Cougar Metals NL announced amendments to the earn in terms on the Ceara Lithium Project in Brazil initially announced on 3 August 2016 under a revised Memorandum of Understanding (MOU). The restructure of the joint venture is part of the Company's ongoing strategy to reduce it's exposure to Brazil and return focus to more stable mineral exploration jurisdictions such as Australia and Chile. The terms of the MoU with MMH Capital Ltd. (MMH), Cougar's partners in the Ceara Lithium Project, are as follows: Cougar will be recognised as a 40% owner of the project with MMH retaining 60% and both parties will vest their respective interests into a special purpose entity (NewCo) to hold the Project. NewCo will now carry out all exploration work on behalf of the parties, with each party making contributions in proportion to their interest. Both parties have the right to appoint management pro-rata to their respective interests. No cash payments are due to MMH. No shares shall be issued to MMH. Normal industry standard default provisions apply. Both parties have a first right of refusal if the other party decides to sell their interest. Cougar must complete the current work program of soil sampling assays and a further 1,500 soil samples prior to 30 September 2019 as a condition of the restructure. Field work at the project is currently halted until March due to high rainfall in the area.