EV RESOURCES LTD — Capital/Financing Update 2019

Dec 9, 2019

311-313 Hay Street Subiaco, Western Australia 6008 T:+61 (0) 8 6489 0600 F: +61 (0) 8 9388 3701 www.jadarlithium.com.au

ASX

Jadar Signs Yanamina Gold Project Sale and Purchase Agreement 10 December, 2019

Highlights

JADAR RESOURCES LIMITED QUICK STATS

ASX Code: JDR Shares on Issue: 480.4 million Market Cap: $5.77 million Cash: $1.69m (at 30 Sep ‘19)

• Jadar signs Sale and Purchase Agreement

• Completion of acquisition is anticipated to take place before 31 December 2019

• Capital Placement of $400,000 underway

Jadar Resources Limited (ASX; JDR) (“ Jadar ” or the “ Company ”) is pleased to advise, further to its announcement of 16 September 2019, progress on its acquisition of the Yanamina Gold Project (“ Yanamina ” or the “ Project ”) located in the Ancash region of northern Peru.

Jadar has signed a sale and purchase agreement with Wealth Minerals Limited to acquire Minera Wealth Peru S.A.C, the holder of five concessions known as the Yanamina Gold Project. Consideration is US$100,000 and a 1.0% net smelter royalty on all metal production from the Project. In addition, a payment of $100,000 is to be made to the party who introduced the acquisition (Happy Diamonds Pty Ltd) for services relating to the acquisition and for an agreed reduction in potential production obligations to US$8 million.

The agreement is subject to a number of conditions precedent as set out in Appendix 1 of the Company’s announcement of 16 September 2019, which are almost complete, with the completion of the acquisition anticipated to occur before the end of the year.

Shareholders approved the acquisition of Yanamina at the Company’s Annual General Meeting held on 25 November 2019. At that meeting shareholders also approved a Placement of 44,444,444, fully paid ordinary shares at $0.009, totaling $400,000 (before costs) to sophisticated and professional investors. Final arrangements are being made for the placement of the shares.

ENDS

Further Enquiries

BOARD & MANAGEMENT

Non- Executive Chairman Mr Luke Martino

Non-Executive Directors Mr Steven Dellidis Mr Nicholas Sage

Company Secretary Ms Louisa Martino

ASSET PORTFOLIO

AUSTRIA

Weinebene

(80% interest – ~28km[2] )

Eastern Alps Projects

(80% interest – ~37km[2] )

SERBIA

Cer

(100% interest - ~92.77km[2] )

Rekovac (100% interest - ~75.4km[2] )

Vranje-South (100% interest - ~90.44km[2] )

Luke Martino Non-Executive Chairman Tel: +61 8 6489 0600 E: luke@jadarlithium.com.au

This ASX announcement was authorised for release by the Board of Jadar Resources Limited