EV RESOURCES LTD — Regulatory Filings 2018

Apr 11, 2018

311-313 Hay Street Subiaco, Western Australia 6008

T:+61 (0) 8 6489 0600 F: +61 (0) 8 9388 3701 www.jadarlithium.com.au

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12 April 2018

Fieldwork Program defined for Rekovac, Krajkovac and Vranje South permits and commencement of fieldwork at Krajkovac

• Planning and review of data for the Rekovac, Krajkovac and Vranje South permits completed

• All three permits are considered prospective for hydrothermal, sediment hosted Lithium Borate mineralisation, which is analogous to Rio Tinto's Jadar deposit

• Work program defined with commencement of fieldwork at Krajkovac underway

Jadar Lithium Limited (ASX: JDR ) (“ Jadar ” or “the Company ”) is pleased to announce that it has finalised the fieldwork program for the Rekovac, Krajkovac and Vranje South permits with fieldwork at the Krajkovac permit already underway.

All three permits are considered prospective for hydrothermal, sediment hosted Lithium Borate mineralisation, which is analogous to Rio Tinto's Jadar deposit. The Vranje and Krajkovac permits are also considered prospective for pegmatite bearing Lithium mineralisation.

The work program on the permits will include stream sediment sampling, outcrop sampling and reconnaissance mapping of the sedimentary basins and outcropping granite outcrops. Within the sedimentary basins the program will focus on mapping and sampling around faults which may act as fluid paths from potentially blind mineralisation.

Krajkovac fieldwork program summary:

Fieldwork on the Company’s wholly owned Krajkovac permit is underway. The Krajkovac project in Serbia, is located 190 km South East of the capital, Belgrade. The project area consists of a granite complex intruding highly metamorphosed Proterozoic gneisses, schists, quartzite’s and marbles that are overlain by Miocene silts, sands and gravels. The Company has completed a desktop evaluation of the project area and designed a work program aimed at determining the potential of the project to host lithium and borate mineralisation.

The team plans to map the granite complex, with the aim of defining pegmatitic outcrops. All pegmatite outcrops will be sampled to test for lithium and associated mineralisation. The Company also plans to conduct a permit wide, stream sediment sampling program to assist in defining areas of interest which will be the focus of a follow up program. Furthermore, the Company will evaluate the sedimentary sequences within the license to determine if they are prospective for hydrothermal lithium-borate mineralisation. On completion of the program, the Company will submit all the collected samples to an accredited laboratory for analysis.

The Company will inform the market of any further developments related to the projects as received.

ENDS

Further enquiries:

Luke Martino Non-Executive Chairman Tel: +61 8 6489 0600

E: luke@jadarlithium.com.au

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Jadar Lithium Limited ABN 66 009 144 503