311-313HayStreetSubiaco,WesternAustralia6008T:+61(0)864890600F:+61(0)893883701www.jadarlithium.com.au

JadarLithiumLimitedABN66009144503

30April2018

QuarterlyActivitiesReportFortheperiodending31March2018

Highlights

• Managementteamandboardstrengthenedbyappointmentofdirectorswithrelevantexperienceinlithiumexploration

• Appointment of Jerry Aiken, a highly experienced geologist with decades of experience inlithium/borateexploration

• Listing of Jadar on the German Exchanges and appointment of highly experienced EuropeanInvestorRelationsDeutscheGesellschaftfürWertpapieranalyseGmbH(“DGWA”)

• EuropeanInvestorroadshowundertakeninFrankfurt,Hamburg,Berlin,SalzburgandMunich

• CompletedthesaleofsharesforholdersofLessThanMarketableParcels(LTMP)

• EstablishmentofSerbianbasedoperational/technicalteamandsetupofincountryoffice

• Commencementofmaidenexplorationactivitieson theCompany’s100%ownedCerandBukuljaprojects, which are considered prospective for pegmatite hosted lithium and associatedmineralisation

• MaidenexplorationprogramonCerandBukuljaconfirmsoutcroppingpegmatites

• Planning andhistorical data collationongoing for theCompany’sRekovac, Krajkovac andVranje-Southprojects

Jadar Lithium Limited (ASX: JDR) (“Jadar” or “the Company”), is pleased to provide shareholders with thisQuarterlyActivitiesReportforthethree(3)monthsending31March2018.

EXPLORATIONACTIVITIES

BukuljaProject

Duringthefirstquarterof2018theCompanycompletedpreparationsandcommenceditsmaidenexplorationprogramontheBukuljaexplorationlicense.Theprojectisconsideredhighlyprospectiveforpegmatitehostedlithiumandassociatedmineralisation.

During its preparations for the field program the Company has reviewed a number of historical reportsdetailing the work conducted on the property by the Serbian state geological entities. These historicalprograms were focused on and established the presence of tantalum, tin and beryl mineralisation, whilegenerallynoextensiveworkwasconductedtoevaluatethepotentialoflithiummineralisation.

Thesereportsanddatawereusedtoguidethefieldteamstoareaswithknownpegmatiteoccurrences.

Fieldactivitieshadtobedelayedduetouncharacteristicallylatesnowfallthroughoutthemountainousareasin Serbia, but once commenced the teamsmanaged to complete the exploration programwithin the firstquarter.Duringtheinitialfieldprogram,theCompanyexecutedthefollowingactivities:

2

- Conducted reconnaissance mapping throughout the permit. The Company’s geologists located anumber of pegmatitic outcrops. The pegmatites were sampled and sent to the laboratory forgeochemicalanalysis.CertainsamplesweresentoutforXRDanalysisandmineralogicalevaluations

- Collected54streamsedimentsamplesthroughouttheprojectarea- Collectedatotalof16soilsamples- Collectedatotalof10hardrocksamplesfrompegmatiteoutcrops- Collected2watersamples

AllthesampleshavebeendispatchedtotheALSlaboratoryinBor,Serbia,wheresamplepreparationwillbecompleted. The samples will then be dispatched to the ALS’ facility in Vancouver, Canada for geochemicalanalysis. A desktop analysis of the sedimentary basin,which is present in the southern part of the Bukuljaproject area, has indicted that it may be prospective for sedimented hosted hydrothermal lithium-boratemineralisation.TheCompanywillundertakefurtherdesktopanalysisandreconnaissanceactivitiestoevaluatetheprospectivityofthisarea.

Figure 1- Geology of Bukulja project and sampling locations

3

CerProject

Towards the endof the third quarter of 2017/2018 the Company completed preparations and commencedwiththeexplorationprogramontheCerproject,whichisconsideredhighlyprospectiveforpegmatitehostedlithiumandassociatedmineralisation.

During its preparations for the field program, the Company has compiled a number of historical reportsdetailing the work conducted on the property by the Serbian state geological entities. These historicalprogramswere focusedonandestablished thepresenceof tantalum, tinandberylmineralisation.PreviousgovernmentworkdidnotinvestigatethepotentialforLithiummineralisationonthepermit.

Thesereportsanddataassisted theCompany’sgeologists to locate thehistoricallydefinedpegmatitedikes.No samples were collected during the first quarter of the year, but reconnaissance mapping has locatednumerous pegmatite dikes, some of which are estimated to exceed 10m in width. Due to vegetation andoverburden,furtherworkwillberequiredtodefinetheexactstrikeandwidthsofthevariouspegmatitedikes.Thesamplingprogramwillbecompletedinthesecondquarter.

RekovacProject

The Company has commenced with preparations on the Rekovac project, which included evaluation ofavailablehistoricalmaterialandliteratureanddesktopevaluationofaccessthroughoutthepermittoassistinplanningtheforthcomingfieldprogram.

TheCompanydidnot undertake any field activities on theRekovacproject throughout the thirdquarter of2017/2018andthefieldprogramisscheduledtocommenceinthefourthquarter.

KrajkovacProject

The Company has commenced with preparations on the Krajkovac project, which included evaluation ofavailablehistoricalmaterialandliteratureanddesktopevaluationofaccessthroughoutthepermittoassistinplanningtheforthcomingfieldprogram.

TheCompanydidnotundertakeanyfieldactivitiesontheKrajkovacprojectthroughoutthethirdquarterof2017/2018andthefieldprogramisscheduledtocommenceinthefourthquarter.

Vranje-South

TheCompanyhas commencedwithpreparationson theVranje-Southproject,which includedevaluationofavailablehistoricalmaterialandliteratureanddesktopevaluationofaccessthroughoutthepermittoassistinplanningtheforthcomingfieldprogram.

TheCompanydidnotundertakeanyfieldactivitiesontheVranje-Southprojectthroughoutthethirdquarterof2017/2018andthefieldprogramisscheduledtocommenceinthefourthquarter.

CORPORATEMATTERS

DuringthequartertheCompanystrengtheneditsBoardwiththeappointmentofMrMartinPawlitchek,whohasexperienceinexplorationandresourcedrillingwithexposuretoundergroundandopenpitminesandMrMichaelDavy,anexperiencedexecutive.MrJerryAikenwasappointedTechnicalAdvisor.MrAikenhasover46 years of experience in theminerals industry in various positions, including roles within the ExplorationDepartmentsofASARCOand30yearsforRioTintoBoraxExploration.MrStefanMüller,throughhiscompanyDGWAwasappointedEuropeanInvestorRelationsconsultant,specificallyengagingwithEuropeaninvestors.During the quarter the Company participated in a European road-show to high net worth individuals andinstitutionalinvestors,aswellasattendanceattheMinesandMoneyConferenceinHongKong.

4

The Company completed its Less Than Marketable parcel buy-back during the quarter. A total of 1,239shareholders, with an aggregate of 1,684,719 shares participated in the program, reducing the number ofshareholdersintheCompanyto1,030asat28February2018.

TheCompanyreviewedfurthercomplementaryandvalue-addingopportunitiesduringthequarter,particularlyinrelationtobatterymetals.Theseopportunitiescontinuetobeassessed.

TheGroup’scashbalanceas31March2018was$3.8million.

SCHEDULEOFTENEMENTS

Project Tenement ID Location Interest Cer 2223 Serbia 100% Bukulja 2226 Serbia 100% Rekovac 2224 Serbia 100% Krajkovac 2209 Serbia 100% Vranje-South 2225 Serbia 100%