Mr. Paul Kuhn reports

AVRUPA MINERALS CLOSES $570,000 PRIVATE PLACEMENT

Avrupa Minerals Ltd. has closed the private placement as announced on Dec. 3.

The company raised $570,000 from the sale of 11.4 million units at five cents per unit. Each unit comprises one common share and one common share purchase warrant. Each common share purchase warrant entitles the holder to purchase one common share for 7.5 cents per common share until Dec. 29, 2028. The common share purchase warrants are non-transferable. All securities are subject to a four-month hold expiring on April 30, 2026. The company paid cash finder's fee of $800.

A director of the company purchased or acquired direction and control over a total of one million units under the private placement. The placement to this person constitutes a related party transaction within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions adopted in the policy. The company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 with respect to related party participation in the placement as neither the fair market value (as determined under MI 61-101) of the subject matter of the transaction, nor the fair market value of the consideration for the transaction, insofar as it involved the related party, exceeded 25 per cent of the company's market capitalization (as determined under MI 61-101).

The proceeds of the private placement financing will be used to finance exploration at its copper-focused projects in Finland, continuing operations in Portugal and for working capital. Avrupa also holds the Slivova gold project in Kosovo which is currently under option to a third party who manages and funds the project.

About Avrupa Minerals Ltd.

Avrupa Minerals is a growth-oriented junior exploration and development company directed to discovery of mineral deposits, using a hybrid project generator business model. The company holds one 100-per-cent-owned project in Portugal, the Alvalade VMS project and has submitted an application for a mining licence covering the Sesmarias massive sulphide showing within the project area. The company holds one 49-per-cent-owned exploration licence covering the Slivova gold project in Kosovo, optioned to Western Tethyan Resources.

The company is actively advancing seven copper-zinc prospects and one gold prospect in central Finland through its partnership with Akkerman Exploration B.V. in the Finnish exploration company, 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, and is actively looking for new JV (joint venture) partnerships in Finland and Portugal.

We seek Safe Harbor.