Zadar Ventures Ltd. ('Zadar' or the 'Company') is pleased to announce that, further to its press release dated December 23, 2019, the Company has closed its non-brokered private placement (the 'Private Placement') of 2,500,000 units (each, a 'Unit') of the Company, for gross proceeds of $162,500.

Each Unit consists of one (1) common share of the Company (a 'Share') and one transferable common share purchase warrant (a 'Warrant'). Each Warrant entitles the holder to acquire one (1) Share at a price of $0.085 per Share for a period of three years from the date of issue.

About Zadar Ventures Ltd.

Zadar Ventures Ltd. is a junior uranium exploration company focused on the acquisition and exploration of economically viable green energy resources in jurisdictions favourable to mining and industry.

Contact:

Email: info@zadarventures.com.

This press release may contain certain forward-looking information, including statements respecting the anticipated use of proceeds from the Private Placement. 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.

(C) 2020 Electronic News Publishing, source ENP Newswire