Adriatic Metals PLC announced that the Government of Zenica-Doboj Canton has approved the Company's application for a significant land extension to the current Concession Agreement. The approval follows the conclusion of a 30-day public announcement period and has now been signed by the Premier of the Canton. Under the terms of the original Concession Agreement, the Company has three fields, being Veovaca I & II and Rupice-Jurasavac Brestic. The approval of the second amendment to the Concession Agreement extended those fields into the areas adjacent to the original fields. This third amendment that covers areas Borovica-Semizova Ponikva ("Semizova Ponikva"); Orti-Seliste-Mekuse-Barice-Smajlova Suma-Macak ("Vares East"); and Droskovac-Brezik ("Brezik"), represents a significant milestone for Adriatic, and the Zenica-Doboj Canton Government. The area covered by this new agreement is 3,212 ha or 32.12 km2. Total area covered by Adriatic Metals' concessions is now 4,078 ha (40,78 km2). The Concession Fee of KM 481,800 (€246,335) will be paid to Zenica Doboj Canton, and it is expected that 70% of the fee will directly benefit the Vares Municipality.