Zadar Ventures Completes First Tranche of Financing

Zadar Ventures Ltd. (TSX VENTURE:ZAD)(FRANKFURT:ZAV) (the "Company") is pleased
to announced it has completed the first tranche of $933,000 of its non-brokered
private placement of up to $2,000,000 at a price of $0.20 per unit. 


Each unit will consist of one common share and one non-transferable share
purchase warrant (the "Warrant"). Each Warrant entitles the holder to purchase a
common share (the "Warrant shares") of the Company at a price of $0.30 per
Warrant share for a period of one year from the date of closing of the private
placement.


The Company may pay finder's fee in connection with this private placement.

The private placement is subject to the acceptance of the TSX Venture Exchange.

About Zadar Ventures Ltd.

Zadar Ventures Ltd. is a junior uranium exploration company focused on acquiring
and exploring for economically viable Uranium deposits. For more information we
invite you to visit the company's website at www.zadarventures.com. 


ON BEHALF OF THE BOARD OF DIRECTORS

Paul D. Gray, President 

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Zadar Ventures Ltd.
604-682-1643
www.zadarventures.com