EV Resources Limited announced that it has agreed to terms to acquire the remaining 20% of E45/5849, "Shaw River", held by Supergene Pty Ltd. Upon execution EV will hold 100% of the Shaw River Project tenement. Acquisition consideration totals 300,000 EV ordinary shares issued at $0.03 per share. The Shaw River Project, located 220km from Port Hedland and 70km from Marble Bar, comprises exploration license E45/5849 comprising 22 blocks.

The tenement area has a strong history of successful mining of alluvial tin and tantalum as part of the Shaw River Tin Field and demonstrated potential for lithium and rare earth minerals. The Company has undertaken field reconnaissance work in the vicinity of historic mines and alluvial workings within the tenement. Recent desktop studies and the compilation of historic data have identified further pegmatite targets within the tenement as identified by Geological Survey of Western Australia (GSWA) mapping and extracted from the field observation sites and information database (WAROX).

The Company will assess the sites in upcoming field programs. The Shaw River Project complements the Company's existing lithium assets located in Austria which are being collaboratively developed with European Lithium Limited.