Bulgarian Ministry of Economy Accepts Euromax's Trun Property Final Exploration Report

Euromax Resources Ltd. is pleased to announce that it has received confirmation from the Mining Department of the Ministry of Economy in Bulgaria that the Final Exploration Report (the "Report") for the Company's Trun Property has been formally accepted under the Commercial Discovery Certificate Application process.

The acceptance of the Report enables the Company to immediately commence the Environmental Impact Assessment ("EIA") process.

Additionally, this enables the Company to proceed with a NI 43-101 compliant resource estimate update for Trun encompassing the full Commercial Discovery Application area, for which Tetra Tech has been appointed and who will be visiting the site next week.

Commenting on the announcement, Steve Sharpe, President and CEO of the Company said: "We are delighted with the prompt review and acceptance of the Final Exploration Report by the Bulgarian Ministry of Economy, which is very much testament to the quality of the work produced by our first class technical team in Bulgaria. This allows us to move forward with the project on schedule, as a key element of our exploration and development portfolio."