VANCOUVER, BC--(Marketwired - July 28, 2016) - Zadar Ventures Ltd. (TSX VENTURE: ZAD) (FRANKFURT: ZAV) (OTCQB:
ZADDF) (the "Company") is pleased to announce that it has initiated due diligence on the previously announced MOU with
Macarthur Minerals Limited, (See Company News Release dated July 12, 2016) on the Ravensthorpe Lithium Project, in the
Ravensthorpe region of South Western Australia.
RAVENSTHORPE LITHIUM PROJECT ACREAGE
The Ravensthorpe acreage comprises of two exploration license applications E74/587 and E74/588, which together cover an area
of 91 square kilometers.
The Ravensthorpe acreage is, at its closest point, approximately seven kilometers from the Galaxy Resources' Mount Cattlin
Lithium development project, which is currently mining and processing spodumene and tantalum concentrate near Ravensthorpe in
South Western Australia, with reported targeted production of approximately 150,000 tonnes for 2017. The Mount Cattlin Lithium
Project is owned by Australian Securities Exchange listed Galaxy Resources Limited (ASX: GXY), who
announced a merger with its joint venture partner, Australian Securities Exchange listed company, General Mining Corporation
Limited (ASX: GMM) on May 30, 2016.
The Ravensthorpe acreage is located within the Cocanarup Terrane, which is dominated by intensely sheared and isoclinally
folded Archean ultramafic rocks including spinifex-textured komatiite and pelitic metasediments.
HIGH GRADE LITHIUM OF ADJACENT PROJECTS
The Ravensthorpe Lithium Project is immediately adjacent to Australian Securities Exchange (ASX) listed Lithium Australia NL's
(LIA) Horseshoe, Phillips South and Deep Purple Prospects. LIA has announced the presence of lithium pegmatites from which rock
chips have been taken with assays ranging between 2.4% Li20 up to 4.1% Li20 (See LIA News Release Dated
July 12, 2016).
Company President Paul D. Gray, P.Geo. commented, "The timing of Zadar's MOU for ground in these highly prospective
geologic terranes for hard rock lithium mineralization could not have been better considering Lithium Australia's recent
announcement of high-grade lithium mineralization in pegamatites. Zadar is excited to get boots on the ground in this rapidly
developing district, and moreover is distinctly keen to begin a fruitful working relationship with the quality in-County
technical team of Macarthur Minerals."
Due diligence of the Ravensthorpe acreage by Zadar will be conducted in unison with Macarthur Minerals and will begin in the
near term where the initial concentratation of activities will focus on those areas that have had pegmatites previously
identified and mapped by the Geological Survey of Western Australia (GSWA).
This news release has been reviewed and approved by Mr. Gray, PGeo, who is the company's qualified person as defined by
National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS,
Paul D. Gray, P. Geo.
President & CEO
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain certain
forward-looking information. All statements included herein, other than statements of historical fact, forward-looking
information and such information involves various risks and uncertainties. There can be no assurance that such information will
prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A
description of assumptions used to develop such forward-looking information and a description of risk factors that may cause
actual results to differ materially from forward-looking information can be found in the company's disclosure documents on the
SEDAR website at www.sedar.com. The company does not undertake to update any forward-looking information except in accordance with
applicable securities laws.