Zadar Ventures Ltd. (TSXV:ZAD) announces that further to its news release of January 21, 2020 wherein the Company advised it was seeking business opportunities in technologies relating to Fintech and Artificial Intelligence (AI), the Company advises it is in discussions to acquire a French based company involved in 'extended reality' or 'XR' through the convergence of augmented reality (AR) and virtual reality (VR), and plans to apply the concepts to an XR hardware agnostic SKD platform that it has developed. The Company advises that it is in the due diligence phase of its review of this business opportunity, and there is no assurance it will be successful in negotiating a definitive agreement to acquire this business, on terms acceptable to the Company, or at all.