Euromax Announces Filing of Required Continuous Disclosure

VANCOUVER, May 3, 2024 - Euromax Resources Ltd. (TSXV: EOX): ("Euromax" or the "Company") is pleased to announce that today, May 3, 2024, it has filed: i) the audited annual financial statements for the year ended December 31, 2023; ii) the related management discussion and analysis for the year ended December 31, 2023; iii) the annual information form for the year ended December 31, 2023; and iv) the CEO and CFO certifications of the foregoing filings as required by National Instrument 52-109 - Certification of Disclosure in Issuers' Annual and Interim Filings (collectively, the "Annual Filings").

As more particularly set out in the Company's news releases on April 8, 2024 and April 9, 2024, on April 8, 2024, the Ontario Securities Commission (the "OSC"), the Company's principal regulator, issued a failure-to-file cease trade order (the "FFCTO") in respect of the Company following the Company's failure to file the Annual Filings by the applicable deadline.

With the filing of the Annual Filings now completed, the Company is once again up-to-date with respect to its continuous disclosure obligations and will focus its efforts on working with the OSC towards a full revocation of the FFCTO. However, there can be no assurance that a full revocation of the FFCTO will be granted, and all of the Company's securities will remain subject to the FFCTO until it is fully revoked.

Copies of the documents comprising the Annual Filings are available under the Company's profile on SEDAR+.

Euromax has a major development project in North Macedonia and is focused on building and operating the Ilovica-Shtuka gold-copper project.

This news release contains statements that are forward-looking, such as those relating to any potential full revocation of the FFCTO being granted by the OSC. Forward-looking statements are frequently characterised by words such as "plan", "expect", "project", "intend", "believe", "anticipate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the dates the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by the Company, including its annual information form for the year ended December 31, 2023 and financial statements and related MD&A for the financial years ended December 31, 2023 and 2022, filed with the securities regulatory authorities in certain provinces of Canada and available on SEDAR+ at sedarplus.ca. The forward-looking statements contained in this document are as of the date of this document, and are subject to change after this date. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Euromax disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law. Neither the TSX Venture Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this news release.

For more information, please visit www.euromaxresources.com.

SOURCE Euromax Resources Ltd.