Jadar Lithium Limited announced the completion of the acquisition of 80% of Austrian Exploration Licences from Exchange Minerals Limited, with a first right of refusal over the remaining 20%. Jadar has established an 80% owned Austrian subsidiary (Subsidiary Jadar Lithium GmbH), which holds the Austrian Exploration Licences.

Under the terms of the Acquisition, Mr. Steven Dellidis is appointed to the Board of Jadar Lithium Limited. Mr. Dellidis has been involved in project management and strategic investment for over 20 years. He has significant experience in managing a number of listed companies and has assisted in the initial acquisitions of important assets bolstering company profiles.