Phases 1 and 2 drilling highlights:
− 9.00m of 2.25% Li2O
− 5.30m of 1.30% Li2O
− 5.23m of 1.15% Li2O
− 1.96m of 2.60% Li2O
− 3.95m of 1.17% Li2O
− 2.00m of 1.59% Li2O
HELIKON
▪ Helikon 2-5 cumulative strike length of 1,500m
▪ Contain lepidolite, petalite and tantalite
mineralization – all have been previously mined
▪ Phases 1 and 2 completed over Helikon 1 – 5, with
scout drilling completed over Helikon 6 and 7:
− 6,750m DD and RC drilling
− 1,203m RC dump drilling
− Channel and trench sampling
− Ground magnetic survey over Helikon 1
▪ Phases 1 and 2 drilling highlights:
− 2.76m of 2.66% Li2O
− 6.07m of 2.30% Li2O
− 5.25m of 1.79% Li2O
− 7.78m of 1.03% Li2O
− 15.10m of 652ppm Ta2O5

15. 15TSX-V: DLI
Share Structure and Upcoming Catalysts
Q4
2017
✓ Commenced stockpile operation
✓ Closed RTO financing
Q1/Q2
2018
✓ Closed the Helikon Project acquisition
✓ Listed on TSX Venture Exchange
under the ticker “DLI”
✓ Begin export of Phase 1 lithium
concentrate
Q3
2018
❑ Receive Phase 2 mining license
❑ Publish maiden mineral resource
estimate
❑ Publish preliminary economic
assessment
Q4
2018
❑ Complete Phase 1 floatation plant
TSXV: DLI MM
Share price as at July 18, 2018 $0.77
Shares outstanding (basic) 47.2
Options (Exercise price: $0.20 - $1.82) 4.4
Warrants (Exercise price: $0.05 - $2.28) 8.7
Shares outstanding (fully diluted) 60.3
Market capitalization C$36.4
Cash on hand <C$1.0
Debt Nil
Basic Ownership %
Management and directors 15.0%
Institutional/high net worth investors 85.0%
Total 100%
▪ Approximately C$24MM in capital raised in 2017
▪ Last private placement completed at C$1.82 per unit
in December 2017

16. Private and Confidential
INVESTOR REL AT IO N S
Thank You
Salisha Ilyas
VP, Investor Relations
Tel: (416) 309-2953
Email: silyas@desertlionenergy.com