EV RESOURCES LTD — Capital/Financing Update 2020

Mar 29, 2020

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ASX RELEASE: 30 March 2020

Drilling Completed at Rekovac Lithium – Borate Project

Highlights

• Ø Completion of two diamond drill holes, totaling 1,238.1 meters, at the Rekovac Lithium – Borate Project in Central Serbia.

• Ø The Rekovac Lithium - Borate Project is located in the Vardar Zone, a world-class geological belt.

Jadar Resources Limited ( ASX:JDR ) (“ Jadar ”, the “ Company ”) is pleased to announce that it has completed two diamond drill holes at its Rekovac Lithium – Borate Project in Central Serbia. The Rekovac Lithium – Borate Project is located in the Vardar Zone, a world-class geological belt hosting pelitic sediments accumulated in several semi-interconnected basins along a geological trend (Figure 1).

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Figure 1 – Position of Rekovac license and Vardar Zone

The location of the two exploration drill holes are shown in the Figure below. Hole 1 (REK_001) was drilled to a depth of 600.1m. The drill rig and equipment were then mobilized to the site of the second hole (REK_002) which was drilled to a depth of 638m. Samples have been sent for analysis however, it is uncertain as to when results will be available given current worldwide conditions.

Jadar Resources Limited

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

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Figure 2 – Position of Drill Holes

The completion of the drilling program has enabled the Company to complete all required documentation for the extension of the Rekovac license for a further three years.

ENDS

For further information, please contact:

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

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

Jadar Resources Limited

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