Mr. Paul Kuhn reports

AVRUPA MINERALS UPDATES DRILLING RESULTS AT THE SESMARIAS VMS TARGET, ALVALADE JV, PORTUGAL

Avrupa Minerals Ltd. has provided an update to the investor community concerning progress at the Sesmarias copper-zinc massive sulphide prospect, located within the Alvalade joint venture project in the Iberian pyrite belt of Portugal. The program is a joint venture between Avrupa Minerals and Minas de Aguas Tenidas SA (Sandfire MATSA or MATSA) through their local subsidiaries. Avrupa continues to operate the project through the JV entity PorMining Lda., and MATSA continues to finance the exploration work. Previously, through the JV, during 2020 to 2021, the company drilled 17 diamond drill holes at Sesmarias, totalling 8,900 metres, on six different fences along a strike length of 400 metres in the Sesmarias North zone.

The JV returned to drilling at Sesmarias in mid-April, 2023, targeting the Central zone, where Avrupa drilled the high-grade discovery hole, SES002, in 2014 (see Feb. 27, 2014, news release). Follow-up drilling in the immediate discovery area at that time unsuccessfully targeted shallow extensions of the mineralization seen in SES002 at a depth of about 150 metres. Armed with a significantly upgraded targeting model, constructed from 46 holes, totalling nearly 20,000 metres at Sesmarias since 2014, the JV geological team aimed deeper to 400 metres depth to attempt to locate further high-grade mineralization.

As reported in June (see June 12, 2023, news release), the JV intersected strong copper-zinc massive sulphide mineralization in SES23-047. Since completion of that hole, the JV drilled a further five holes, totalling 2,766 metres, in the Sesmarias Central and South zones. Total drilling at Sesmarias is now at 22,612 metres in 52 diamond drill holes, over a mineralized strike length of 1,700 metres.

Paul Kuhn, president and chief executive officer of Avrupa Minerals, commented: "Geochemical and geological results from drilling in the Sesmarias Central and South zones this year are a really positive revelation after nine years of working at Sesmarias. The team has put together a great, drillable massive sulphide target, and the results are confirming the robustness of that target. It is clearly zoned along strike and proximity to the hinge zone in the central area, yet still has close to 2,000 metres of mineralized strike length potential. We are looking forward to continuing upgrade of the mineralization in the coming months."

The joint venture just completed a six-line, 2,100-metre-long induced polarization resistivity survey covering the North and Central zones. The hope is that the survey can assist in identification of stockwork sulphide mineralization in proximity to massive sulphides. The company expects final results before the end of the month and these will be reported in due time.

About Avrupa Minerals Ltd.

Avrupa is a growth-oriented junior exploration and development company directed to discovery of mineral deposits, using a hybrid prospect generator business model. The company holds one 49-per-cent-owned licence in Portugal, the Alvalade VMS project, presently optioned to Sandfire MATSA in an earn-in joint venture agreement. The company now holds one 100-per-cent-owned exploration licence covering the Slivova gold prospect in Kosovo, and is actively advancing four prospects in central Finland through its in-process acquisition of Akkerman Finland Oy. Avrupa focuses its project generation work in politically stable and prospective regions of Europe, presently including Portugal, Finland and Kosovo. The company continues to seek and develop other opportunities around Europe.

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